O-I Glass, Inc. (NYSE:OI - Get Free Report)'s stock price reached a new 52-week low on Friday. The company traded as low as $4.84 and last traded at $4.8450, with a volume of 308,559 shares traded. The stock had previously closed at $4.88.
Latest O-I Glass News
These are some of the OI news items that stood out recently:
- Positive Sentiment: Zacks Research modestly raised its Q2 2028 EPS estimate to $0.73 from $0.71, offering a small longer-term positive against broader forecast reductions. O-I Glass analyst estimate coverage
- Negative Sentiment: Zacks Research cut its FY2026 EPS estimate to $0.04 from $0.21 and FY2027 to $0.86 from $1.35. It also lowered Q1 2027 and Q4 2027 estimates, signaling weaker expected earnings and adding pressure to the outlook. Zacks Research earnings outlook
- Negative Sentiment: Several law firms highlighted a filed securities class action covering investors who bought O-I Glass shares from March 14, 2025, through July 28, 2026. The complaint reportedly alleges the company misrepresented its 2026 outlook and progress on its Fit to Win savings program. Investors have until December 28, 2026, to seek lead-plaintiff appointment; ongoing litigation creates legal and reputational uncertainty. Class action allegations and deadline
Wall Street Analyst Weigh In
Several brokerages recently commented on OI. Robert W. Baird set a $13.00 price objective on shares of O-I Glass in a research note on Thursday, July 30th. Citigroup lowered their target price on shares of O-I Glass from $9.00 to $8.00 and set a "buy" rating on the stock in a research report on Thursday, October 29th. Truist Financial dropped their target price on shares of O-I Glass from $8.00 to $7.00 and set a "buy" rating for the company in a report on Thursday, October 29th. Wells Fargo & Company reduced their price target on shares of O-I Glass from $12.00 to $10.00 and set an "overweight" rating for the company in a research report on Monday, October 19th. Finally, Weiss Ratings upgraded shares of O-I Glass from a "sell (e+)" rating to a "sell (d-)" rating in a research report on Tuesday. Three investment analysts have rated the stock with a Buy rating, four have issued a Hold rating and two have assigned a Sell rating to the company's stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus price target of $8.81.
Check Out Our Latest Stock Analysis on O-I Glass
O-I Glass Price Performance
The company has a debt-to-equity ratio of 8.84, a quick ratio of 0.80 and a current ratio of 1.28. The company's fifty day simple moving average is $5.91 and its two-hundred day simple moving average is $9.07. The stock has a market capitalization of $756.62 million, a PE ratio of -0.63, a P/E/G ratio of 47.34 and a beta of 0.75.
O-I Glass (NYSE:OI - Get Free Report) last released its quarterly earnings results on Tuesday, October 27th. The industrial products company reported ($0.09) EPS for the quarter, missing the consensus estimate of $0.16 by ($0.25). O-I Glass had a negative net margin of 18.89% and a positive return on equity of 3.74%. The business had revenue of $1.62 billion during the quarter, compared to analyst estimates of $1.64 billion. During the same quarter in the prior year, the company earned $0.48 earnings per share. The firm's revenue for the quarter was down 1.8% compared to the same quarter last year. As a group, sell-side analysts predict that O-I Glass, Inc. will post 0.01 EPS for the current year.
Institutional Trading of O-I Glass
Several institutional investors and hedge funds have recently made changes to their positions in OI. PEAK6 LLC purchased a new stake in O-I Glass during the 3rd quarter worth about $66,000. First Trust Advisors LP lifted its holdings in O-I Glass by 67.0% in the 3rd quarter. First Trust Advisors LP now owns 458,533 shares of the industrial products company's stock valued at $2,591,000 after purchasing an additional 183,917 shares in the last quarter. Edmond DE Rothschild Holding S.A. lifted its holdings in O-I Glass by 38.4% in the 3rd quarter. Edmond DE Rothschild Holding S.A. now owns 2,769,015 shares of the industrial products company's stock valued at $15,645,000 after purchasing an additional 769,000 shares in the last quarter. Ieq Capital LLC lifted its holdings in O-I Glass by 864.5% in the 3rd quarter. Ieq Capital LLC now owns 106,189 shares of the industrial products company's stock valued at $600,000 after purchasing an additional 95,179 shares in the last quarter. Finally, Global Retirement Partners LLC boosted its stake in shares of O-I Glass by 237.0% during the 3rd quarter. Global Retirement Partners LLC now owns 15,323 shares of the industrial products company's stock worth $87,000 after purchasing an additional 10,776 shares during the last quarter. 97.24% of the stock is currently owned by hedge funds and other institutional investors.
O-I Glass Company Profile
(
Get Free Report)
O-I Glass, Inc. manufactures glass containers for food and beverage brands. Its products include bottles and jars used for beer, wine, spirits, nonalcoholic beverages, and food, serving customers across consumer and industrial markets. The company traces its roots to the Owens Bottle Company, established in 1903 by glassmaking innovator Michael J. Owens. It later became Owens-Illinois and adopted the O-I Glass name in 2020. O-I Glass serves customers in the Americas and Europe, with operations and sales activities across multiple countries.
Read More
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.
Before you consider O-I Glass, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and O-I Glass wasn't on the list.
While O-I Glass currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Robotics and automation are rapidly becoming essential infrastructure across healthcare, manufacturing, logistics, and many other industries. "Physical AI" is coming. Learn which seven companies are most positioned to benefit as intelligent robots enter the workforce.
Get This Free Report
Continue following MarketBeat
Add MarketBeat as your preferred source on Google to see our latest stories in your feed.
Like this article? Share it with a colleague.
Link copied to clipboard.
