O-I Glass (NYSE:OI) Price Target Cut to $13.00 by Analysts at Truist Financial

O-I Glass (NYSE:OI) had its price target decreased by Truist Financial from $14.00 to $13.00 in a research note issued to investors on Wednesday morning, Marketbeat Ratings reports. Truist Financial currently has a buy rating on the industrial products company’s stock.

Several other research firms have also recently issued reports on OI. Citigroup decreased their price objective on O-I Glass from $12.00 to $10.00 and set a “neutral” rating on the stock in a report on Monday, May 4th. Royal Bank Of Canada lowered their price target on O-I Glass from $14.00 to $11.00 and set an “outperform” rating for the company in a research report on Thursday, July 9th. Weiss Ratings cut shares of O-I Glass from a “sell (d-)” rating to a “sell (e+)” rating in a research report on Tuesday, June 30th. 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. Finally, Zacks Research raised shares of O-I Glass from a “strong sell” rating to a “hold” rating in a research note on Monday. Four research analysts have rated the stock with a Buy rating, two have issued a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $13.57.

O-I Glass Price Performance

O-I Glass stock opened at $9.38 on Wednesday. The business has a fifty day moving average of $9.02 and a two-hundred day moving average of $11.57. O-I Glass has a one year low of $7.75 and a one year high of $16.91. The company has a debt-to-equity ratio of 3.35, a quick ratio of 0.73 and a current ratio of 1.26. The company has a market cap of $1.44 billion, a P/E ratio of -7.69, a price-to-earnings-growth ratio of 1.02 and a beta of 0.62.

O-I Glass (NYSE:OI) last posted its earnings results on Tuesday, April 28th. The industrial products company reported $0.05 EPS for the quarter, missing analysts’ consensus estimates of $0.09 by ($0.04). The firm had revenue of $1.54 billion for the quarter, compared to analysts’ expectations of $1.47 billion. O-I Glass had a positive return on equity of 13.65% and a negative net margin of 2.91%.The firm’s revenue for the quarter was down 1.7% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.40 earnings per share. O-I Glass has set its FY 2026 guidance at 1.000-1.500 EPS. As a group, analysts predict that O-I Glass will post 1.14 earnings per share for the current fiscal year.

Insider Buying and Selling

In other O-I Glass news, SVP Darrow A. Abrahams bought 2,774 shares of the stock in a transaction on Monday, May 11th. The stock was purchased at an average price of $9.04 per share, for a total transaction of $25,076.96. Following the completion of the purchase, the senior vice president directly owned 235,928 shares in the company, valued at approximately $2,132,789.12. This trade represents a 1.19% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Randolph L. Burns acquired 11,000 shares of the stock in a transaction that occurred on Friday, May 8th. The shares were acquired at an average cost of $9.32 per share, with a total value of $102,520.00. Following the transaction, the senior vice president owned 133,932 shares in the company, valued at approximately $1,248,246.24. The trade was a 8.95% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Insiders have bought 17,083 shares of company stock worth $157,312 over the last ninety days. 1.00% of the stock is owned by insiders.

Hedge Funds Weigh In On O-I Glass

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Assenagon Asset Management S.A. increased its holdings in shares of O-I Glass by 596.0% during the second quarter. Assenagon Asset Management S.A. now owns 134,542 shares of the industrial products company’s stock valued at $1,296,000 after purchasing an additional 115,211 shares during the period. Moody National Bank Trust Division lifted its position in O-I Glass by 40.0% in the second quarter. Moody National Bank Trust Division now owns 148,686 shares of the industrial products company’s stock worth $1,432,000 after purchasing an additional 42,493 shares during the period. Empowered Funds LLC increased its position in shares of O-I Glass by 3.9% during the 1st quarter. Empowered Funds LLC now owns 726,791 shares of the industrial products company’s stock valued at $7,639,000 after purchasing an additional 27,468 shares during the period. Optiver Holding B.V. lifted its holdings 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 valued at $26,000 after acquiring an additional 2,074 shares during the last quarter. Finally, Converium Capital Inc. acquired a new position in shares of O-I Glass in the 1st quarter worth approximately $2,365,000. 97.24% of the stock is currently owned by institutional investors and hedge funds.

O-I Glass News Roundup

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

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.