O-I Glass, Inc. (NYSE:OI) Receives $15.50 Average Target Price from Brokerages

Shares of O-I Glass, Inc. (NYSE:OI) have been assigned an average recommendation of “Hold” from the nine ratings firms that are presently covering the firm, Marketbeat.com reports. Two research analysts have rated the stock with a sell rating, two have issued a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company. The average twelve-month target price among analysts that have issued ratings on the stock in the last year is $15.50.

A number of equities research analysts have issued reports on the company. Truist Financial reaffirmed a “buy” rating and set a $14.00 target price (down from $15.00) on shares of O-I Glass in a research report on Thursday, April 30th. UBS Group decreased their target price on O-I Glass from $21.00 to $18.00 and set a “buy” rating for the company in a research report on Friday, April 10th. Royal Bank Of Canada set a $14.00 price objective on O-I Glass in a research report on Friday, April 17th. Citigroup reduced their price objective on O-I Glass from $12.00 to $10.00 and set a “neutral” rating for the company in a research report on Monday, May 4th. Finally, Zacks Research cut O-I Glass from a “hold” rating to a “strong sell” rating in a research report on Tuesday, March 3rd.

O-I Glass Trading Down 6.1%

NYSE:OI opened at $8.33 on Friday. The stock’s 50 day moving average price is $10.29 and its 200 day moving average price is $12.93. O-I Glass has a 52 week low of $8.00 and a 52 week high of $16.91. The company has a market capitalization of $1.28 billion, a P/E ratio of -6.82, a P/E/G ratio of 0.95 and a beta of 0.65. The company has a debt-to-equity ratio of 3.35, a quick ratio of 0.73 and a current ratio of 1.26.

O-I Glass (NYSE:OI) last announced its earnings results on Tuesday, April 28th. The industrial products company reported $0.05 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.09 by ($0.04). The company had revenue of $1.54 billion for the quarter, compared to the consensus estimate of $1.47 billion. O-I Glass had a positive return on equity of 13.65% and a negative net margin of 2.91%.The firm’s revenue for the quarter was down 1.7% compared to the same quarter last year. During the same period in the previous year, the company earned $0.40 EPS. O-I Glass has set its FY 2026 guidance at 1.000-1.500 EPS. On average, research analysts forecast that O-I Glass will post 1.2 EPS for the current fiscal year.

Insider Activity

In other O-I Glass news, SVP Eduardo Restrepo acquired 3,309 shares of O-I Glass stock in a transaction dated Thursday, May 14th. The stock was bought at an average cost of $8.98 per share, with a total value of $29,714.82. Following the completion of the transaction, the senior vice president owned 94,199 shares of the company’s stock, valued at $845,907.02. The trade was a 3.64% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Darrow A. Abrahams acquired 2,774 shares of O-I Glass stock in a transaction dated Monday, May 11th. The stock was acquired at an average cost of $9.04 per share, with a total value of $25,076.96. Following the completion of the transaction, the senior vice president directly owned 235,928 shares of the company’s stock, valued at $2,132,789.12. This trade represents a 1.19% increase in their position. The SEC filing for this purchase provides additional information. Over the last three months, insiders acquired 17,083 shares of company stock valued at $157,312. 1.00% of the stock is owned by company insiders.

Institutional Investors Weigh In On O-I Glass

Several hedge funds have recently modified their holdings of OI. Alliancebernstein L.P. boosted its position in shares of O-I Glass by 194.6% in the second quarter. Alliancebernstein L.P. now owns 7,939,841 shares of the industrial products company’s stock valued at $117,033,000 after acquiring an additional 5,244,440 shares during the period. Cooper Creek Partners Management LLC boosted its position in shares of O-I Glass by 73.8% in the first quarter. Cooper Creek Partners Management LLC now owns 7,006,293 shares of the industrial products company’s stock valued at $73,636,000 after acquiring an additional 2,975,181 shares during the period. Wellington Management Group LLP bought a new position in O-I Glass in the fourth quarter worth $40,090,000. Arrowstreet Capital Limited Partnership lifted its position in O-I Glass by 288.7% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 3,215,632 shares of the industrial products company’s stock worth $47,463,000 after purchasing an additional 2,388,299 shares during the period. Finally, Brandywine Global Investment Management LLC bought a new position in O-I Glass in the fourth quarter worth $25,064,000. 97.24% of the stock is owned by institutional investors.

Key Stories Impacting O-I Glass

Here are the key news stories impacting O-I Glass this week:

• Positive Sentiment: Traders bought 2,354 call options on O-I Glass, a large jump versus normal activity, suggesting some investors are betting on a rebound.
• Neutral Sentiment: Zacks Research slightly raised its Q4 2026 EPS estimate to $0.35 from $0.34, indicating a modest improvement in that quarter.
• Negative Sentiment: Zacks Research cut its Q2 2026 EPS estimate to $0.29 from $0.51, a sizable reduction that signals weaker near-term profitability.
• Negative Sentiment: The firm also lowered FY2026 EPS to $1.21 from $1.67 and FY2027 EPS to $1.78 from $2.09, pointing to a more cautious longer-term outlook.
• Negative Sentiment: Additional forecast cuts were made for several quarters from late 2026 through 2028, reinforcing concerns about earnings momentum.
• Negative Sentiment: The repeated downgrade pressure and “Strong Sell” stance are likely contributing to the stock’s weakness today. O-I Glass (OI) price target decreased by 20.27% to 13.37

O-I Glass Company Profile

O-I Glass, Inc is a leading global manufacturer of glass containers, supplying the food and beverage, wine and spirits, pharmaceutical, cosmetic and personal care industries. Headquartered in Perrysburg, Ohio, the company produces a broad range of glass packaging solutions, including bottles and jars, designed to meet customer specifications for size, shape, color and performance. O-I leverages proprietary technologies in forming, decoration and quality control to serve both mass-market and premium brands.

Tracing its origins to the early 20th century through the merger of prominent regional glassmakers, the company adopted the Owens-Illinois name in 1929 before rebranding as O-I Glass in 2015.