Brokerages Set O-I Glass, Inc. (NYSE:OI) Target Price at $13.57

Shares of O-I Glass, Inc. (NYSE:OI) have earned an average rating of “Hold” from the eight research firms that are presently covering the firm, MarketBeat.com reports. Two research analysts have rated the stock with a sell recommendation, two have given a hold recommendation and four have issued a buy recommendation on the company. The average 12 month price objective among analysts that have issued a report on the stock in the last year is $13.5714.

A number of equities research analysts have weighed in on the company. Zacks Research raised O-I Glass from a “strong sell” rating to a “hold” rating in a report on Monday, July 13th. Bank of America reissued an “underperform” rating and set a $11.00 price target on shares of O-I Glass in a report on Tuesday, July 14th. Royal Bank Of Canada dropped their price objective on O-I Glass from $14.00 to $11.00 and set an “outperform” rating for the company in a research report on Thursday, July 9th. Truist Financial reduced their price objective on O-I Glass from $14.00 to $13.00 and set a “buy” rating on the stock in a research note on Wednesday, July 15th. Finally, UBS Group decreased their target price on O-I Glass from $21.00 to $18.00 and set a “buy” rating on the stock in a research report on Friday, April 10th.

O-I Glass Stock Performance

Shares of O-I Glass stock opened at $9.04 on Friday. The company has a current ratio of 1.26, a quick ratio of 0.73 and a debt-to-equity ratio of 3.35. The company has a market cap of $1.39 billion, a PE ratio of -7.41, a price-to-earnings-growth ratio of 1.10 and a beta of 0.62. The company has a 50 day moving average of $9.04 and a 200-day moving average of $11.28. O-I Glass has a 1-year low of $7.75 and a 1-year high of $16.91.

O-I Glass (NYSE:OI) 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 analysts’ consensus estimates of $0.09 by ($0.04). O-I Glass had a negative net margin of 2.91% and a positive return on equity of 13.65%. The firm had revenue of $1.54 billion during the quarter, compared to the consensus estimate of $1.47 billion. During the same period last year, the business earned $0.40 earnings per share. The business’s revenue was down 1.7% compared to the same quarter last year. O-I Glass has set its FY 2026 guidance at 1.000-1.500 EPS. As a group, equities research analysts forecast that O-I Glass will post 1.14 earnings per share for the current fiscal year.

Insider Activity

In related news, SVP Randolph L. Burns purchased 11,000 shares of O-I Glass stock in a transaction dated Friday, May 8th. The shares were bought at an average cost of $9.32 per share, for a total transaction of $102,520.00. Following the purchase, the senior vice president owned 133,932 shares in the company, valued at approximately $1,248,246.24. This trade represents a 8.95% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Eduardo Restrepo purchased 3,309 shares of the firm’s stock in a transaction that occurred on Thursday, May 14th. The shares were bought 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 directly owned 94,199 shares in the company, valued at $845,907.02. The trade was a 3.64% increase in their position. The disclosure for this purchase is available in the SEC filing. In the last three months, insiders have purchased 17,083 shares of company stock worth $157,312. Corporate insiders own 1.00% of the company’s stock.

Institutional Trading of O-I Glass

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. PNC Financial Services Group Inc. lifted its stake in shares of O-I Glass by 1.9% in the 4th 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 grew its position in O-I Glass by 0.3% during the 4th quarter. Barclays PLC now owns 246,766 shares of the industrial products company’s stock worth $3,642,000 after acquiring an additional 755 shares during the last quarter. Farther Finance Advisors LLC grew its position in 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 acquiring an additional 830 shares during the last quarter. ProShare Advisors LLC increased its holdings in O-I Glass by 3.1% in 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 in the last quarter. Finally, Smartleaf Asset Management LLC increased its holdings in O-I Glass by 64.1% in the 2nd quarter. Smartleaf Asset Management LLC now owns 2,350 shares of the industrial products company’s stock worth $35,000 after purchasing an additional 918 shares in the last quarter. 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.