Wells Fargo analyst Gabrial Hajde maintains $Owens-Illinois (OI.US)$ with a buy rating, and adjusts the target price from $18 to $16.
According to TipRanks data, the analyst has a success rate of 57.8% and a total average return of 3.6% over the past year.
Furthermore, according to the comprehensive report, the opinions of $Owens-Illinois (OI.US)$'s main analysts recently are as follows:
Packaging underperformed the S&P 500 by approximately 22% in 2024, whereas Paper/Forest products saw a relative decline of 7%, continuing the theme of volume weakness. Overall, a preference for Packaging over Paper/Forest products was indicated.
Packagers had a challenging year in 2024, significantly underperforming due to lukewarm volumes and continued pressures on prices and costs, leading to negative revisions of estimates. Nonetheless, CEOs within the packaging sector are now responding with heightened urgency and are increasingly pursuing mergers and acquisitions. Analysts view companies like Sealed Air as potential acquisition targets in 2025, highlighting a specific interest in certain firms within the industry.
Note:
TipRanks, an independent third party, provides analysis data from financial analysts and calculates the Average Returns and Success Rates of the analysts' recommendations. The information presented is not an investment recommendation and is intended for informational purposes only.
Success rate is the number of the analyst's successful ratings, divided by his/her total number of ratings over the past year. A successful rating is one based on if TipRanks' virtual portfolio earned a positive return from the stock. Total average return is the average rate of return that the TipRanks' virtual portfolio has earned over the past year. These portfolios are established based on the analyst's preliminary rating and are adjusted according to the changes in the rating.
TipRanks provides a ranking of each analyst up to 5 stars, which is representative of all recommendations from the analyst. An analyst's past performance is evaluated on a scale of 1 to 5 stars, with more stars indicating better performance. The star level is determined by his/her total success rate and average return.
