Truist Financial Cuts O-I Glass (NYSE:OI) Price Target to $13.00

Key Points

• Truist Financial cut its price target on O-I Glass from $14 to $13 while keeping a buy rating, implying about 53.6% upside from the current share price.
• Analyst sentiment remains mixed: O-I Glass has a consensus Hold rating, with several firms recently lowering targets, while Zacks upgraded the stock from strong sell to hold and raised some earnings estimates.
• The stock was trading sharply lower at $8.46, after the company recently reported EPS of $0.05, missing expectations, even though revenue came in above estimates at $1.54 billion.

O-I Glass (NYSE:OI - Get Free Report) had its price target reduced by Truist Financial from $14.00 to $13.00 in a report issued on Wednesday,Benzinga reports. The brokerage presently has a "buy" rating on the industrial products company's stock. Truist Financial's price objective points to a potential upside of 53.57% from the company's current price.

Other analysts have also issued research reports about the company. Bank of America reissued an "underperform" rating and issued a $11.00 target price on shares of O-I Glass in a report on Tuesday. Wells Fargo & Company cut their price target on O-I Glass from $13.00 to $12.00 and set an "overweight" rating for the company in a research note on Wednesday. Zacks Research raised shares of O-I Glass from a "strong sell" rating to a "hold" rating in a research note on Monday. Citigroup dropped their target price on shares of O-I Glass from $12.00 to $10.00 and set a "neutral" rating for the company in a report on Monday, May 4th. Finally, Royal Bank Of Canada lowered their price target on shares of O-I Glass from $14.00 to $11.00 and set an "outperform" rating on the stock in a research report on Thursday, July 9th. Four research analysts have rated the stock with a Buy rating, two have given a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of "Hold" and an average target price of $13.57.

O-I Glass Trading Down 11.8%

Shares of OI opened at $8.46 on Wednesday. O-I Glass has a twelve month low of $7.75 and a twelve month high of $16.91. 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 $1.30 billion, a P/E ratio of -6.94, a PEG ratio of 1.13 and a beta of 0.62. The firm's 50-day moving average is $9.01 and its two-hundred day moving average is $11.61.

O-I Glass (NYSE:OI - Get Free Report) last posted its quarterly earnings results on Tuesday, April 28th. The industrial products company reported $0.05 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.09 by ($0.04). The company had revenue of $1.54 billion for the quarter, compared to analyst estimates of $1.47 billion. O-I Glass had a negative net margin of 2.91% and a positive return on equity of 13.65%. O-I Glass's revenue was down 1.7% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.40 earnings per share. O-I Glass has set its FY 2026 guidance at 1.000-1.500 EPS. On average, research analysts predict that O-I Glass will post 1.17 earnings per share for the current fiscal year.

Insider Activity at O-I Glass

In related news, SVP Darrow A. Abrahams acquired 2,774 shares of the company's stock in a transaction dated Monday, May 11th. The stock was bought at an average price of $9.04 per share, with a total value of $25,076.96. Following the purchase, the senior vice president directly owned 235,928 shares in the company, valued at $2,132,789.12. The trade was a 1.19% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, SVP Eduardo Restrepo bought 3,309 shares of the firm's stock in a transaction that occurred on Thursday, May 14th. The stock was bought at an average cost of $8.98 per share, for a total transaction of $29,714.82. Following the completion of the transaction, the senior vice president directly owned 94,199 shares of the company's stock, valued at approximately $845,907.02. The trade was a 3.64% increase in their position. The SEC filing for this purchase provides additional information. Over the last 90 days, insiders have bought 17,083 shares of company stock valued at $157,312. Company insiders own 1.00% of the company's stock.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in the company. Dimensional Fund Advisors LP raised its holdings in shares of O-I Glass by 8.6% in the 1st quarter. Dimensional Fund Advisors LP now owns 9,238,635 shares of the industrial products company's stock worth $97,094,000 after purchasing an additional 729,191 shares during the period. Alliancebernstein L.P. grew its holdings in shares of O-I Glass by 0.7% during the 3rd quarter. Alliancebernstein L.P. now owns 7,996,786 shares of the industrial products company's stock worth $103,718,000 after purchasing an additional 56,945 shares during the period. Cooper Creek Partners Management LLC increased its position in O-I Glass by 73.8% during the 1st quarter. Cooper Creek Partners Management LLC now owns 7,006,293 shares of the industrial products company's stock worth $73,636,000 after purchasing an additional 2,975,181 shares in the last quarter. Arrowstreet Capital Limited Partnership raised its holdings in O-I Glass by 32.1% in the first quarter. Arrowstreet Capital Limited Partnership now owns 4,246,337 shares of the industrial products company's stock valued at $44,629,000 after buying an additional 1,030,705 shares during the period. Finally, Geode Capital Management LLC lifted its position in O-I Glass by 0.6% during the fourth quarter. Geode Capital Management LLC now owns 3,783,387 shares of the industrial products company's stock valued at $55,852,000 after buying an additional 22,430 shares in the last quarter. 97.24% of the stock is owned by hedge funds and other institutional investors.

Key Headlines Impacting O-I Glass

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

• Positive Sentiment: Zacks Research upgraded O-I Glass from “strong sell” to “hold,” which is helping sentiment around the name. Zacks.com
• Positive Sentiment: Zacks raised its Q2 2026 EPS estimate to $0.27 from $0.26, suggesting slightly better near-term profitability.
• Positive Sentiment: The firm also increased its Q4 2026 EPS estimate to $0.39 from $0.35 and FY2027 EPS to $1.86 from $1.80, signaling stronger longer-term earnings potential.
• Neutral Sentiment: Zacks trimmed its Q3 2026 EPS estimate slightly to $0.51 from $0.52, a minor offset to the more bullish revisions.
• Negative Sentiment: Bank of America reaffirmed an “underperform” rating, and recent coverage points to weak demand and fewer catalysts, which likely capped enthusiasm for the stock. Article

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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