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

6 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for O-I Glass in the last year. There are currently 1 sell rating, 1 hold rating and 4 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" OI shares.
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6 Wall Street analysts have issued twelve-month price objectives for O-I Glass' stock. Their OI share price forecasts range from $13.00 to $24.00. On average, they expect the company's share price to reach $18.00 in the next twelve months. This suggests that the stock has a possible downside of 16.8%.
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O-I Glass' stock was trading at $16.57 on January 1st, 2023. Since then, OI shares have increased by 30.5% and is now trading at $21.63.
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O-I Glass saw a decrease in short interest in the month of January. As of January 15th, there was short interest totaling 2,750,000 shares, a decrease of 21.4% from the December 31st total of 3,500,000 shares. Based on an average daily trading volume, of 1,320,000 shares, the days-to-cover ratio is presently 2.1 days. Currently, 1.8% of the shares of the stock are sold short.
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The company is scheduled to release its next quarterly earnings announcement on Monday, April 24th 2023.
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O-I Glass, Inc. (NYSE:OI) released its quarterly earnings results on Tuesday, January, 31st. The industrial products company reported $0.38 EPS for the quarter, topping the consensus estimate of $0.32 by $0.06. The industrial products company earned $1.70 billion during the quarter, compared to analyst estimates of $1.59 billion. O-I Glass had a net margin of 9.09% and a trailing twelve-month return on equity of 31.30%. The business's revenue was up 7.1% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.36 EPS.

O-I Glass issued an update on its FY 2023 earnings guidance on Tuesday, January, 31st. The company provided earnings per share (EPS) guidance of -$2.50 for the period, compared to the consensus estimate of $2.28. 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."

O-I Glass' stock is owned by a number of institutional and retail investors. Top institutional investors include New York State Common Retirement Fund (0.39%), Assenagon Asset Management S.A. (0.30%), New York State Teachers Retirement System (0.17%), Lee Danner & Bass Inc. (0.09%), State of New Jersey Common Pension Fund D (0.09%) and Allspring Global Investments Holdings LLC (0.08%).
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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 $21.63.

O-I Glass (NYSE:OI) has a market capitalization of $3.36 billion and generates $6.36 billion in revenue each year. The industrial products company earns $149 million in net income (profit) each year or $3.86 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.