NYSE:OI

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

$17.05

+0.10 (+0.59%)

(As of 09/28/2023 ET)

Compare

Today's Range: $16.90
▼
$17.20
50-Day Range: $16.95
▼
$23.36
52-Week Range: $12.32
▼
$23.57

Volume: 1.75 million shs
Average Volume: 1.16 million shs
Market Capitalization: $2.64 billion

P/E Ratio: 4.86
Dividend Yield: N/A
Price Target: $25.60

O-I Glass MarketRank™ Forecast

Analyst Rating: Hold
2.33 Rating Score
Upside/Downside: 50.1% Upside
$25.60 Price Target
Short Interest: Healthy
1.89% of Float Sold Short
Dividend Strength: N/A
Sustainability: -4.94
Upright™ Environmental Score
News Sentiment: 0.13
Based on 8 Articles This Week
Insider Trading: N/A
Proj. Earnings Growth: 1.56%
From $3.21 to $3.26 Per Share

Overall MarketRank^™

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.27 out of 5 stars

Industrial Products Sector

96th out of 182 stocks

Glass Containers Industry

1st out of 1 stocks

3.2

Analyst's Opinion

Consensus Rating
O-I Glass has received a consensus rating of Hold. The company's average rating score is 2.33, and is based on 5 buy ratings, 2 hold ratings, and 2 sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $25.60, O-I Glass has a forecasted upside of 50.1% from its current price of $17.05.
Amount of Analyst Coverage
O-I Glass has only been the subject of 3 research reports in the past 90 days.

3.0

Short Interest

Percentage of Shares Shorted
1.89% of the float of O-I Glass has been sold short.
Short Interest Ratio / Days to Cover
O-I Glass has a short interest ratio ("days to cover") of 3, which is generally considered an acceptable ratio of short interest to trading volume.
Change versus previous month
Short interest in O-I Glass has recently increased by 22.46%, indicating that investor sentiment is decreasing significantly.

0.0

Dividend Strength

Dividend Yield
O-I Glass does not currently pay a dividend.
Dividend Growth
O-I Glass does not have a long track record of dividend growth.

0.0

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
O-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 Sustainability
The Environmental Impact score for O-I Glass is -4.94.

2.3

News and Social Media Coverage

News Sentiment
O-I Glass has a news sentiment score of 0.13. 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 0.64 average news sentiment score of Industrial Products companies.
News Coverage This Week
MarketBeat has tracked 8 news articles for O-I Glass this week, compared to 5 articles on an average week.
MarketBeat Follows
2 people have added O-I Glass to their MarketBeat watchlist in the last 30 days.

1.7

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, O-I Glass insiders have not sold or bought any company stock.
Percentage Held by Insiders
Only 1.06% of the stock of O-I Glass is held by insiders.
Percentage Held by Institutions
91.29% 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.

3.1

Earnings and Valuation

Earnings Growth
Earnings for O-I Glass are expected to grow by 1.56% in the coming year, from $3.21 to $3.26 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of O-I Glass is 4.86, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 126.03.
Price to Earnings Ratio vs. Sector
The P/E ratio of O-I Glass is 4.86, which means that it is trading at a less expensive P/E ratio than the Industrial Products sector average P/E ratio of about 19.27.
Price to Earnings Growth Ratio
O-I Glass has a PEG Ratio of 0.35. PEG Ratios below 1 indicate that a company could be undervalued.
Price to Book Value per Share Ratio
O-I Glass has a P/B Ratio of 1.73. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

See Top Rated MarketRank™ Stocks Here

About O-I Glass (NYSE:OI) Stock

O-I Glass, Inc., through its subsidiaries, engages in the manufacture and sale of glass containers to food and beverage manufacturers primarily in the Americas, Europe, and internationally. The company produces glass containers for alcoholic beverages, including beer, flavored malt beverages, spirits, and wine. It is also involved in the production of glass packaging for various food items, soft drinks, tea, juices, and pharmaceuticals. In addition, the company offers glass containers in a range of sizes, shapes, and colors. It sells its products directly to customers under annual or multi-year supply agreements, as well as through distributors. The company was founded in 1903 and is headquartered in Perrysburg, Ohio.

OI Price History

30 days | 90 days | 365 days | Advanced Chart

OI Stock News Headlines

September 28, 2023 | finance.yahoo.com

O-I Glass Announces Third Quarter 2023 Earnings Conference Call and Webcast

September 27, 2023 | nasdaq.com

Truist Securities Reiterates O-I Glass (OI) Buy Recommendation

September 29, 2023 | The Oxford Club (Ad)

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September 27, 2023 | americanbankingnews.com

O-I Glass (NYSE:OI) Raised to Buy at StockNews.com

September 27, 2023 | americanbankingnews.com

O-I Glass' (OI) Buy Rating Reaffirmed at Truist Financial

September 25, 2023 | finance.yahoo.com

Down -11.67% in 4 Weeks, Here's Why O-I Glass (OI) Looks Ripe for a Turnaround

September 22, 2023 | finance.yahoo.com

O-I Glass (OI): An Insightful Examination of Its Market Value

September 22, 2023 | seekingalpha.com

O-I Glass to close Waco, Texas glass container plant, affecting about 300 people

September 29, 2023 | The Oxford Club (Ad)

Better Than Oil Stocks?

The best way to profit from energy is NOT a stock...Rather, it's this little-known alternative investment.

September 22, 2023 | seekingalpha.com

O-I Glass to close Waco, Texas glass container plant, affecting about 300 people

September 21, 2023 | msn.com

O-I Glass to stop production in mid-October, close Waco facility on Dec. 1

September 21, 2023 | americanbankingnews.com

Traders Buy High Volume of O-I Glass Call Options (NYSE:OI)

September 20, 2023 | msn.com

Waco’s Owens-Illinois glass plant to close

September 20, 2023 | finance.yahoo.com

We Ran A Stock Scan For Earnings Growth And O-I Glass (NYSE:OI) Passed With Ease

September 14, 2023 | msn.com

Credit Suisse Downgrades O-I Glass (OI)

September 6, 2023 | finance.yahoo.com

Bull of the Day: OI Glass (OI)

September 4, 2023 | finance.yahoo.com

Wall Street Analysts Think O-I Glass (OI) Could Surge 37.38%: Read This Before Placing a Bet

August 31, 2023 | finance.yahoo.com

O-I Glass (OI) Down 0.6% Since Last Earnings Report: Can It Rebound?

August 29, 2023 | finance.yahoo.com

What Makes O-I Glass (OI) a New Strong Buy Stock

August 21, 2023 | finance.yahoo.com

Boasting A 27% Return On Equity, Is O-I Glass, Inc. (NYSE:OI) A Top Quality Stock?

August 10, 2023 | msn.com

Here is Why Growth Investors Should Buy O-I Glass (OI) Now

August 10, 2023 | seekingalpha.com

O-I Glass: Navigating Challenges And Unlocking Growth In Glass Packaging Industry

August 7, 2023 | markets.businessinsider.com

Truist Financial Sticks to Its Buy Rating for O-I Glass (OI)

August 4, 2023 | msn.com

RBC Capital Maintains O-I Glass (OI) Outperform Recommendation

August 4, 2023 | markets.businessinsider.com

O-I Glass (OI) Receives a Buy from Robert W. Baird

August 3, 2023 | insidermonkey.com

O-I Glass, Inc. (NYSE:OI) Q2 2023 Earnings Call Transcript

August 2, 2023 | seekingalpha.com

O-I Glass, Inc. 2023 Q2 - Results - Earnings Call Presentation

See More Headlines

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OI Company Calendar

Last Earnings: 8/01/2023
Today: 9/29/2023
Next Earnings (Estimated): 11/07/2023
Fiscal Year End: 12/31/2023

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Industry, Sector and Symbol

Stock Exchange: NYSE
Industry: Glass containers
Sub-Industry: Metal & Glass Containers
Sector: Industrial Products
Current Symbol: NYSE:OI
CUSIP: 69076840
CIK: 812074
Web: www.o-i.com
Phone: (567) 336-5000
Fax: 419-247-7107
Employees: 24,000
Year Founded: N/A

Price Target and Rating

Average Stock Price Forecast: $25.60
High Stock Price Forecast: $32.00
Low Stock Price Forecast: $15.00
Forecasted Upside/Downside: +50.1%
Consensus Rating: Hold
Rating Score (0-4): 2.33
Research Coverage: 9 Analysts

Profitability

EPS (Most Recent Fiscal Year): $3.51
Trailing P/E Ratio: 4.86
Forward P/E Ratio: 5.31
P/E Growth: 0.35
Net Income: $584 million
Net Margins: 7.88%
Pretax Margin: 10.29%
Return on Equity: 28.93%
Return on Assets: 5.47%

Debt

Debt-to-Equity Ratio: 2.23
Current Ratio: 1.42
Quick Ratio: 0.94

Sales & Book Value

Annual Sales: $6.86 billion
Price / Sales: 0.39
Cash Flow: $5.40 per share
Price / Cash Flow: 3.16
Book Value: $9.85 per share
Price / Book: 1.73

Miscellaneous

Outstanding Shares: 155,060,000
Free Float: 153,416,000
Market Cap: $2.64 billion
Optionable: Optionable
Beta: 1.37

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Key Executives

Mr. Andres Alberto Lopez (Age 60)
CEO, Pres & Director
Comp: $4.51M

Mr. John A. Haudrich (Age 55)
Sr. VP & CFO
Comp: $1.89M

Mr. Darrow A. Abrahams (Age 49)
Sr. VP, Gen. Counsel & Corp. Sec.
Comp: $1.17M

Mr. Arnaud Aujouannet (Age 53)
Sr. VP and Chief Sales & Marketing Officer
Comp: $1.1M

Mr. Vitaliano Torno (Age 64)
Sr. VP of Global Bus. Operations & Pres of O-I Europe
Comp: $2M

Mr. John Reynolds
VP of Global Accounting

Mr. Ludovic Valette
VP & CTO

Mr. Christopher David Manuel
VP of Investor Relations

Mr. Pablo Vercelli
VP of Global People & Culture

Mr. Timothy M. Connors (Age 48)
Managing Director of Americas North

Key Competitors

View All Competitors

Insiders & Institutions

View All Insider Transactions
View All Institutional Transactions

OI Stock - Frequently Asked Questions

Should I buy or sell O-I Glass stock right now?: 9 Wall Street analysts have issued "buy," "hold," and "sell" ratings for O-I Glass in the last twelve months. There are currently 2 sell ratings, 2 hold ratings and 5 buy ratings for the stock. The consensus among Wall Street 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 Wall Street analysts have issued 12-month price objectives 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 year. This suggests a possible upside of 50.1% 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 2.9% and is now trading at $17.05.
View the best growth stocks for 2023 here.
Are investors shorting O-I Glass?: O-I Glass saw a increase in short interest during the month of 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 trading volume of 972,000 shares, the short-interest ratio is currently 3.0 days. Currently, 1.9% of the shares of the company are short sold.
View O-I Glass' Short Interest.
When is O-I Glass' next earnings date?: The company is scheduled to release its next quarterly earnings announcement on Tuesday, November 7th 2023.
View our OI earnings forecast.
How were O-I Glass' earnings last quarter?: O-I Glass, Inc. (NYSE:OI) released its quarterly earnings data on Tuesday, August, 1st. The industrial products company reported $0.88 EPS for the quarter, beating the consensus estimate 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 firm's revenue was up 6.3% compared to the same quarter last year. During the same period last year, the company posted $0.73 EPS.
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 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 U.S. Small Cap Equity ETF (AVSC).
What guidance has O-I Glass issued on next quarter's earnings?: O-I Glass updated its fourth quarter 2023 earnings guidance on Tuesday, August, 1st. The company provided EPS guidance of $0.25-$0.35 for the period. The company issued revenue guidance of -.

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."
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 $17.05.
How much money does O-I Glass make?: O-I Glass (NYSE:OI) has a market capitalization of $2.64 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.
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 9/29/2023 by MarketBeat.com Staff

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