O-I Glass (NYSE:OI) Sets New 1-Year Low Following Analyst Downgrade

O-I Glass, Inc. (NYSE:OI) shares hit a new 52-week low during trading on Friday after Zacks Research downgraded the stock from a hold rating to a strong sell rating. The company traded as low as $4.84 and last traded at $4.8450, with a volume of 308,559 shares. The stock had previously closed at $4.88.

Several other research analysts have also recently issued reports on OI. Royal Bank Of Canada cut their target price on O-I Glass from $8.00 to $7.00 and set a “sector perform” rating on the stock in a research report on Tuesday, October 13th. UBS Group lowered 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 research report on Monday, October 5th. Truist Financial dropped their price objective on O-I Glass from $8.00 to $7.00 and set a “buy” rating on the stock in a research note on Thursday, October 29th. Wells Fargo & Company cut their price objective on shares of O-I Glass from $12.00 to $10.00 and set an “overweight” rating on the stock in a report on Monday, October 19th. Finally, Citigroup cut their price objective on shares of O-I Glass from $9.00 to $8.00 and set a “buy” rating on the stock in a report on Thursday, October 29th. Three research analysts have rated the stock with a Buy rating, three have issued a Hold rating and three have given a Sell rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $8.81.

Key O-I Glass News

These are some of the OI news items that stood out recently:

• Positive Sentiment: Zacks Research modestly raised its Q2 2028 earnings-per-share estimate to $0.73 from $0.71, offering a limited positive offset. O-I Glass analyst estimates
• Neutral Sentiment: Several law firms reiterated that December 28, 2026 is the deadline to seek lead-plaintiff status in a securities class action covering investors who bought O-I Glass shares from March 14, 2025 through July 28, 2026. These notices largely repeat previously announced litigation information. Lead-plaintiff deadline notice
• Negative Sentiment: The securities lawsuit alleges O-I Glass made misleading statements or omissions about its 2026 outlook and Fit to Win program. The claims are allegations, not established findings, but the litigation creates legal and reputational uncertainty. Lawsuit allegations and deadline

Hedge Funds Weigh In On O-I Glass

Several hedge funds have recently made changes to their positions in the stock. BlackRock Inc. purchased a new position in shares of O-I Glass in the second quarter worth $225,727,000. Bank of America Corp DE bought a new stake in O-I Glass during the 2nd quarter valued at $33,436,000. Cooper Creek Partners Management LLC boosted its position in O-I Glass by 73.8% during 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 during the period. Edmond DE Rothschild Holding S.A. purchased a new stake in O-I Glass during the 2nd quarter valued at $19,260,000. Finally, Bank of New York Mellon Corp purchased a new stake in O-I Glass during the 2nd quarter valued at $10,046,000. 97.24% of the stock is currently owned by hedge funds and other institutional investors.

O-I Glass Stock Up 1.7%

The firm has a market cap of $764.31 million, a PE ratio of -0.64, a PEG ratio of 44.69 and a beta of 0.75. The company has a debt-to-equity ratio of 8.84, a quick ratio of 0.80 and a current ratio of 1.28. The company’s 50-day simple moving average is $5.87 and its two-hundred day simple moving average is $9.02.

O-I Glass (NYSE:OI) last released its quarterly earnings data on Tuesday, October 27th. The industrial products company reported ($0.09) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.16 by ($0.25). The firm had revenue of $1.62 billion during the quarter, compared to analysts’ expectations of $1.64 billion. O-I Glass had a negative net margin of 18.89% and a positive return on equity of 3.74%. O-I Glass’s revenue was down 1.8% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.48 EPS. On average, analysts predict that O-I Glass, Inc. will post 0.01 earnings per share for the current fiscal year.

O-I Glass Company Profile

O-I Glass, Inc. manufactures glass containers for food and beverage brands. Its products include bottles and jars used for beer, wine, spirits, nonalcoholic beverages, and food, serving customers across consumer and industrial markets. The company traces its roots to the Owens Bottle Company, established in 1903 by glassmaking innovator Michael J. Owens. It later became Owens-Illinois and adopted the O-I Glass name in 2020. O-I Glass serves customers in the Americas and Europe, with operations and sales activities across multiple countries.