O-I Glass (NYSE:OI) Stock Gets Price Target Reduction from Citigroup

O-I Glass (NYSE:OI) had its target price reduced by Citigroup from $9.00 to $8.00 in a report released on Thursday morning,Benzinga reports. They currently have a buy rating on the industrial products company’s stock.

OI has been the subject of several other reports. Wells Fargo & Company lowered their price objective on O-I Glass from $12.00 to $10.00 and set an “overweight” rating for the company in a research report on Monday, October 19th. UBS Group cut shares of O-I Glass from a “buy” rating to a “neutral” rating and decreased their price target for the company from $11.00 to $6.00 in a research report on Monday, October 5th. BNP Paribas Exane lowered shares of O-I Glass from an “outperform” rating to a “neutral” rating and set a $8.50 target price on the stock. in a research note on Thursday, July 30th. Royal Bank Of Canada reduced their target price on shares of O-I Glass from $8.00 to $7.00 and set a “sector perform” rating on the stock in a report on Tuesday, October 13th. Finally, Bank of America downgraded shares of O-I Glass from a “buy” rating to an “underperform” rating and set a $11.00 price target for the company. in a research note on Tuesday, July 14th. Three investment analysts have rated the stock with a Buy rating, four have issued a Hold rating and two have given a Sell rating to the company. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $8.81.

O-I Glass Stock Down 4.0%

NYSE:OI opened at $5.08 on Thursday. The firm has a market capitalization of $782.02 million, a P/E ratio of -0.65, a PEG ratio of 1.97 and a beta of 0.68. The company’s fifty day moving average price is $6.28 and its 200-day moving average price is $9.53. O-I Glass has a 1-year low of $5.00 and a 1-year high of $16.91. The company has a debt-to-equity ratio of 8.84, a current ratio of 1.28 and a quick ratio of 0.77.

O-I Glass (NYSE:OI) last announced its quarterly earnings results on Tuesday, October 27th. The industrial products company reported ($0.09) earnings per share for the quarter, missing the consensus estimate of $0.16 by ($0.25). The company had revenue of $1.62 billion for the quarter, compared to analyst estimates of $1.64 billion. O-I Glass had a positive return on equity of 3.74% and a negative net margin of 18.89%. O-I Glass’s revenue for the quarter was down 1.8% on a year-over-year basis. During the same period in the prior year, the business posted $0.48 earnings per share. As a group, equities research analysts anticipate that O-I Glass will post 0.06 EPS for the current year.

Institutional Investors Weigh In On O-I Glass

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Fortitude Family Office LLC grew its position in O-I Glass by 5,036.0% during the 3rd quarter. Fortitude Family Office LLC now owns 4,417 shares of the industrial products company’s stock worth $25,000 after acquiring an additional 4,331 shares during the last quarter. Optiver Holding B.V. raised its position in O-I Glass by 491.5% in the first quarter. Optiver Holding B.V. now owns 2,496 shares of the industrial products company’s stock valued at $26,000 after purchasing an additional 2,074 shares during the last quarter. Wealth Enhancement Trust Services Inc. raised its position in O-I Glass by 57.3% in the third quarter. Wealth Enhancement Trust Services Inc. now owns 5,825 shares of the industrial products company’s stock valued at $33,000 after purchasing an additional 2,121 shares during the last quarter. Fiduciary Financial Advisors bought a new position in O-I Glass in the second quarter valued at about $34,000. Finally, Farther Finance Advisors LLC boosted its stake in shares of O-I Glass by 69.4% during the third quarter. Farther Finance Advisors LLC now owns 7,336 shares of the industrial products company’s stock valued at $41,000 after purchasing an additional 3,006 shares in the last quarter. 97.24% of the stock is currently owned by institutional investors and hedge funds.

Key O-I Glass News

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

• Positive Sentiment: Citigroup and Truist Financial maintained buy ratings, although they reduced their price targets to $8 and $7, respectively. These targets still imply substantial upside from recent trading levels. Citigroup analyst update Truist analyst update
• Neutral Sentiment: O-I Glass updated its 2026 adjusted EBITDA outlook to $925 million-$950 million and continues to target at least $650 million in cumulative benefits from its Fit to Win program by the end of 2027. Execution against these targets will be important for restoring investor confidence. O-I Glass EBITDA outlook
• Negative Sentiment: Recent results missed expectations: O-I Glass reported a quarterly loss of $0.09 per share versus the consensus expectation of $0.16 in earnings, while revenue declined 1.8% year over year to $1.62 billion. Reports also point to a weaker 2026 outlook, adding to concerns about operating performance. O-I Glass weaker results and outlook
• Negative Sentiment: Multiple law firms announced or promoted a securities class action covering investors who purchased O-I Glass securities from March 14, 2025, through July 28, 2026. The complaints allege that the company and certain executives made misleading statements or failed to disclose adverse developments involving the Fit to Win program and its 2026 financial outlook. The lead-plaintiff deadline is December 28, 2026. O-I Glass class action announcement

About O-I Glass

O-I Glass, Inc is a global manufacturer of glass packaging products. The company produces glass bottles and jars primarily for the food, beverage, beer, wine, spirits, and pharmaceutical industries, serving brand owners and consumer-products companies.

Its products are designed to provide packaging, preservation, and presentation for a range of consumer goods. O-I also offers glass packaging in various shapes, sizes, and colors, including custom solutions developed for individual brands.

The company traces its history to the Owens Bottle Company, founded in 1903, and the Illinois Glass Company.