O-I Glass Stock Forecast, Price & News

8 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for O-I Glass in the last twelve months. There are currently 3 sell ratings, 4 hold ratings and 1 buy rating for the stock. The consensus among Wall Street research analysts is that investors should "hold" O-I Glass stock. 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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Wall Street analysts have given O-I Glass a "Hold" rating, but there may be better short-term opportunities in the market. Some of MarketBeat's past winning trading ideas have resulted in 5-15% weekly gains. MarketBeat just released five new trading ideas, but O-I Glass wasn't one of them. MarketBeat thinks these five stocks may be even better buys.
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O-I Glass saw a decline in short interest in the month of April. As of April 15th, there was short interest totaling 6,450,000 shares, a decline of 14.6% from the March 31st total of 7,550,000 shares. Based on an average daily trading volume, of 1,910,000 shares, the days-to-cover ratio is currently 3.4 days.
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O-I Glass is scheduled to release its next quarterly earnings announcement on Tuesday, August 3rd 2021.
View our earnings forecast for O-I Glass.

O-I Glass, Inc. (NYSE:OI) issued its quarterly earnings results on Wednesday, April, 28th. The industrial products company reported $0.35 EPS for the quarter, topping the consensus estimate of $0.28 by $0.07. The industrial products company earned $1.50 billion during the quarter, compared to analyst estimates of $1.47 billion. O-I Glass had a trailing twelve-month return on equity of 88.28% and a net margin of 4.97%. The firm's revenue for the quarter was down 6.3% on a year-over-year basis. During the same period last year, the company posted $0.41 EPS.
View O-I Glass' earnings history.

O-I Glass' stock was trading at $5.80 on March 11th, 2020 when COVID-19 reached pandemic status according to the World Health Organization (WHO). Since then, OI stock has increased by 209.7% and is now trading at $17.96.
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O-I Glass issued an update on its second quarter 2021 earnings guidance on Wednesday, May, 5th. The company provided earnings per share guidance of 0.450-0.500 for the period, compared to the Thomson Reuters consensus estimate of $0.380. The company issued revenue guidance of -.

8 Wall Street analysts have issued twelve-month price targets for O-I Glass' stock. Their forecasts range from $12.00 to $17.00. On average, they anticipate O-I Glass' stock price to reach $14.25 in the next twelve months. This suggests that the stock has a possible downside of 20.7%.
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88 employees have rated O-I Glass CEO Andres Lopez on Glassdoor.com. Andres Lopez has an approval rating of 67% among O-I Glass' employees.

Some companies that are related to O-I Glass include Ball (BLL), Crown (CCK), AptarGroup (ATR), Berry Global Group (BERY), Silgan (SLGN), Greif (GEF) and Myers Industries (MYE).
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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 variety of institutional and retail investors. Top institutional shareholders include BlackRock Inc. (15.69%), LSV Asset Management (2.87%), Private Management Group Inc. (1.52%), CIBC Private Wealth Group LLC (1.00%), JPMorgan Chase & Co. (0.90%) and Principal Financial Group Inc. (0.79%). Company insiders that own O-I Glass stock include Carol A Williams and Mary Beth Wilkinson.
View institutional ownership trends for O-I Glass.

OI stock was sold by a variety of institutional investors in the last quarter, including Russell Investments Group Ltd., Victory Capital Management Inc., Alliancebernstein L.P., Markel Corp, American International Group Inc., LSV Asset Management, JPMorgan Chase & Co., and The Manufacturers Life Insurance Company .
View insider buying and selling activity for O-I Glass or view top insider-selling stocks.

OI stock was acquired by a variety of institutional investors in the last quarter, including BlackRock Inc., Contrarius Investment Management Ltd, Principal Financial Group Inc., Davy Global Fund Management Ltd, Teacher Retirement System of Texas, State of Alaska Department of Revenue, Comerica Bank, and Adirondack Research & Management Inc..
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Shares of OI 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 $17.96.

O-I Glass has a market capitalization of $2.84 billion and generates $6.69 billion in revenue each year. The industrial products company earns $-400,000,000.00 in net income (profit) each year or $2.24 on an earnings per share basis.

O-I Glass employs 25,000 workers across the globe.

The official website for O-I Glass is www.o-i.com.

O-I Glass is headquartered at ONE MICHAEL OWENS WAY, PERRYSBURG OH, 43551.

O-I Glass' mailing address is ONE MICHAEL OWENS WAY, PERRYSBURG OH, 43551. The industrial products company can be reached via phone at (567) 336-5000 or via email at [email protected]