Analysts Set O-I Glass, Inc. (NYSE:OI) Price Target at $15.50

Shares of O-I Glass, Inc. (NYSE:OI) have been assigned a consensus recommendation of “Hold” from the nine analysts that are covering the firm, MarketBeat reports. Two investment analysts have rated the stock with a sell recommendation, two have given a hold recommendation, four have given a buy recommendation and one has issued a strong buy recommendation on the company. The average 12-month target price among brokerages that have updated their coverage on the stock in the last year is $15.50.

Several analysts have recently commented on OI shares. Royal Bank Of Canada set a $14.00 target price on O-I Glass in a research report on Friday, April 17th. Robert W. Baird set a $20.00 target price on O-I Glass in a research report on Thursday, February 12th. Wells Fargo & Company cut O-I Glass from an “overweight” rating to an “equal weight” rating and decreased their target price for the stock from $18.00 to $13.00 in a research report on Friday, March 20th. Zacks Research cut O-I Glass from a “hold” rating to a “strong sell” rating in a research report on Tuesday, March 3rd. Finally, Wall Street Zen cut O-I Glass from a “buy” rating to a “hold” rating in a research report on Saturday, February 28th.

O-I Glass Stock Up 1.1%

Shares of OI stock opened at $8.42 on Thursday. O-I Glass has a 1 year low of $7.75 and a 1 year high of $16.91. The stock has a market cap of $1.29 billion, a PE ratio of -6.90, a price-to-earnings-growth ratio of 0.95 and a beta of 0.63. The business’s fifty day moving average is $9.48 and its 200-day moving average is $12.42. The company has a debt-to-equity ratio of 3.35, a quick ratio of 0.73 and a current ratio of 1.26.

O-I Glass (NYSE:OI) last issued its quarterly earnings results on Tuesday, April 28th. The industrial products company reported $0.05 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.09 by ($0.04). The firm had revenue of $1.54 billion for the quarter, compared to analyst estimates of $1.47 billion. O-I Glass had a negative net margin of 2.91% and a positive return on equity of 13.65%. The firm’s revenue for the quarter was down 1.7% compared to the same quarter last year. During the same quarter last year, the business posted $0.40 earnings per share. O-I Glass has set its FY 2026 guidance at 1.000-1.500 EPS. Equities analysts expect that O-I Glass will post 1.2 earnings per share for the current fiscal year.

Insider Activity at O-I Glass

In other news, SVP Darrow A. Abrahams acquired 2,774 shares of O-I Glass stock in a transaction that occurred on Monday, May 11th. The stock was purchased at an average price of $9.04 per share, with a total value of $25,076.96. Following the completion of the transaction, the senior vice president owned 235,928 shares in the company, valued at approximately $2,132,789.12. This trade represents a 1.19% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, SVP Eduardo Restrepo acquired 3,309 shares of O-I Glass stock in a transaction that occurred on Thursday, May 14th. The shares were purchased at an average cost of $8.98 per share, with a total value of $29,714.82. Following the transaction, the senior vice president owned 94,199 shares of the company’s stock, valued at approximately $845,907.02. The trade was a 3.64% increase in their position. The SEC filing for this purchase provides additional information. Over the last 90 days, insiders bought 17,083 shares of company stock valued at $157,312. Insiders own 1.00% of the company’s stock.

Institutional Trading of O-I Glass

Institutional investors have recently bought and sold shares of the company. Envestnet Asset Management Inc. acquired a new position in shares of O-I Glass during the 3rd quarter valued at about $1,526,000. Brandywine Global Investment Management LLC acquired a new position in shares of O-I Glass during the 4th quarter valued at about $25,064,000. Boothbay Fund Management LLC increased its holdings in shares of O-I Glass by 22.1% during the 3rd quarter. Boothbay Fund Management LLC now owns 803,029 shares of the industrial products company’s stock valued at $10,415,000 after acquiring an additional 145,170 shares during the last quarter. LSV Asset Management increased its holdings in shares of O-I Glass by 12.4% during the 4th quarter. LSV Asset Management now owns 1,801,844 shares of the industrial products company’s stock valued at $26,595,000 after acquiring an additional 199,366 shares during the last quarter. Finally, Deroy & Devereaux Private Investment Counsel Inc. increased its holdings in shares of O-I Glass by 42.1% during the 4th quarter. Deroy & Devereaux Private Investment Counsel Inc. now owns 2,026,525 shares of the industrial products company’s stock valued at $29,912,000 after acquiring an additional 600,462 shares during the last quarter. Institutional investors and hedge funds own 97.24% of the company’s stock.

About O-I Glass

O-I Glass, Inc is a leading global manufacturer of glass containers, supplying the food and beverage, wine and spirits, pharmaceutical, cosmetic and personal care industries. Headquartered in Perrysburg, Ohio, the company produces a broad range of glass packaging solutions, including bottles and jars, designed to meet customer specifications for size, shape, color and performance. O-I leverages proprietary technologies in forming, decoration and quality control to serve both mass-market and premium brands.

Tracing its origins to the early 20th century through the merger of prominent regional glassmakers, the company adopted the Owens-Illinois name in 1929 before rebranding as O-I Glass in 2015.