O-I Glass, Inc. (NYSE:OI) Receives Consensus Recommendation of “Moderate Buy” from Brokerages

Shares of O-I Glass, Inc. (NYSE:OI) have been assigned a consensus rating of “Moderate Buy” from the ten ratings firms that are covering the stock, Marketbeat.com reports. One analyst has rated the stock with a sell rating, two have assigned a hold rating, five have issued a buy rating and two have issued a strong buy rating on the company. The average twelve-month target price among brokerages that have issued a report on the stock in the last year is $17.8750.

A number of brokerages have recently weighed in on OI. Citigroup lifted their target price on shares of O-I Glass from $14.00 to $17.00 and gave the company a “neutral” rating in a research note on Tuesday, January 6th. Zacks Research upgraded shares of O-I Glass from a “hold” rating to a “strong-buy” rating in a report on Friday, January 2nd. Royal Bank Of Canada reiterated an “outperform” rating and set a $19.00 target price on shares of O-I Glass in a report on Thursday, January 15th. Weiss Ratings reissued a “sell (d-)” rating on shares of O-I Glass in a research report on Thursday, January 22nd. Finally, Bank of America upgraded O-I Glass from a “neutral” rating to a “buy” rating and lifted their price target for the company from $14.00 to $17.00 in a research report on Monday, November 17th.

O-I Glass Price Performance

OI opened at $15.26 on Friday. 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 $2.34 billion, a PE ratio of -16.23, a price-to-earnings-growth ratio of 0.18 and a beta of 0.77. The stock’s 50 day moving average price is $14.79 and its 200-day moving average price is $13.60. O-I Glass has a 52-week low of $9.23 and a 52-week high of $16.04.

O-I Glass (NYSE:OI) last announced its quarterly earnings results on Tuesday, November 4th. The industrial products company reported $0.48 EPS for the quarter, topping analysts’ consensus estimates of $0.44 by $0.04. The company had revenue of $1.65 billion during 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 quarter last year, the firm posted ($0.04) earnings per share. O-I Glass has set its FY 2025 guidance at 1.550-1.650 EPS. On average, equities research analysts predict that O-I Glass will post 1.33 EPS for the current year.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the business. Universal Beteiligungs und Servicegesellschaft mbH lifted its position in O-I Glass by 2.6% during the 4th quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 235,463 shares of the industrial products company’s stock valued at $3,475,000 after acquiring an additional 6,019 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in shares of O-I Glass by 20.9% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 54,157 shares of the industrial products company’s stock valued at $799,000 after purchasing an additional 9,368 shares in the last quarter. First Horizon Corp lifted its holdings in shares of O-I Glass by 2,125.5% during the fourth quarter. First Horizon Corp now owns 3,227 shares of the industrial products company’s stock valued at $48,000 after purchasing an additional 3,082 shares during the last quarter. Deroy & Devereaux Private Investment Counsel Inc. boosted its position in shares of O-I Glass by 42.1% in the 4th quarter. Deroy & Devereaux Private Investment Counsel Inc. now owns 2,026,525 shares of the industrial products company’s stock worth $29,912,000 after purchasing an additional 600,462 shares in the last quarter. Finally, Farther Finance Advisors LLC grew its stake in shares of O-I Glass by 87.6% in the 4th quarter. Farther Finance Advisors LLC now owns 1,778 shares of the industrial products company’s stock worth $26,000 after buying an additional 830 shares during the last quarter. 97.24% of the stock is currently owned by institutional investors.

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.