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NYSE:OI

O-I Glass (OI) Stock Price, News & Analysis

O-I Glass logo
$10.20 +0.06 (+0.59%)
(As of 12/24/2024 04:45 PM ET)

About O-I Glass Stock (NYSE:OI)

Key Stats

Today's Range
$10.00
$10.39
50-Day Range
$9.95
$13.37
52-Week Range
$9.85
$17.58
Volume
1.32 million shs
Average Volume
1.66 million shs
Market Capitalization
$1.58 billion
P/E Ratio
N/A
Dividend Yield
N/A
Price Target
$16.25
Consensus Rating
Moderate Buy

Company Overview

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. It is also involved in the production of glass packaging for various food items, soft drinks, tea, juices, and pharmaceuticals. In addition, the company offers glass containers in a range of sizes, shapes, and colors. It sells its products directly to customers under annual or multi-year supply agreements, as well as through distributors. O-I Glass, Inc. was founded in 1903 and is based in Perrysburg, Ohio.

O-I Glass Stock Analysis - MarketRank™

See Top Rated MarketRank™ Stocks
86th Percentile Overall Score

OI MarketRank™: 

O-I Glass scored higher than 86% of companies evaluated by MarketBeat, and ranked 44th out of 178 stocks in the industrial products sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

  • Consensus Rating

    O-I Glass has received a consensus rating of Moderate Buy. The company's average rating score is 2.75, and is based on 6 buy ratings, 2 hold ratings, and no sell ratings.

  • Amount of Analyst Coverage

    O-I Glass has only been the subject of 4 research reports in the past 90 days.

  • Read more about O-I Glass' stock forecast and price target.
  • Earnings Growth

    Earnings for O-I Glass are expected to grow by 86.84% in the coming year, from $0.76 to $1.42 per share.

  • Price to Earnings Ratio vs. the Market

    The P/E ratio of O-I Glass is -3.70, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.

  • Price to Earnings Ratio vs. Sector

    The P/E ratio of O-I Glass is -3.70, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.

  • Price to Book Value per Share Ratio

    O-I Glass has a P/B Ratio of 0.91. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.

  • Percentage of Shares Shorted

    3.09% of the float of O-I Glass has been sold short.
  • Short Interest Ratio / Days to Cover

    O-I Glass has a short interest ratio ("days to cover") of 3.4, which is generally considered an acceptable ratio of short interest to trading volume.
  • Change versus previous month

    Short interest in O-I Glass has recently decreased by 10.50%, indicating that investor sentiment is improving significantly.
  • Dividend Yield

    O-I Glass does not currently pay a dividend.

  • Dividend Growth

    O-I Glass does not have a long track record of dividend growth.

  • Dividend Sustainability

    Based on earnings estimates, O-I Glass will have a dividend payout ratio of 14.08% next year. This indicates that O-I Glass will be able to sustain or increase its dividend.

  • Read more about O-I Glass' dividend.
  • Percentage of Shares Shorted

    3.09% of the float of O-I Glass has been sold short.
  • Short Interest Ratio / Days to Cover

    O-I Glass has a short interest ratio ("days to cover") of 3.4, which is generally considered an acceptable ratio of short interest to trading volume.
  • Change versus previous month

    Short interest in O-I Glass has recently decreased by 10.50%, indicating that investor sentiment is improving significantly.
  • News Sentiment

    O-I Glass has a news sentiment score of -0.27. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a lower news sentiment than the 0.61 average news sentiment score of Industrial Products companies.
  • News Coverage This Week

    MarketBeat has tracked 12 news articles for O-I Glass this week, compared to 5 articles on an average week.
  • MarketBeat Follows

    Only 2 people have added O-I Glass to their MarketBeat watchlist in the last 30 days. This is a decrease of -33% compared to the previous 30 days.
  • Insider Buying vs. Insider Selling

    In the past three months, O-I Glass insiders have not sold or bought any company stock.

  • Percentage Held by Insiders

    Only 1.49% of the stock of O-I Glass is held by insiders.

  • Percentage Held by Institutions

    97.24% of the stock of O-I Glass is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

  • Read more about O-I Glass' insider trading history.
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OI Stock News Headlines

Research Analysts Issue Forecasts for O-I Glass Q4 Earnings
FY2024 EPS Estimates for O-I Glass Lowered by Zacks Research
Why I'm telling friends to avoid gold stocks
Back in November, gold made a tiny move of 1.6%. But according to my backtesting by using a special type of gold trade, I would have seen a 141% gain in just a week. It happened again in March. Gold nudged up 1.2%. This time? A 104% overnight gain. And in June? A 1% gold move turned into a 74% gain in two weeks. Granted, there would have been smaller wins and those that did not work out, but you see, there's a reason I'm telling all my friends to hold off from buying gold or regular gold stocks right now. There's a more lucrative way to play the gold market as we enter a new breakout period. It's all about catching what I call "Acceleration Cycles."
O-I Glass to Present at Citi 2024 Conference
O-I Glass to Present at Citi’s 2024 Basic Materials Conference
See More Headlines

OI Stock Analysis - Frequently Asked Questions

O-I Glass' stock was trading at $16.38 at the beginning of 2024. Since then, OI shares have decreased by 37.7% and is now trading at $10.20.
View the best growth stocks for 2024 here
.

O-I Glass, Inc. (NYSE:OI) released its earnings results on Tuesday, October, 29th. The industrial products company reported ($0.04) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.04 by $0.08. The business's revenue was down 3.7% on a year-over-year basis.

Top institutional investors of O-I Glass include FMR LLC (6.08%), State Street Corp (3.92%), Geode Capital Management LLC (2.31%) and Private Management Group Inc. (1.94%). Insiders that own company stock include Vitaliano Torno, John Humphrey and Arnaud Aujouannet.
View institutional ownership trends
.

Shares of OI stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

Based on aggregate information from My MarketBeat watchlists, some other companies that O-I Glass investors own include American Water Works (AWK), Waste Connections (WCN), DiamondRock Hospitality (DRH), The RMR Group (RMR), AUO (AUOTY), iShares Micro-Cap ETF (IWC) and Voyager Therapeutics (VYGR).

Company Calendar

Last Earnings
10/29/2024
Today
12/24/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Industry
Glass containers
Sub-Industry
Metal & Glass Containers
CUSIP
69076840
Employees
23,000
Year Founded
N/A

Price Target and Rating

Average Stock Price Target
$16.25
High Stock Price Target
$18.00
Low Stock Price Target
$13.00
Potential Upside/Downside
+59.3%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.75
Research Coverage
8 Analysts

Profitability

Net Income
$-103,000,000.00
Pretax Margin
-4.14%

Debt

Sales & Book Value

Annual Sales
$6.64 billion
Cash Flow
$5.70 per share
Book Value
$11.27 per share

Miscellaneous

Free Float
152,343,000
Market Cap
$1.58 billion
Optionable
Optionable
Beta
1.20

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This page (NYSE:OI) was last updated on 12/25/2024 by MarketBeat.com Staff
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