O-I Glass (NYSE:OI) Cut to Strong Sell at Zacks Research

Zacks Research downgraded shares of O-I Glass (NYSE:OI) from a hold rating to a strong sell rating in a report issued on Thursday morning,Zacks reports. Zacks Research also issued estimates for O-I Glass’ Q4 2026 earnings at ($0.01) EPS, FY2026 earnings at $0.04 EPS, Q1 2027 earnings at $0.16 EPS, Q2 2027 earnings at $0.29 EPS, Q3 2027 earnings at $0.33 EPS, Q4 2027 earnings at $0.08 EPS, FY2027 earnings at $0.86 EPS, Q1 2028 earnings at $0.70 EPS, Q2 2028 earnings at $0.73 EPS and Q3 2028 earnings at $0.68 EPS.

A number of other equities research analysts have also recently commented on the stock. Citigroup reduced their price target on shares of O-I Glass from $9.00 to $8.00 and set a “buy” rating for the company in a report on Thursday, October 29th. UBS Group cut shares of O-I Glass from a “buy” rating to a “neutral” rating and cut their price objective for the stock from $11.00 to $6.00 in a research report on Monday, October 5th. BNP Paribas Exane downgraded O-I Glass from an “outperform” rating to a “neutral” rating and set a $8.50 target price for the company. in a research note on Thursday, July 30th. Truist Financial reduced their target price on O-I Glass from $8.00 to $7.00 and set a “buy” rating for the company in a research note on Thursday, October 29th. Finally, Weiss Ratings raised O-I Glass from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Tuesday. Three analysts have rated the stock with a Buy rating, three have issued a Hold rating and three have given a Sell rating to the company. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $8.81.

O-I Glass Trading Up 1.7%

Shares of OI stock traded up $0.09 during trading hours on Thursday, hitting $4.96. 3,105,204 shares of the company were exchanged, compared to its average volume of 4,322,020. The firm has a market cap of $764.31 million, a P/E ratio of -0.64, a P/E/G ratio of 44.69 and a beta of 0.75. O-I Glass has a fifty-two week low of $4.83 and a fifty-two week high of $16.91. The company has a debt-to-equity ratio of 8.84, a quick ratio of 0.80 and a current ratio of 1.28. The company has a 50 day simple moving average of $5.87 and a two-hundred day simple moving average of $9.02.

O-I Glass (NYSE:OI) last released its quarterly earnings data 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). O-I Glass had a negative net margin of 18.89% and a positive return on equity of 3.74%. The company had revenue of $1.62 billion during the quarter, compared to the consensus estimate of $1.64 billion. During the same quarter in the prior year, the firm earned $0.48 EPS. The business’s revenue was down 1.8% compared to the same quarter last year. Equities analysts anticipate that O-I Glass will post 0.01 EPS for the current year.

Hedge Funds Weigh In On O-I Glass

Large investors have recently modified their holdings of the company. Optiver Holding B.V. increased its stake in O-I Glass by 491.5% during the 1st 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 in the last quarter. Fiduciary Financial Advisors acquired a new position in O-I Glass during the second quarter worth $34,000. Fortitude Family Office LLC raised its holdings in O-I Glass by 5,036.0% during the third quarter. Fortitude Family Office LLC now owns 4,417 shares of the industrial products company’s stock worth $25,000 after buying an additional 4,331 shares during the last quarter. Global Retirement Partners LLC bought a new position in shares of O-I Glass in the second quarter valued at $44,000. Finally, Wealth Enhancement Trust Services Inc. lifted its stake in shares of 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 buying an additional 2,121 shares in the last quarter. 97.24% of the stock is currently owned by institutional investors.

Top O-I Glass Stories

These are some of the OI stories that stood out recently:

• Neutral Sentiment: Several law firms reiterated that December 28, 2026 is the deadline to seek lead-plaintiff status in a securities class action covering investors who bought O-I Glass shares from March 14, 2025 through July 28, 2026. These notices largely repeat previously announced litigation information. Lead-plaintiff deadline notice
• Negative Sentiment: Zacks Research cut several earnings forecasts, including FY2026 EPS to $0.04 from $0.21, FY2027 to $0.86 from $1.35, Q1 2027 to $0.16 from $0.24, and Q4 2027 to $0.08 from $0.37. The broad downward revisions signal weaker expected profitability and may weigh on investor sentiment. Zacks Research earnings outlook
• Negative Sentiment: The securities lawsuit alleges O-I Glass made misleading statements or omissions about its 2026 outlook and Fit to Win program. The claims are allegations, not established findings, but the litigation creates legal and reputational uncertainty. Lawsuit allegations and deadline

About O-I Glass

O-I Glass, Inc. manufactures glass containers for food and beverage brands. Its products include bottles and jars used for beer, wine, spirits, nonalcoholic beverages, and food, serving customers across consumer and industrial markets. The company traces its roots to the Owens Bottle Company, established in 1903 by glassmaking innovator Michael J. Owens. It later became Owens-Illinois and adopted the O-I Glass name in 2020. O-I Glass serves customers in the Americas and Europe, with operations and sales activities across multiple countries.