O-I Glass’ (OI) “Underperform” Rating Reiterated at Bank of America

Bank of America restated their underperform rating on shares of O-I Glass (NYSE:OI) in a research report report published on Tuesday morning, Marketbeat Ratings reports. They currently have a $11.00 target price on the industrial products company’s stock.

Other research analysts have also recently issued research reports about the stock. Weiss Ratings cut shares of O-I Glass from a “sell (d-)” rating to a “sell (e+)” rating in a report on Tuesday, June 30th. UBS Group reduced their price objective on O-I Glass from $21.00 to $18.00 and set a “buy” rating for the company in a research note on Friday, April 10th. Wells Fargo & Company lowered O-I Glass from an “overweight” rating to an “equal weight” rating and reduced their price objective for the company from $18.00 to $13.00 in a research note on Friday, March 20th. Truist Financial reissued a “buy” rating and issued a $14.00 price objective (down from $15.00) on shares of O-I Glass in a report on Thursday, April 30th. Finally, Royal Bank Of Canada lowered their target price on O-I Glass from $14.00 to $11.00 and set an “outperform” rating on the stock in a research note on Thursday, July 9th. Four investment analysts have rated the stock with a Buy rating, two have assigned a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat, O-I Glass presently has an average rating of “Hold” and an average price target of $13.57.

O-I Glass Price Performance

Shares of NYSE:OI opened at $9.59 on Tuesday. O-I Glass has a twelve month low of $7.75 and a twelve month high of $16.91. The company’s 50 day moving average is $9.03 and its 200 day moving average is $11.53. 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 market cap of $1.47 billion, a PE ratio of -7.86, a price-to-earnings-growth ratio of 1.13 and a beta of 0.62.

O-I Glass (NYSE:OI) last announced its quarterly earnings data on Tuesday, April 28th. The industrial products company reported $0.05 EPS for the quarter, missing the consensus estimate of $0.09 by ($0.04). The business had revenue of $1.54 billion for the quarter, compared to analyst estimates 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 was down 1.7% on a year-over-year basis. During the same quarter in the previous year, the firm posted $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 forecast that O-I Glass will post 1.14 EPS for the current year.

Insider Activity at O-I Glass

In other news, SVP Darrow A. Abrahams bought 2,774 shares of the stock in a transaction dated Monday, May 11th. The shares were acquired at an average cost of $9.04 per share, with a total value of $25,076.96. Following the purchase, the senior vice president directly owned 235,928 shares in the company, valued at $2,132,789.12. The trade was a 1.19% increase in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, SVP Eduardo Restrepo bought 3,309 shares of the stock in a transaction dated Thursday, May 14th. The shares were purchased at an average cost of $8.98 per share, for a total transaction of $29,714.82. Following the completion of the purchase, the senior vice president owned 94,199 shares in the company, valued at approximately $845,907.02. This represents a 3.64% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Insiders bought a total of 17,083 shares of company stock worth $157,312 in the last three months. Company insiders own 1.00% of the company’s stock.

Hedge Funds Weigh In On O-I Glass

Institutional investors and hedge funds have recently modified their holdings of the business. Dimensional Fund Advisors LP raised its holdings in O-I Glass by 8.6% in the 1st quarter. Dimensional Fund Advisors LP now owns 9,238,635 shares of the industrial products company’s stock worth $97,094,000 after purchasing an additional 729,191 shares during the period. Alliancebernstein L.P. grew its holdings in O-I Glass by 0.7% in the third quarter. Alliancebernstein L.P. now owns 7,996,786 shares of the industrial products company’s stock valued at $103,718,000 after purchasing an additional 56,945 shares during the period. Cooper Creek Partners Management LLC grew its holdings in O-I Glass by 73.8% in the first quarter. Cooper Creek Partners Management LLC now owns 7,006,293 shares of the industrial products company’s stock valued at $73,636,000 after purchasing an additional 2,975,181 shares during the period. Arrowstreet Capital Limited Partnership increased its position in shares of O-I Glass by 32.1% in the first quarter. Arrowstreet Capital Limited Partnership now owns 4,246,337 shares of the industrial products company’s stock valued at $44,629,000 after buying an additional 1,030,705 shares in the last quarter. Finally, Geode Capital Management LLC increased its position in shares of O-I Glass by 0.6% in the fourth quarter. Geode Capital Management LLC now owns 3,783,387 shares of the industrial products company’s stock valued at $55,852,000 after buying an additional 22,430 shares in the last quarter. Hedge funds and other institutional investors own 97.24% of the company’s stock.

Key Headlines Impacting O-I Glass

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,” while also lifting multiple earnings forecasts, including FY2026 and FY2027. Zacks.com
• Positive Sentiment: Truist Financial reaffirmed a “buy” rating on O-I Glass and kept a price target well above the recent share price, signaling continued upside potential. Benzinga
• Positive Sentiment: Unusual options activity showed a surge in call buying, often interpreted as traders positioning for additional upside.
• Neutral Sentiment: Zacks made only modest near-term EPS changes for some quarters, including small cuts to Q2 2026, Q3 2026, Q1 2028, and Q2 2028 estimates, offset by increases in other periods.
• Negative Sentiment: Bank of America reportedly reaffirmed an “underperform” view, and a recent downgrade cited weak demand and fewer catalysts, which could limit enthusiasm for the stock. MSN article

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.