O-I Glass (NYSE:OI) Trading Down 7.2% – What’s Next?

O-I Glass, Inc. (NYSE:OI) shares fell 7.2% on Tuesday . The stock traded as low as $8.85 and last traded at $8.9090. 829,202 shares were traded during trading, a decline of 66% from the average daily volume of 2,436,711 shares. The stock had previously closed at $9.60.

O-I Glass News Summary

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

• Positive Sentiment: Zacks Research upgraded O-I Glass from “strong sell” to “hold,” which can improve investor sentiment toward the stock. Zacks.com
• Positive Sentiment: Truist Financial kept a “buy” rating on O-I Glass, even after trimming its price target to $13, signaling continued confidence in upside potential. Benzinga
• Positive Sentiment: Zacks raised its FY2027 EPS estimate to $1.86 from $1.80 and also increased its Q4 2026 estimate to $0.39 and Q4 2027 estimate to $0.48, suggesting a more favorable longer-term earnings outlook.
• Neutral Sentiment: At the same time, Zacks slightly cut its near-term estimates, including Q2 2026 EPS to $0.27 from $0.28 and Q3 2026 EPS to $0.51 from $0.52, which tempers the bullish tone.
• Negative Sentiment: Bank of America reiterated an “underperform” rating, and earlier commentary cited weak demand and fewer catalysts, highlighting that not all analysts are convinced the rally is sustainable. MSN article

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on the company. Bank of America reaffirmed an “underperform” rating and issued a $11.00 price objective on shares of O-I Glass in a research report on Tuesday. Citigroup decreased their price target on O-I Glass from $12.00 to $10.00 and set a “neutral” rating for the company in a research note on Monday, May 4th. Zacks Research raised O-I Glass from a “strong sell” rating to a “hold” rating in a report on Monday. Wells Fargo & Company dropped their price objective on O-I Glass from $13.00 to $12.00 and set an “overweight” rating on the stock in a research report on Wednesday. Finally, 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. Four analysts have rated the stock with a Buy rating, two have assigned a Hold rating and two have given a Sell rating to the stock. According to MarketBeat, the company has an average rating of “Hold” and an average target price of $13.57.

O-I Glass Trading Up 11.1%

The firm has a market capitalization of $1.44 billion, a P/E ratio of -7.69, a P/E/G ratio of 1.02 and a beta of 0.62. The company has a current ratio of 1.26, a quick ratio of 0.73 and a debt-to-equity ratio of 3.35. The stock has a 50 day simple moving average of $9.02 and a 200-day simple moving average of $11.57.

O-I Glass (NYSE:OI) last issued its quarterly earnings data on Tuesday, April 28th. The industrial products company reported $0.05 earnings per share for the quarter, missing the consensus estimate of $0.09 by ($0.04). The business had revenue of $1.54 billion during 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%.O-I Glass’s revenue for the quarter was down 1.7% on a year-over-year basis. During the same quarter last year, the company earned $0.40 EPS. O-I Glass has set its FY 2026 guidance at 1.000-1.500 EPS. On average, equities research analysts forecast that O-I Glass, Inc. will post 1.14 EPS for the current fiscal year.

Insider Transactions at O-I Glass

In related news, SVP Randolph L. Burns acquired 11,000 shares of O-I Glass stock in a transaction dated Friday, May 8th. The stock was purchased at an average cost of $9.32 per share, for a total transaction of $102,520.00. Following the purchase, the senior vice president directly owned 133,932 shares of the company’s stock, valued at approximately $1,248,246.24. This trade represents a 8.95% increase in their position. The purchase was disclosed in a filing with the SEC, which is accessible through this link. Also, SVP Darrow A. Abrahams bought 2,774 shares of the firm’s stock in a transaction that occurred on Monday, May 11th. The stock was bought at an average cost of $9.04 per share, for a total transaction of $25,076.96. Following the completion of the acquisition, the senior vice president owned 235,928 shares in the company, valued at $2,132,789.12. This trade represents a 1.19% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Insiders have acquired 17,083 shares of company stock worth $157,312 in the last 90 days. 1.00% of the stock is currently owned by insiders.

Institutional Trading of O-I Glass

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. PNC Financial Services Group Inc. raised its position in shares of O-I Glass by 1.9% during the fourth quarter. PNC Financial Services Group Inc. now owns 37,828 shares of the industrial products company’s stock valued at $558,000 after buying an additional 701 shares during the last quarter. Barclays PLC boosted its position in shares of O-I Glass by 0.3% during the fourth quarter. Barclays PLC now owns 246,766 shares of the industrial products company’s stock worth $3,642,000 after acquiring an additional 755 shares during the last quarter. Farther Finance Advisors LLC grew its stake in O-I Glass by 87.6% during the fourth quarter. Farther Finance Advisors LLC now owns 1,778 shares of the industrial products company’s stock valued at $26,000 after acquiring an additional 830 shares in the last quarter. ProShare Advisors LLC grew its stake in O-I Glass by 3.1% during the fourth quarter. ProShare Advisors LLC now owns 29,887 shares of the industrial products company’s stock valued at $441,000 after acquiring an additional 911 shares in the last quarter. Finally, Smartleaf Asset Management LLC grew its stake in O-I Glass by 64.1% during the second quarter. Smartleaf Asset Management LLC now owns 2,350 shares of the industrial products company’s stock valued at $35,000 after acquiring an additional 918 shares in the last quarter. Hedge funds and other institutional investors own 97.24% of the company’s stock.

About O-I Glass

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.