Truist Financial Issues Pessimistic Forecast for O-I Glass (NYSE:OI) Stock Price

O-I Glass (NYSE:OI) had its price target cut by investment analysts at Truist Financial from $14.00 to $13.00 in a report released on Wednesday,Benzinga reports. The brokerage currently has a “buy” rating on the industrial products company’s stock. Truist Financial’s price objective suggests a potential upside of 53.57% from the stock’s current price.

OI has been the topic of a number of other research reports. Bank of America reaffirmed an “underperform” rating and issued a $11.00 price objective on shares of O-I Glass in a report on Tuesday. Wells Fargo & Company reduced their target price on shares of O-I Glass from $13.00 to $12.00 and set an “overweight” rating for the company in a research note on Wednesday. UBS Group dropped their price target on shares of O-I Glass from $21.00 to $18.00 and set a “buy” rating on the stock in a research note on Friday, April 10th. Citigroup reduced their price objective on O-I Glass from $12.00 to $10.00 and set a “neutral” rating for the company in a research report on Monday, May 4th. Finally, Weiss Ratings lowered O-I Glass from a “sell (d-)” rating to a “sell (e+)” rating in a report on Tuesday, June 30th. Four research analysts have rated the stock with a Buy rating, two have issued a Hold rating and two have given a Sell rating to the company. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $13.57.

O-I Glass Price Performance

OI opened at $8.46 on Wednesday. O-I Glass has a 1-year low of $7.75 and a 1-year high of $16.91. The company has a market capitalization of $1.30 billion, a P/E ratio of -6.94, a PEG ratio of 1.13 and a beta of 0.62. The company has a debt-to-equity ratio of 3.35, a quick ratio of 0.73 and a current ratio of 1.26. The company has a 50-day moving average of $9.01 and a 200-day moving average of $11.61.

O-I Glass (NYSE:OI) last issued its quarterly earnings data on Tuesday, April 28th. The industrial products company reported $0.05 EPS for the quarter, missing analysts’ consensus estimates of $0.09 by ($0.04). The company had revenue of $1.54 billion for the quarter, compared to the consensus estimate of $1.47 billion. O-I Glass had a positive return on equity of 13.65% and a negative net margin of 2.91%.O-I Glass’s quarterly revenue was down 1.7% compared to the same quarter last year. During the same quarter in the previous year, the company earned $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 1.17 EPS for the current fiscal year.

Insider Transactions at O-I Glass

In other news, SVP Eduardo Restrepo purchased 3,309 shares of the firm’s stock in a transaction on Thursday, May 14th. The stock was purchased at an average cost of $8.98 per share, with a total value of $29,714.82. Following the purchase, the senior vice president owned 94,199 shares in the company, valued at $845,907.02. This trade represents a 3.64% increase in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, SVP Randolph L. Burns bought 11,000 shares of the firm’s stock in a transaction that occurred on Friday, May 8th. The shares were purchased at an average cost of $9.32 per share, with a total value of $102,520.00. Following the purchase, the senior vice president directly owned 133,932 shares of the company’s stock, valued at approximately $1,248,246.24. This represents a 8.95% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. In the last three months, insiders purchased 17,083 shares of company stock valued at $157,312. Company insiders own 1.00% of the company’s stock.

Hedge Funds Weigh In On O-I Glass

Several hedge funds have recently made changes to their positions in the business. Farther Finance Advisors LLC raised its holdings in shares of 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 worth $26,000 after purchasing an additional 830 shares in the last quarter. Optiver Holding B.V. grew its position in O-I Glass by 491.5% in the first quarter. Optiver Holding B.V. now owns 2,496 shares of the industrial products company’s stock worth $26,000 after buying an additional 2,074 shares during the last quarter. Headlands Technologies LLC acquired a new position in O-I Glass in the second quarter worth approximately $29,000. Quarry LP bought a new position in shares of O-I Glass in the fourth quarter valued at $32,000. Finally, Caitong International Asset Management Co. Ltd increased its holdings in shares of O-I Glass by 36,533.3% in the fourth quarter. Caitong International Asset Management Co. Ltd now owns 2,198 shares of the industrial products company’s stock valued at $32,000 after buying an additional 2,192 shares in the last quarter. Institutional investors and hedge funds own 97.24% of the company’s stock.

More O-I Glass News

Here are the key news stories impacting O-I Glass this week:

• Positive Sentiment: Zacks Research upgraded O-I Glass from “strong sell” to “hold,” which is helping sentiment around the name. Zacks.com
• Positive Sentiment: Zacks raised its Q2 2026 EPS estimate to $0.27 from $0.26, suggesting slightly better near-term profitability.
• Positive Sentiment: The firm also increased its Q4 2026 EPS estimate to $0.39 from $0.35 and FY2027 EPS to $1.86 from $1.80, signaling stronger longer-term earnings potential.
• Neutral Sentiment: Zacks trimmed its Q3 2026 EPS estimate slightly to $0.51 from $0.52, a minor offset to the more bullish revisions.
• Negative Sentiment: Bank of America reaffirmed an “underperform” rating, and recent coverage points to weak demand and fewer catalysts, which likely capped enthusiasm for the stock. Article

O-I Glass Company Profile

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.