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$OI

13 stories mentioning OIUpdated 33d ago

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Wire

O-I Glass Shares Rise After Citigroup Upgrade

O-I Glass (OI) shares were up over 10% in Friday trading after Citigroup upgraded the stock to buy from neutral and raised its price target to $9 from $8.Trading volume stood at more than 2.4 million shares, compared with a daily average of about 3.3 million.Price: $7.07, Change: $+0.69, Percent Change: +10.82%

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Citigroup Upgrades O-I Glass to Buy From Neutral, Adjusts Price Target to $9 From $8

O-I Glass Inc (OI) has an average rating of hold and mean price target of $9.72, according to analysts polled by FactSet.

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Wire

O-I Glass' Volume Outlook, Energy Headwinds Capping Growth, RBC Says

O-I Glass (OI) is facing pressure from a soft glass volume outlook that is limiting the company's organic growth, RBC Capital Markets said in a note Wednesday.The note also pointed to price and cost pressures from competitor oversupply and energy headwinds in Europe, and a less-than-expected deleveraging given a reduced Ebitda.While the company plans to close several European furnaces, the note said regional pricing should be challenged until more supply comes offline. The report also said glass beverage consumption could remain soft through 2027.The note said free cash flow will likely be negative in 2026and barely breakeven in 2027."We await volume/price and FCF inflection to become more bullish," it said. RBC downgraded the stock to sector perform from outperform and cut its price target to $8 from $10.Price: $6.92, Change: $+0.17, Percent Change: +2.52%

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RBC Downgrades O-I Glass to Sector Perform From Outperform, Adjusts PT to $8 From $10

O-I Glass (OI) has an average rating of hold and mean price target of $9.72, according to analysts polled by FactSet.

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BNP Paribas Downgrades O-I Glass to Neutral From Outperform, Adjusts Price Target to $8.50 From $15

O-I Glass (OI) has an average rating of overweight and mean price target of $10.17, according to analysts polled by FactSet.

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Truist Cuts Price Target on O-I Glass to $10 From $13, Keeps Buy Rating

O-I Glass (OI) has an average rating of overweight and mean price target of $10.28, according to analysts polled by FactSet.

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Wire

Packaging, Forest Products Face Lackluster Demand, Weak Volumes, BofA Says

Packaging and forest products companies face lackluster demand and weak volumes outside beverage cans and selected specialty markets, BofA Securities analysts said in a Tuesday note.Analysts said that while inflation headwinds are expected to fade in the second half of the year, assuming a renewed ceasefire in the Middle East, foreign exchange could become an earnings risk.BofA said that beverage cans remain its preferred subsector, driven by stronger demand, improving aluminum economics, innovation, and the World Cup.Analysts said they are cautious on glass and paper, where volume weakness and potential operating-rate pressures could weigh on outlooks.BofA upgraded AptarGroup's (ATR) rating to buy from neutral, and raised its price objective to $173 from $148.It downgraded O-I Glass (OI) to underperform from buy, Greif (GEF) to underperform from neutral, and International Paper (IP) and Sylvamo (SLVM) to neutral from buy.BofA also resumed coverage of Graphic Packaging (GPK) with a neutral rating and a $12 price objective.Analysts increased the price objective on Ardagh Metal Packaging (AMBP) to $4.70 from $4; Amcor (AMCR) to $51 from $48; Avery Dennison (AVY) to $210 from $202; Ball (BALL) to $73 from $70; Crown (CCK) to $145 from $129; Karat Packaging (KRT) to $34 from $23; Silgan (SLGN) to $58 from $53; and Sonoco Products (SON) to $69 from $65.They also raised the price objective on Boise Cascade (BCC) to $81 from $80; Louisiana-Pacific (LPX) to $101 from $85; Packaging Corporation of America (PKG) to $263 from $242; and Greif to $70 from $68.BofA lowered its price objective on O-I Glass to $11 from $13, International Paper to $41 from $44, and Sylvamo to $45 from $58.Price: $128.79, Change: $+3.90, Percent Change: +3.12%

$AMBP$AMCR$ATR$AVY$BALL$BCC$CCK$GEF$IP$KRT$LPX$OI$PKG$SLGN$SLVM$SON
Research

BofA Securities Downgrades O-I Glass to Underperform From Buy, Price Target is $11

O-I Glass (OI) has an average rating of overweight and mean price target of $12.67, according to analysts polled by FactSet.

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Wire

O-I Glass Unit Owens-Brockway Glass Container to Offer $500 Million Senior Notes Due 2033

Owens-Brockway Glass Container, an indirect wholly owned subsidiary of O-I Glass (OI), plans a private offering of $500 million aggregate principal amount of senior notes due 2033 to eligible purchasers, O-I Glass said Monday.The notes will be guaranteed on a joint and several basis by Owens-Illinois Group and certain U.S. domestic subsidiaries of OI Group, the company said.Owens-Brockway Glass Container expects to use the net proceeds from the offering, together with cash on hand and borrowings under the company's revolving credit facility, to redeem all of its outstanding 6.625% senior notes due 2027.Price: $9.43, Change: $-0.06, Percent Change: -0.63%

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Wells Fargo Upgrades O-I Glass to Overweight From Equalweight, Price Target is $13

O-I Glass (OI) has an average rating of overweight and mean price target of $13.11, according to analysts polled by FactSet.

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Research

Research Alert: CFRA Reiterates Sell Opinion On Shares Of O-i Glass, Inc.

CFRA, an independent research provider, has providedwith the following research alert. Analysts at CFRA have summarized their opinion as follows:We decrease our 12-month target by $6.50 to $7.50, on an EV/EBITDA of 5.5x our 2026 EBITDA estimate, below O-I's one-year average of 5.6x. We decrease our 2026 EPS by $0.58 to $1.25 and 2027 by $0.40 to $1.95. O-I's Fit to Win program achieved $35M in net savings during Q1 and is 50% of the way to its goal of $750M in benefits, a highlight of the quarter. O-I secured 15 new accounts in the quarter that should drive 2H 2026 volume 1.5% higher. We note that volumes were down 8% Y/Y; this trend improved in March, with volumes down only 2%. Management noted that the European segment was the primary driver of poor results, with a $68M decrease from the prior year attributable to softer demand and intense competition in the Southern European wine market. Inflation risks from conflicts in the Middle East are a major risk, potentially adding $75M-$100M in costs if prices remain elevated. We currently see 2027 EBITDA as flat vs. 2025 ($1.23B), but this view could improve if energy prices decrease in 2H 2026.

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Wire

Truist Cuts Price Target on O-I Glass to $14 From $15, Keeps Buy Rating

O-I Glass (OI) has an average rating of overweight and mean price target of $14 according to analysts polled by FactSet.Price: $8.71, Change: $+0.06, Percent Change: +0.69%

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Research

Research Alert: O-i Glass Inc Q1: Revenue Beats With Guidance Down Due To Cost Inflation

CFRA, an independent research provider, has providedwith the following research alert. Analysts at CFRA have summarized their opinion as follows:O-I Glass's Q1 2026 results exposed the fragility of its cost-cutting recovery, with adjusted EPS collapsing 87.5% to $0.05 from $0.40 in the prior year, missing consensus by $0.07. Net sales declined 1.7% to $1.54B, though beating consensus by $66M, while shipment volumes fell 8%. The dramatic earnings decline occurred despite continued execution of the Fit to Win program, which delivered $50M in gross benefits, underscoring the magnitude of external headwinds. Management noted sequential improvement, with March volumes declining only 2%. European operations showed significant vulnerabilities, highlighting the defensive nature of recent margin improvements. We believe the results demonstrate that cost-cutting measures cannot fully offset the structural challenges facing the glass packaging industry, with external pressures overwhelming operational efficiencies and raising questions about the sustainability of the turnaround narrative.

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