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

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.
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9 equities research analysts have issued 12 month price targets for O-I Glass' stock. Their OI share price forecasts range from $15.00 to $37.00. On average, they anticipate the company's stock price to reach $24.70 in the next year. This suggests a possible upside of 19.2% from the stock's current price.
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O-I Glass' stock was trading at $16.57 at the start of the year. Since then, OI stock has increased by 25.1% and is now trading at $20.73.
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The company is scheduled to release its next quarterly earnings announcement on Tuesday, August 1st 2023.
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O-I Glass, Inc. (NYSE:OI) announced its quarterly earnings results on Tuesday, April, 25th. The industrial products company reported $1.29 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.83 by $0.46. The industrial products company had revenue of $1.83 billion for 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 company's revenue was up 8.2% compared to the same quarter last year. During the same quarter last year, the firm earned $0.56 earnings per share.

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).

O-I Glass issued an update on 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 estimate of $2.62.

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."

O-I Glass' stock is owned by a number of retail and institutional investors. Top institutional investors 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.
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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 $20.73.

O-I Glass (NYSE:OI) has a market capitalization of $3.22 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.

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.