Citigroup Cuts O-I Glass (NYSE:OI) Price Target to $12.00

O-I Glass (NYSE:OI) had its target price decreased by Citigroup from $16.00 to $12.00 in a report released on Monday morning,Benzinga reports. Citigroup currently has a neutral rating on the industrial products company’s stock.

A number of other brokerages have also recently issued reports on OI. Robert W. Baird set a $20.00 target price on shares of O-I Glass in a research report on Thursday, February 12th. Wall Street Zen cut shares of O-I Glass from a “buy” rating to a “hold” rating in a research report on Saturday, February 28th. Truist Financial lifted 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. Royal Bank Of Canada cut their target price on shares of O-I Glass from $19.00 to $18.00 and set an “outperform” rating for the company in a research report on Thursday, February 26th. Finally, Wells Fargo & Company cut shares of O-I Glass from an “overweight” rating to an “equal weight” rating and cut their target price for the stock from $18.00 to $13.00 in a research report on Friday, March 20th. One investment analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, three have given a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Hold” and an average target price of $16.11.

O-I Glass Stock Down 2.3%

Shares of NYSE OI opened at $10.59 on Monday. The company has a quick ratio of 0.77, a current ratio of 1.25 and a debt-to-equity ratio of 3.35. O-I Glass has a 52 week low of $9.84 and a 52 week high of $16.91. The firm has a 50-day moving average price of $12.29 and a 200 day moving average price of $13.30. The stock has a market capitalization of $1.62 billion, a price-to-earnings ratio of -12.60, a price-to-earnings-growth ratio of 0.91 and a beta of 0.84.

O-I Glass (NYSE:OI) last announced its quarterly earnings data on Tuesday, February 10th. The industrial products company reported $0.20 EPS for the quarter, beating the consensus estimate of $0.19 by $0.01. O-I Glass had a negative net margin of 2.01% and a positive return on equity of 18.07%. The firm had revenue of $1.50 billion during the quarter, compared to analysts’ expectations of $1.52 billion. During the same quarter last year, the business earned ($0.05) earnings per share. The business’s revenue for the quarter was down 1.9% compared to the same quarter last year. Equities research analysts anticipate that O-I Glass will post 1.33 EPS for the current fiscal year.

Institutional Investors Weigh In On O-I Glass

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Vanguard Group Inc. grew its holdings in shares of O-I Glass by 3.7% during the third quarter. Vanguard Group Inc. now owns 19,349,218 shares of the industrial products company’s stock worth $250,959,000 after buying an additional 691,989 shares in the last quarter. Dimensional Fund Advisors LP grew its holdings in shares of O-I Glass by 3.4% during the fourth quarter. Dimensional Fund Advisors LP now owns 8,509,444 shares of the industrial products company’s stock worth $125,600,000 after buying an additional 277,205 shares in the last quarter. Alliancebernstein L.P. grew its holdings in shares of O-I Glass by 0.7% during the third quarter. Alliancebernstein L.P. now owns 7,996,786 shares of the industrial products company’s stock worth $103,718,000 after buying an additional 56,945 shares in the last quarter. Geode Capital Management LLC grew its holdings in shares of O-I Glass by 0.6% during the fourth quarter. Geode Capital Management LLC now owns 3,783,387 shares of the industrial products company’s stock worth $55,852,000 after buying an additional 22,430 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership grew its holdings in shares of O-I Glass by 288.7% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 3,215,632 shares of the industrial products company’s stock worth $47,463,000 after buying an additional 2,388,299 shares in the last quarter. 97.24% of the stock is currently owned by hedge funds and other institutional investors.

Key O-I Glass News

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

• Positive Sentiment: Truist cut its price target on O-I from $20 to $15 but kept a Buy rating — the firm still sees meaningful upside from current levels, which can support share demand from value/turnaround investors. Truist lowers PT to $15, maintains Buy (Benzinga)
• Neutral Sentiment: Analysts’ consensus across data services remains mixed-to-cautious (consensus “Hold” noted), implying no broad upgrade cycle to drive a sustained rally. Analysts give OI a consensus “Hold”
• Neutral Sentiment: A recent piece examines how energy costs and related pressures are shaping O‑I’s longer‑term strategy — strategic changes may help margins down the road but are not an immediate catalyst. Is O-I Glass using energy pressures to redraw strategy? (Yahoo Finance)
• Negative Sentiment: Zacks Research slashed multiple near‑term and FY estimates for O‑I (Q1/Q2 2026–2028 and FY2026–FY2027), trimmed full‑year forecasts and continues to carry a “Strong Sell” rating — these cuts increase downside risk by lowering forward earnings expectations. Zacks lowers multiple EPS estimates, maintains Strong Sell (MarketBeat)
• Negative Sentiment: Citigroup issued a pessimistic short‑term forecast for O‑I’s stock price, adding to selling pressure from institutional sentiment shifts. Citigroup issues pessimistic forecast (American Banking News)

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.