Wall Street Zen Upgrades O-I Glass (NYSE:OI) to “Strong-Buy”

O-I Glass (NYSE:OI) was upgraded by analysts at Wall Street Zen from a “buy” rating to a “strong-buy” rating in a research note issued on Saturday.

A number of other brokerages have also recently issued reports on OI. Bank of America upgraded O-I Glass from a “neutral” rating to a “buy” rating and raised their target price for the stock from $14.00 to $17.00 in a report on Monday, November 17th. Royal Bank Of Canada reissued an “outperform” rating and set a $19.00 price objective on shares of O-I Glass in a research note on Thursday, January 15th. Wells Fargo & Company raised shares of O-I Glass from an “equal weight” rating to an “overweight” rating and upped their target price for the company from $15.00 to $18.00 in a research note on Tuesday, January 6th. Citigroup lifted their price target on shares of O-I Glass from $14.00 to $17.00 and gave the stock a “neutral” rating in a research report on Tuesday, January 6th. Finally, Weiss Ratings restated a “sell (d-)” rating on shares of O-I Glass in a research report on Thursday, January 22nd. One equities research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $17.88.

O-I Glass Stock Performance

Shares of O-I Glass stock opened at $16.64 on Friday. The firm has a fifty day moving average of $15.13 and a two-hundred day moving average of $13.66. The company has a debt-to-equity ratio of 3.36, a quick ratio of 0.84 and a current ratio of 1.33. The stock has a market capitalization of $2.56 billion, a price-to-earnings ratio of -17.70, a PEG ratio of 0.20 and a beta of 0.78. O-I Glass has a 52 week low of $9.23 and a 52 week high of $16.70.

O-I Glass (NYSE:OI) last posted its quarterly earnings results on Tuesday, November 4th. The industrial products company reported $0.48 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.44 by $0.04. The business had revenue of $1.65 billion for the quarter, compared to analyst estimates of $1.66 billion. O-I Glass had a positive return on equity of 16.02% and a negative net margin of 2.26%.The firm’s revenue was down 1.5% on a year-over-year basis. During the same period last year, the company earned ($0.04) EPS. As a group, equities research analysts predict that O-I Glass will post 1.33 EPS for the current year.

Institutional Trading of O-I Glass

A number of institutional investors have recently modified their holdings of OI. Deroy & Devereaux Private Investment Counsel Inc. acquired a new stake in shares of O-I Glass in the third quarter valued at about $18,496,000. Castleark Management LLC bought a new position in O-I Glass in the second quarter valued at approximately $4,942,000. JPMorgan Chase & Co. grew its stake in O-I Glass by 123.8% in the second quarter. JPMorgan Chase & Co. now owns 1,145,980 shares of the industrial products company’s stock valued at $16,892,000 after purchasing an additional 633,875 shares in the last quarter. Knights of Columbus Asset Advisors LLC increased its position in shares of O-I Glass by 91.6% during the 3rd quarter. Knights of Columbus Asset Advisors LLC now owns 172,773 shares of the industrial products company’s stock worth $2,241,000 after purchasing an additional 82,619 shares during the last quarter. Finally, New Century Financial Group LLC bought a new stake in shares of O-I Glass during the 3rd quarter worth approximately $1,061,000. 97.24% of the stock is currently owned by institutional investors.

O-I Glass News Roundup

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

• Positive Sentiment: Large bullish options flow — traders bought 2,354 call options (a ~3,039% jump vs. average), indicating speculative or hedged bullish interest that can support near‑term buying pressure. Options Activity
• Positive Sentiment: Zacks raised some forward estimates — they lifted FY2026 EPS to $1.94 (from $1.90) and increased Q1 2026 and Q1 2027 forecasts, which is a modest positive signal for full‑year outlook expectations. Zacks still rates OI a “Hold.” Zacks Estimates Raised
• Neutral Sentiment: Analyst rating unchanged — Zacks retains a “Hold” on OI, so the firm’s revisions reflect model tweaks rather than a change in conviction; that mutes the long‑term signal from the note. Zacks Hold Rating
• Negative Sentiment: Small cuts to near‑term quarterly EPS — Zacks trimmed Q2 2026 (to $0.55 from $0.56), Q3 2026 (to $0.60 from $0.61) and Q2 2027 (to $0.64 from $0.65). These modest downgrades could pressure expectations for upcoming quarters. Zacks Estimates Cut

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.