O-I Glass (NYSE:OI) Raised to "Hold" at BNP Paribas Exane

Key Points

• BNP Paribas Exane upgraded O-I Glass to “Hold,” while the broader analyst consensus remains “Hold” with an average price target of $10.81.
• O-I Glass reported adjusted EPS of $0.09, missing the $0.24 consensus, as revenue fell 2.2% year over year to $1.67 billion; weak European demand and an $873 million goodwill impairment weighed on results.
• The stock opened at $7.37, near its 12-month low of $7.19, after falling below both its 50-day and 200-day moving averages. Insiders bought shares recently, while institutional investors own 97.24% of the company.

O-I Glass (NYSE:OI - Get Free Report) was upgraded by research analysts at BNP Paribas Exane to a "hold" rating in a research report issued on Thursday,Zacks.com reports.

Several other equities analysts have also issued reports on OI. Royal Bank Of Canada cut their price target on O-I Glass from $14.00 to $11.00 and set an "outperform" rating on the stock in a research note on Thursday, July 9th. Wells Fargo & Company dropped their price objective on O-I Glass from $13.00 to $12.00 and set an "overweight" rating for the company in a report on Wednesday, July 15th. Robert W. Baird set a $13.00 target price on shares of O-I Glass in a research report on Thursday. Weiss Ratings raised shares of O-I Glass from a "sell (e+)" rating to a "sell (d-)" rating in a research note on Wednesday, July 15th. Finally, Truist Financial lowered their price target on shares of O-I Glass from $13.00 to $10.00 and set a "buy" rating for the company in a research report on Thursday. Four investment analysts have rated the stock with a Buy rating, three have given a Hold rating and two have given a Sell rating to the company. According to MarketBeat, O-I Glass presently has an average rating of "Hold" and a consensus target price of $10.81.

O-I Glass Stock Down 4.4%

Shares of NYSE:OI opened at $7.37 on Thursday. O-I Glass has a 12 month low of $7.19 and a 12 month high of $16.91. The firm has a market cap of $1.13 billion, a P/E ratio of -0.98, a P/E/G ratio of 0.93 and a beta of 0.62. The company has a quick ratio of 0.73, a current ratio of 1.26 and a debt-to-equity ratio of 8.89. The company's 50-day moving average price is $9.01 and its two-hundred day moving average price is $11.08.

O-I Glass (NYSE:OI - Get Free Report) last announced its earnings results on Tuesday, July 28th. The industrial products company reported $0.09 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.24 by ($0.15). O-I Glass had a positive return on equity of 10.40% and a negative net margin of 18.13%.The company had revenue of $1.67 billion for the quarter, compared to analyst estimates of $1.68 billion. During the same quarter in the previous year, the company posted $0.53 earnings per share. O-I Glass's revenue for the quarter was down 2.2% on a year-over-year basis. As a group, research analysts forecast that O-I Glass will post 1.14 EPS for the current fiscal year.

Insider Activity

In other news, SVP Randolph L. Burns acquired 11,000 shares of O-I Glass stock in a transaction that occurred on Friday, May 8th. The shares were acquired at an average price of $9.32 per share, with a total value of $102,520.00. Following the purchase, the senior vice president directly owned 133,932 shares of the company's stock, valued at $1,248,246.24. The trade was a 8.95% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Darrow A. Abrahams acquired 2,774 shares of the firm's stock in a transaction that occurred on Monday, May 11th. The shares were purchased at an average price of $9.04 per share, with a total value of $25,076.96. Following the acquisition, the senior vice president owned 235,928 shares of the company's stock, valued at approximately $2,132,789.12. This trade represents a 1.19% increase in their position. The SEC filing for this purchase provides additional information. Insiders purchased a total of 17,083 shares of company stock valued at $157,312 in the last ninety days. 1.00% of the stock is owned by insiders.

Institutional Investors Weigh In On O-I Glass

Hedge funds have recently bought and sold shares of the company. Farther Finance Advisors LLC grew its holdings in shares of O-I Glass by 87.6% in the 4th quarter. Farther Finance Advisors LLC now owns 1,778 shares of the industrial products company's stock valued at $26,000 after buying an additional 830 shares during the period. Headlands Technologies LLC acquired a new stake in O-I Glass during the 2nd quarter worth $29,000. Quarry LP bought a new position in O-I Glass during the fourth quarter worth about $32,000. Caitong International Asset Management Co. Ltd lifted its holdings in 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 in the last quarter. Finally, State of Wyoming acquired a new position in O-I Glass in the second quarter valued at about $35,000. 97.24% of the stock is currently owned by institutional investors and hedge funds.

Key Stories Impacting O-I Glass

Here are the key news stories impacting O-I Glass this week:

• Positive Sentiment: UBS lowered its price target from $15 to $11 but retained a Buy rating, implying substantial potential upside from current levels. Benzinga article
• Positive Sentiment: Management highlighted strategic wins during the second-quarter earnings call, which could support longer-term growth if execution improves, despite near-term weakness in Europe. O-I Glass Q2 2026 earnings call highlights
• Neutral Sentiment: Truist also maintained a Buy rating while cutting its price target from $13 to $10, reflecting analysts’ continued confidence in the valuation but reduced near-term earnings expectations. Benzinga article
• Neutral Sentiment: Some coverage argues that O-I Glass now trades at a discounted valuation after a substantial decline, though the investment case depends on a recovery in operating performance. O-I Glass valuation analysis
• Negative Sentiment: O-I Glass recorded an $873 million goodwill impairment, producing a large second-quarter net loss and raising concerns about the value of prior acquisitions and the company’s outlook. O-I Glass goodwill impairment report
• Negative Sentiment: Adjusted earnings per share came in at $0.09 versus analysts’ $0.24 consensus, while revenue declined 2.2% year over year to $1.67 billion. Weak European demand was identified as a key driver of the miss. O-I Glass earnings miss report
• Negative Sentiment: The company cut full-year guidance for the second consecutive quarter, prompting an investor investigation notice and further undermining confidence in management’s forecasts. O-I Glass investigation notice

O-I Glass Company Profile

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.