O-I Glass, Inc. (NYSE:OI – Get Free Report) has earned a consensus rating of “Hold” from the eight brokerages that are presently covering the company, Marketbeat.com reports. Two equities research analysts have rated the stock with a sell rating, two have issued a hold rating and four have assigned a buy rating to the company. The average 1 year price target among brokers that have issued ratings on the stock in the last year is $15.1429.
A number of analysts have commented on OI shares. Royal Bank Of Canada set a $14.00 target price on O-I Glass in a research report on Friday, April 17th. Citigroup dropped their price target on O-I Glass from $12.00 to $10.00 and set a “neutral” rating for the company in a research report on Monday, May 4th. UBS Group cut their price target on 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. Weiss Ratings lowered shares of O-I Glass from a “sell (d-)” rating to a “sell (e+)” rating in a research report on Tuesday, June 30th. Finally, Truist Financial reissued a “buy” rating and issued a $14.00 price objective (down from $15.00) on shares of O-I Glass in a research note on Thursday, April 30th.
O-I Glass Price Performance
O-I Glass (NYSE:OI – Get Free Report) last announced its quarterly earnings data 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). The firm had revenue of $1.54 billion during the quarter, compared to analyst estimates of $1.47 billion. O-I Glass had a negative net margin of 2.91% and a positive return on equity of 13.65%. The business’s quarterly revenue was down 1.7% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.40 earnings per share. 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.
Insider Activity at O-I Glass
In related news, SVP Eduardo Restrepo bought 3,309 shares of the stock in a transaction that occurred on Thursday, May 14th. The stock was purchased at an average cost of $8.98 per share, for a total transaction of $29,714.82. Following the completion of the acquisition, the senior vice president owned 94,199 shares in the company, valued at $845,907.02. This trade represents a 3.64% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP Darrow A. Abrahams acquired 2,774 shares of the stock in a transaction dated Monday, May 11th. The shares were bought at an average cost of $9.04 per share, with a total value of $25,076.96. Following the completion of the purchase, the senior vice president directly owned 235,928 shares in the company, valued at approximately $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. Insiders have purchased a total of 17,083 shares of company stock valued at $157,312 over the last quarter. Insiders own 1.00% of the company’s stock.
Hedge Funds Weigh In On O-I Glass
Several hedge funds and other institutional investors have recently bought and sold shares of OI. Farther Finance Advisors LLC lifted its stake in shares of O-I Glass by 87.6% in 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 in the last quarter. Headlands Technologies LLC acquired a new stake in O-I Glass during the 2nd quarter valued at approximately $29,000. Quarry LP acquired a new stake in O-I Glass during the 4th quarter valued at approximately $32,000. Caitong International Asset Management Co. Ltd grew its stake 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 valued at $32,000 after purchasing an additional 2,192 shares in the last quarter. Finally, State of Wyoming purchased a new stake in O-I Glass during the 2nd quarter worth approximately $35,000. 97.24% of the stock is owned by institutional investors and hedge funds.
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.
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