O-I Glass, Inc. (NYSE:OI) Receives Consensus Rating of "Hold" from Analysts

Key Points

• Consensus "Hold": Ten analysts give O-I Glass an average rating of Hold (2 sells, 3 holds, 4 buys, 1 strong buy) with an average 12‑month target of $17.56.
• Heavy institutional ownership: Institutional investors and hedge funds own about 97.24% of the shares, with recent notable moves including Invesco boosting its stake and HSBC increasing its position by 330.1% in Q4.
• Mixed fundamentals and recent results: the stock opened at $9.85 (52‑week range $9.23–$16.91) with a $1.5B market cap, high leverage (debt/equity 3.35), a slight quarterly EPS beat ($0.20 vs. $0.19) but revenue down 1.9% year‑over‑year and a negative net margin.

O-I Glass, Inc. (NYSE:OI - Get Free Report) has been given an average recommendation of "Hold" by the ten analysts that are covering the stock, Marketbeat Ratings reports. Two analysts have rated the stock with a sell recommendation, three have issued a hold recommendation, four have given a buy recommendation and one has given a strong buy recommendation to the company. The average twelve-month target price among analysts that have issued ratings on the stock in the last year is $17.5556.

A number of equities research analysts have issued reports on the company. Robert W. Baird set a $20.00 price target on O-I Glass in a research report on Thursday, February 12th. Royal Bank Of Canada lowered their price objective on O-I Glass from $19.00 to $18.00 and set an "outperform" rating for the company in a research report on Thursday, February 26th. Wells Fargo & Company lowered shares of O-I Glass from an "overweight" rating to an "equal weight" rating and cut their target price for the stock from $18.00 to $13.00 in a research note on Friday. Wall Street Zen cut shares of O-I Glass from a "buy" rating to a "hold" rating in a report on Saturday, February 28th. Finally, UBS Group reiterated a "buy" rating and issued a $21.00 price target on shares of O-I Glass in a research note on Thursday, February 12th.

Hedge Funds Weigh In On O-I Glass

Institutional investors and hedge funds have recently modified their holdings of the company. Hsbc Holdings PLC increased its position in O-I Glass by 330.1% during the 4th quarter. Hsbc Holdings PLC now owns 58,920 shares of the industrial products company's stock worth $872,000 after purchasing an additional 45,221 shares during the period. Corient Private Wealth LLC raised its position in shares of O-I Glass by 6.0% during the 4th quarter. Corient Private Wealth LLC now owns 18,694 shares of the industrial products company's stock worth $277,000 after purchasing an additional 1,062 shares during the last quarter. Villanova Investment Management Co LLC lifted its position in shares of O-I Glass by 14.2% in the fourth quarter. Villanova Investment Management Co LLC now owns 190,329 shares of the industrial products company's stock valued at $2,809,000 after acquiring an additional 23,716 shares in the last quarter. Virtu Financial LLC acquired a new stake in shares of O-I Glass during the fourth quarter valued at $228,000. Finally, Invesco Ltd. boosted its stake in shares of O-I Glass by 18.7% during the fourth quarter. Invesco Ltd. now owns 1,269,236 shares of the industrial products company's stock valued at $18,734,000 after acquiring an additional 199,938 shares during the last quarter. Institutional investors and hedge funds own 97.24% of the company's stock.

O-I Glass Stock Performance

Shares of OI stock opened at $9.85 on Friday. The firm has a 50 day moving average of $14.08 and a two-hundred day moving average of $13.59. The stock has a market capitalization of $1.50 billion, a PE ratio of -11.72, a P/E/G ratio of 0.67 and a beta of 0.82. The company has a quick ratio of 0.77, a current ratio of 1.25 and a debt-to-equity ratio of 3.35. O-I Glass has a 52 week low of $9.23 and a 52 week high of $16.91.

O-I Glass (NYSE:OI - Get Free Report) last posted its quarterly earnings data on Tuesday, February 10th. The industrial products company reported $0.20 earnings per share for the quarter, topping analysts' consensus estimates of $0.19 by $0.01. The business had revenue of $1.50 billion for the quarter, compared to analyst estimates of $1.52 billion. O-I Glass had a positive return on equity of 18.07% and a negative net margin of 2.01%.The company's revenue was down 1.9% on a year-over-year basis. During the same quarter in the prior year, the company earned ($0.05) earnings per share. On average, research analysts predict that O-I Glass will post 1.33 EPS for the current fiscal 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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