Truist Financial Lowers O-I Glass (NYSE:OI) Price Target to $15.00

O-I Glass (NYSE:OI) had its target price decreased by analysts at Truist Financial from $20.00 to $15.00 in a research note issued to investors on Wednesday,Benzinga reports. The brokerage presently has a “buy” rating on the industrial products company’s stock. Truist Financial’s price objective indicates a potential upside of 44.02% from the stock’s previous close.

OI has been the topic of a number of other research reports. Robert W. Baird set a $20.00 price objective on shares of O-I Glass in a research note on Thursday, February 12th. Weiss Ratings restated a “sell (d-)” rating on shares of O-I Glass in a research note on Thursday, January 22nd. Wall Street Zen lowered shares of O-I Glass from a “buy” rating to a “hold” rating in a research note on Saturday, February 28th. Wells Fargo & Company lowered shares of O-I Glass from an “overweight” rating to an “equal weight” rating and dropped their price target for the stock from $18.00 to $13.00 in a research note on Friday, March 20th. Finally, Royal Bank Of Canada dropped their price target on shares of O-I Glass from $19.00 to $18.00 and set an “outperform” rating for the company in a research note on Thursday, February 26th. One equities research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, three have assigned a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $16.11.

O-I Glass Trading Down 1.7%

OI opened at $10.42 on Wednesday. The firm has a market capitalization of $1.60 billion, a P/E ratio of -12.40, a P/E/G ratio of 0.89 and a beta of 0.84. The firm’s 50 day moving average is $12.17 and its 200-day moving average is $13.28. O-I Glass has a 52-week low of $9.84 and a 52-week high of $16.91. The company has a quick ratio of 0.77, a current ratio of 1.25 and a debt-to-equity ratio of 3.35.

O-I Glass (NYSE:OI) last posted its quarterly earnings data on Tuesday, February 10th. The industrial products company reported $0.20 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.19 by $0.01. The company had revenue of $1.50 billion for the quarter, compared to analyst estimates of $1.52 billion. O-I Glass had a negative net margin of 2.01% and a positive return on equity of 18.07%. The business’s quarterly revenue was down 1.9% on a year-over-year basis. During the same quarter last year, the firm posted ($0.05) earnings per share. Analysts expect that O-I Glass will post 1.33 EPS for the current fiscal year.

Institutional Trading of O-I Glass

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Farther Finance Advisors LLC increased its stake in shares of O-I Glass by 87.6% in the fourth quarter. Farther Finance Advisors LLC now owns 1,778 shares of the industrial products company’s stock worth $26,000 after buying an additional 830 shares during the last quarter. Headlands Technologies LLC acquired a new position in O-I Glass in the second quarter worth $29,000. Quarry LP acquired a new position in O-I Glass in the fourth quarter worth $32,000. Caitong International Asset Management Co. Ltd boosted its holdings in 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 worth $32,000 after purchasing an additional 2,192 shares during the period. Finally, State of Wyoming acquired a new position in O-I Glass in the second quarter worth $35,000. Institutional investors own 97.24% of the company’s stock.

Trending Headlines about O-I Glass

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

• Positive Sentiment: Truist trimmed its price target from $20 to $15 but maintained a “Buy” rating, implying sizable upside from current levels and providing some support to the stock. Truist price target cut (Benzinga)
• Positive Sentiment: Unusual options activity: roughly 2,354 calls were bought — a ~3,039% jump versus average — signaling short-term bullish/speculative interest that can lift the stock if momentum continues. (No article)
• Neutral Sentiment: Analysts overall show mixed-to-cautious stances: a consensus “Hold” appears in recent coverage and some brokerage notes are mixed, so market views are not uniformly bearish. O-I Glass draws mixed brokerage ratings (Kalkine)
• Negative Sentiment: Zacks Research cut multiple quarterly and full‑year EPS forecasts (Q1–Q4 and FY2026–FY2028 items) and maintains a “Strong Sell” rating — a broad set of downward revisions that materially hurts near‑term expectations and likely pressured the share price.
• Negative Sentiment: Citigroup issued a pessimistic forecast for O‑I Glass, adding to negative analyst commentary and dampening investor confidence. Citigroup pessimistic forecast (American Banking News)

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.