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

O-I Glass, Inc. (NYSE:OI)’s stock price hit a new 52-week low during mid-day trading on Thursday . The company traded as low as $6.71 and last traded at $6.73, with a volume of 3040802 shares. The stock had previously closed at $7.15.

Key O-I Glass News

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

• Positive Sentiment: Zacks Research raised its EPS estimates for O-I Glass’ first and second quarters of 2028 to $0.66 and $0.72, respectively, from $0.63 and $0.65. These increases suggest analysts still see potential for an earnings recovery over the longer term, although Zacks maintained a “Hold” rating. Zacks Research estimate update
• Neutral Sentiment: Zacks’ revisions are mixed: estimates were raised for some 2028 quarters but reduced for several 2026–2027 periods. The firm now projects FY2026 EPS of $0.37 and FY2027 EPS of $1.29, while retaining a “Hold” rating. Zacks Research analysts cut earnings estimates
• Negative Sentiment: Zacks sharply lowered its FY2026 EPS forecast to $0.37 from $1.21, cut third-quarter 2026 EPS to $0.14 from $0.51, and reduced fourth-quarter 2026 EPS to $0.09 from $0.39. It also lowered FY2027 EPS to $1.29 from $1.86, with additional cuts to second- and third-quarter 2027 estimates. The revisions indicate a slower recovery than previously expected. Zacks Research earnings estimate revisions
• Negative Sentiment: RBC downgraded O-I Glass, citing weak demand and elevated energy costs that are delaying the company’s turnaround. The downgrade reinforces concerns about margins, operating momentum and the timing of earnings recovery. RBC downgrade of O-I Glass

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on OI shares. Weiss Ratings downgraded O-I Glass from a “sell (d-)” rating to a “sell (e+)” rating in a research note on Thursday, July 30th. Zacks Research upgraded O-I Glass from a “strong sell” rating to a “hold” rating in a research report on Monday, July 13th. Bank of America reiterated an “underperform” rating and set a $11.00 price objective on shares of O-I Glass in a research note on Tuesday, July 14th. Royal Bank Of Canada lowered shares of O-I Glass from an “outperform” rating to a “sector perform” rating and reduced their price objective for the company from $10.00 to $8.00 in a research report on Thursday. Finally, BNP Paribas Exane lowered shares of O-I Glass from an “outperform” rating to a “neutral” rating and set a $8.50 price objective for the company. in a research note on Thursday, July 30th. Three investment analysts have rated the stock with a Buy rating, four have given a Hold rating and two have given a Sell rating to the company. According to MarketBeat.com, O-I Glass presently has an average rating of “Hold” and a consensus price target of $10.19.

O-I Glass Stock Down 0.8%

The company has a current ratio of 1.26, a quick ratio of 0.77 and a debt-to-equity ratio of 8.89. The stock has a market cap of $1.04 billion, a P/E ratio of -0.90, a P/E/G ratio of 2.22 and a beta of 0.66. The firm’s fifty day moving average is $8.70 and its 200 day moving average is $10.46.

O-I Glass (NYSE:OI) last announced its earnings results on Tuesday, July 28th. The industrial products company reported $0.09 earnings per share for the quarter, missing the consensus estimate of $0.24 by ($0.15). The business had revenue of $1.67 billion for the quarter, compared to the consensus estimate of $1.68 billion. O-I Glass had a negative net margin of 18.13% and a positive return on equity of 10.40%. O-I Glass’s revenue for the quarter was down 2.2% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.53 EPS. As a group, equities research analysts forecast that O-I Glass, Inc. will post 0.42 EPS for the current year.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of OI. BlackRock Inc. acquired a new stake in O-I Glass during the second quarter worth $225,727,000. Alliancebernstein L.P. raised its stake in shares of O-I Glass by 194.6% in the 2nd quarter. Alliancebernstein L.P. now owns 7,939,841 shares of the industrial products company’s stock valued at $117,033,000 after buying an additional 5,244,440 shares in the last quarter. Cooper Creek Partners Management LLC lifted its holdings in shares of O-I Glass by 73.8% during the 1st quarter. Cooper Creek Partners Management LLC now owns 7,006,293 shares of the industrial products company’s stock worth $73,636,000 after acquiring an additional 2,975,181 shares during the period. Wellington Management Group LLP bought a new position in shares of O-I Glass during the 4th quarter worth about $40,090,000. Finally, Arrowstreet Capital Limited Partnership boosted its position in shares of O-I Glass by 288.7% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 3,215,632 shares of the industrial products company’s stock valued at $47,463,000 after acquiring an additional 2,388,299 shares in the last quarter. 97.24% of the stock is currently owned by institutional investors and hedge funds.

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.