O-I Glass, Inc. (NYSE:OI) Given Average Rating of “Hold” by Brokerages

O-I Glass, Inc. (NYSE:OI) has received an average recommendation of “Hold” from the eight ratings firms that are presently covering the company, MarketBeat.com reports. Two research analysts have rated the stock with a sell recommendation, two have issued a hold recommendation and four have assigned a buy recommendation to the company. The average 12-month price target among brokers that have issued ratings on the stock in the last year is $15.1429.

Several research firms have recently issued reports on OI. Wells Fargo & Company lowered O-I Glass from an “overweight” rating to an “equal weight” rating and reduced their price target for the stock from $18.00 to $13.00 in a research report on Friday, March 20th. UBS Group cut their target price on O-I Glass from $21.00 to $18.00 and set a “buy” rating on the stock in a research note on Friday, April 10th. Truist Financial restated a “buy” rating and set a $14.00 target price (down from $15.00) on shares of O-I Glass in a report on Thursday, April 30th. Royal Bank Of Canada set a $14.00 target price on O-I Glass in a research report on Friday, April 17th. Finally, Weiss Ratings cut O-I Glass from a “sell (d-)” rating to a “sell (e+)” rating in a research note on Tuesday.

O-I Glass Stock Performance

Shares of NYSE:OI opened at $9.76 on Monday. The stock has a market capitalization of $1.50 billion, a P/E ratio of -8.00, a P/E/G ratio of 1.12 and a beta of 0.62. O-I Glass has a 1-year low of $7.75 and a 1-year high of $16.91. The company has a current ratio of 1.26, a quick ratio of 0.73 and a debt-to-equity ratio of 3.35. The business has a 50-day moving average price of $9.06 and a two-hundred day moving average price of $11.90.

O-I Glass (NYSE:OI) last issued its earnings results 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). O-I Glass had a negative net margin of 2.91% and a positive return on equity of 13.65%. The business had revenue of $1.54 billion during the quarter, compared to the consensus estimate of $1.47 billion. During the same period last year, the business posted $0.40 EPS. The firm’s revenue for the quarter was down 1.7% compared to the same quarter last year. O-I Glass has set its FY 2026 guidance at 1.000-1.500 EPS. Equities analysts predict that O-I Glass will post 1.2 earnings per share for the current year.

Insiders Place Their Bets

In other news, SVP Randolph L. Burns purchased 11,000 shares of O-I Glass stock in a transaction dated Friday, May 8th. The shares were bought at an average cost of $9.32 per share, with a total value of $102,520.00. Following the completion of the transaction, the senior vice president directly owned 133,932 shares in the company, valued at $1,248,246.24. This trade represents a 8.95% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP Darrow A. Abrahams purchased 2,774 shares of the firm’s stock in a transaction dated Monday, May 11th. The stock was purchased at an average cost of $9.04 per share, with a total value of $25,076.96. Following the acquisition, the senior vice president directly owned 235,928 shares in the company, valued at $2,132,789.12. This trade 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 three months, insiders have bought 17,083 shares of company stock worth $157,312. Company insiders own 1.00% of the company’s stock.

Institutional Investors Weigh In On O-I Glass

Large investors have recently modified their holdings of the business. Farther Finance Advisors LLC lifted its holdings in shares of O-I Glass by 87.6% during the 4th quarter. Farther Finance Advisors LLC now owns 1,778 shares of the industrial products company’s stock valued at $26,000 after purchasing an additional 830 shares in the last quarter. Optiver Holding B.V. increased its stake in O-I Glass by 491.5% during the 1st quarter. Optiver Holding B.V. now owns 2,496 shares of the industrial products company’s stock worth $26,000 after purchasing an additional 2,074 shares in the last quarter. Headlands Technologies LLC bought a new stake in O-I Glass during the 2nd quarter worth approximately $29,000. Quarry LP acquired a new stake in O-I Glass during the 4th quarter worth approximately $32,000. Finally, Caitong International Asset Management Co. Ltd raised its holdings in O-I Glass by 36,533.3% during the 4th quarter. Caitong International Asset Management Co. Ltd now owns 2,198 shares of the industrial products company’s stock worth $32,000 after buying an additional 2,192 shares during the period. 97.24% of the stock is currently owned by institutional investors.

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.