O-I Glass (NYSE:OI) Sets New 1-Year High Following Analyst Upgrade

O-I Glass, Inc. (NYSE:OI) shares reached a new 52-week high on Wednesday after Truist Financial raised their price target on the stock from $17.00 to $21.00. Truist Financial currently has a buy rating on the stock. O-I Glass traded as high as $16.04 and last traded at $15.4040, with a volume of 39064 shares trading hands. The stock had previously closed at $15.86.

Several other analysts have also recently commented on the stock. Wall Street Zen cut shares of O-I Glass from a “strong-buy” rating to a “buy” rating in a research report on Sunday, December 28th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of O-I Glass in a research note on Wednesday, October 8th. Zacks Research upgraded O-I Glass from a “hold” rating to a “strong-buy” rating in a report on Friday, January 2nd. Bank of America raised O-I Glass from a “neutral” rating to a “buy” rating and increased their target price for the company from $14.00 to $17.00 in a research note on Monday, November 17th. Finally, Citigroup upped their price target on O-I Glass from $14.00 to $17.00 and gave the company a “neutral” rating in a research note on Tuesday. Two analysts have rated the stock with a Strong Buy rating, six have assigned a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $17.56.

Trending Headlines about O-I Glass

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

• Positive Sentiment: Zacks Research raised near-term and full-year EPS forecasts (Q2, Q3 and FY2026) and maintains a “Strong-Buy” view, citing higher expected quarterly EPS and lifting FY2026 to $1.90. This improves forward earnings visibility and supports the rally.
• Positive Sentiment: O-I hit a 52-week high and is featured as a momentum pick in Zacks coverage — momentum and technical breakout headlines can attract trend-following money. O-I Glass, Inc. (OI) Hits Fresh High: Is There Still Room to Run?
• Positive Sentiment: Zacks included OI in a short list of stocks trading near 52-week highs with room to rise, reinforcing the narrative of continued upside from momentum investors. 4 Stocks Trading Near 52-Week High With Room to Rise Further
• Positive Sentiment: Truist raised its price target to $21, signaling stronger analyst conviction on upside potential and giving investors a higher reference valuation. Truist Financial Increases O-I Glass (NYSE:OI) Price Target to $21.00
• Positive Sentiment: Wells Fargo upgraded O-I Glass, adding another sell-side uplift that can drive buying from institutional accounts. Wells Fargo upgrades O-I Glass (OI)
• Positive Sentiment: Unusual options activity showed a large spike in call purchases (2,354 calls, ~3,039% above typical daily volume), indicating speculative or hedged bullish positioning by traders.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of OI. Vanguard Group Inc. increased its position in shares of O-I Glass by 3.7% during the third quarter. Vanguard Group Inc. now owns 19,349,218 shares of the industrial products company’s stock worth $250,959,000 after acquiring an additional 691,989 shares in the last quarter. Dimensional Fund Advisors LP boosted its stake in O-I Glass by 2.1% in the 3rd quarter. Dimensional Fund Advisors LP now owns 8,232,239 shares of the industrial products company’s stock worth $106,773,000 after purchasing an additional 170,696 shares during the period. Alliancebernstein L.P. boosted its stake in O-I Glass by 0.7% in the 3rd quarter. Alliancebernstein L.P. now owns 7,996,786 shares of the industrial products company’s stock worth $103,718,000 after purchasing an additional 56,945 shares during the period. Highland Peak Capital LLC increased its holdings in O-I Glass by 22.2% during the 3rd quarter. Highland Peak Capital LLC now owns 3,113,780 shares of the industrial products company’s stock worth $40,386,000 after purchasing an additional 566,703 shares in the last quarter. Finally, Bank of America Corp DE raised its stake in shares of O-I Glass by 18.7% in the 3rd quarter. Bank of America Corp DE now owns 2,618,748 shares of the industrial products company’s stock valued at $33,965,000 after purchasing an additional 412,497 shares during the period. Institutional investors own 97.24% of the company’s stock.

O-I Glass Price Performance

The stock has a market cap of $2.36 billion, a price-to-earnings ratio of -16.34, a P/E/G ratio of 0.18 and a beta of 0.77. The company has a 50 day simple moving average of $13.97 and a 200-day simple moving average of $13.59. The company has a current ratio of 1.33, a quick ratio of 0.84 and a debt-to-equity ratio of 3.36.

O-I Glass (NYSE:OI) last posted its quarterly earnings data on Wednesday, March 1st. The industrial products company reported $0.36 earnings per share for the quarter. O-I Glass had a positive return on equity of 16.02% and a negative net margin of 2.26%.The company had revenue of $1.59 billion during the quarter. O-I Glass has set its FY 2025 guidance at 1.550-1.650 EPS. Research analysts expect that O-I Glass, Inc. will post 1.33 EPS for the current year.

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.