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

Shares of O-I Glass, Inc. (NYSE:OI) have earned an average recommendation of “Hold” from the eight research firms that are covering the firm, Marketbeat.com reports. Two investment 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 1 year price target among analysts that have issued ratings on the stock in the last year is $13.5714.

Several equities analysts have recently weighed in on OI shares. Royal Bank Of Canada decreased their price target on shares of O-I Glass from $14.00 to $11.00 and set an “outperform” rating for the company in a research note on Thursday, July 9th. Wells Fargo & Company cut their price objective on shares of O-I Glass from $13.00 to $12.00 and set an “overweight” rating on the stock in a research report on Wednesday, July 15th. Zacks Research upgraded shares of O-I Glass from a “strong sell” rating to a “hold” rating in a report on Monday, July 13th. Weiss Ratings raised shares of O-I Glass from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Wednesday, July 15th. Finally, UBS Group reduced their price objective on shares of O-I Glass from $21.00 to $18.00 and set a “buy” rating for the company in a research note on Friday, April 10th.

O-I Glass Stock Performance

Shares of OI stock opened at $8.95 on Friday. The stock has a market cap of $1.37 billion, a PE ratio of -7.33, a price-to-earnings-growth ratio of 1.09 and a beta of 0.62. The stock has a 50-day moving average of $9.03 and a 200-day moving average of $11.32. The company has a debt-to-equity ratio of 3.35, a current ratio of 1.26 and a quick ratio of 0.73. O-I Glass has a one year low of $7.75 and a one 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 EPS for the quarter, missing analysts’ consensus estimates of $0.09 by ($0.04). O-I Glass had a negative net margin of 2.91% and a positive return on equity of 13.65%. The firm had revenue of $1.54 billion during the quarter, compared to the consensus estimate of $1.47 billion. During the same quarter in the prior year, the company earned $0.40 EPS. O-I Glass’s quarterly revenue was down 1.7% on a year-over-year basis. O-I Glass has set its FY 2026 guidance at 1.000-1.500 EPS. As a group, sell-side analysts expect that O-I Glass will post 1.14 earnings per share for the current year.

Insider Activity at O-I Glass

In related news, SVP Eduardo Restrepo acquired 3,309 shares of the company’s stock in a transaction dated Thursday, May 14th. The shares were bought at an average cost of $8.98 per share, with a total value of $29,714.82. Following the completion of the transaction, the senior vice president directly owned 94,199 shares of the company’s stock, valued at $845,907.02. This trade represents a 3.64% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, SVP Randolph L. Burns bought 11,000 shares of the business’s stock in a transaction dated Friday, May 8th. The shares were bought at an average price of $9.32 per share, with a total value of $102,520.00. Following the purchase, the senior vice president owned 133,932 shares in the company, valued at $1,248,246.24. The trade was a 8.95% increase in their position. The SEC filing for this purchase provides additional information. Over the last three months, insiders bought 17,083 shares of company stock valued at $157,312. 1.00% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the stock. Farther Finance Advisors LLC lifted its position in O-I Glass by 87.6% during the fourth quarter. Farther Finance Advisors LLC now owns 1,778 shares of the industrial products company’s stock worth $26,000 after acquiring an additional 830 shares during the last quarter. Headlands Technologies LLC bought a new stake in shares of O-I Glass during the second quarter worth approximately $29,000. Quarry LP acquired a new position in shares of O-I Glass in the fourth quarter valued at approximately $32,000. Caitong International Asset Management Co. Ltd grew its position in shares of O-I Glass by 36,533.3% in the fourth quarter. Caitong International Asset Management Co. Ltd now owns 2,198 shares of the industrial products company’s stock valued at $32,000 after purchasing an additional 2,192 shares during the last quarter. Finally, State of Wyoming acquired a new position in shares of O-I Glass in the second quarter valued at approximately $35,000. 97.24% of the stock is 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.