Brokerages Set O-I Glass, Inc. (NYSE:OI) Target Price at $15.50

O-I Glass, Inc. (NYSE:OI) has received an average rating of “Hold” from the nine ratings firms that are covering the company, MarketBeat reports. Two research analysts have rated the stock with a sell recommendation, two have issued a hold recommendation, four have given a buy recommendation and one has issued a strong buy recommendation on the company. The average twelve-month price objective among brokers that have updated their coverage on the stock in the last year is $15.50.

Several research analysts recently weighed in on OI shares. Royal Bank Of Canada set a $14.00 price objective on O-I Glass in a research report on Friday, April 17th. Weiss Ratings reiterated a “sell (d-)” rating on shares of O-I Glass in a research report on Tuesday, April 21st. Citigroup lowered their price objective on O-I Glass from $12.00 to $10.00 and set a “neutral” rating for the company in a research report on Monday, May 4th. Wells Fargo & Company lowered O-I Glass from an “overweight” rating to an “equal weight” rating and lowered their price objective for the stock from $18.00 to $13.00 in a research report on Friday, March 20th. Finally, Wall Street Zen lowered O-I Glass from a “buy” rating to a “hold” rating in a research report on Saturday, February 28th.

Insider Activity at O-I Glass

In other O-I Glass news, SVP Randolph L. Burns acquired 11,000 shares of the stock in a transaction that occurred on Friday, May 8th. The stock was bought at an average cost of $9.32 per share, for a total transaction of $102,520.00. Following the completion of the transaction, the senior vice president owned 133,932 shares of the company’s stock, valued at approximately $1,248,246.24. The trade was a 8.95% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, SVP Darrow A. Abrahams acquired 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, with a total value of $25,076.96. Following the completion of the transaction, the senior vice president directly owned 235,928 shares of the company’s stock, valued at $2,132,789.12. This trade represents a 1.19% increase in their position. The SEC filing for this purchase provides additional information. Corporate insiders own 1.00% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the company. Farther Finance Advisors LLC boosted its position in shares of O-I Glass by 87.6% during the fourth quarter. Farther Finance Advisors LLC now owns 1,778 shares of the industrial products company’s stock worth $26,000 after buying an additional 830 shares during the period. Headlands Technologies LLC purchased a new position in shares of O-I Glass during the second quarter worth $29,000. Quarry LP purchased a new position in shares of O-I Glass during the fourth quarter worth $32,000. Caitong International Asset Management Co. Ltd boosted its position in shares of 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 during the period. Finally, State of Wyoming purchased a new position in shares of O-I Glass during the second quarter worth $35,000. 97.24% of the stock is currently owned by hedge funds and other institutional investors.

O-I Glass Price Performance

OI stock opened at $8.88 on Friday. The company has a debt-to-equity ratio of 3.35, a current ratio of 1.26 and a quick ratio of 0.73. The business has a 50 day simple moving average of $10.37 and a 200-day simple moving average of $12.96. The firm has a market capitalization of $1.36 billion, a PE ratio of -7.27, a price-to-earnings-growth ratio of 1.03 and a beta of 0.65. O-I Glass has a 1 year low of $8.00 and a 1 year high of $16.91.

O-I Glass (NYSE:OI) last posted its quarterly earnings results 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). The company had revenue of $1.54 billion during the quarter, compared to analysts’ expectations of $1.47 billion. O-I Glass had a negative net margin of 2.91% and a positive return on equity of 13.65%. O-I Glass’s revenue for the quarter was down 1.7% on a year-over-year basis. During the same quarter last year, the company earned $0.40 earnings per share. O-I Glass has set its FY 2026 guidance at 1.000-1.500 EPS. Equities research analysts anticipate that O-I Glass will post 1.2 earnings per share for the current fiscal year.

Trending Headlines about O-I Glass

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

• Negative Sentiment: Zacks Research lowered its EPS forecasts across several future quarters for O-I Glass, signaling weaker expected earnings growth and adding to bearish pressure on the stock.
• Negative Sentiment: The firm maintained a “Strong Sell” rating, which may further discourage buyers and keep the shares under selling pressure. O-I Glass stock page
• Positive Sentiment: Recent unusual options activity showed heavy call buying in OI, which can sometimes signal speculative optimism or a possible rebound trade.
• Positive Sentiment: Insider buying by SVP Darrow Abrahams may be viewed as a vote of confidence in the company’s long-term value.
• Neutral Sentiment: O-I Glass recently beat revenue estimates in its latest quarter, though EPS came in below expectations, leaving the market with mixed fundamental signals.

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.