O-I Glass (NYSE:OI) Stock Gets Price Target Trim from Truist Financial

O-I Glass (NYSE:OI) had its price target reduced by Truist Financial from $8.00 to $7.00 in a research report sent to investors on Thursday,Benzinga reports. They currently have a buy rating on the industrial products company’s stock.

Several other brokerages also recently commented on OI. Zacks Research raised shares of O-I Glass from a “strong sell” rating to a “hold” rating in a report on Monday, July 13th. Weiss Ratings lowered shares of O-I Glass from a “sell (d-)” rating to a “sell (e+)” rating in a research note on Wednesday, October 21st. BNP Paribas Exane cut shares of O-I Glass from an “outperform” rating to a “neutral” rating and set a $8.50 price target on the stock. in a report on Thursday, July 30th. UBS Group cut shares of O-I Glass from a “buy” rating to a “neutral” rating and lowered their price target for the company from $11.00 to $6.00 in a report on Monday, October 5th. Finally, Bank of America downgraded shares of O-I Glass from a “buy” rating to an “underperform” rating and set a $11.00 price objective for the company. in a research report on Tuesday, July 14th. Three analysts have rated the stock with a Buy rating, four have assigned a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $8.81.

O-I Glass Stock Down 4.0%

OI opened at $5.08 on Thursday. The stock’s fifty day simple moving average is $6.28 and its 200 day simple moving average is $9.53. O-I Glass has a 1-year low of $5.00 and a 1-year high of $16.91. The stock has a market cap of $782.02 million, a PE ratio of -0.65, a price-to-earnings-growth ratio of 1.97 and a beta of 0.68. The company has a current ratio of 1.28, a quick ratio of 0.77 and a debt-to-equity ratio of 8.84.

O-I Glass (NYSE:OI) last released its quarterly earnings data on Tuesday, October 27th. The industrial products company reported ($0.09) EPS for the quarter, missing analysts’ consensus estimates of $0.16 by ($0.25). O-I Glass had a positive return on equity of 3.74% and a negative net margin of 18.89%. The company had revenue of $1.62 billion for the quarter, compared to the consensus estimate of $1.64 billion. During the same period last year, the firm earned $0.48 earnings per share. The company’s revenue for the quarter was down 1.8% compared to the same quarter last year. As a group, research analysts expect that O-I Glass will post 0.06 earnings per share for the current year.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in OI. BlackRock Inc. bought a new position in O-I Glass in the 2nd quarter valued at about $225,727,000. Dimensional Fund Advisors LP raised its position in shares of O-I Glass by 8.6% in the 1st quarter. Dimensional Fund Advisors LP now owns 9,238,635 shares of the industrial products company’s stock valued at $97,094,000 after buying an additional 729,191 shares in the last quarter. Cooper Creek Partners Management LLC raised its position in shares of O-I Glass by 73.8% in the 1st quarter. Cooper Creek Partners Management LLC now owns 7,006,293 shares of the industrial products company’s stock valued at $73,636,000 after buying an additional 2,975,181 shares in the last quarter. Arrowstreet Capital Limited Partnership raised its position in shares of O-I Glass by 32.1% in the 1st quarter. Arrowstreet Capital Limited Partnership now owns 4,246,337 shares of the industrial products company’s stock valued at $44,629,000 after buying an additional 1,030,705 shares in the last quarter. Finally, Bank of America Corp DE lifted its holdings in shares of O-I Glass by 15.6% during the 1st quarter. Bank of America Corp DE now owns 3,563,497 shares of the industrial products company’s stock worth $37,452,000 after acquiring an additional 479,608 shares during the period. 97.24% of the stock is owned by institutional investors.

Key O-I Glass News

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

• Positive Sentiment: Citigroup and Truist Financial maintained buy ratings, although they reduced their price targets to $8 and $7, respectively. These targets still imply substantial upside from recent trading levels. Citigroup analyst update Truist analyst update
• Neutral Sentiment: O-I Glass updated its 2026 adjusted EBITDA outlook to $925 million-$950 million and continues to target at least $650 million in cumulative benefits from its Fit to Win program by the end of 2027. Execution against these targets will be important for restoring investor confidence. O-I Glass EBITDA outlook
• Negative Sentiment: Recent results missed expectations: O-I Glass reported a quarterly loss of $0.09 per share versus the consensus expectation of $0.16 in earnings, while revenue declined 1.8% year over year to $1.62 billion. Reports also point to a weaker 2026 outlook, adding to concerns about operating performance. O-I Glass weaker results and outlook
• Negative Sentiment: Multiple law firms announced or promoted a securities class action covering investors who purchased O-I Glass securities from March 14, 2025, through July 28, 2026. The complaints allege that the company and certain executives made misleading statements or failed to disclose adverse developments involving the Fit to Win program and its 2026 financial outlook. The lead-plaintiff deadline is December 28, 2026. O-I Glass class action announcement

About O-I Glass

O-I Glass, Inc is a global manufacturer of glass packaging products. The company produces glass bottles and jars primarily for the food, beverage, beer, wine, spirits, and pharmaceutical industries, serving brand owners and consumer-products companies.

Its products are designed to provide packaging, preservation, and presentation for a range of consumer goods. O-I also offers glass packaging in various shapes, sizes, and colors, including custom solutions developed for individual brands.

The company traces its history to the Owens Bottle Company, founded in 1903, and the Illinois Glass Company.