Yahoo Finance Here's Why O-I Glass (OI) is a Strong Value Stock
Taking full advantage of the stock market and investing with confidence are common goals for new and old investors alike.
While you may have an investing style you rely on, finding great stocks is made easier with the Zacks Style Scores. These are complementary indicators that rate stocks based on value, growth, and/or momentum characteristics.
Why Investors Should Pay Attention to This Value Stock
Value investors love finding good stocks at good prices, especially before the broader market catches on to a stock's true value. Utilizing ratios like P/E, PEG, Price/Sales, and Price/Cash Flow, the Value Style Score identifies the most attractive and most discounted stocks.
O-I Glass (OI)
Perrysburg, OH-based O-I Glass, Inc. is the largest manufacturer of glass containers in the world. It competes in the glass container segment of the rigid packaging market. The company has 69 glass manufacturing plants spread over 19 countries.
OI is a Zacks Rank #3 (Hold) stock, with a Value Style Score of A and VGM Score of A. Shares are currently trading at a forward P/E of 8.6X for the current fiscal year compared to the Glass Products industry's P/E of 12.1X. Additionally, OI has a PEG Ratio of 1.2 and a Price/Cash Flow ratio of 4.1X. Value investors should also note OI's Price/Sales ratio of 0.5X.
A company's earnings performance is important for value investors as well. For fiscal 2023, one analyst revised their earnings estimate higher in the last 60 days for OI, while the Zacks Consensus Estimate has increased $0.00 to $2.58 per share. OI also holds an average earnings surprise of 16.5%.
OI should be on investors' short lists because of its impressive earnings and valuation fundamentals, a good Zacks Rank, and strong Value and VGM Style Scores.
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
O-I Glass, Inc. (OI) : Free Stock Analysis Report
