O-I Glass (NYSE:OI) Stock Moved Down to Strong Sell by Zacks Research

O-I Glass (NYSE:OI) was downgraded by equities researchers at Zacks Research from a “hold” rating to a “strong sell” rating in a research note issued on Thursday, Zacks reports. Zacks Research also issued estimates for O-I Glass’ Q4 2026 earnings at ($0.01) EPS, FY2026 earnings at $0.04 EPS, Q1 2027 earnings at $0.16 EPS, Q2 2027 earnings at $0.29 EPS, Q3 2027 earnings at $0.33 EPS, Q4 2027 earnings at $0.08 EPS, FY2027 earnings at $0.86 EPS, Q1 2028 earnings at $0.70 EPS, Q2 2028 earnings at $0.73 EPS and Q3 2028 earnings at $0.68 EPS.

A number of other equities research analysts have also recently commented on the company. Robert W. Baird set a $13.00 price target on O-I Glass in a report on Thursday, July 30th. BNP Paribas Exane lowered O-I Glass from an “outperform” rating to a “neutral” rating and set a $8.50 price objective for the company. in a research note on Thursday, July 30th. Royal Bank Of Canada cut their target price on O-I Glass from $8.00 to $7.00 and set a “sector perform” rating for the company in a research report on Tuesday, October 13th. Weiss Ratings upgraded O-I Glass from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Tuesday. Finally, Citigroup decreased their target price on O-I Glass from $9.00 to $8.00 and set a “buy” rating on the stock in a research note on Thursday, October 29th. Three research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and three have given a Sell rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $8.81.

O-I Glass Price Performance

Shares of NYSE OI traded up $0.09 during midday trading on Thursday, reaching $4.96. The stock had a trading volume of 3,105,204 shares, compared to its average volume of 4,322,020. The company has a market capitalization of $764.31 million, a price-to-earnings ratio of -0.64, a price-to-earnings-growth ratio of 44.69 and a beta of 0.75. O-I Glass has a 12-month low of $4.83 and a 12-month high of $16.91. The stock has a 50-day moving average of $5.87 and a 200-day moving average of $9.02. The company has a debt-to-equity ratio of 8.84, a quick ratio of 0.80 and a current ratio of 1.28.

O-I Glass (NYSE:OI) last released its earnings results on Tuesday, October 27th. The industrial products company reported ($0.09) earnings per share for the quarter, missing analysts’ consensus estimates of $0.16 by ($0.25). The firm had revenue of $1.62 billion for the quarter, compared to analysts’ expectations of $1.64 billion. O-I Glass had a negative net margin of 18.89% and a positive return on equity of 3.74%. The firm’s quarterly revenue was down 1.8% compared to the same quarter last year. During the same quarter last year, the firm posted $0.48 EPS. As a group, research analysts anticipate that O-I Glass will post 0.01 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in OI. Marshall Wace LLP boosted its stake in O-I Glass by 33.1% during the third quarter. Marshall Wace LLP now owns 1,615,691 shares of the industrial products company’s stock valued at $9,129,000 after buying an additional 402,045 shares during the last quarter. Empowered Funds LLC grew its holdings in O-I Glass by 1.9% during the 3rd quarter. Empowered Funds LLC now owns 587,501 shares of the industrial products company’s stock valued at $3,319,000 after buying an additional 10,710 shares in the last quarter. PEAK6 LLC bought a new stake in O-I Glass in the 3rd quarter worth approximately $66,000. First Trust Advisors LP increased its stake in O-I Glass by 67.0% in the 3rd quarter. First Trust Advisors LP now owns 458,533 shares of the industrial products company’s stock worth $2,591,000 after acquiring an additional 183,917 shares during the last quarter. Finally, Edmond DE Rothschild Holding S.A. raised its holdings in shares of O-I Glass by 38.4% during the 3rd quarter. Edmond DE Rothschild Holding S.A. now owns 2,769,015 shares of the industrial products company’s stock worth $15,645,000 after acquiring an additional 769,000 shares in the last quarter. Hedge funds and other institutional investors own 97.24% of the company’s stock.

More O-I Glass News

Investors following OI have been watching these news items:

• Positive Sentiment: Zacks Research modestly raised its Q2 2028 earnings-per-share estimate to $0.73 from $0.71, offering a limited positive offset. O-I Glass analyst estimates
• Negative Sentiment: Zacks Research cut several earnings forecasts, including FY2026 EPS to $0.04 from $0.21, FY2027 to $0.86 from $1.35, Q1 2027 to $0.16 from $0.24, and Q4 2027 to $0.08 from $0.37. The broad downward revisions signal weaker expected profitability and may weigh on investor sentiment. Zacks Research earnings outlook
• Negative Sentiment: The securities lawsuit alleges O-I Glass made misleading statements or omissions about its 2026 outlook and Fit to Win program. The claims are allegations, not established findings, but the litigation creates legal and reputational uncertainty. Lawsuit allegations and deadline

O-I Glass Company Profile

O-I Glass, Inc. manufactures glass containers for food and beverage brands. Its products include bottles and jars used for beer, wine, spirits, nonalcoholic beverages, and food, serving customers across consumer and industrial markets. The company traces its roots to the Owens Bottle Company, established in 1903 by glassmaking innovator Michael J. Owens. It later became Owens-Illinois and adopted the O-I Glass name in 2020. O-I Glass serves customers in the Americas and Europe, with operations and sales activities across multiple countries.