NYSE:OI O-I Glass (OI) Stock Forecast, Price & News $20.84 +0.12 (+0.58%) (As of 06/1/2023 ET) Add Compare Share Share Today's Range$20.54▼$21.1050-Day Range$20.73▼$22.9452-Week Range$11.60▼$23.52Volume613,562 shsAverage Volume1.16 million shsMarket Capitalization$3.24 billionP/E Ratio4.73Dividend YieldN/APrice Target$24.70 ProfileProfileAnalyst RatingsChartCompetitorsEarningsFinancialsInsider TradesInstitutional OwnershipHeadlinesOptions ChainSEC FilingsShort InterestSocial MediaSustainabilityProfileAnalyst RatingsChartCompetitorsEarningsFinancialsInsider TradesInstitutional OwnershipHeadlinesOptions ChainSEC FilingsShort InterestSocial MediaSustainability O-I Glass MarketRank™ ForecastAnalyst RatingHold2.44 Rating ScoreUpside/Downside18.5% Upside$24.70 Price TargetShort InterestHealthy1.99% of Float Sold ShortDividend StrengthN/ASustainability-4.94Upright™ Environmental ScoreNews Sentiment0.23Based on 10 Articles This WeekInsider TradingN/AProj. Earnings Growth-2.52%From $3.17 to $3.09 Per ShareSee Full Details Hide Full Details Overall MarketRank™MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.1.81 out of 5 starsIndustrial Products Sector281st out of 348 stocksGlass Containers Industry1st out of 4 stocks 2.2 Analyst's Opinion Consensus RatingO-I Glass has received a consensus rating of Hold. The company's average rating score is 2.44, and is based on 6 buy ratings, 1 hold rating, and 2 sell ratings.Price Target Upside/DownsideAccording to analysts' consensus price target of $24.70, O-I Glass has a forecasted upside of 18.5% from its current price of $20.84.Amount of Analyst CoverageO-I Glass has only been the subject of 1 research reports in the past 90 days. Previous Next 3.0 Short Interest Percentage of Shares Shorted1.99% of the float of O-I Glass has been sold short.Short Interest Ratio / Days to CoverO-I Glass has a short interest ratio ("days to cover") of 2.8, which is generally considered an acceptable ratio of short interest to trading volume.Change versus previous monthShort interest in O-I Glass has recently increased by 3.05%, indicating that investor sentiment is decreasing. Previous Next 0.0 Dividend Strength Dividend YieldO-I Glass does not currently pay a dividend.Dividend GrowthO-I Glass does not have a long track record of dividend growth. Previous Next 0.0 Sustainability and ESG Overall ESG (Environmental, Social, and Governance) ScoreO-I Glass has received a -106.47% net impact score from Upright. The largest negative impact of Owens-Illinois in category "GHG emissions" seems to be driven mostly by its "Glass food packages", "Glass pharmaceuticals packages", and "Glass containers" products. See details.Environmental SustainabilityThe Environmental Impact score for O-I Glass is -4.94. Previous Next 1.8 News and Social Media Coverage News SentimentO-I Glass has a news sentiment score of 0.23. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a lower news sentiment than the 0.58 average news sentiment score of Industrial Products companies.News Coverage This WeekMarketBeat has tracked 10 news articles for O-I Glass this week, compared to 5 articles on an average week.Search InterestOnly 4 people have searched for OI on MarketBeat in the last 30 days. This is a decrease of -43% compared to the previous 30 days.MarketBeat FollowsOnly 1 people have added O-I Glass to their MarketBeat watchlist in the last 30 days. This is a decrease of 0% compared to the previous 30 days. Previous Next 1.7 Company Ownership Insider Buying vs. Insider SellingIn the past three months, O-I Glass insiders have not sold or bought any company stock.Percentage Held by InsidersOnly 1.06% of the stock of O-I Glass is held by insiders.Percentage Held by Institutions93.60% of the stock of O-I Glass is held by institutions. High institutional ownership can be a signal of strong market trust in this company. Previous Next 2.5 Earnings and Valuation Earnings GrowthEarnings for O-I Glass are expected to decrease by -2.52% in the coming year, from $3.17 to $3.09 per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of O-I Glass is 4.73, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 139.59.Price to Earnings Ratio vs. SectorThe P/E ratio of O-I Glass is 4.73, which means that it is trading at a less expensive P/E ratio than the Industrial Products sector average P/E ratio of about 17.32.Price to Earnings Growth RatioO-I Glass has a PEG Ratio of 0.49. PEG Ratios below 1 indicate that a company could be undervalued.Price to Book Value per Share RatioO-I Glass has a P/B Ratio of 1.72. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities. Previous Next See Top Rated MarketRank™ Stocks Here About O-I Glass (NYSE:OI) StockO-I Glass, Inc. engages in manufacturing of glass products. It offers products to the food and beverage sectors. The firm operates through the following geographical segments: Americas, Europe, and Asia Pacific. The company was founded in 1929 and is headquartered in Perrysburg, OH.Read More Receive OI Stock News and Ratings via Email Sign-up to receive the latest news and ratings for O-I Glass and its competitors with MarketBeat's FREE daily newsletter. Email Address OI Stock News HeadlinesJune 1, 2023 | finance.yahoo.comO-I GLASS TO PRESENT AT DEUTSCHE BANK 14th ANNUAL GLOBAL INDUSTRIALS, MATERIALS & BUILDING PRODUCTS CONFERENCEJune 1, 2023 | americanbankingnews.comO-I Glass Target of Unusually High Options Trading (NYSE:OI)June 2, 2023 | Legacy Research (Affiliate) (Ad)“Amazon Loophole” could hand you $28,544 in “royalty” payoutsThanks to a little-known IRS loophole… Regular Americans can collect up to $28,544 (or more) in payouts from what Brad Thomas calls the “Amazon secret royalty program…” See how to collect the next payout before the strict cutoff deadline.May 31, 2023 | seekingalpha.comO-I Glass: This Ride Still Has Room To GoMay 28, 2023 | americanbankingnews.comO-I Glass (NYSE:OI) Rating Lowered to Hold at StockNews.comMay 27, 2023 | nasdaq.comRBC Capital Reiterates O-I Glass (OI) Outperform RecommendationMay 26, 2023 | markets.businessinsider.comExpert Ratings for O-I GlassMay 25, 2023 | finance.yahoo.comO-I Glass (OI) Up 2.2% Since Last Earnings Report: Can It Continue?June 2, 2023 | Legacy Research (Affiliate) (Ad)“Amazon Loophole” could hand you $28,544 in “royalty” payoutsThanks to a little-known IRS loophole… Regular Americans can collect up to $28,544 (or more) in payouts from what Brad Thomas calls the “Amazon secret royalty program…” See how to collect the next payout before the strict cutoff deadline.May 24, 2023 | finance.yahoo.comOwens-Brockway Glass Container Inc. and OI European Group B.V. Announce Results of Cash Tender Offers for Any and All of Certain Outstanding Senior NotesMay 23, 2023 | finance.yahoo.comOwens-Brockway Glass Container Inc. Announces Pricing of Debt Tender OfferMay 22, 2023 | finance.yahoo.comWall Street Analysts Predict a 28.56% Upside in O-I Glass (OI): Here's What You Should KnowMay 19, 2023 | msn.comO-I Glass (OI) Is Considered a Good Investment by Brokers: Is That True?May 18, 2023 | americanbankingnews.comO-I Glass Sees Unusually High Options Volume (NYSE:OI)May 17, 2023 | finance.yahoo.comZacks Industry Outlook Highlights O-I Glass, Apogee Enterprises, View and Crown ElectrokineticsMay 16, 2023 | msn.comOwens-Brockway Glass Container to purchase any and all 5.375% senior notes due 2025 for cashMay 15, 2023 | finance.yahoo.comOwens-Brockway Glass Container Inc. Offer to Purchase for Cash Any and All 5.375% Senior Notes Due 2025May 14, 2023 | americanbankingnews.comO-I Glass, Inc. to Post FY2023 Earnings of $3.08 Per Share, Zacks Research Forecasts (NYSE:OI)May 12, 2023 | msn.comO-I Glass says its units priced and upsized USD and Euro notesMay 12, 2023 | finance.yahoo.comOwens-Brockway Glass Container Inc. and OI European Group B.V. Announce Upsizing and Pricing of Private Green Bond OfferingsMay 11, 2023 | marketwatch.com8-K: O-I Glass, Inc. /DE/May 11, 2023 | americanbankingnews.comQ2 2023 EPS Estimates for O-I Glass, Inc. Boosted by Analyst (NYSE:OI)May 11, 2023 | seekingalpha.comSilver Ring Value - O-I Glass: Consistently Exceeding ExpectationsMay 11, 2023 | finance.yahoo.comOWENS-BROCKWAY GLASS CONTAINER INC. OFFER TO PURCHASE FOR CASH ANY AND ALL 5.875% SENIOR NOTES DUE 2023 AND OI EUROPEAN GROUP B.V. OFFER TO PURCHASE FOR CASH ANY AND ALL 3.125% SENIOR NOTES DUE 2024May 11, 2023 | finance.yahoo.comOwens-Brockway Glass Container Inc. and OI European Group B.V. Launch Private Green Bond Offerings of $500 Million and €500 Million, RespectivelyMay 9, 2023 | americanbankingnews.comO-I Glass, Inc. (NYSE:OI) Receives $24.70 Average Target Price from AnalystsMay 6, 2023 | americanbankingnews.comO-I Glass (NYSE:OI) Rating Increased to Buy at StockNews.comSee More Headlines OI Price History View Price History Chart DataSkip Price History Chart 30 days | 90 days | 365 days | Advanced Chart OI Company Calendar Last Earnings4/25/2023Today6/01/2023Next Earnings (Estimated)8/01/2023Fiscal Year End12/31/2023Get Stock AlertsIndustry, Sector and Symbol Stock ExchangeNYSE Industry Glass containers Sub-IndustryMetal & Glass Containers SectorIndustrial Products Current SymbolNYSE:OI CUSIP69076840 CIK812074 Webwww.o-i.com Phone(567) 336-5000Fax419-247-7107Employees24,000Year FoundedN/APrice Target and Rating Average Stock Price Forecast$24.70 High Stock Price Forecast$37.00 Low Stock Price Forecast$15.00 Forecasted Upside/Downside+18.5%Consensus RatingHold Rating Score (0-4)2.44 Research Coverage9 Analysts Profitability EPS (Most Recent Fiscal Year)$4.41 Trailing P/E Ratio4.73 Forward P/E Ratio6.57 P/E Growth0.49Net Income$584 million Net Margins10.04% Pretax Margin12.94% Return on Equity31.48% Return on Assets5.36% Debt Debt-to-Equity Ratio2.34 Current Ratio1.22 Quick Ratio0.77 Sales & Book Value Annual Sales$6.86 billion Price / Sales0.47 Cash Flow$5.21 per share Price / Cash Flow4.00 Book Value$12.15 per share Price / Book1.72Miscellaneous Outstanding Shares155,270,000Free Float153,628,000Market Cap$3.24 billion OptionableOptionable Beta1.36 Key ExecutivesAndres Alberto LopezPresident, Chief Executive Officer & DirectorVitaliano TornoPresident-Business OperationsJohn A. HaudrichChief Financial Officer & Senior Vice PresidentLudovic ValetteVice President-Technology & EngineeringDarrow A. AbrahamsSecretary, Senior Vice President & General CounselKey CompetitorsHillenbrandNYSE:HITerexNYSE:TEXUniFirstNYSE:UNFJohn Bean TechnologiesNYSE:JBTESABNYSE:ESABView All CompetitorsInsiders & InstitutionsProShare Advisors LLCSold 2,230 shares on 5/26/2023Ownership: 0.014%Brandywine Global Investment Management LLCSold 646 shares on 5/25/2023Ownership: 0.306%Ameriprise Financial Inc.Sold 288,642 shares on 5/22/2023Ownership: 2.031%Putnam Investments LLCSold 12,793 shares on 5/22/2023Ownership: 0.065%JPMorgan Chase & Co.Bought 37,085 shares on 5/18/2023Ownership: 0.376%View All Insider TransactionsView All Institutional Transactions OI Stock - Frequently Asked Questions Should I buy or sell O-I Glass stock right now? 9 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for O-I Glass in the last twelve months. There are currently 2 sell ratings, 1 hold rating and 6 buy ratings for the stock. The consensus among Wall Street 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. View OI analyst ratings or view top-rated stocks. What is O-I Glass' stock price forecast for 2023? 9 brokerages have issued 1-year price objectives for O-I Glass' stock. Their OI share price forecasts range from $15.00 to $37.00. On average, they expect the company's stock price to reach $24.70 in the next year. This suggests a possible upside of 18.5% from the stock's current price. View analysts price targets for OI or view top-rated stocks among Wall Street analysts. How have OI shares performed in 2023? O-I Glass' stock was trading at $16.57 at the beginning of 2023. Since then, OI stock has increased by 25.8% and is now trading at $20.84. View the best growth stocks for 2023 here. When is O-I Glass' next earnings date? The company is scheduled to release its next quarterly earnings announcement on Tuesday, August 1st 2023. View our OI earnings forecast. How were O-I Glass' earnings last quarter? O-I Glass, Inc. (NYSE:OI) announced its quarterly earnings data on Tuesday, April, 25th. The industrial products company reported $1.29 EPS for the quarter, beating analysts' consensus estimates of $0.83 by $0.46. The industrial products company earned $1.83 billion during the quarter, compared to analysts' expectations of $1.78 billion. O-I Glass had a net margin of 10.04% and a trailing twelve-month return on equity of 31.48%. The firm's revenue for the quarter was up 8.2% compared to the same quarter last year. During the same quarter last year, the company posted $0.56 earnings per share. What ETFs hold O-I Glass' stock? ETFs with the largest weight of O-I Glass (NYSE:OI) stock in their portfolio include Invesco S&P SmallCap Materials ETF (PSCM), Invesco DWA Basic Materials Momentum ETF (PYZ), Invesco S&P SmallCap Quality ETF (XSHQ), Invesco S&P SmallCap Momentum ETF (XSMO), Invesco S&P SmallCap Value with Momentum ETF (XSVM), AdvisorShares Alpha DNA Equity Sentiment ETF (SENT), Fidelity Small-Mid Cap Opportunities ETF (FSMO) and First Trust Small Cap Value AlphaDEX Fund (FYT). What guidance has O-I Glass issued on next quarter's earnings? O-I Glass updated its FY23 earnings guidance on Tuesday, April, 25th. The company provided earnings per share guidance of $3.05-3.25 for the period, compared to the consensus earnings per share estimate of $2.62. What is Andres Lopez's approval rating as O-I Glass' CEO? 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. What other stocks do shareholders of O-I Glass own? 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). What is O-I Glass' stock symbol? O-I Glass trades on the New York Stock Exchange (NYSE) under the ticker symbol "OI." Who are O-I Glass' major shareholders? O-I Glass' stock is owned by many different institutional and retail investors. Top institutional shareholders include BlackRock Inc. (15.37%), FMR LLC (12.53%), State Street Corp (3.69%), Dimensional Fund Advisors LP (2.91%), Great West Life Assurance Co. Can (2.13%) and LSV Asset Management (2.11%). Insiders that own company stock include Arnaud Aujouannet, Mary Beth Wilkinson and Vitaliano Torno. View institutional ownership trends. How do I buy shares of O-I Glass? 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. Compare Top Brokerages Here. What is O-I Glass' stock price today? One share of OI stock can currently be purchased for approximately $20.84. How much money does O-I Glass make? O-I Glass (NYSE:OI) has a market capitalization of $3.24 billion and generates $6.86 billion in revenue each year. The industrial products company earns $584 million in net income (profit) each year or $4.41 on an earnings per share basis. How many employees does O-I Glass have? The company employs 24,000 workers across the globe. How can I contact O-I Glass? 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. This page (NYSE:OI) was last updated on 6/2/2023 by MarketBeat.com Staff Adding Choose a watchlist: Watchlist Adding You have already added five stocks to your watchlist. Upgrade to MarketBeat All Access to add more stocks to your watchlist. Adding O-I Glass, Inc. Please log in to your account or sign up in order to add this asset to your watchlist. Get 30 Days of MarketBeat All Access Free Sign up for MarketBeat All Access to gain access to MarketBeat's full suite of research tools: Best-in-Class Portfolio Monitoring View the latest news, buy/sell ratings, SEC filings and insider transactions for your stocks. Compare your portfolio performance to leading indices and get personalized stock ideas based on your portfolio. Stock Ideas and Recommendations Get daily stock ideas from top-performing Wall Street analysts. 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