O-I Glass (NYSE:OI) Upgraded to “Strong-Buy” at Wall Street Zen

Wall Street Zen upgraded shares of O-I Glass (NYSE:OI) from a buy rating to a strong-buy rating in a research note released on Saturday morning.

OI has been the subject of a number of other research reports. Royal Bank Of Canada reissued an “outperform” rating and set a $19.00 price target on shares of O-I Glass in a research report on Thursday, January 15th. Truist Financial boosted their target price on shares of O-I Glass from $17.00 to $21.00 and gave the stock a “buy” rating in a research report on Tuesday, January 6th. Bank of America raised shares of O-I Glass from a “neutral” rating to a “buy” rating and increased their price target for the stock from $14.00 to $17.00 in a research report on Monday, November 17th. Weiss Ratings reissued a “sell (d-)” rating on shares of O-I Glass in a report on Thursday, January 22nd. Finally, Wells Fargo & Company upgraded O-I Glass from an “equal weight” rating to an “overweight” rating and upped their price objective for the company from $15.00 to $18.00 in a research note on Tuesday, January 6th. One investment analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating, three have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $17.88.

O-I Glass Stock Up 1.3%

Shares of O-I Glass stock opened at $16.64 on Friday. O-I Glass has a 1-year low of $9.23 and a 1-year high of $16.70. The company has a market capitalization of $2.56 billion, a PE ratio of -17.70, a P/E/G ratio of 0.20 and a beta of 0.78. The company has a debt-to-equity ratio of 3.36, a current ratio of 1.33 and a quick ratio of 0.84. The business has a 50-day moving average of $15.13 and a 200-day moving average of $13.66.

Hedge Funds Weigh In On O-I Glass

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Farther Finance Advisors LLC raised its position 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 worth $26,000 after purchasing an additional 830 shares during the period. Headlands Technologies LLC bought a new position in O-I Glass during the 2nd quarter worth $29,000. Smartleaf Asset Management LLC increased its position in O-I Glass by 64.1% in the second quarter. Smartleaf Asset Management LLC now owns 2,350 shares of the industrial products company’s stock worth $35,000 after buying an additional 918 shares during the period. State of Wyoming bought a new stake in O-I Glass in the second quarter valued at $35,000. Finally, First Horizon Corp boosted 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 acquiring an additional 3,082 shares during the period. 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: Large bullish options flow — traders bought 2,354 call options (a ~3,039% jump vs. average), indicating speculative or hedged bullish interest that can support near‑term buying pressure. Options Activity
• Positive Sentiment: Zacks raised some forward estimates — they lifted FY2026 EPS to $1.94 (from $1.90) and increased Q1 2026 and Q1 2027 forecasts, which is a modest positive signal for full‑year outlook expectations. Zacks still rates OI a “Hold.” Zacks Estimates Raised
• Neutral Sentiment: Analyst rating unchanged — Zacks retains a “Hold” on OI, so the firm’s revisions reflect model tweaks rather than a change in conviction; that mutes the long‑term signal from the note. Zacks Hold Rating
• Negative Sentiment: Small cuts to near‑term quarterly EPS — Zacks trimmed Q2 2026 (to $0.55 from $0.56), Q3 2026 (to $0.60 from $0.61) and Q2 2027 (to $0.64 from $0.65). These modest downgrades could pressure expectations for upcoming quarters. Zacks Estimates Cut

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.