O-I Glass (NYSE:OI) Upgraded to Hold at BNP Paribas Exane

BNP Paribas Exane upgraded shares of O-I Glass (NYSE:OI) to a hold rating in a research note issued to investors on Thursday,Zacks.com reports.

Other research analysts have also issued reports about the stock. Robert W. Baird set a $13.00 target price on shares of O-I Glass in a research report on Thursday. Citigroup dropped 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. Zacks Research upgraded O-I Glass from a “strong sell” rating to a “hold” rating in a report on Monday, July 13th. Royal Bank Of Canada cut their price objective on shares of O-I Glass from $14.00 to $11.00 and set an “outperform” rating on the stock in a report on Thursday, July 9th. Finally, Weiss Ratings raised O-I Glass from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Wednesday, July 15th. Four equities research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $10.81.

O-I Glass Stock Performance

Shares of OI stock opened at $7.37 on Thursday. The firm has a market cap of $1.13 billion, a price-to-earnings ratio of -0.98, a PEG ratio of 0.93 and a beta of 0.62. The company has a debt-to-equity ratio of 8.89, a quick ratio of 0.73 and a current ratio of 1.26. O-I Glass has a 1 year low of $7.19 and a 1 year high of $16.91. The stock’s 50-day moving average is $9.01 and its two-hundred day moving average is $11.08.

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

Insider Buying and Selling at O-I Glass

In related news, SVP Eduardo Restrepo acquired 3,309 shares of the stock in a transaction that occurred on Thursday, May 14th. The stock was purchased at an average cost of $8.98 per share, for a total transaction of $29,714.82. Following the purchase, the senior vice president directly owned 94,199 shares in the company, valued at $845,907.02. This represents a 3.64% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is accessible through this link. Also, SVP Darrow A. Abrahams bought 2,774 shares of the firm’s stock in a transaction on Monday, May 11th. The stock was purchased at an average price of $9.04 per share, with a total value of $25,076.96. Following the transaction, the senior vice president owned 235,928 shares in the company, valued at $2,132,789.12. The trade was a 1.19% increase in their position. The SEC filing for this purchase provides additional information. Insiders purchased a total of 17,083 shares of company stock worth $157,312 over the last ninety days. Company insiders own 1.00% of the company’s stock.

Institutional Investors Weigh In On O-I Glass

A number of institutional investors and hedge funds have recently modified their holdings of OI. Farther Finance Advisors LLC boosted its holdings 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 purchasing an additional 830 shares during the period. Headlands Technologies LLC acquired a new position in O-I Glass during the second quarter worth $29,000. Quarry LP bought a new position in shares of O-I Glass in the 4th quarter valued at approximately $32,000. Caitong International Asset Management Co. Ltd lifted its stake in shares of O-I Glass by 36,533.3% in 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 last quarter. Finally, State of Wyoming acquired a new position in O-I Glass during the 2nd quarter worth $35,000. 97.24% of the stock is owned by institutional investors and hedge funds.

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.