Robert W. Baird Keeps a Buy Rating on O-I Glass (OI)

Robert W. Baird analyst Ghansham Panjabi maintained a Buy rating on O-I Glass (OIResearch Report) on June 22 and set a price target of $24.00. The company’s shares closed last Monday at $14.86.

According to TipRanks.com, Panjabi is a 5-star analyst with an average return of 7.4% and a 55.9% success rate. Panjabi covers the Basic Materials sector, focusing on stocks such as Sherwin-Williams Company, Axalta Coating Systems, and H.B. Fuller Company.

O-I Glass has an analyst consensus of Hold, with a price target consensus of $16.78, representing an 11.8% upside. In a report issued on June 9, Credit Suisse also maintained a Buy rating on the stock with a $21.00 price target.

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Based on O-I Glass’ latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of $1.69 billion and net profit of $88 million. In comparison, last year the company earned revenue of $1.5 billion and had a GAAP net loss of $97 million.

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O-I Glass, Inc. manufactures glass products. The firm offers products to the food and beverage sectors. The company is headquartered in Perrysburg, OH.

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