Owens-Illinois Inc (OI): Today's Featured Consumer Goods Laggard
Editor's Note: Any reference to TheStreet Ratings and its underlying recommendation does not reflect the opinion of TheStreet, Inc. or any of its contributors including Jim Cramer or Stephanie Link.
(
) pushed the Consumer Goods sector lower today making it today's featured Consumer Goods laggard. The sector as a whole closed the day up 0.6%. By the end of trading, Owens-Illinois fell $0.45 (-1.5%) to $28.80 on average volume. Throughout the day, 1,332,968 shares of Owens-Illinois exchanged hands as compared to its average daily volume of 1,118,800 shares. The stock ranged in price between $28.62-$29.69 after having opened the day at $28.95 as compared to the previous trading day's close of $29.25. Other companies within the Consumer Goods sector that declined today were:
(
), down 20.2%,
(
), down 8.2%,
(
), down 7.0% and
(
), down 5.5%.
Owens-Illinois, Inc., through its subsidiaries, manufactures and sells glass container products to food and beverage manufacturers primarily in Europe, North America, South America, and the Asia Pacific. Owens-Illinois has a market cap of $4.9 billion and is part of the consumer non-durables industry. Shares are up 39.2% year to date as of the close of trading on Wednesday. Currently there are 8 analysts that rate Owens-Illinois a buy, no analysts rate it a sell, and 2 rate it a hold.
TheStreet Ratings rates
Owens-Illinois
as a
. The company's strengths can be seen in multiple areas, such as its notable return on equity and solid stock price performance. However, as a counter to these strengths, we also find weaknesses including unimpressive growth in net income, generally higher debt management risk and poor profit margins.
- You can view the full Owens-Illinois Ratings Report.
On the positive front,
(
), up 9.8%,
Northern Technologies International
(
), up 8.6%,
(
), up 8.1% and
(
), up 7.0% , were all gainers within the consumer goods sector with
(
) being today's featured consumer goods sector leader.
- Use our consumer goods section to find sector-relevant news.
- Or find some new ideas from our top rated stocks lists.
For investors not wanting singular stock exposure, ETFs may be of interest. Investors who are bullish on the consumer goods sector could consider
iShares Dow Jones US Cons Goods
(
) while those bearish on the consumer goods sector could consider
ProShares Ultra Sht Consumer Goods
(
).
- Find other investment ideas from our top rated ETFs lists.
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