Shares of O-I Glass, Inc. (NYSE:OI – Get Free Report) were up 6.5% during mid-day trading on Wednesday . The company traded as high as $8.83 and last traded at $8.9960. Approximately 360,392 shares traded hands during mid-day trading, a decline of 86% from the average session volume of 2,506,183 shares. The stock had previously closed at $8.45.
O-I Glass News Roundup
Here are the key news stories impacting O-I Glass this week:
- Positive Sentiment: Zacks Research upgraded O-I Glass (OI) from “strong sell” to “hold,” which may have helped sentiment around the stock. Zacks Research upgrade
- Positive Sentiment: Zacks raised earnings estimates for multiple periods, including Q2 2026, Q4 2026, Q4 2027, and FY2027, suggesting improving expectations for the company’s profitability.
- Positive Sentiment: Truist Financial lowered its price target to $13 from $14 but kept a “buy” rating, implying meaningful upside remains from current levels. Truist price target update
- Neutral Sentiment: Bank of America reaffirmed an “underperform” rating and kept a cautious stance, reflecting ongoing concerns about weak demand and limited catalysts for a stronger re-rating. Bank of America reaffirmation
- Neutral Sentiment: Earlier reports noted BofA’s downgrade tied to weak demand and fewer near-term catalysts, which continues to weigh on sentiment even as some analysts turn more positive. BofA downgrade article
Analyst Upgrades and Downgrades
Several equities analysts have recently issued reports on the company. Weiss Ratings cut O-I Glass from a “sell (d-)” rating to a “sell (e+)” rating in a research note on Tuesday, June 30th. Truist Financial dropped their price target on O-I Glass from $14.00 to $13.00 and set a “buy” rating for the company in a research note on Wednesday. Zacks Research upgraded shares of O-I Glass from a “strong sell” rating to a “hold” rating in a report on Monday. Bank of America reissued an “underperform” rating and set a $11.00 price objective on shares of O-I Glass in a research report on Tuesday. Finally, Citigroup decreased their price objective on shares of O-I Glass from $12.00 to $10.00 and set a “neutral” rating for the company in a report on Monday, May 4th. Four research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat, O-I Glass currently has an average rating of “Hold” and a consensus target price of $13.57.
O-I Glass Price Performance
The stock has a market cap of $1.36 billion, a P/E ratio of -7.24, a price-to-earnings-growth ratio of 1.13 and a beta of 0.62. The firm has a 50-day moving average price of $9.01 and a 200-day moving average price of $11.61. The company has a debt-to-equity ratio of 3.35, a quick ratio of 0.73 and a current ratio of 1.26.
O-I Glass (NYSE:OI – Get Free Report) last released its quarterly earnings results on Tuesday, April 28th. The industrial products company reported $0.05 earnings per share for the quarter, missing the consensus estimate of $0.09 by ($0.04). The firm had revenue of $1.54 billion for the quarter, compared to the consensus estimate 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 company’s revenue for the quarter was down 1.7% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.40 earnings per share. O-I Glass has set its FY 2026 guidance at 1.000-1.500 EPS. On average, analysts forecast that O-I Glass, Inc. will post 1.17 earnings per share for the current fiscal year.
Insider Transactions at O-I Glass
In other O-I Glass news, SVP Randolph L. Burns bought 11,000 shares of O-I Glass stock in a transaction dated Friday, May 8th. The shares were purchased at an average cost of $9.32 per share, with a total value of $102,520.00. Following the transaction, the senior vice president directly owned 133,932 shares of the company’s stock, valued at $1,248,246.24. This represents a 8.95% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP Darrow A. Abrahams purchased 2,774 shares of the firm’s stock in a transaction that occurred on Monday, May 11th. The stock was acquired at an average price of $9.04 per share, with a total value of $25,076.96. Following the completion of the purchase, the senior vice president owned 235,928 shares in the company, valued at $2,132,789.12. This represents a 1.19% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Insiders have acquired 17,083 shares of company stock valued at $157,312 in the last three months. 1.00% of the stock is currently owned by company insiders.
Institutional Inflows and Outflows
A number of large investors have recently added to or reduced their stakes in OI. Royal Bank of Canada boosted its stake in O-I Glass by 33.9% during the 1st quarter. Royal Bank of Canada now owns 112,800 shares of the industrial products company’s stock valued at $1,294,000 after purchasing an additional 28,548 shares during the last quarter. AQR Capital Management LLC increased its holdings in O-I Glass by 154.0% in the 1st quarter. AQR Capital Management LLC now owns 177,117 shares of the industrial products company’s stock worth $1,993,000 after buying an additional 107,388 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in O-I Glass by 4.6% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 92,151 shares of the industrial products company’s stock worth $1,057,000 after buying an additional 4,055 shares in the last quarter. United Services Automobile Association purchased a new position in O-I Glass in the 1st quarter worth about $119,000. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its holdings in shares of O-I Glass by 43.9% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 526,279 shares of the industrial products company’s stock valued at $6,036,000 after acquiring an additional 160,649 shares during the last quarter. Hedge funds and other institutional investors own 97.24% of the company’s stock.
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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