O-I Glass (NYSE:OI) Shares Up 6.5% - Still a Buy?

Key Points

• O-I Glass shares rose 6.5% on Wednesday, trading near $9 after a sharp increase in volume relative to recent sessions. The move came as investor sentiment improved on a mix of analyst actions.
• Analyst views were mixed but slightly constructive: Zacks upgraded the stock from “strong sell” to “hold,” raised several earnings estimates, and Truist kept a “buy” rating even after trimming its price target to $13. Still, Bank of America maintained an “underperform” stance, citing weak demand and limited catalysts.
• Recent fundamentals remain uneven, with the latest quarter showing EPS of $0.05 versus $0.09 expected, though revenue topped estimates at $1.54 billion. The company also has seen insider buying, and its FY2026 guidance is for EPS of 1.00 to 1.50.

Shares of O-I Glass, Inc. (NYSE:OI - Get Free Report) shot up 6.5% during trading on Wednesday . The stock traded as high as $8.83 and last traded at $8.9960. 360,392 shares traded hands during mid-day trading, a decline of 86% from the average session volume of 2,506,183 shares. The stock had previously closed at $8.45.

Key Stories Impacting O-I Glass

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

• Positive Sentiment: Zacks Research upgraded O-I Glass (OI) from “strong sell” to “hold,” which may have helped sentiment around the stock. Zacks Research upgrade
• Positive Sentiment: Zacks raised earnings estimates for multiple periods, including Q2 2026, Q4 2026, Q4 2027, and FY2027, suggesting improving expectations for the company’s profitability.
• Positive Sentiment: Truist Financial lowered its price target to $13 from $14 but kept a “buy” rating, implying meaningful upside remains from current levels. Truist price target update
• Neutral Sentiment: Bank of America reaffirmed an “underperform” rating and kept a cautious stance, reflecting ongoing concerns about weak demand and limited catalysts for a stronger re-rating. Bank of America reaffirmation
• Neutral Sentiment: Earlier reports noted BofA’s downgrade tied to weak demand and fewer near-term catalysts, which continues to weigh on sentiment even as some analysts turn more positive. BofA downgrade article

Wall Street Analyst Weigh In

OI has been the subject of a number of research analyst reports. UBS Group lowered their price target 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 reduced their price target on shares of O-I Glass from $14.00 to $13.00 and set a "buy" rating on the stock in a research note on Wednesday. Weiss Ratings downgraded shares of O-I Glass from a "sell (d-)" rating to a "sell (e+)" rating in a research note on Tuesday, June 30th. Citigroup cut their price objective on O-I Glass from $12.00 to $10.00 and set a "neutral" rating on the stock in a report on Monday, May 4th. Finally, Wells Fargo & Company reduced their price objective on O-I Glass from $13.00 to $12.00 and set an "overweight" rating on the stock in a research report on Wednesday. Four analysts have rated the stock with a Buy rating, two have given a Hold rating and two have given a Sell rating to the company's stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Hold" and an average price target of $13.57.

O-I Glass Price Performance

The business has a 50-day moving average of $9.01 and a 200 day moving average of $11.61. The company has a current ratio of 1.26, a quick ratio of 0.73 and a debt-to-equity ratio of 3.35. The firm has a market capitalization of $1.36 billion, a P/E ratio of -7.24, a price-to-earnings-growth ratio of 1.13 and a beta of 0.62.

O-I Glass (NYSE:OI - Get Free Report) last posted its 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). The company had revenue of $1.54 billion during the quarter, compared to the consensus estimate of $1.47 billion. O-I Glass had a negative net margin of 2.91% and a positive return on equity of 13.65%. The firm's revenue for the quarter was down 1.7% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.40 EPS. O-I Glass has set its FY 2026 guidance at 1.000-1.500 EPS. On average, sell-side analysts predict that O-I Glass, Inc. will post 1.17 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, SVP Eduardo Restrepo acquired 3,309 shares of O-I Glass stock in a transaction that occurred on Thursday, May 14th. The stock was bought at an average price of $8.98 per share, with a total value of $29,714.82. Following the completion of the purchase, the senior vice president owned 94,199 shares in the company, valued at approximately $845,907.02. The trade was a 3.64% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through this link. Also, SVP Randolph L. Burns purchased 11,000 shares of the business's stock in a transaction on Friday, May 8th. The stock was purchased 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 in the company, valued at approximately $1,248,246.24. This trade represents a 8.95% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Insiders have purchased a total of 17,083 shares of company stock worth $157,312 over the last 90 days. Corporate insiders own 1.00% of the company's stock.

Institutional Investors Weigh In On O-I Glass

Institutional investors and hedge funds have recently made changes to their positions in the business. Farther Finance Advisors LLC raised its position 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 valued at $26,000 after buying an additional 830 shares in the last quarter. Headlands Technologies LLC bought a new stake in O-I Glass in the 2nd quarter worth approximately $29,000. Quarry LP bought a new position in shares of O-I Glass during the 4th quarter valued at $32,000. Caitong International Asset Management Co. Ltd raised its position in O-I Glass by 36,533.3% in the 4th quarter. Caitong International Asset Management Co. Ltd now owns 2,198 shares of the industrial products company's stock worth $32,000 after purchasing an additional 2,192 shares during the period. Finally, State of Wyoming purchased a new position in O-I Glass in the 2nd quarter worth $35,000. Hedge funds and other institutional investors own 97.24% of the company's stock.

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.

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