FY2025 EPS Estimates for O-I Glass Boosted by Zacks Research

O-I Glass, Inc. (NYSE:OI - Free Report) - Investment analysts at Zacks Research boosted their FY2025 EPS estimates for O-I Glass in a report issued on Tuesday, January 28th. Zacks Research analyst M. Das now expects that the industrial products company will earn $1.43 per share for the year, up from their prior forecast of $1.41. The consensus estimate for O-I Glass' current full-year earnings is $0.75 per share.

Several other equities research analysts have also recently weighed in on OI. StockNews.com upgraded O-I Glass from a "sell" rating to a "hold" rating in a research note on Tuesday, November 12th. Citigroup dropped their price objective on O-I Glass from $12.00 to $11.00 and set a "neutral" rating for the company in a research report on Monday, January 6th. Wells Fargo & Company reduced their price objective on O-I Glass from $18.00 to $16.00 and set an "overweight" rating on the stock in a research note on Monday, January 6th. Royal Bank of Canada lowered their target price on O-I Glass from $18.00 to $16.00 and set an "outperform" rating for the company in a research note on Friday, November 1st. Finally, Bank of America raised their price target on shares of O-I Glass from $14.00 to $15.00 and gave the company a "buy" rating in a research note on Monday, January 6th. Three investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company's stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $15.38.

O-I Glass Price Performance

Shares of O-I Glass stock traded up $0.11 on Friday, reaching $11.72. 1,343,369 shares of the stock were exchanged, compared to its average volume of 1,365,518. The company has a debt-to-equity ratio of 3.18, a quick ratio of 0.77 and a current ratio of 1.23. The firm has a market cap of $1.81 billion, a PE ratio of -4.24 and a beta of 1.22. The firm's 50 day moving average is $11.11 and its 200-day moving average is $11.96. O-I Glass has a one year low of $9.85 and a one year high of $17.58.

Hedge Funds Weigh In On O-I Glass

Several large investors have recently modified their holdings of OI. Geode Capital Management LLC grew its stake in shares of O-I Glass by 1.1% in the third quarter. Geode Capital Management LLC now owns 3,568,443 shares of the industrial products company's stock worth $46,827,000 after purchasing an additional 37,238 shares during the last quarter. Private Management Group Inc. grew its position in shares of O-I Glass by 20.8% in the 3rd quarter. Private Management Group Inc. now owns 3,025,731 shares of the industrial products company's stock valued at $39,698,000 after buying an additional 520,452 shares during the last quarter. Segall Bryant & Hamill LLC acquired a new stake in shares of O-I Glass in the third quarter valued at about $32,350,000. Highland Peak Capital LLC bought a new position in shares of O-I Glass during the third quarter worth about $27,132,000. Finally, Millennium Management LLC lifted its stake in shares of O-I Glass by 27.5% in the second quarter. Millennium Management LLC now owns 1,965,426 shares of the industrial products company's stock worth $21,875,000 after acquiring an additional 424,102 shares during the period. Institutional investors own 97.24% of the company's stock.

O-I Glass Company Profile

O-I Glass, Inc, through its subsidiaries, engages in the manufacture and sale of glass containers to food and beverage manufacturers primarily in the Americas, Europe, and internationally. The company produces glass containers for alcoholic beverages, including beer, flavored malt beverages, spirits, and wine.