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

8 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for O-I Glass in the last twelve months. There are currently 2 sell ratings, 4 hold ratings and 2 buy ratings for the stock. The consensus among Wall Street equities 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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8 brokers have issued 1-year target prices for O-I Glass' shares. Their OI share price forecasts range from $12.00 to $21.00. On average, they anticipate the company's share price to reach $15.22 in the next year. This suggests a possible upside of 22.8% from the stock's current price.
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O-I Glass' stock was trading at $12.03 at the beginning of 2022. Since then, OI stock has increased by 3.1% and is now trading at $12.40.
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O-I Glass saw a decrease in short interest in August. As of August 15th, there was short interest totaling 4,490,000 shares, a decrease of 22.6% from the July 31st total of 5,800,000 shares. Based on an average daily trading volume, of 1,190,000 shares, the days-to-cover ratio is presently 3.8 days. Approximately 2.9% of the shares of the stock are short sold.
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The company is scheduled to release its next quarterly earnings announcement on Monday, October 24th 2022.
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O-I Glass, Inc. (NYSE:OI) issued its quarterly earnings results on Tuesday, August, 2nd. The industrial products company reported $0.73 earnings per share for the quarter, beating the consensus estimate of $0.65 by $0.08. O-I Glass had a net margin of 7.02% and a trailing twelve-month return on equity of 37.89%. During the same period in the prior year, the company earned $0.54 earnings per share.

O-I Glass issued an update on its FY 2022 earnings guidance on Tuesday, September, 20th. The company provided EPS guidance of $2.10-$2.25 for the period, compared to the consensus earnings per share estimate of $2.15. 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 FMR LLC (13.15%), State Street Corp (3.72%), Private Management Group Inc. (1.84%), Victory Capital Management Inc. (1.68%), Northern Trust Corp (1.06%) and Principal Financial Group Inc. (0.82%).
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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 $12.40.

O-I Glass (NYSE:OI) has a market capitalization of $1.93 billion and generates $6.36 billion in revenue each year. The industrial products company earns $149 million in net income (profit) each year or $2.94 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.