O-I Glass (NYSE:OI) Sets New 1-Year Low – Time to Sell?

O-I Glass, Inc. (NYSE:OI) reached a new 52-week low during mid-day trading on Monday . The stock traded as low as $7.75 and last traded at $7.8540, with a volume of 157884 shares. The stock had previously closed at $7.91.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on OI shares. Weiss Ratings lowered O-I Glass from a “sell (d-)” rating to a “sell (e+)” rating in a report on Friday, May 22nd. Citigroup reduced their price target on O-I Glass from $12.00 to $10.00 and set a “neutral” rating for the company in a report on Monday, May 4th. Wells Fargo & Company downgraded O-I Glass from an “overweight” rating to an “equal weight” rating and decreased their price target for the company from $18.00 to $13.00 in a research note on Friday, March 20th. Truist Financial reaffirmed a “buy” rating and set a $14.00 price objective (down from $15.00) on shares of O-I Glass in a report on Thursday, April 30th. Finally, Robert W. Baird set a $20.00 price objective on O-I Glass in a research report on Thursday, February 12th. One analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, two have given a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $15.50.

O-I Glass Price Performance

The firm has a market cap of $1.20 billion, a PE ratio of -6.41, a price-to-earnings-growth ratio of 0.90 and a beta of 0.63. The company has a current ratio of 1.26, a quick ratio of 0.73 and a debt-to-equity ratio of 3.35. The company has a 50 day moving average price of $9.60 and a 200 day moving average price of $12.52.

O-I Glass (NYSE:OI) last released its quarterly earnings data on Tuesday, April 28th. The industrial products company reported $0.05 earnings per share for the quarter, missing the consensus estimate of $0.09 by ($0.04). The firm had revenue of $1.54 billion during the quarter, compared to analysts’ expectations 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 business’s revenue for the quarter was down 1.7% on a year-over-year basis. During the same period in the previous year, the business earned $0.40 earnings per share. O-I Glass has set its FY 2026 guidance at 1.000-1.500 EPS. On average, sell-side analysts expect that O-I Glass, Inc. will post 1.2 EPS for the current year.

Insider Transactions at O-I Glass

In other news, SVP Eduardo Restrepo purchased 3,309 shares of the business’s stock in a transaction dated Thursday, May 14th. The stock was acquired at an average price of $8.98 per share, with a total value of $29,714.82. Following the purchase, the senior vice president directly owned 94,199 shares of the company’s stock, valued at $845,907.02. This represents a 3.64% increase in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, SVP Randolph L. Burns acquired 11,000 shares of the firm’s stock in a transaction that occurred on Friday, May 8th. The stock was acquired at an average price of $9.32 per share, for a total transaction of $102,520.00. Following the completion of the transaction, the senior vice president directly owned 133,932 shares in the company, valued at approximately $1,248,246.24. This represents a 8.95% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Insiders bought 17,083 shares of company stock valued at $157,312 in the last 90 days. 1.00% of the stock is currently owned by insiders.

Institutional Investors Weigh In On O-I Glass

Large investors have recently bought and sold shares of the stock. PNC Financial Services Group Inc. lifted its position in shares of O-I Glass by 1.9% in the fourth quarter. PNC Financial Services Group Inc. now owns 37,828 shares of the industrial products company’s stock valued at $558,000 after acquiring an additional 701 shares in the last quarter. Barclays PLC raised its stake in O-I Glass by 0.3% in the 4th quarter. Barclays PLC now owns 246,766 shares of the industrial products company’s stock valued at $3,642,000 after purchasing an additional 755 shares during the last quarter. Farther Finance Advisors LLC lifted its holdings in O-I Glass by 87.6% in the 4th quarter. Farther Finance Advisors LLC now owns 1,778 shares of the industrial products company’s stock valued at $26,000 after purchasing an additional 830 shares in the last quarter. ProShare Advisors LLC lifted its holdings in O-I Glass by 3.1% in the 4th quarter. ProShare Advisors LLC now owns 29,887 shares of the industrial products company’s stock valued at $441,000 after purchasing an additional 911 shares in the last quarter. Finally, Smartleaf Asset Management LLC grew its holdings in shares of O-I Glass by 64.1% during the second quarter. Smartleaf Asset Management LLC now owns 2,350 shares of the industrial products company’s stock worth $35,000 after buying an additional 918 shares in 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.