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

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.
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10 equities research analysts have issued 1 year price objectives for O-I Glass' stock. Their OI share price forecasts range from $15.00 to $34.00. On average, they expect the company's share price to reach $23.40 in the next year. This suggests a possible upside of 7.1% from the stock's current price.
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O-I Glass' stock was trading at $16.57 at the beginning of the year. Since then, OI stock has increased by 31.9% and is now trading at $21.85.
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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) issued its earnings results on Tuesday, January, 31st. The industrial products company reported $0.38 earnings per share 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 trailing twelve-month return on equity of 27.42% and a net margin of 8.52%. O-I Glass's revenue for the quarter was up 7.1% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.36 EPS.

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).

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 earnings per share estimate of $0.82. 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 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.
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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 $21.85.

O-I Glass (NYSE:OI) has a market capitalization of $3.37 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.

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.