O-I Glass (NYSE:OI) Given New $10.00 Price Target at Truist Financial

O-I Glass (NYSE:OI) had its price target cut by Truist Financial from $13.00 to $10.00 in a report released on Thursday,Benzinga reports. They currently have a buy rating on the industrial products company’s stock.

Several other analysts have also weighed in on the stock. Bank of America reiterated an “underperform” rating and issued a $11.00 price objective on shares of O-I Glass in a research note on Tuesday, July 14th. Wells Fargo & Company reduced their price target on shares of O-I Glass from $13.00 to $12.00 and set an “overweight” rating for the company in a report on Wednesday, July 15th. Royal Bank Of Canada decreased their price target on shares of O-I Glass from $14.00 to $11.00 and set an “outperform” rating for the company in a research note on Thursday, July 9th. Citigroup dropped their price objective on shares of O-I Glass from $12.00 to $10.00 and set a “neutral” rating on the stock in a report on Monday, May 4th. Finally, Weiss Ratings raised shares of O-I Glass from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Wednesday, July 15th. Four analysts have rated the stock with a Buy rating, three have assigned a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, O-I Glass has a consensus rating of “Hold” and an average target price of $10.81.

O-I Glass Trading Down 4.4%

NYSE OI opened at $7.37 on Thursday. The stock has a market capitalization of $1.13 billion, a P/E ratio of -0.98, a P/E/G ratio of 0.93 and a beta of 0.62. The business has a 50 day simple moving average of $9.01 and a 200 day simple moving average of $11.08. The company has a debt-to-equity ratio of 8.89, a current ratio of 1.26 and a quick ratio of 0.73. O-I Glass has a one year low of $7.19 and a one year high of $16.91.

O-I Glass (NYSE:OI) last issued its quarterly earnings results on Tuesday, July 28th. The industrial products company reported $0.09 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.24 by ($0.15). The business had revenue of $1.67 billion during the quarter, compared to analyst estimates of $1.68 billion. O-I Glass had a negative net margin of 18.13% and a positive return on equity of 10.40%. O-I Glass’s quarterly revenue was down 2.2% compared to the same quarter last year. During the same period last year, the firm posted $0.53 earnings per share. Research analysts expect that O-I Glass will post 1.14 earnings per share for the current year.

Insider Activity

In other O-I Glass news, SVP Randolph L. Burns bought 11,000 shares of the firm’s stock in a transaction dated Friday, May 8th. The stock was bought at an average cost of $9.32 per share, with a total value of $102,520.00. Following the completion of the transaction, the senior vice president directly owned 133,932 shares in the company, valued at approximately $1,248,246.24. The trade was a 8.95% increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through this link. Also, SVP Darrow A. Abrahams bought 2,774 shares of the stock in a transaction that occurred on Monday, May 11th. The stock was acquired at an average price of $9.04 per share, for a total transaction of $25,076.96. Following the acquisition, the senior vice president directly owned 235,928 shares in the company, valued at $2,132,789.12. The trade was a 1.19% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Insiders acquired 17,083 shares of company stock worth $157,312 over the last three months. 1.00% of the stock is currently owned by insiders.

Hedge Funds Weigh In On O-I Glass

A number of hedge funds have recently added to or reduced their stakes in OI. Farther Finance Advisors LLC raised 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 purchasing an additional 830 shares during the last quarter. Headlands Technologies LLC purchased a new position in shares of O-I Glass during the second quarter valued at approximately $29,000. Quarry LP purchased a new position in shares of O-I Glass during the fourth quarter valued at approximately $32,000. Caitong International Asset Management Co. Ltd grew its holdings in O-I Glass by 36,533.3% during the fourth quarter. Caitong International Asset Management Co. Ltd now owns 2,198 shares of the industrial products company’s stock worth $32,000 after buying an additional 2,192 shares in the last quarter. Finally, State of Wyoming bought a new stake in O-I Glass during the second quarter worth $35,000. Institutional investors and hedge funds own 97.24% of the company’s stock.

Trending Headlines about O-I Glass

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

• Positive Sentiment: UBS lowered its price target from $15 to $11 but retained a Buy rating, implying substantial potential upside from current levels. Benzinga article
• Positive Sentiment: Management highlighted strategic wins during the second-quarter earnings call, which could support longer-term growth if execution improves, despite near-term weakness in Europe. O-I Glass Q2 2026 earnings call highlights
• Neutral Sentiment: Truist also maintained a Buy rating while cutting its price target from $13 to $10, reflecting analysts’ continued confidence in the valuation but reduced near-term earnings expectations. Benzinga article
• Neutral Sentiment: Some coverage argues that O-I Glass now trades at a discounted valuation after a substantial decline, though the investment case depends on a recovery in operating performance. O-I Glass valuation analysis
• Negative Sentiment: O-I Glass recorded an $873 million goodwill impairment, producing a large second-quarter net loss and raising concerns about the value of prior acquisitions and the company’s outlook. O-I Glass goodwill impairment report
• Negative Sentiment: Adjusted earnings per share came in at $0.09 versus analysts’ $0.24 consensus, while revenue declined 2.2% year over year to $1.67 billion. Weak European demand was identified as a key driver of the miss. O-I Glass earnings miss report
• Negative Sentiment: The company cut full-year guidance for the second consecutive quarter, prompting an investor investigation notice and further undermining confidence in management’s forecasts. O-I Glass investigation notice

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.