O-I Glass, Inc. (NYSE:OI) Given Average Rating of "Hold" by Brokerages

Key Points

• O-I Glass has a consensus analyst rating of "Hold" from eight research firms, with an average 12-month price target of about $15.14. Analyst opinions are mixed, with two sells, two holds, and four buys.
• Recent insider activity has been bullish, as senior vice presidents Eduardo Restrepo and Randolph L. Burns bought shares in May. Insiders purchased 17,083 shares over the last 90 days, though insider ownership remains low at 1.00%.
• The company most recently posted mixed quarterly results, with EPS of $0.05 missing estimates but revenue of $1.54 billion beating forecasts. O-I Glass also reported a negative net margin and carries relatively high leverage, with a debt-to-equity ratio of 3.35.

O-I Glass, Inc. (NYSE:OI - Get Free Report) has received a consensus recommendation of "Hold" from the eight research firms that are covering the firm, Marketbeat Ratings reports. Two investment analysts have rated the stock with a sell rating, two have assigned a hold rating and four have assigned a buy rating to the company. The average twelve-month target price among brokers that have updated their coverage on the stock in the last year is $15.1429.

Several equities research analysts have recently weighed in on the company. Zacks Research downgraded O-I Glass from a "hold" rating to a "strong sell" rating in a report on Tuesday, March 3rd. UBS Group decreased their price objective on O-I Glass from $21.00 to $18.00 and set a "buy" rating for the company in a report on Friday, April 10th. Truist Financial reissued a "buy" rating and issued a $14.00 price objective (down from $15.00) on shares of O-I Glass in a report on Thursday, April 30th. Weiss Ratings raised O-I Glass from a "sell (e+)" rating to a "sell (d-)" rating in a report on Thursday, June 11th. Finally, Citigroup decreased their price objective on O-I Glass from $12.00 to $10.00 and set a "neutral" rating for the company in a report on Monday, May 4th.

Insider Activity

In related news, SVP Eduardo Restrepo purchased 3,309 shares of the firm's stock in a transaction that occurred on Thursday, May 14th. The stock was purchased at an average cost of $8.98 per share, with a total value of $29,714.82. Following the completion of the acquisition, the senior vice president directly owned 94,199 shares in the company, valued at $845,907.02. This trade represents a 3.64% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through this link. Also, SVP Randolph L. Burns purchased 11,000 shares of the firm's stock in a transaction that occurred on Friday, May 8th. The shares were bought at an average cost of $9.32 per share, with a total value of $102,520.00. Following the completion of the acquisition, the senior vice president owned 133,932 shares of the company's stock, valued at approximately $1,248,246.24. This trade represents a 8.95% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Over the last ninety days, insiders bought 17,083 shares of company stock valued at $157,312. 1.00% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On O-I Glass

Several hedge funds have recently modified their holdings of OI. Royal Bank of Canada lifted its holdings in shares of O-I Glass by 33.9% during the first quarter. Royal Bank of Canada now owns 112,800 shares of the industrial products company's stock worth $1,294,000 after purchasing an additional 28,548 shares during the period. AQR Capital Management LLC lifted its holdings in shares of O-I Glass by 154.0% during the first quarter. AQR Capital Management LLC now owns 177,117 shares of the industrial products company's stock worth $1,993,000 after purchasing an additional 107,388 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in shares of O-I Glass by 4.6% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 92,151 shares of the industrial products company's stock worth $1,057,000 after purchasing an additional 4,055 shares during the period. United Services Automobile Association acquired a new stake in shares of O-I Glass during the first quarter worth $119,000. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its holdings in shares of O-I Glass by 43.9% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 526,279 shares of the industrial products company's stock worth $6,036,000 after purchasing an additional 160,649 shares during the period. 97.24% of the stock is owned by institutional investors and hedge funds.

O-I Glass Price Performance

OI stock opened at $9.70 on Monday. The company has a market capitalization of $1.49 billion, a P/E ratio of -7.95, a PEG ratio of 1.11 and a beta of 0.64. O-I Glass has a twelve month low of $7.75 and a twelve month high of $16.91. The business has a 50 day simple moving average of $9.16 and a 200-day simple moving average of $12.06. The company has a current ratio of 1.26, a quick ratio of 0.73 and a debt-to-equity ratio of 3.35.

O-I Glass (NYSE:OI - Get Free Report) last posted its quarterly earnings data on Tuesday, April 28th. The industrial products company reported $0.05 earnings per share for the quarter, missing the consensus estimate of $0.09 by ($0.04). The firm had revenue of $1.54 billion during the quarter, compared to analyst estimates 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 was down 1.7% compared to the same quarter last year. During the same period in the previous year, the company posted $0.40 earnings per share. O-I Glass has set its FY 2026 guidance at 1.000-1.500 EPS. As a group, equities analysts anticipate that O-I Glass will post 1.2 EPS for the current year.

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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