O-I Glass (OI) Stock Forecast, Price & News

9 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for O-I Glass in the last year. There are currently 2 sell ratings, 2 hold ratings and 5 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "hold" OI shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in OI, but not buy additional shares or sell existing shares.
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9 analysts have issued 12-month target prices for O-I Glass' stock. Their OI share price forecasts range from $15.00 to $32.00. On average, they predict the company's share price to reach $25.60 in the next twelve months. This suggests a possible upside of 59.3% from the stock's current price.
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O-I Glass' stock was trading at $16.57 on January 1st, 2023. Since then, OI shares have decreased by 3.0% and is now trading at $16.07.
View the best growth stocks for 2023 here.

O-I Glass saw a increase in short interest in September. As of September 15th, there was short interest totaling 2,890,000 shares, an increase of 22.5% from the August 31st total of 2,360,000 shares. Based on an average daily trading volume, of 972,000 shares, the short-interest ratio is presently 3.0 days. Approximately 1.9% of the company's shares are sold short.
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The company is scheduled to release its next quarterly earnings announcement on Tuesday, October 31st 2023.
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O-I Glass will be holding an earnings conference call on Wednesday, November 1st at 8:00 AM Eastern. Interested parties can register for or listen to the call using this link.

O-I Glass, Inc. (NYSE:OI) issued its quarterly earnings data on Tuesday, August, 1st. The industrial products company reported $0.88 earnings per share for the quarter, topping analysts' consensus estimates of $0.83 by $0.05. The industrial products company had revenue of $1.89 billion for the quarter, compared to the consensus estimate of $1.85 billion. O-I Glass had a trailing twelve-month return on equity of 28.93% and a net margin of 7.88%. The business's revenue was up 6.3% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.73 EPS.

ETFs with the largest weight of O-I Glass (NYSE:OI) stock in their portfolio include Invesco S&P SmallCap Materials ETF (PSCM), Invesco Dorsey Wright Basic Materials Momentum ETF (PYZ), Invesco S&P SmallCap Momentum ETF (XSMO), Invesco S&P SmallCap Quality ETF (XSHQ), Fidelity Small-Mid Cap Opportunities ETF (FSMO), Invesco S&P SmallCap 600 Revenue ETF (RWJ), Principal U.S. Small-Cap Adaptive Multi-Factor ETF (PLTL) and Avantis US Small Cap Equity ETF (AVSC).

O-I Glass updated its fourth quarter 2023 earnings guidance on Tuesday, August, 1st. The company provided earnings per share guidance of $0.25-$0.35 for the period. The company issued revenue guidance of -.

88 employees have rated O-I Glass Chief Executive Officer Andres Lopez on Glassdoor.com. Andres Lopez has an approval rating of 67% among the company's employees.

Based on aggregate information from My MarketBeat watchlists, some companies that other O-I Glass investors own include Intel (INTC), Bank of America (BAC), AT&T (T), General Electric (GE), Ford Motor (F), Cisco Systems (CSCO), Corning (GLW), General Motors (GM), Marathon Petroleum (MPC) and Exxon Mobil (XOM).

O-I Glass trades on the New York Stock Exchange (NYSE) under the ticker symbol "OI."

Shares of OI stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of OI stock can currently be purchased for approximately $16.07.

O-I Glass (NYSE:OI) has a market capitalization of $2.49 billion and generates $6.86 billion in revenue each year. The industrial products company earns $584 million in net income (profit) each year or $3.51 on an earnings per share basis.

The company employs 24,000 workers across the globe.

O-I Glass' mailing address is ONE MICHAEL OWENS WAY, PERRYSBURG OH, 43551. The official website for the company is www.o-i.com. The industrial products company can be reached via phone at (567) 336-5000, via email at chris.manuel@o-i.com, or via fax at 419-247-7107.