Citigroup Issues Pessimistic Forecast for O-I Glass (NYSE:OI) Stock Price

O-I Glass (NYSE:OI) had its target price lowered by equities research analysts at Citigroup from $9.00 to $8.00 in a research report issued to clients and investors on Thursday, Benzinga reports. The brokerage presently has a “buy” rating on the industrial products company’s stock. Citigroup‘s target price points to a potential upside of 51.00% from the stock’s current price.

Several other research firms have also recently weighed in on OI. Wells Fargo & Company reduced their price objective on O-I Glass from $12.00 to $10.00 and set an “overweight” rating for the company in a research report on Monday, October 19th. Royal Bank Of Canada cut their target price on O-I Glass from $8.00 to $7.00 and set a “sector perform” rating on the stock in a research note on Tuesday, October 13th. Robert W. Baird set a $13.00 price target on O-I Glass in a research report on Thursday, July 30th. UBS Group cut shares of O-I Glass from a “buy” rating to a “neutral” rating and decreased their price target for the stock from $11.00 to $6.00 in a research note on Monday, October 5th. Finally, BNP Paribas Exane cut shares of O-I Glass from an “outperform” rating to a “neutral” rating and set a $8.50 price target for the company. in a research note on Thursday, July 30th. Three investment analysts have rated the stock with a Buy rating, four have given a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $8.81.

O-I Glass Price Performance

O-I Glass stock traded down $0.33 during midday trading on Thursday, hitting $5.30. The company’s stock had a trading volume of 3,796,028 shares, compared to its average volume of 2,913,439. The company has a quick ratio of 0.77, a current ratio of 1.26 and a debt-to-equity ratio of 8.89. The stock’s 50-day moving average price is $6.33 and its 200-day moving average price is $9.64. O-I Glass has a 12 month low of $5.20 and a 12 month high of $16.91. The company has a market capitalization of $814.09 million, a PE ratio of -0.71, a price-to-earnings-growth ratio of 2.49 and a beta of 0.68.

O-I Glass (NYSE:OI) last posted its quarterly earnings results on Tuesday, October 27th. The industrial products company reported ($0.09) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.16 by ($0.25). The company had revenue of $1.62 billion during the quarter, compared to analyst estimates of $1.64 billion. O-I Glass had a positive return on equity of 10.40% and a negative net margin of 18.13%. The business’s revenue for the quarter was down 1.8% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.48 earnings per share. Analysts anticipate that O-I Glass will post 0.36 earnings per share for the current fiscal year.

Institutional Investors Weigh In On O-I Glass

Several institutional investors and hedge funds have recently added to or reduced their stakes in OI. Optiver Holding B.V. lifted its position in O-I Glass by 491.5% in the 1st quarter. Optiver Holding B.V. now owns 2,496 shares of the industrial products company’s stock worth $26,000 after buying an additional 2,074 shares during the last quarter. Fiduciary Financial Advisors bought a new position in O-I Glass during the second quarter valued at approximately $34,000. Fortitude Family Office LLC grew its position in O-I Glass by 5,036.0% during the third quarter. Fortitude Family Office LLC now owns 4,417 shares of the industrial products company’s stock valued at $25,000 after acquiring an additional 4,331 shares during the last quarter. Global Retirement Partners LLC bought a new position in O-I Glass during the second quarter valued at approximately $44,000. Finally, Wealth Enhancement Trust Services Inc. raised its stake in shares of O-I Glass by 57.3% during the third quarter. Wealth Enhancement Trust Services Inc. now owns 5,825 shares of the industrial products company’s stock worth $33,000 after acquiring an additional 2,121 shares in the last quarter. Hedge funds and other institutional investors own 97.24% of the company’s stock.

Key O-I Glass News

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

• Positive Sentiment: O-I Glass reported approximately $50 million of “Fit to Win” benefits in the third quarter and $135 million year to date, supporting its goal of generating at least $650 million in cumulative benefits by the end of 2027. The company also ended the quarter with approximately $1.5 billion of liquidity. O-I Glass updates 2026 outlook
• Positive Sentiment: Truist Securities maintained a Buy rating on O-I Glass, implying substantial potential upside from current levels, although it reduced its price target to $7 from $8. Truist adjusts O-I Glass price target
• Neutral Sentiment: Americas sales increased to $970 million from $940 million, but segment operating profit slipped to $137 million from $140 million, indicating mixed performance across the company’s major regions. O-I Glass reports third-quarter loss
• Negative Sentiment: O-I Glass posted an adjusted loss of $0.09 per share, versus a consensus estimate for a $0.16 profit in the company’s earnings release data, while revenue fell 1.8% year over year to $1.623 billion and was slightly below expectations. Earnings also declined sharply from $0.48 per share a year earlier. O-I Glass third-quarter earnings
• Negative Sentiment: Management cut its 2026 adjusted EBITDA forecast to $925 million-$950 million and expects to use roughly $300 million of free cash flow. It also anticipates $100 million-$120 million of fourth-quarter charges tied to a proposed permanent European plant closure. O-I Glass lowers outlook
• Negative Sentiment: Europe was the key weakness: sales dropped to $634 million from $688 million, while segment operating profit nearly disappeared at $2 million versus $95 million a year earlier. Management cited soft demand, higher energy and freight costs, and a slower regional recovery. O-I Glass Q3 outlook analysis

O-I Glass Company Profile

O-I Glass, Inc is a global manufacturer of glass packaging products. The company produces glass bottles and jars primarily for the food, beverage, beer, wine, spirits, and pharmaceutical industries, serving brand owners and consumer-products companies.

Its products are designed to provide packaging, preservation, and presentation for a range of consumer goods. O-I also offers glass packaging in various shapes, sizes, and colors, including custom solutions developed for individual brands.

The company traces its history to the Owens Bottle Company, founded in 1903, and the Illinois Glass Company.