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O-I Glass, Inc.

OI · NYSE

Market closed$9.10$-0.500000 (-5.21%)After hours $9.20 · +1.10%

Key statistics

Previous close$9.60
Open$9.60
Day high$9.70
Day low$9.02
52-week high$16.91
52-week low$7.75
Market cap1.40B
Volume3.00M
Average volume3.24M
P/E ratio7.22
Forward P/E1.76
EPS1.26
Dividend yield0.00%

Market context

Why it moved

OI shares declined as broad market selling pressure intensified, driven by a deepening AI stock sell-off sparked by the emergence of a new low-cost Chinese AI model (Kimi K3), surging oil prices due to escalating U.S.-Iran conflict threatening Strait of Hormuz shipping lanes, and a wave of disappointing earnings reports weighing on investor sentiment.

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What is happening

Recent company-specific developments and publisher coverage.

July 18, 2026O-I Glass shares tumbled more than 5% on Friday, underperforming the broader Consumer Discretionary sector (XLY was little changed), as investors digested a wave of negative analyst sentiment that has built over the week. BofA Securities issued a double downgrade to Underperform earlier this week, citing deteriorating demand fundamentals, an uncertain path to management's ~$1.4B EBITDA target for 2027, and the departure of the company's European operations head. Multiple price target cuts from RBC, Wells Fargo, and Truist compounded the pressure. With Q2 earnings due July 28, investors remain cautious given Q1's sharp EPS miss and elevated ~$4.8B debt load, though unusual call option activity and insider buying signal some contrarian optimism.

-5.2083

July 17, 2026O-I Glass shares rose after an unusual surge in bullish options activity — traders bought over 10,000 call options, an 872% jump above normal daily volume — signaling speculative interest ahead of Q2 2026 earnings scheduled for July 28. The gains came despite a mixed analyst backdrop: Zacks upgraded the stock from 'strong sell' to 'hold' and raised FY2026/27 EPS estimates, while Truist maintained a 'Buy' with a trimmed $13 target and Wells Fargo kept 'Overweight' at $12. Bank of America's double-downgrade to Underperform earlier in the week, citing weak demand and doubts over management's ~$1.4B 2027 EBITDA target, continues to weigh on sentiment alongside a strained balance sheet with ~$4.8B in long-term debt.

2.2364

July 16, 2026O-I Glass surged over 11% — on volume more than 3x the daily average — rebounding sharply after falling more than 12% the prior session on a Bank of America double-downgrade to Underperform. Today's recovery was fueled by a Zacks upgrade from Strong Sell to Hold, insider buying signals, and a constructive macro backdrop as softer-than-expected CPI data lifted broader markets. Truist and Wells Fargo maintained bullish-leaning ratings despite trimming price targets to $13 and $12, respectively, with analysts pointing to Q2 earnings as the next key catalyst for the beaten-down glass packaging name.

11.1243

July 15, 2026O-I Glass shares plunged nearly 12% on unusually heavy volume — more than four times the daily average — after BofA Securities issued a rare double-downgrade, cutting its rating from Buy all the way to Underperform and slashing its price target to $11 from $13. BofA cited weakening glass demand, stalling progress on the company's European operations (including the departure of its Europe operations head), and growing skepticism that management can reach its ~$1.4B EBITDA target for 2027, with current LTM EBITDA at just $953M. The downgrade was part of a broader sector note in which BofA flagged glass and paper packaging as particularly vulnerable to volume weakness and operating-rate pressure, while also noting RBC Capital had recently cut its OI price target to $11 from $14.

-11.9792

July 14, 2026O-I Glass edged lower amid a broad market selloff driven by renewed U.S.-Iran tensions that sent oil prices surging and pressured equities. Adding to the company-specific overhang, RBC Capital recently lowered its price target on O-I Glass from $14 to $11 (while maintaining an Outperform rating), and the company was removed from multiple Russell growth indices in late June, which may continue to weigh on liquidity and institutional positioning. A recent Barron's feature highlighted the stock as a potential bargain, and the company's ongoing share repurchase program — approximately 5.7 million shares bought back for ~$70 million since mid-2024 — offers a counterweight, but investors remain focused on whether O-I can restore profitability amid soft European volumes.

-0.8264

July 11, 2026O-I Glass shares rose roughly 4%, outperforming both the broader market and packaging peers, as investor focus shifted to the company's upcoming Q2 2026 earnings release scheduled for July 28. Anticipation around whether the world's largest glass container manufacturer can improve on its Q1 EPS miss — where it earned just $0.05 vs. the $0.09 consensus — appears to be driving sentiment, alongside recent insider buying activity and a consensus analyst price target of $15.14 that implies significant upside from current levels.

4.086

July 10, 2026O-I Glass shares declined amid a challenging backdrop of analyst pressure and geopolitical headwinds, with RBC Capital cutting its price target to $11 from $14 (while maintaining Outperform) and the stock's recent removal from several Russell indices — including the Russell 2000 and Russell 3000 — weighing on sentiment. The broader market faced turbulence from renewed U.S.-Iran military exchanges that rattled risk appetite and pushed oil prices sharply higher, adding cost-pressure concerns for energy-intensive glass manufacturers. With Q2 earnings scheduled for July 29, investors remain cautious given Q1's EPS miss ($0.05 vs. $0.09 est.), though insider buying and a consensus fair value near $13 suggest some see the selloff as overdone.

-2.3109

July 8, 2026O-I Glass shares tumbled amid a broad risk-off session triggered by President Trump declaring the U.S.-Iran peace framework 'over,' sending oil prices surging more than 5% and rattling global equity markets. The selloff compounds existing headwinds for the glass packaging company, which recently missed Q1 earnings estimates ($0.05 EPS vs. $0.09 consensus) and was removed from several Russell growth indices — pressuring index-linked fund flows — while weak European demand and rising energy costs continue to weigh on margins. UBS reiterated a Buy rating with a $15 price target, and the stock's consensus fair value sits near $13.11, well above current levels.

-3.5461

Simply Wall Street · July 16, 2026O-I Glass (OI) Draws Fresh Interest On Demand Hopes And Earnings WatchGuruFocus · July 15, 2026O-I Glass (OI) Downgraded by Bank of America, Shares Drop 2.9%MarketBeat · July 15, 2026Zacks Research Has Bearish Outlook for O-I Glass Q2 Earningsmarketscreener.com · July 15, 2026Truist Securities Adjusts O-I Glass Price Target to $13 From $14, Maintains Buy RatingMarketBeat · July 15, 2026Truist Financial Cuts O-I Glass (NYSE:OI) Price Target to $13.00Moomoo · July 15, 2026O-I Glass Is Maintained at Overweight by Wells FargoTradingView · July 14, 2026O-I Glass, Inc. Stock 12‑Month Price Target Cut to $12.67, Implies 32% UpsidePackaging Dive · April 29, 2026O-I Glass calls Q1 ‘a story of two hemispheres’
Mt Newswire · July 15, 2026Truist Securities Adjusts O-I Glass Price Target to $13 From $14, Maintains Buy Rating
Benzinga · July 15, 2026Truist Securities Maintains Buy on O-I Glass, Lowers Price Target to $13
Benzinga · July 15, 2026Wells Fargo Maintains Overweight on O-I Glass, Lowers Price Target to $12
Mt Newswire · July 14, 2026Packaging, Forest Products Face Lackluster Demand, Weak Volumes, BofA Says
Mt Newswire · July 14, 2026BofA Securities Downgrades O-I Glass to Underperform From Buy, Price Target is $11
Benzinga · July 9, 2026RBC Capital Maintains Outperform on O-I Glass, Lowers Price Target to $11
Mt Newswire · July 9, 2026RBC Capital Adjusts Price Target on O-I Glass to $11 From $14, Maintains Outperform Rating
Benzinga · May 4, 2026Citigroup Maintains Neutral on O-I Glass, Lowers Price Target to $10

Peers

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