Reasons To Hold On To Owens-Illinois (OI) Stock For Now

 | Mar 14, 2018 11:04PM ET

Owens-Illinois, Inc. (NYSE:OI) continues to benefit from successful joint venture and acquisitions. Further, positive trends in volumes, efforts to improve productivity across all businesses, functions, processes and geographies will help garner higher profits despite higher expenses.
Currently, the manufacturer of glass containers carries a Zacks Rank #3 (Hold). Here's why investors should hold on to the stock at present.
Earnings Estimate Revisions
The Zacks Consensus Estimate for earnings for fiscal 2018 and fiscal 2019 reflects year-over-year growth of 6.0% and 6.6%, respectively. The company has a long-term earnings growth rate of 5.7% holds promise.
Price Performance