Citigroup Has Lowered Expectations for O-I Glass (NYSE:OI) Stock Price

Key Points

• Citigroup cut its price target on O-I Glass from $12.00 to $10.00 and kept a "neutral" rating, implying roughly a 9.9% upside from the current share price.
• Shares slid about 4.2% to $9.10 after O-I reported an EPS miss of $0.05 versus $0.09 consensus, even as revenue beat and the company set FY2026 guidance of $1.00–$1.50 EPS.
• Analysts are mixed—MarketBeat shows a consensus "Hold" with an average target of $15.50—while the stock displays a negative P/E (-7.45), high leverage (debt/equity 3.35) and ~97% institutional ownership.

O-I Glass (NYSE:OI - Get Free Report) had its price target dropped by Citigroup from $12.00 to $10.00 in a report issued on Monday,Benzinga reports. The firm presently has a "neutral" rating on the industrial products company's stock. Citigroup's target price suggests a potential upside of 9.94% from the company's current price.

A number of other research analysts also recently issued reports on the company. Robert W. Baird set a $20.00 price objective on O-I Glass in a report on Thursday, February 12th. UBS Group reduced their price objective on shares of O-I Glass from $21.00 to $18.00 and set a "buy" rating for the company in a research note on Friday, April 10th. Truist Financial reaffirmed a "buy" rating and set a $14.00 price target (down from $15.00) on shares of O-I Glass in a research report on Thursday. Wall Street Zen downgraded shares of O-I Glass from a "buy" rating to a "hold" rating in a research report on Saturday, February 28th. Finally, Weiss Ratings reaffirmed a "sell (d-)" rating on shares of O-I Glass in a report on Tuesday, April 21st. One investment analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, two have assigned a Hold rating and two have issued a Sell rating to the company's stock. According to MarketBeat, the company currently has a consensus rating of "Hold" and an average target price of $15.50.

O-I Glass Trading Down 4.2%

Shares of NYSE OI traded down $0.39 during mid-day trading on Monday, hitting $9.10. The company's stock had a trading volume of 1,706,348 shares, compared to its average volume of 2,250,108. O-I Glass has a one year low of $8.00 and a one year high of $16.91. The company's fifty day simple moving average is $11.14 and its 200-day simple moving average is $13.14. 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 stock has a market cap of $1.39 billion, a price-to-earnings ratio of -7.45, a price-to-earnings-growth ratio of 1.19 and a beta of 0.65.

O-I Glass (NYSE:OI - Get Free Report) last posted its quarterly earnings results on Tuesday, April 28th. The industrial products company reported $0.05 earnings per share for the quarter, missing analysts' consensus estimates of $0.09 by ($0.04). O-I Glass had a positive return on equity of 13.65% and a negative net margin of 2.91%.The business had revenue of $1.54 billion for the quarter, compared to the consensus estimate of $1.47 billion. During the same period last year, the firm earned $0.40 earnings per share. The company's quarterly revenue was down 1.7% on a year-over-year basis. O-I Glass has set its FY 2026 guidance at 1.000-1.500 EPS. On average, sell-side analysts anticipate that O-I Glass will post 1.1 earnings per share for the current fiscal year.

Hedge Funds Weigh In On O-I Glass

Large investors have recently modified their holdings of the stock. Farther Finance Advisors LLC boosted its holdings in shares of O-I Glass by 87.6% during the 4th 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 acquired a new stake in O-I Glass during the second quarter worth approximately $29,000. Quarry LP acquired a new stake in O-I Glass during the fourth quarter worth approximately $32,000. Caitong International Asset Management Co. Ltd boosted its holdings 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 acquiring an additional 2,192 shares during the period. Finally, Smartleaf Asset Management LLC grew its position in shares of O-I Glass by 64.1% in the second quarter. Smartleaf Asset Management LLC now owns 2,350 shares of the industrial products company's stock valued at $35,000 after purchasing an additional 918 shares during the last quarter. 97.24% of the stock is owned by institutional investors.

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.

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