O-I Glass (NYSE:OI) Reaches New 1-Year Low on Analyst Downgrade

Key Points

• O-I Glass shares fell 6.7% to a new 52-week low near $5.22 after Truist Financial cut its price target from $8 to $7, while maintaining a Buy rating.
• The company reported a disappointing third quarter, including an adjusted loss of $0.09 per share versus an expected $0.16 profit and a 1.8% year-over-year revenue decline to $1.623 billion.
• Management lowered its 2026 adjusted EBITDA outlook to $925 million-$950 million, citing weakness in Europe, where operating profit plunged to $2 million from $95 million a year earlier; analysts’ consensus rating remains Hold with an $8.94 target.

O-I Glass, Inc. (NYSE:OI - Get Free Report)'s share price reached a new 52-week low on Thursday after Truist Financial lowered their price target on the stock from $8.00 to $7.00. Truist Financial currently has a buy rating on the stock. O-I Glass traded as low as $5.24 and last traded at $5.2250, with a volume of 2,365,278 shares changing hands. The stock had previously closed at $5.63.

A number of other analysts have also recently weighed in on OI. UBS Group cut shares of O-I Glass from a "buy" rating to a "neutral" rating and cut their price objective for the stock from $11.00 to $6.00 in a report on Monday, October 5th. Weiss Ratings downgraded shares of O-I Glass from a "sell (d-)" rating to a "sell (e+)" rating in a report on Wednesday, October 21st. Robert W. Baird set a $13.00 target price on shares of O-I Glass in a research report on Thursday, July 30th. Zacks Research upgraded O-I Glass from a "strong sell" rating to a "hold" rating in a research report on Monday, July 13th. Finally, Wells Fargo & Company lowered their price target on O-I Glass from $12.00 to $10.00 and set an "overweight" rating for the company in a report on Monday, October 19th. Three equities research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat, the company currently has a consensus rating of "Hold" and a consensus price target of $8.94.

Key Stories Impacting O-I Glass

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

• Positive Sentiment: O-I Glass reported approximately $50 million of “Fit to Win” benefits in the third quarter and $135 million year to date, supporting its goal of generating at least $650 million in cumulative benefits by the end of 2027. The company also ended the quarter with approximately $1.5 billion of liquidity. O-I Glass updates 2026 outlook
• Positive Sentiment: Truist Securities maintained a Buy rating on O-I Glass, implying substantial potential upside from current levels, although it reduced its price target to $7 from $8. Truist adjusts O-I Glass price target
• Neutral Sentiment: Americas sales increased to $970 million from $940 million, but segment operating profit slipped to $137 million from $140 million, indicating mixed performance across the company’s major regions. O-I Glass reports third-quarter loss
• Negative Sentiment: O-I Glass posted an adjusted loss of $0.09 per share, versus a consensus estimate for a $0.16 profit in the company’s earnings release data, while revenue fell 1.8% year over year to $1.623 billion and was slightly below expectations. Earnings also declined sharply from $0.48 per share a year earlier. O-I Glass third-quarter earnings
• Negative Sentiment: Management cut its 2026 adjusted EBITDA forecast to $925 million-$950 million and expects to use roughly $300 million of free cash flow. It also anticipates $100 million-$120 million of fourth-quarter charges tied to a proposed permanent European plant closure. O-I Glass lowers outlook
• Negative Sentiment: Europe was the key weakness: sales dropped to $634 million from $688 million, while segment operating profit nearly disappeared at $2 million versus $95 million a year earlier. Management cited soft demand, higher energy and freight costs, and a slower regional recovery. O-I Glass Q3 outlook analysis

Institutional Trading of O-I Glass

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Optiver Holding B.V. grew its stake in shares of O-I Glass by 491.5% during the first quarter. Optiver Holding B.V. now owns 2,496 shares of the industrial products company's stock valued at $26,000 after purchasing an additional 2,074 shares during the last quarter. Fiduciary Financial Advisors bought a new stake in shares of O-I Glass during the second quarter worth approximately $34,000. Fortitude Family Office LLC lifted its holdings in O-I Glass by 5,036.0% in the third quarter. Fortitude Family Office LLC now owns 4,417 shares of the industrial products company's stock valued at $25,000 after buying an additional 4,331 shares during the period. Global Retirement Partners LLC acquired a new position in O-I Glass in the second quarter valued at approximately $44,000. Finally, Wealth Enhancement Trust Services Inc. boosted its stake in O-I Glass by 57.3% in the third quarter. Wealth Enhancement Trust Services Inc. now owns 5,825 shares of the industrial products company's stock valued at $33,000 after acquiring an additional 2,121 shares during the last quarter. 97.24% of the stock is currently owned by institutional investors.

O-I Glass Stock Down 6.7%

The business's fifty day simple moving average is $6.33 and its 200 day simple moving average is $9.64. The company has a current ratio of 1.26, a quick ratio of 0.77 and a debt-to-equity ratio of 8.89. The stock has a market cap of $807.48 million, a price-to-earnings ratio of -0.70, a price-to-earnings-growth ratio of 2.49 and a beta of 0.68.

O-I Glass (NYSE:OI - Get Free Report) last posted its quarterly earnings results on Tuesday, October 27th. The industrial products company reported ($0.09) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.16 by ($0.25). The company had revenue of $1.62 billion during the quarter, compared to the consensus estimate of $1.64 billion. O-I Glass had a positive return on equity of 10.40% and a negative net margin of 18.13%. The firm's revenue for the quarter was down 1.8% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.48 earnings per share. Equities analysts forecast that O-I Glass, Inc. will post 0.36 earnings per share for the current fiscal year.

O-I Glass Company Profile

O-I Glass, Inc is a global manufacturer of glass packaging products. The company produces glass bottles and jars primarily for the food, beverage, beer, wine, spirits, and pharmaceutical industries, serving brand owners and consumer-products companies.

Its products are designed to provide packaging, preservation, and presentation for a range of consumer goods. O-I also offers glass packaging in various shapes, sizes, and colors, including custom solutions developed for individual brands.

The company traces its history to the Owens Bottle Company, founded in 1903, and the Illinois Glass Company.

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