O-I Glass (NYSE:OI) Lowered to "Hold" Rating by Zacks Research

Key Points

• Zacks Research has downgraded O-I Glass from a strong-buy to a hold rating, while projecting FY2026 earnings at $1.71 EPS.
• Despite the downgrade, other analysts like UBS Group maintain a buy rating with an increased price target of $19.00, showing a range of analyst opinions on the stock's value.
• Insider trading activity includes significant purchases from executives, with SVP Darrow A. Abrahams and CEO Gordon Hardie increasing their holdings, which could signal insider confidence in the company's future.

O-I Glass (NYSE:OI - Get Free Report) was downgraded by investment analysts at Zacks Research from a "strong-buy" rating to a "hold" rating in a report released on Thursday,Zacks.com reports. Zacks Research also issued estimates for O-I Glass' FY2026 earnings at $1.71 EPS.

Other analysts have also issued reports about the stock. UBS Group reissued a "buy" rating and set a $19.00 price target (up from $17.00) on shares of O-I Glass in a research report on Wednesday, July 9th. Bank of America reissued a "neutral" rating and set a $17.00 price target (up from $15.00) on shares of O-I Glass in a research report on Wednesday, July 9th. BNP Paribas set a $18.00 price target on shares of O-I Glass in a research report on Wednesday, June 25th. Wells Fargo & Company reissued a "mixed" rating on shares of O-I Glass in a research report on Monday, August 4th. Finally, Citigroup increased their price target on shares of O-I Glass from $14.00 to $16.00 and gave the company a "neutral" rating in a research report on Thursday, July 3rd. One equities research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and four have given a Hold rating to the company's stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $17.00.

O-I Glass Stock Performance

OI stock opened at $13.14 on Thursday. The firm has a market cap of $2.02 billion, a price-to-earnings ratio of -7.96, a PEG ratio of 0.25 and a beta of 0.93. The firm has a 50-day simple moving average of $13.24 and a two-hundred day simple moving average of $13.05. O-I Glass has a one year low of $9.23 and a one year high of $16.04. The company has a debt-to-equity ratio of 3.58, a quick ratio of 0.77 and a current ratio of 1.24.

O-I Glass (NYSE:OI - Get Free Report) last released its quarterly earnings results on Tuesday, July 29th. The industrial products company reported $0.53 EPS for the quarter, beating the consensus estimate of $0.41 by $0.12. The business had revenue of $1.70 billion during the quarter, compared to analyst estimates of $1.70 billion. O-I Glass had a negative net margin of 3.95% and a positive return on equity of 13.70%. The company's quarterly revenue was down 1.3% on a year-over-year basis. During the same period in the prior year, the firm posted $0.44 earnings per share. O-I Glass has set its FY 2025 guidance at 1.300-1.55 EPS. On average, equities analysts forecast that O-I Glass will post 1.33 EPS for the current fiscal year.

Insider Buying and Selling

In other O-I Glass news, SVP Darrow A. Abrahams purchased 3,828 shares of O-I Glass stock in a transaction on Tuesday, August 5th. The stock was bought at an average cost of $13.05 per share, with a total value of $49,955.40. Following the transaction, the senior vice president owned 184,447 shares of the company's stock, valued at $2,407,033.35. This represents a 2.12% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Gordon Hardie purchased 8,000 shares of O-I Glass stock in a transaction on Tuesday, August 5th. The shares were acquired at an average cost of $13.10 per share, with a total value of $104,800.00. Following the completion of the transaction, the chief executive officer directly owned 515,817 shares in the company, valued at $6,757,202.70. The trade was a 1.58% increase in their position. The disclosure for this purchase can be found here. Company insiders own 0.93% of the company's stock.

Hedge Funds Weigh In On O-I Glass

A number of institutional investors have recently bought and sold shares of OI. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in O-I Glass by 30.0% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 365,630 shares of the industrial products company's stock worth $3,963,000 after buying an additional 84,380 shares during the last quarter. Universal Beteiligungs und Servicegesellschaft mbH acquired a new stake in shares of O-I Glass during the 4th quarter worth approximately $2,573,000. GAMMA Investing LLC grew its stake in shares of O-I Glass by 1,956.0% during the 1st quarter. GAMMA Investing LLC now owns 29,627 shares of the industrial products company's stock worth $340,000 after purchasing an additional 28,186 shares during the period. SG Americas Securities LLC grew its stake in shares of O-I Glass by 117.7% during the 1st quarter. SG Americas Securities LLC now owns 45,766 shares of the industrial products company's stock worth $525,000 after purchasing an additional 24,743 shares during the period. Finally, Thompson Investment Management Inc. grew its stake in shares of O-I Glass by 1.8% during the 1st quarter. Thompson Investment Management Inc. now owns 744,849 shares of the industrial products company's stock worth $8,543,000 after purchasing an additional 13,011 shares during the period. 97.24% of the stock is owned by hedge funds and other institutional investors.

O-I Glass Company Profile

O-I Glass, Inc, through its subsidiaries, engages in the manufacture and sale of glass containers to food and beverage manufacturers primarily in the Americas, Europe, and internationally. The company produces glass containers for alcoholic beverages, including beer, flavored malt beverages, spirits, and wine.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.