O-I Glass (NYSE:OI - Get Free Report) was downgraded by Zacks Research from a "hold" rating to a "strong sell" rating in a report issued 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.
A number of other equities analysts also recently issued reports on OI. UBS Group downgraded O-I Glass from a "buy" rating to a "neutral" rating and dropped their price target for the stock from $11.00 to $6.00 in a research note on Monday, October 5th. Weiss Ratings upgraded O-I Glass from a "sell (e+)" rating to a "sell (d-)" rating in a research report on Tuesday. Royal Bank Of Canada reduced their price objective on O-I Glass from $8.00 to $7.00 and set a "sector perform" rating for the company in a research report on Tuesday, October 13th. Wells Fargo & Company lowered their target price on 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, Truist Financial dropped their target price on O-I Glass from $8.00 to $7.00 and set a "buy" rating on the stock in a research report on Thursday, October 29th. Three investment analysts have rated the stock with a Buy rating, three have assigned a Hold rating and three have assigned a Sell rating to the company. According to MarketBeat.com, the stock presently has an average rating of "Hold" and an average price target of $8.81.
Get Our Latest Stock Report on O-I Glass
O-I Glass Stock Performance
O-I Glass stock traded up $0.09 during midday trading on Thursday, reaching $4.96. 3,105,204 shares of the company traded hands, compared to its average volume of 4,322,020. The firm has a market capitalization of $764.31 million, a price-to-earnings ratio of -0.64, a price-to-earnings-growth ratio of 44.69 and a beta of 0.75. The business has a 50 day moving average of $5.87 and a two-hundred day moving average of $9.02. O-I Glass has a 12 month low of $4.83 and a 12 month high of $16.91. The company has a debt-to-equity ratio of 8.84, a current ratio of 1.28 and a quick ratio of 0.80.
O-I Glass (NYSE:OI - Get Free Report) last issued its earnings results on Tuesday, October 27th. The industrial products company reported ($0.09) earnings per share (EPS) for the quarter, missing the consensus estimate 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 during the quarter, compared to analysts' expectations of $1.64 billion. During the same quarter in the prior year, the business posted $0.48 EPS. The company's revenue for the quarter was down 1.8% compared to the same quarter last year. As a group, research analysts predict that O-I Glass will post 0.01 earnings per share for the current year.
Institutional Investors Weigh In On O-I Glass
A number of hedge funds have recently modified their holdings of the business. BlackRock Inc. purchased a new stake in shares of O-I Glass in the 2nd quarter worth $225,727,000. Dimensional Fund Advisors LP lifted its position in O-I Glass by 8.6% during the first quarter. Dimensional Fund Advisors LP now owns 9,238,635 shares of the industrial products company's stock valued at $97,094,000 after purchasing an additional 729,191 shares in the last quarter. Cooper Creek Partners Management LLC grew its holdings in O-I Glass by 73.8% during the first 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 purchasing an additional 2,975,181 shares during the period. Arrowstreet Capital Limited Partnership grew its holdings in O-I Glass by 32.1% during the first quarter. Arrowstreet Capital Limited Partnership now owns 4,246,337 shares of the industrial products company's stock valued at $44,629,000 after purchasing an additional 1,030,705 shares during the period. Finally, Private Management Group Inc. grew its holdings in O-I Glass by 33.8% during the third quarter. Private Management Group Inc. now owns 4,125,555 shares of the industrial products company's stock valued at $23,309,000 after purchasing an additional 1,041,862 shares during the period. Institutional investors own 97.24% of the company's stock.
More O-I Glass News
Investors following OI have been watching these news items:
- 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
O-I Glass Company Profile
(
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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.
Further Reading
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