O-I Glass, Inc. (NYSE:OI) Receives Average Rating of “Hold” from Analysts

Shares of O-I Glass, Inc. (NYSE:OI) have been given a consensus recommendation of “Hold” by the eight ratings firms that are currently covering the stock, MarketBeat Ratings reports. Two research analysts have rated the stock with a sell rating, two have assigned a hold rating and four have given a buy rating to the company. The average 12-month target price among brokers that have updated their coverage on the stock in the last year is $15.1429.

Several research analysts have issued reports on OI shares. Weiss Ratings upgraded O-I Glass from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Thursday, June 11th. Wells Fargo & Company cut O-I Glass from an “overweight” rating to an “equal weight” rating and cut their price objective for the stock from $18.00 to $13.00 in a research report on Friday, March 20th. Zacks Research cut O-I Glass from a “hold” rating to a “strong sell” rating in a research report on Tuesday, March 3rd. Truist Financial reiterated a “buy” rating and issued a $14.00 price objective (down from $15.00) on shares of O-I Glass in a research report on Thursday, April 30th. Finally, Royal Bank Of Canada set a $14.00 price objective on O-I Glass in a research report on Friday, April 17th.

Insiders Place Their Bets

In other news, SVP Eduardo Restrepo purchased 3,309 shares of the company’s stock in a transaction dated Thursday, May 14th. The stock was acquired at an average price of $8.98 per share, for a total transaction of $29,714.82. Following the completion of the transaction, the senior vice president directly owned 94,199 shares in the company, valued at $845,907.02. This represents a 3.64% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through this link. Also, SVP Darrow A. Abrahams purchased 2,774 shares of the company’s stock in a transaction dated Monday, May 11th. The stock was purchased at an average price of $9.04 per share, with a total value of $25,076.96. Following the transaction, the senior vice president owned 235,928 shares of the company’s stock, valued at approximately $2,132,789.12. This represents a 1.19% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Over the last quarter, insiders acquired 17,083 shares of company stock worth $157,312. 1.00% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the company. Vanguard Group Inc. increased its position in shares of O-I Glass by 3.7% in the third quarter. Vanguard Group Inc. now owns 19,349,218 shares of the industrial products company’s stock valued at $250,959,000 after buying an additional 691,989 shares in the last quarter. Dimensional Fund Advisors LP increased its position in shares of O-I Glass by 8.6% in the first quarter. Dimensional Fund Advisors LP now owns 9,238,635 shares of the industrial products company’s stock valued at $97,094,000 after buying an additional 729,191 shares in the last quarter. Alliancebernstein L.P. increased its position in shares of O-I Glass by 0.7% in the third quarter. Alliancebernstein L.P. now owns 7,996,786 shares of the industrial products company’s stock valued at $103,718,000 after buying an additional 56,945 shares in the last quarter. Cooper Creek Partners Management LLC increased its position in shares of O-I Glass by 73.8% in the first quarter. Cooper Creek Partners Management LLC now owns 7,006,293 shares of the industrial products company’s stock valued at $73,636,000 after buying an additional 2,975,181 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership increased its position in shares of O-I Glass by 32.1% in the first quarter. Arrowstreet Capital Limited Partnership now owns 4,246,337 shares of the industrial products company’s stock valued at $44,629,000 after buying an additional 1,030,705 shares in the last quarter. Hedge funds and other institutional investors own 97.24% of the company’s stock.

O-I Glass Trading Down 0.2%

NYSE:OI opened at $9.70 on Monday. The stock has a fifty day moving average price of $9.16 and a two-hundred day moving average price of $12.06. The stock has a market capitalization of $1.49 billion, a price-to-earnings ratio of -7.95, a PEG ratio of 1.11 and a beta of 0.64. The company has a debt-to-equity ratio of 3.35, a quick ratio of 0.73 and a current ratio of 1.26. O-I Glass has a 1 year low of $7.75 and a 1 year high of $16.91.

O-I Glass (NYSE:OI) last released its quarterly earnings data on Tuesday, April 28th. The industrial products company reported $0.05 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.09 by ($0.04). The business had revenue of $1.54 billion during 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 company’s revenue was down 1.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.40 EPS. O-I Glass has set its FY 2026 guidance at 1.000-1.500 EPS. As a group, sell-side analysts anticipate that O-I Glass will post 1.2 earnings per share for the current fiscal 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.