O-I Glass (NYSE:OI) Downgraded by Zacks Research to “Strong Sell”

Zacks Research cut shares of O-I Glass (NYSE:OI) from a hold rating to a strong sell rating in a report published on Thursday,Zacks reports. Zacks Research also issued estimates for O-I Glass’ Q4 2026 earnings at ($0.01) EPS, FY2026 earnings at $0.04 EPS, Q1 2027 earnings at $0.16 EPS, Q2 2027 earnings at $0.29 EPS, Q3 2027 earnings at $0.33 EPS, Q4 2027 earnings at $0.08 EPS, FY2027 earnings at $0.86 EPS, Q1 2028 earnings at $0.70 EPS, Q2 2028 earnings at $0.73 EPS and Q3 2028 earnings at $0.68 EPS.

Other analysts also recently issued reports about the company. Royal Bank Of Canada dropped their price objective on O-I Glass from $8.00 to $7.00 and set a “sector perform” rating for the company in a report on Tuesday, October 13th. UBS Group cut O-I Glass from a “buy” rating to a “neutral” rating and reduced their target price for the company from $11.00 to $6.00 in a report on Monday, October 5th. Truist Financial lowered their price target on O-I Glass from $8.00 to $7.00 and set a “buy” rating for the company in a research report on Thursday, October 29th. Weiss Ratings raised O-I Glass from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Tuesday. Finally, BNP Paribas Exane cut O-I Glass from an “outperform” rating to a “neutral” rating and set a $8.50 target price for the company. in a report on Thursday, July 30th. Three equities research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and three have issued a Sell rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $8.81.

O-I Glass Trading Up 1.7%

Shares of OI stock traded up $0.09 during trading hours on Thursday, hitting $4.96. 3,105,204 shares of the company were exchanged, compared to its average volume of 4,322,020. The firm has a fifty day moving average of $5.87 and a 200 day moving average of $9.02. The company has a quick ratio of 0.80, a current ratio of 1.28 and a debt-to-equity ratio of 8.84. O-I Glass has a 1 year low of $4.83 and a 1 year high of $16.91. 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.

O-I Glass (NYSE:OI) last released its earnings results 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). O-I Glass had a negative net margin of 18.89% and a positive return on equity of 3.74%. The company had revenue of $1.62 billion during the quarter, compared to analysts’ expectations of $1.64 billion. During the same quarter in the previous year, the firm posted $0.48 earnings per share. O-I Glass’s revenue for the quarter was down 1.8% compared to the same quarter last year. Analysts expect that O-I Glass will post 0.01 earnings per share for the current year.

Institutional Trading of O-I Glass

Large investors have recently added to or reduced their stakes in the stock. Amundi boosted its position in O-I Glass by 1.1% during the 1st quarter. Amundi now owns 169,728 shares of the industrial products company’s stock valued at $1,785,000 after purchasing an additional 1,841 shares during the period. Optiver Holding B.V. increased its position in O-I Glass by 491.5% in the first quarter. Optiver Holding B.V. now owns 2,496 shares of the industrial products company’s stock worth $26,000 after buying an additional 2,074 shares during the period. Wealth Enhancement Trust Services Inc. increased its position in O-I Glass by 57.3% in the third quarter. Wealth Enhancement Trust Services Inc. now owns 5,825 shares of the industrial products company’s stock worth $33,000 after buying an additional 2,121 shares during the period. EverSource Wealth Advisors LLC lifted its stake in O-I Glass by 29.2% in the first quarter. EverSource Wealth Advisors LLC now owns 11,038 shares of the industrial products company’s stock valued at $116,000 after buying an additional 2,495 shares during the last quarter. Finally, Parallel Advisors LLC lifted its stake in O-I Glass by 71.5% in the third quarter. Parallel Advisors LLC now owns 6,263 shares of the industrial products company’s stock valued at $35,000 after buying an additional 2,611 shares during the last quarter. 97.24% of the stock is currently owned by institutional investors and hedge funds.

Top O-I Glass Stories

Investors following OI have been watching these stories:

• 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

About O-I Glass

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.