NYSE:OI

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

$21.72

+0.52 (+2.45%)

(As of 03/27/2023 12:00 AM ET)

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Today's Range: $21.20
▼
$21.82
50-Day Range: $18.47
▼
$23.44
52-Week Range: $11.60
▼
$23.52

Volume: 740,668 shs
Average Volume: 1.35 million shs
Market Capitalization: $3.35 billion

P/E Ratio: 5.92
Dividend Yield: N/A
Price Target: $23.40

Institutional Ownership

O-I Glass MarketRank™ Forecast

Analyst Rating: Moderate Buy
2.50 Rating Score
Upside/Downside: 7.7% Upside
$23.40 Price Target
Short Interest: Healthy
1.94% of Float Sold Short
Dividend Strength: N/A
Sustainability: -4.94
Upright™ Environmental Score
News Sentiment: 0.48
Based on 10 Articles This Week
Insider Trading: Selling Shares
$440,432 Sold Last Quarter
Proj. Earnings Growth: 5.20%
From $2.50 to $2.63 Per Share

Overall MarketRank^™

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

1.85 out of 5 stars

Industrial Products Sector

89th out of 179 stocks

Glass Containers Industry

1st out of 2 stocks

2.3

Analyst's Opinion

Consensus Rating
O-I Glass has received a consensus rating of Buy. The company's average rating score is 2.50, and is based on 7 buy ratings, 1 hold rating, and 2 sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $23.40, O-I Glass has a forecasted upside of 7.7% from its current price of $21.72.
Amount of Analyst Coverage
O-I Glass has been the subject of 8 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

3.0

Short Interest

Percentage of Shares Shorted
1.94% 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 2.3, 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 13.46%, 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.

2.5

News and Social Media Coverage

News Sentiment
O-I Glass has a news sentiment score of 0.48. 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 0.65 average news sentiment score of Industrial Products companies.
News Coverage This Week
MarketBeat has tracked 10 news articles for O-I Glass this week, compared to 3 articles on an average week.
Search Interest
Only 4 people have searched for OI on MarketBeat in the last 30 days. This is a decrease of -79% compared to the previous 30 days.
MarketBeat Follows
4 people have added O-I Glass to their MarketBeat watchlist in the last 30 days. This is an increase of 33% compared to the previous 30 days.

2.5

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, O-I Glass insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $440,432.00 in company stock.
Percentage Held by Insiders
Only 1.34% of the stock of O-I Glass is held by insiders.
Percentage Held by Institutions
93.60% 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.

1.9

Earnings and Valuation

Earnings Growth
Earnings for O-I Glass are expected to grow by 5.20% in the coming year, from $2.50 to $2.63 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of O-I Glass is 5.92, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 115.69.
Price to Earnings Ratio vs. Sector
The P/E ratio of O-I Glass is 5.92, which means that it is trading at a less expensive P/E ratio than the Industrial Products sector average P/E ratio of about 15.84.
Price to Earnings Growth Ratio
O-I Glass has a PEG Ratio of 1.19. PEG Ratios above 1 indicate that a company could be overvalued.
Price to Book Value per Share Ratio
O-I Glass has a P/B Ratio of 2.21. 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. 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.

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OI Stock News Headlines

March 25, 2023 | seekingalpha.com

OI O-I Glass, Inc.

March 24, 2023 | americanbankingnews.com

Investors Buy Large Volume of Call Options on O-I Glass (NYSE:OI)

March 27, 2023 | Behind the Markets (Ad)

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March 22, 2023 | americanbankingnews.com

O-I Glass (NYSE:OI) Issues FY 2023 Earnings Guidance

March 22, 2023 | americanbankingnews.com

O-I Glass (NYSE:OI) Issues Q1 2023 Earnings Guidance

March 20, 2023 | americanbankingnews.com

O-I Glass, Inc. (NYSE:OI) Receives $23.40 Consensus PT from Brokerages

March 19, 2023 | americanbankingnews.com

StockNews.com Begins Coverage on O-I Glass (NYSE:OI)

March 14, 2023 | finance.yahoo.com

Should We Be Delighted With O-I Glass, Inc.'s (NYSE:OI) ROE Of 41%?

March 27, 2023 | Behind the Markets (Ad)

Buy THIS stock before Taiwan is attacked

March 3, 2023 | markets.businessinsider.com

Analysts Offer Insights on Materials Companies: O-I Glass (OI) and MariMed (OtherMRMD)

March 1, 2023 | finanznachrichten.de

O-I Glass, Inc.: O-I Plant Manager Receives National Women in Manufacturing Award

March 1, 2023 | finance.yahoo.com

O-I Plant Manager Receives National Women in Manufacturing Award

February 24, 2023 | msn.com

O-I Glass (OI) Crossed Above the 20-Day Moving Average: What That Means for Investors

February 21, 2023 | finance.yahoo.com

O-I Glass CFO to Present at BofA Securities 2023 Global Agriculture and Materials Conference

February 15, 2023 | realmoney.thestreet.com

O-I Glass Has Yet to Reach Its Ceiling on the Charts

February 13, 2023 | msn.com

Despite Fast-paced Momentum, O-I Glass (OI) Is Still a Bargain Stock

February 10, 2023 | finance.yahoo.com

Zacks.com featured highlights RenaissanceRe, United Rentals, ATI, Wabash National and O-I Glass

February 10, 2023 | finance.yahoo.com

O-I Glass Full Year 2022 Earnings: Revenues Beat Expectations, EPS Lags

February 6, 2023 | finance.yahoo.com

O-I Sustainable Transformation Achieving Key Recognitions

February 6, 2023 | finance.yahoo.com

O-I Glass (OI) Is Up 22.15% in One Week: What You Should Know

February 6, 2023 | nasdaq.com

O-I Glass, Inc. (OI) Hits Fresh High: Is There Still Room to Run?

February 2, 2023 | markets.businessinsider.com

Analysts’ Opinions Are Mixed on These Materials Stocks: O-I Glass (OI), Vale SA (VALE) and ChampionX (CHX)

February 2, 2023 | markets.businessinsider.com

Truist Securities Maintains Buy Rating for O-I Glass: Here's What You Need To Know

February 2, 2023 | nasdaq.com

Earnings Estimates Moving Higher for O-I Glass (OI): Time to Buy?

February 2, 2023 | finance.yahoo.com

O-I Glass, Inc. (NYSE:OI) Q4 2022 Earnings Call Transcript

February 2, 2023 | msn.com

O-I Glass rises after upgrade to Outperform at RBC Capital

February 2, 2023 | markets.businessinsider.com

5 Analysts Have This to Say About O-I Glass

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OI Company Calendar

Last Earnings: 1/31/2023
Today: 3/27/2023
Next Earnings (Estimated): 4/24/2023
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: $23.40
High Stock Price Forecast: $34.00
Low Stock Price Forecast: $15.00
Forecasted Upside/Downside: +10.4%
Consensus Rating: Moderate Buy
Rating Score (0-4): 2.50
Research Coverage: 10 Analysts

Profitability

EPS (Most Recent Fiscal Year): $3.67
Trailing P/E Ratio: 5.78
Forward P/E Ratio: 8.48
P/E Growth: 1.19
Net Income: $584 million
Net Margins: 8.52%
Pretax Margin: 11.74%
Return on Equity: 27.42%
Return on Assets: 4.13%

Debt

Debt-to-Equity Ratio: 2.86
Current Ratio: 1.10
Quick Ratio: 0.74

Sales & Book Value

Annual Sales: $6.86 billion
Price / Sales: 0.48
Cash Flow: $5.35 per share
Price / Cash Flow: 3.96
Book Value: $9.85 per share
Price / Book: 2.15

Miscellaneous

Outstanding Shares: 154,360,000
Free Float: 152,291,000
Market Cap: $3.27 billion
Optionable: Optionable
Beta: 1.36

Key Executives

Andres Alberto Lopez
President, Chief Executive Officer & Director

Vitaliano Torno
President-Business Operations

John A. Haudrich
Chief Financial Officer & Senior Vice President

Ludovic Valette
Vice President-Technology & Engineering

Darrow A. Abrahams
Secretary, Senior Vice President & General Counsel

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?: 10 Wall Street analysts have issued "buy," "hold," and "sell" ratings for O-I Glass in the last year. There are currently 2 sell ratings, 1 hold rating and 7 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "buy" OI shares.
View OI analyst ratings or view top-rated stocks.
What is O-I Glass' stock price forecast for 2023?: 10 Wall Street analysts have issued twelve-month price targets for O-I Glass' shares. Their OI share price forecasts range from $15.00 to $34.00. On average, they anticipate the company's share price to reach $23.40 in the next twelve months. This suggests a possible upside of 9.7% 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 start of the year. Since then, OI shares have increased by 28.8% and is now trading at $21.34.
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 Monday, April 24th 2023.
View our OI earnings forecast.
How were O-I Glass' earnings last quarter?: O-I Glass, Inc. (NYSE:OI) issued its quarterly earnings results on Tuesday, January, 31st. The industrial products company reported $0.38 earnings per share for the quarter, topping analysts' consensus estimates of $0.32 by $0.06. The industrial products company had revenue of $1.70 billion for the quarter, compared to the consensus estimate of $1.59 billion. O-I Glass had a trailing twelve-month return on equity of 27.42% and a net margin of 8.52%. The company's revenue for the quarter was up 7.1% on a year-over-year basis. During the same period in the previous year, the company earned $0.36 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), RiverFront Dynamic US Flex-Cap ETF (RFFC), Fidelity Small-Mid Cap Opportunities ETF (FSMO) and Invesco S&P SmallCap 600 Revenue ETF (RWJ).
What guidance has O-I Glass issued on next quarter's earnings?: O-I Glass updated its first quarter 2023 earnings guidance on Wednesday, March, 22nd. The company provided earnings per share guidance of $0.80-$0.85 for the period, compared to the consensus EPS estimate of $0.82. 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."
Who are O-I Glass' major shareholders?: O-I Glass' stock is owned by a number of retail and institutional investors. Top institutional investors include Dimensional Fund Advisors LP (2.48%), LSV Asset Management (2.29%), Levin Capital Strategies L.P. (1.95%), Geode Capital Management LLC (1.79%), Private Management Group Inc. (1.53%) and Alliancebernstein L.P. (1.48%). 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 $21.34.
How much money does O-I Glass make?: O-I Glass (NYSE:OI) has a market capitalization of $3.29 billion and generates $6.86 billion in revenue each year. The industrial products company earns $584 million in net income (profit) each year or $3.67 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 3/27/2023 by MarketBeat.com Staff

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

O-I Glass MarketRank™ Forecast

Overall MarketRank™

Analyst's Opinion

Short Interest

Percentage of Shares Shorted

Short Interest Ratio / Days to Cover

Change versus previous month

Dividend Strength

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score

Environmental Sustainability

News and Social Media Coverage

News Sentiment

News Coverage This Week

Search Interest

MarketBeat Follows

Company Ownership

Earnings and Valuation

About O-I Glass (NYSE:OI) Stock

OI Stock News Headlines

OI Company Calendar

Industry, Sector and Symbol

Price Target and Rating

Profitability

Debt

Sales & Book Value

Miscellaneous

Key Executives

Key Competitors

Insiders & Institutions

OI Stock - Frequently Asked Questions

Overall MarketRank^™