O-I Glass (NYSE:OI) Shares Gap Down – Time to Sell?

O-I Glass, Inc. (NYSE:OI)’s share price gapped down before the market opened on Wednesday . The stock had previously closed at $14.83, but opened at $14.16. O-I Glass shares last traded at $13.1770, with a volume of 620,216 shares.

O-I Glass News Roundup

Here are the key news stories impacting O-I Glass this week:

• Positive Sentiment: Zacks Research raised its Q4 2027 EPS estimate for O-I to $0.49 from $0.43, signaling a stronger near-term earnings beat expectation. Zacks Q4 2027 Estimate Raise
• Positive Sentiment: Zacks also nudged up its Q3 2027 EPS estimate (to $0.68 from $0.67) and forecast FY2028 EPS of $2.66, which supports a longer-term earnings improvement narrative. Zacks retains a “Hold” rating. Zacks Q3 / FY2028 Estimates
• Positive Sentiment: Brokerage consensus compiled by AmericanBankingNews shows a “Moderate Buy” rating on OI, which is supportive of investor interest despite mixed analyst notes. Consensus Rating: Moderate Buy
• Neutral Sentiment: O-I announced that CFO John Haudrich will present at the BofA Securities 2026 Global Agriculture & Materials Conference and said the company will outline its strategy to boost shareholder value through competitiveness, disciplined cost transformation and profitable growth — management messaging may provide clarity but contains no new financial guidance. BofA Presentation Release
• Neutral Sentiment: A Seeking Alpha slideshow of O-I’s presentation is available, giving investors access to management’s slides and strategic talking points (useful for assessing execution risk but not a direct catalyst). Seeking Alpha Slides
• Negative Sentiment: Zacks cut its Q2 2027 EPS estimate to $0.62 from $0.64, indicating softer near-term demand or margin pressure for that quarter. Zacks Q2 2027 Cut
• Negative Sentiment: Zacks reduced its FY2027 EPS projection to $2.24 from $2.35, a meaningful downward revision to full-year expectations that may have weighed on the stock despite some quarter-level raises. Zacks FY2027 Cut

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on OI shares. Zacks Research lowered O-I Glass from a “strong-buy” rating to a “hold” rating in a research note on Monday, February 2nd. Wells Fargo & Company raised O-I Glass from an “equal weight” rating to an “overweight” rating and raised their target price for the stock from $15.00 to $18.00 in a report on Tuesday, January 6th. Bank of America raised O-I Glass from a “neutral” rating to a “buy” rating and boosted their price target for the company from $14.00 to $17.00 in a report on Monday, November 17th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of O-I Glass in a research note on Thursday, January 22nd. Finally, Citigroup cut their target price on shares of O-I Glass from $17.00 to $16.00 and set a “neutral” rating for the company in a report on Thursday, February 12th. One research 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 assigned a Sell rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $18.22.

O-I Glass Trading Down 12.8%

The firm has a market capitalization of $1.97 billion, a price-to-earnings ratio of -15.40, a P/E/G ratio of 0.67 and a beta of 0.78. The company has a debt-to-equity ratio of 3.35, a quick ratio of 0.77 and a current ratio of 1.25. The company has a 50 day moving average price of $15.32 and a two-hundred day moving average price of $13.79.

O-I Glass (NYSE:OI) last issued its quarterly earnings results on Tuesday, February 10th. The industrial products company reported $0.20 EPS for the quarter, topping the consensus estimate of $0.19 by $0.01. The company had revenue of $1.50 billion during the quarter, compared to analyst estimates of $1.52 billion. O-I Glass had a negative net margin of 2.01% and a positive return on equity of 18.07%. The firm’s revenue was down 1.9% compared to the same quarter last year. During the same quarter in the previous year, the firm earned ($0.05) EPS. On average, research analysts forecast that O-I Glass, Inc. will post 1.33 EPS for the current year.

Institutional Investors Weigh In On O-I Glass

Several large investors have recently bought and sold shares of OI. PNC Financial Services Group Inc. raised its holdings in shares of O-I Glass by 1.9% during the fourth quarter. PNC Financial Services Group Inc. now owns 37,828 shares of the industrial products company’s stock valued at $558,000 after acquiring an additional 701 shares during the last quarter. Barclays PLC increased its position in shares of O-I Glass by 0.3% during the fourth quarter. Barclays PLC now owns 246,766 shares of the industrial products company’s stock worth $3,642,000 after purchasing an additional 755 shares in the last quarter. Farther Finance Advisors LLC raised its stake in 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 valued at $26,000 after purchasing an additional 830 shares during the last quarter. Teacher Retirement System of Texas lifted its holdings in O-I Glass by 3.9% in the 2nd quarter. Teacher Retirement System of Texas now owns 23,495 shares of the industrial products company’s stock valued at $346,000 after purchasing an additional 879 shares in the last quarter. Finally, ProShare Advisors LLC boosted its stake in O-I Glass by 3.1% during the 4th quarter. ProShare Advisors LLC now owns 29,887 shares of the industrial products company’s stock worth $441,000 after purchasing an additional 911 shares during the last quarter. 97.24% of the stock is currently owned by hedge funds and other 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.