Should I buy or sell O-I Glass stock right now?

8 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for O-I Glass in the last year. There are currently 4 hold ratings and 4 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "moderate buy" OI shares. View OI analyst ratings or view top-rated stocks .

What is O-I Glass' stock price target for 2024?

8 analysts have issued 12-month price targets for O-I Glass' shares. Their OI share price targets range from $16.00 to $32.00. On average, they expect the company's stock price to reach $22.67 in the next twelve months. This suggests a possible upside of 55.6% from the stock's current price. View analysts price targets for OI or view top-rated stocks among Wall Street analysts .

How have OI shares performed in 2024?

O-I Glass' stock was trading at $16.38 at the beginning of the year. Since then, OI shares have decreased by 11.1% and is now trading at $14.57. View the best growth stocks for 2024 here .

When is O-I Glass' next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Tuesday, April 30th 2024. View our OI earnings forecast .

How can I listen to O-I Glass' earnings call?

O-I Glass will be holding an earnings conference call on Wednesday, May 1st at 8:00 AM Eastern. Interested parties can register for or listen to the call using this link .

How were O-I Glass' earnings last quarter?

O-I Glass, Inc. (NYSE:OI) released its earnings results on Tuesday, February, 6th. The industrial products company reported $0.12 earnings per share for the quarter, topping analysts' consensus estimates of $0.03 by $0.09. The industrial products company earned $1.64 billion during the quarter, compared to analyst estimates of $1.63 billion. O-I Glass had a positive trailing twelve-month return on equity of 24.90% and a negative net margin of 1.45%. The company's revenue was down 3.1% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.38 earnings per share.

What ETFs hold O-I Glass' stock?

ETFs with the largest weight of O-I Glass (NYSE:OI) stock in their portfolio include Invesco S&P SmallCap Materials ETF (PSCM) , Invesco Dorsey Wright Basic Materials Momentum ETF (PYZ) , Invesco S&P SmallCap Value with Momentum ETF (XSVM) , Invesco S&P SmallCap 600 Pure Value ETF (RZV) , Fidelity Fundamental Small-Mid Cap ETF (FSMO) , WisdomTree U.S. SmallCap Fund (EES) , Invesco S&P SmallCap 600 Revenue ETF (RWJ) and Principal US Small-Cap Adaptive Multi-Factor ETF (PLTL) .

What guidance has O-I Glass issued on next quarter's earnings?

O-I Glass updated its FY 2024 earnings guidance on Tuesday, February, 6th. The company provided EPS guidance of 2.250-2.650 for the period, compared to the consensus earnings per share estimate of 2.520. The company issued revenue guidance of -.

What is Andres Lopez's approval rating as O-I Glass' CEO?

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.

What other stocks do shareholders of O-I Glass own?

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) .

Who are O-I Glass' major shareholders?

O-I Glass' stock is owned by many different retail and institutional investors. Top institutional investors include Leeward Investments LLC MA (0.40%), Thompson Investment Management Inc. (0.25%), tru Independence LLC (0.22%), Hennessy Advisors Inc. (0.13%), Allspring Global Investments Holdings LLC (0.09%) and State of Alaska Department of Revenue (0.06%). Insiders that own company stock include Arnaud Aujouannet and Vitaliano Torno. View institutional ownership trends .

How do I buy shares of O-I Glass?

Shares of OI stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services. Compare Top Brokerages Here .

NYSE:OI

O-I Glass (OI) Stock Price, News & Analysis

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Free OI Stock Alerts

$14.57

-0.85 (-5.51%)

(As of 04/19/2024 ET)

Compare

Today's Range: $14.14
▼
$14.83
50-Day Range: $14.57
▼
$17.26
52-Week Range: $13.56
▼
$23.57

Volume: 2.73 million shs
Average Volume: 1.33 million shs
Market Capitalization: $2.27 billion

P/E Ratio: N/A
Dividend Yield: N/A
Price Target: $22.67

Get O-I Glass alerts:

O-I Glass MarketRank™ Stock Analysis

Analyst Rating: Moderate Buy
2.50 Rating Score
Upside/Downside: 55.6% Upside
$22.67 Price Target
Short Interest: Healthy
2.89% of Float Sold Short
Dividend Strength: N/A
Sustainability: -4.94
Upright™ Environmental Score
News Sentiment: 0.31
Based on 14 Articles This Week
Insider Trading: N/A
Proj. Earnings Growth: 11.81%
From $2.37 to $2.65 Per Share

Overall MarketRank^™

New Rank-Based ScoringMarketRank^™ is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

3.58 out of 5 stars

Industrial Products Sector

55th out of 166 stocks

Glass Containers Industry

1st out of 2 stocks

3.3

Analyst's Opinion

Consensus Rating
O-I Glass has received a consensus rating of Moderate Buy. The company's average rating score is 2.50, and is based on 4 buy ratings, 4 hold ratings, and no sell ratings.
Amount of Analyst Coverage
O-I Glass has only been the subject of 3 research reports in the past 90 days.

5.0

Short Interest

Percentage of Shares Shorted
2.89% of the float of O-I Glass has been sold short.
Short Interest Ratio / Days to Cover
O-I Glass has a short interest ratio ("days to cover") of 2.6, which is generally considered an acceptable ratio of short interest to trading volume.
Change versus previous month
Short interest in O-I Glass has recently decreased by 14.00%, indicating that investor sentiment is improving significantly.

0.0

Dividend Strength

Dividend Yield
O-I Glass does not currently pay a dividend.
Dividend Growth
O-I Glass does not have a long track record of dividend growth.

0.0

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
O-I Glass has received a -106.47% net impact score from Upright. The largest negative impact of Owens-Illinois in category "GHG emissions" seems to be driven mostly by its "Glass food packages", "Glass pharmaceuticals packages", and "Glass containers" products. See details.
Environmental Sustainability
The Environmental Impact score for O-I Glass is -4.94.

1.8

News and Social Media Coverage

News Sentiment
O-I Glass has a news sentiment score of 0.31. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a lower news sentiment than the 0.59 average news sentiment score of Industrial Products companies.
News Coverage This Week
MarketBeat has tracked 14 news articles for O-I Glass this week, compared to 5 articles on an average week.
MarketBeat Follows
Only 1 people have added O-I Glass to their MarketBeat watchlist in the last 30 days. This is a decrease of -67% compared to the previous 30 days.

1.7

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, O-I Glass insiders have not sold or bought any company stock.
Percentage Held by Insiders
Only 1.49% of the stock of O-I Glass is held by insiders.
Percentage Held by Institutions
97.24% of the stock of O-I Glass is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

1.3

Earnings and Valuation

Earnings Growth
Earnings for O-I Glass are expected to grow by 11.81% in the coming year, from $2.37 to $2.65 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of O-I Glass is -19.43, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.
Price to Earnings Ratio vs. Sector
The P/E ratio of O-I Glass is -19.43, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.
Price to Earnings Growth Ratio
O-I Glass has a PEG Ratio of 1.06. PEG Ratios above 1 indicate that a company could be overvalued.
Price to Book Value per Share Ratio
O-I Glass has a P/B Ratio of 1.29. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

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About O-I Glass Stock (NYSE:OI)

O-I Glass, Inc., through its subsidiaries, engages in the manufacture and sale of glass containers to food and beverage manufacturers primarily in the Americas, Europe, and internationally. The company produces glass containers for alcoholic beverages, including beer, flavored malt beverages, spirits, and wine. It is also involved in the production of glass packaging for various food items, soft drinks, tea, juices, and pharmaceuticals. In addition, the company offers glass containers in a range of sizes, shapes, and colors. It sells its products directly to customers under annual or multi-year supply agreements, as well as through distributors. O-I Glass, Inc. was founded in 1903 and is based in Perrysburg, Ohio.

OI Stock Price History

30 days | 90 days | 365 days | Advanced Chart

OI Stock News Headlines

April 20, 2024 | americanbankingnews.com

O-I Glass, Inc. (NYSE:OI) Receives Average Recommendation of "Moderate Buy" from Brokerages

April 19, 2024 | msn.com

O-I Glass cut at BofA, seeing weak demand for glass-packaged alcohol products

April 20, 2024 | Timothy Sykes (Ad)

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This groundbreaking technology that Tim calls “Inception” isn’t being talked about anywhere… not on Fox, Yahoo, or CNBC.

April 19, 2024 | msn.com

O-I Glass completes $120m plant upgradation project in Colombia

April 18, 2024 | americanbankingnews.com

O-I Glass Target of Unusually Large Options Trading (NYSE:OI)

April 18, 2024 | americanbankingnews.com

O-I Glass, Inc. to Post Q1 2024 Earnings of $0.34 Per Share, Zacks Research Forecasts (NYSE:OI)

April 16, 2024 | finance.yahoo.com

O-I PACKAGING SOLUTIONS AND REVINO ROLL OUT RETURNABLE, REUSABLE GLASS WINE BOTTLES TO PACIFIC NORTHWEST

April 11, 2024 | finanznachrichten.de

O-I Glass, Inc.: O-I Makes Further Inroads Towards Decarbonization

April 20, 2024 | Timothy Sykes (Ad)

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O-I Makes Further Inroads Towards Decarbonization

April 9, 2024 | globenewswire.com

O-I Glass Drinktainer Enters RTD Market

April 5, 2024 | fool.com

Investing in Glass Stocks

April 4, 2024 | markets.businessinsider.com

O-I Glass Appoints Hardie As CEO

April 4, 2024 | globenewswire.com

O-I Glass Appoints Gordon Hardie as Chief Executive Officer

April 3, 2024 | globenewswire.com

O-I Glass Announces First Quarter 2024 Earnings Conference Call and Webcast

March 31, 2024 | finance.yahoo.com

Strong week for O-I Glass (NYSE:OI) shareholders doesn't alleviate pain of one-year loss

March 27, 2024 | msn.com

O-I selected for up to $125m in funding from US Department of Energy

March 26, 2024 | globenewswire.com

O-I GLASS JOINS SUSTAINABLE WINE ROUNDTABLE TO ADVISE AND ADVANCE GLOBAL WINE SUSTAINABILITY

March 25, 2024 | msn.com

O-I Glass wins up to $125M in DoE funding for decarbonization project

March 25, 2024 | globenewswire.com

O-I Glass Selected by US Department of Energy to Receive $125 M Investment to Accelerate Industrial Decarbonization Technologies

March 22, 2024 | benzinga.com

Peering Into O-I Glass's Recent Short Interest

March 20, 2024 | msn.com

O-I Brazil tackles waste at football games with recycling programme

March 16, 2024 | finance.yahoo.com

OI Apr 2024 18.000 call

March 16, 2024 | finance.yahoo.com

OI Apr 2024 16.000 put

March 16, 2024 | msn.com

O-I Glass invests in Scottish community to build future workforce

March 15, 2024 | finance.yahoo.com

OI Mar 2024 32.000 call

March 6, 2024 | msn.com

O-I Glass CEO Andres Lopez to retire

See More Headlines

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Company Calendar

Last Earnings: 2/06/2024
Today: 4/20/2024
Next Earnings (Confirmed): 4/30/2024
Fiscal Year End: 12/31/2024

Get Stock Alerts

Industry, Sector and Symbol

Stock Exchange: NYSE
Sector: Industrial Products
Industry: Glass containers
Sub-Industry: Metal & Glass Containers
Current Symbol: NYSE:OI
CUSIP: 69076840
CIK: 812074
Web: www.o-i.com
Phone: (567) 336-5000
Fax: 419-247-7107
Employees: 23,000
Year Founded: N/A

Price Target and Rating

Average Stock Price Target: $22.67
High Stock Price Target: $32.00
Low Stock Price Target: $16.00
Potential Upside/Downside: +55.6%
Consensus Rating: Moderate Buy
Rating Score (0-4): 2.50
Research Coverage: 8 Analysts

Profitability

EPS (Most Recent Fiscal Year): ($0.75)
Trailing P/E Ratio: N/A
Forward P/E Ratio: 6.15
P/E Growth: 1.04
Net Income: $-103,000,000.00
Net Margins: -1.45%
Pretax Margin: 0.94%
Return on Equity: 24.90%
Return on Assets: 5.07%

Debt

Debt-to-Equity Ratio: 2.69
Current Ratio: 1.23
Quick Ratio: 0.77

Sales & Book Value

Annual Sales: $7.11 billion
Price / Sales: 0.32
Cash Flow: $6.15 per share
Price / Cash Flow: 2.37
Book Value: $11.27 per share
Price / Book: 1.29

Miscellaneous

Outstanding Shares: 155,690,000
Free Float: 153,366,000
Market Cap: $2.27 billion
Optionable: Optionable
Beta: 1.35

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Key Executives

Mr. Andres Alberto Lopez (Age 61)
CEO, President & Director
Comp: $4.51M
Mr. John A. Haudrich (Age 56)
Senior VP & CFO
Comp: $1.89M
Mr. Darrow A. Abrahams (Age 50)
Senior VP, General Counsel & Corporate Secretary
Comp: $1.17M
Mr. Arnaud Aujouannet (Age 54)
Senior VP and Chief Sales & Marketing Officer
Comp: $1.1M
Mr. Vitaliano Torno (Age 65)
Senior VP of Global Business Operations & President of O-I Europe
Comp: $2M
Mr. John Reynolds
Vice President of Global Accounting
Mr. Ludovic Valette
VP & CTO
Mr. Christopher David Manuel
Vice President of Investor Relations
Mr. Pablo Vercelli
Vice President of Global People & Culture
Mr. Timothy M. Connors (Age 49)
Managing Director of Americas North

Key Competitors

View All Competitors

Institutional Ownership

View All Institutional Transactions

OI Stock Analysis - Frequently Asked Questions

Should I buy or sell O-I Glass stock right now?: 8 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for O-I Glass in the last year. There are currently 4 hold ratings and 4 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "moderate buy" OI shares.
View OI analyst ratings or view top-rated stocks.
What is O-I Glass' stock price target for 2024?: 8 analysts have issued 12-month price targets for O-I Glass' shares. Their OI share price targets range from $16.00 to $32.00. On average, they expect the company's stock price to reach $22.67 in the next twelve months. This suggests a possible upside of 55.6% from the stock's current price.
View analysts price targets for OI or view top-rated stocks among Wall Street analysts.
How have OI shares performed in 2024?: O-I Glass' stock was trading at $16.38 at the beginning of the year. Since then, OI shares have decreased by 11.1% and is now trading at $14.57.
View the best growth stocks for 2024 here.
When is O-I Glass' next earnings date?: The company is scheduled to release its next quarterly earnings announcement on Tuesday, April 30th 2024.
View our OI earnings forecast.
How can I listen to O-I Glass' earnings call?: O-I Glass will be holding an earnings conference call on Wednesday, May 1st at 8:00 AM Eastern. Interested parties can register for or listen to the call using this link.
How were O-I Glass' earnings last quarter?: O-I Glass, Inc. (NYSE:OI) released its earnings results on Tuesday, February, 6th. The industrial products company reported $0.12 earnings per share for the quarter, topping analysts' consensus estimates of $0.03 by $0.09. The industrial products company earned $1.64 billion during the quarter, compared to analyst estimates of $1.63 billion. O-I Glass had a positive trailing twelve-month return on equity of 24.90% and a negative net margin of 1.45%. The company's revenue was down 3.1% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.38 earnings per share.

What ETFs hold O-I Glass' stock?: ETFs with the largest weight of O-I Glass (NYSE:OI) stock in their portfolio include Invesco S&P SmallCap Materials ETF (PSCM), Invesco Dorsey Wright Basic Materials Momentum ETF (PYZ), Invesco S&P SmallCap Value with Momentum ETF (XSVM), Invesco S&P SmallCap 600 Pure Value ETF (RZV), Fidelity Fundamental Small-Mid Cap ETF (FSMO), WisdomTree U.S. SmallCap Fund (EES), Invesco S&P SmallCap 600 Revenue ETF (RWJ) and Principal US Small-Cap Adaptive Multi-Factor ETF (PLTL).
What guidance has O-I Glass issued on next quarter's earnings?: O-I Glass updated its FY 2024 earnings guidance on Tuesday, February, 6th. The company provided EPS guidance of 2.250-2.650 for the period, compared to the consensus earnings per share estimate of 2.520. The company issued revenue guidance of -.
What is Andres Lopez's approval rating as O-I Glass' CEO?: 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.
What other stocks do shareholders of O-I Glass own?: 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).
Who are O-I Glass' major shareholders?: O-I Glass' stock is owned by many different retail and institutional investors. Top institutional investors include Leeward Investments LLC MA (0.40%), Thompson Investment Management Inc. (0.25%), tru Independence LLC (0.22%), Hennessy Advisors Inc. (0.13%), Allspring Global Investments Holdings LLC (0.09%) and State of Alaska Department of Revenue (0.06%). Insiders that own company stock include Arnaud Aujouannet and Vitaliano Torno.
View institutional ownership trends.
How do I buy shares of O-I Glass?: Shares of OI stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

This page (NYSE:OI) was last updated on 4/20/2024 by MarketBeat.com Staff

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O-I Glass (OI) Stock Price, News & Analysis

O-I Glass MarketRank™ Stock Analysis

Overall MarketRank™

Analyst's Opinion

Short Interest

Percentage of Shares Shorted

Short Interest Ratio / Days to Cover

Change versus previous month

Dividend Strength

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score

Environmental Sustainability

News and Social Media Coverage

News Sentiment

News Coverage This Week

MarketBeat Follows

Company Ownership

Earnings and Valuation

About O-I Glass Stock (NYSE:OI)

OI Stock Price History

OI Stock News Headlines

Company Calendar

Industry, Sector and Symbol

Price Target and Rating

Profitability

Debt

Sales & Book Value

Miscellaneous

Key Executives

Key Competitors

Institutional Ownership

OI Stock Analysis - Frequently Asked Questions

Overall MarketRank^™