Key Points
- O-I Glass SVP Eduardo Restrepo bought 3,309 shares on May 14 at an average price of $8.98, spending about $29,715 and increasing his stake by 3.64% to 94,199 shares.
- The stock is under pressure, opening at $8.33 and sitting near its 12-month low of $8.00, well below its 50-day and 200-day moving averages.
- Recent earnings and analyst sentiment have been mixed to negative: O-I Glass missed EPS estimates in its latest quarter, and several analysts have cut ratings or price targets, with MarketBeat showing a consensus rating of Hold and a $15.50 price target.
O-I Glass, Inc. (NYSE:OI - Get Free Report) SVP Eduardo Restrepo bought 3,309 shares of O-I Glass stock in a transaction on Thursday, May 14th. The shares were acquired at an average price of $8.98 per share, for a total transaction of $29,714.82. Following the completion of the acquisition, the senior vice president owned 94,199 shares of the company's stock, valued at approximately $845,907.02. This represents a 3.64% increase in their position. The acquisition was disclosed in a filing with the SEC, which is accessible through this link.
O-I Glass Stock Down 6.1%
Shares of OI stock opened at $8.33 on Friday. The firm has a fifty day moving average of $10.29 and a 200-day moving average of $12.93. The company has a quick ratio of 0.73, a current ratio of 1.26 and a debt-to-equity ratio of 3.35. O-I Glass, Inc. has a 12-month low of $8.00 and a 12-month high of $16.91. The company has a market capitalization of $1.28 billion, a price-to-earnings ratio of -6.82, a P/E/G ratio of 1.01 and a beta of 0.65.
O-I Glass (NYSE:OI - Get Free Report) last issued its quarterly earnings data on Tuesday, April 28th. The industrial products company reported $0.05 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.09 by ($0.04). O-I Glass had a positive return on equity of 13.65% and a negative net margin of 2.91%.The company had revenue of $1.54 billion for the quarter, compared to the consensus estimate of $1.47 billion. During the same period in the prior year, the company earned $0.40 EPS. The firm's revenue was down 1.7% on a year-over-year basis. O-I Glass has set its FY 2026 guidance at 1.000-1.500 EPS. As a group, equities research analysts predict that O-I Glass, Inc. will post 1.2 earnings per share for the current fiscal year.
Analyst Upgrades and Downgrades
OI has been the subject of several research reports. Zacks Research downgraded shares of O-I Glass from a "hold" rating to a "strong sell" rating in a research report on Tuesday, March 3rd. Royal Bank Of Canada set a $14.00 target price on O-I Glass in a research note on Friday, April 17th. Wells Fargo & Company cut O-I Glass from an "overweight" rating to an "equal weight" rating and cut their target price for the company from $18.00 to $13.00 in a research note on Friday, March 20th. UBS Group cut their target price on 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. Finally, Robert W. Baird set a $20.00 target price on O-I Glass in a research note on Thursday, February 12th. One analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, two have issued a Hold rating and two have given a Sell rating to the company's stock. Based on data from MarketBeat.com, the company has a consensus rating of "Hold" and a consensus price target of $15.50.
Check Out Our Latest Stock Analysis on OI
Trending Headlines about O-I Glass
Here are the key news stories impacting O-I Glass this week:
- Positive Sentiment: Traders bought 2,354 call options on O-I Glass, a large jump versus normal activity, suggesting some investors are betting on a rebound.
- Neutral Sentiment: Zacks Research slightly raised its Q4 2026 EPS estimate to $0.35 from $0.34, indicating a modest improvement in that quarter.
- Negative Sentiment: Zacks Research cut its Q2 2026 EPS estimate to $0.29 from $0.51, a sizable reduction that signals weaker near-term profitability.
- Negative Sentiment: The firm also lowered FY2026 EPS to $1.21 from $1.67 and FY2027 EPS to $1.78 from $2.09, pointing to a more cautious longer-term outlook.
- Negative Sentiment: Additional forecast cuts were made for several quarters from late 2026 through 2028, reinforcing concerns about earnings momentum.
- Negative Sentiment: The repeated downgrade pressure and “Strong Sell” stance are likely contributing to the stock’s weakness today. O-I Glass (OI) price target decreased by 20.27% to 13.37
Hedge Funds Weigh In On O-I Glass
Several hedge funds have recently modified their holdings of the stock. Cooper Creek Partners Management LLC grew its holdings in shares of O-I Glass by 73.8% in the 1st 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 acquiring an additional 2,975,181 shares in the last quarter. Entropy Technologies LP grew its holdings in shares of O-I Glass by 7.2% in the 1st quarter. Entropy Technologies LP now owns 49,281 shares of the industrial products company's stock valued at $518,000 after acquiring an additional 3,315 shares in the last quarter. Arrowstreet Capital Limited Partnership grew its holdings in shares of O-I Glass by 32.1% in the 1st quarter. Arrowstreet Capital Limited Partnership now owns 4,246,337 shares of the industrial products company's stock valued at $44,629,000 after acquiring an additional 1,030,705 shares in the last quarter. Cetera Investment Advisers grew its holdings in shares of O-I Glass by 15.6% in the 1st quarter. Cetera Investment Advisers now owns 44,720 shares of the industrial products company's stock valued at $470,000 after acquiring an additional 6,027 shares in the last quarter. Finally, Icon Advisers Inc. Co. grew its holdings in shares of O-I Glass by 7.5% in the 1st quarter. Icon Advisers Inc. Co. now owns 285,000 shares of the industrial products company's stock valued at $2,995,000 after acquiring an additional 20,000 shares in the last quarter. Institutional investors own 97.24% of the company's stock.
About O-I Glass
(
Get Free Report)
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.
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