Owens-Illinois Inc (OI): Today's Featured Consumer Non-Durables Laggard

Editor's Note: TheStreet ratings do not represent the views of TheStreet's staff or its contributors. Ratings are established by computer based on metrics for performance (which includes growth, stock performance, efficiency and valuation) and risk (volatility and solvency). Companies with poor cash flow or high debt levels tend to earn lower ratings in our model

Owens-Illinois ( OI) pushed the Consumer Non-Durables industry lower today making it today's featured Consumer Non-Durables laggard. The industry as a whole closed the day down 0.4%. By the end of trading, Owens-Illinois fell $0.40 (-1.4%) to $27.77 on light volume. Throughout the day, 524,189 shares of Owens-Illinois exchanged hands as compared to its average daily volume of 1,202,400 shares. The stock ranged in price between $27.60-$28.16 after having opened the day at $28.00 as compared to the previous trading day's close of $28.17. Other companies within the Consumer Non-Durables industry that declined today were: Coldwater Creek ( CWTR), down 5.5%, ACCO Brands ( ACCO), down 4.6%, STR Holdings ( STRI), down 4.1% and Ever-Glory International Group ( EVK), down 3.1%.
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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 $4.4 billion and is part of the consumer goods sector. The company has a P/E ratio of 30.6, above the S&P 500 P/E ratio of 17.7. Shares are up 32.4% year to date as of the close of trading on Thursday. 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 hold. 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.

On the positive front, KapStone Paper And Packaging Corporation ( KS), down 4.4%, China XD Plastics ( CXDC), down 3.8%, Orient Paper ( ONP), down 3.1% and Xerium Technologies ( XRM), down 2.8% , were all gainers within the consumer non-durables industry with Deckers Outdoor Corporation ( DECK) being today's featured consumer non-durables industry leader.

For investors not wanting singular stock exposure, ETFs may be of interest. Investors who are bullish on the consumer non-durables industry could consider Consumer Staples Select Sector SPDR ( XLP) while those bearish on the consumer non-durables industry could consider ProShares Ultra Sht Consumer Goods ( SZK).

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