O-I Glass (NYSE:OI) Given New $10.00 Price Target at Citigroup
by Scott Moore · The Cerbat GemO-I Glass (NYSE:OI – Get Free Report) had its price target reduced by research analysts at Citigroup from $12.00 to $10.00 in a note issued to investors on Monday,Benzinga reports. The brokerage currently has a “neutral” rating on the industrial products company’s stock. Citigroup’s target price indicates a potential upside of 9.94% from the company’s current price.
Other research analysts have also recently issued reports about the stock. Robert W. Baird set a $20.00 target price on shares of O-I Glass in a report on Thursday, February 12th. UBS Group reduced their price target on O-I Glass from $21.00 to $18.00 and set a “buy” rating on the stock in a research report on Friday, April 10th. Weiss Ratings restated a “sell (d-)” rating on shares of O-I Glass in a research note on Tuesday, April 21st. Wells Fargo & Company cut O-I Glass from an “overweight” rating to an “equal weight” rating and dropped their price objective for the company from $18.00 to $13.00 in a report on Friday, March 20th. Finally, Royal Bank Of Canada set a $14.00 target price on O-I Glass in a research report on Friday, April 17th. One equities research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, two have given a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $15.50.
Check Out Our Latest Research Report on OI
O-I Glass Stock Performance
Shares of O-I Glass stock traded down $0.39 during trading on Monday, reaching $9.10. The company’s stock had a trading volume of 1,706,348 shares, compared to its average volume of 2,250,108. The company has a quick ratio of 0.73, a current ratio of 1.26 and a debt-to-equity ratio of 3.35. The business’s 50-day moving average price is $11.14 and its 200-day moving average price is $13.14. O-I Glass has a 52 week low of $8.00 and a 52 week high of $16.91. The firm has a market cap of $1.39 billion, a PE ratio of -7.45, a P/E/G ratio of 1.19 and a beta of 0.65.
O-I Glass (NYSE:OI – Get Free Report) last released its quarterly earnings results on Tuesday, April 28th. The industrial products company reported $0.05 EPS for the quarter, missing analysts’ consensus estimates 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 business 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 business posted $0.40 earnings per share. O-I Glass’s revenue was down 1.7% compared to the same quarter last year. O-I Glass has set its FY 2026 guidance at 1.000-1.500 EPS. Equities analysts forecast that O-I Glass will post 1.1 earnings per share for the current year.
Institutional Inflows and Outflows
A number of hedge funds have recently added to or reduced their stakes in the company. Farther Finance Advisors LLC raised its position in O-I Glass by 87.6% during the fourth quarter. Farther Finance Advisors LLC now owns 1,778 shares of the industrial products company’s stock valued at $26,000 after purchasing an additional 830 shares in the last quarter. Headlands Technologies LLC bought a new position in shares of O-I Glass in the 2nd quarter valued at $29,000. Quarry LP acquired a new position in shares of O-I Glass during the 4th quarter worth $32,000. Caitong International Asset Management Co. Ltd raised its holdings in shares of O-I Glass by 36,533.3% during the 4th quarter. Caitong International Asset Management Co. Ltd now owns 2,198 shares of the industrial products company’s stock worth $32,000 after buying an additional 2,192 shares in the last quarter. Finally, State of Wyoming bought a new stake in shares of O-I Glass during the 2nd quarter worth $35,000. 97.24% of the stock is owned by institutional investors.
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.