Baird on O-I Glass Inc. (OI): 'we remain comfortable with our Outperform rating'

O-I Glass Inc. (OI) PT Lowered to $15 at Truist Securities, 'Targeted Changes to Drive Better Growth and Profitability'

Truist Securities analyst Michael Roxland lowered the price target on O-I Glass Inc. (NYSE: OI) to $15.00 (from $16.00) while maintaining a Buy rating.

The analyst comments "O-I Glass (OI) reported adjusted operating EPS of -$0.04 vs. our estimate at $0.02 / Street at $0.03 and lowered 2024 EPS guidance to $0.70-0.80 (was $1.00-1.25). At the midpoint, this implies 4Q EPS of -$0.10. As part of earnings, CEO Gordon Hardie provided an update on Fit to Win, including the companys SG&A reduction, inventory reduction, and production closure/curtailment plans. While the guidance cut was someone... More

O-I Glass Inc. (OI) PT Lowered to $12 at Loop Capital, 'shares are fairly valued at the present time'

(Updated - October 31, 2024 7:37 AM EDT)

Loop Capital analyst Alton Stump lowered the price target on O-I Glass Inc. (NYSE: OI) to $12.00 (from $14.00) while maintaining a Hold rating.

The analyst comments "We are lowering estimates and maintaining our HOLD rating on OI.... More

O-I Glass Inc. (OI) PT Lowered to $13 at Barclays

(Updated - October 31, 2024 7:40 AM EDT)

Barclays analyst Michael Leithead lowered the price target on O-I Glass Inc. (NYSE: OI) to $13.00 (from $14.00) while maintaining a Equalweight rating.

The analyst comments "While we appreciate new CEO Hardie's renewed emphasis on commercial excellence, the... More

CFRA Downgrades O-I Glass Inc. (OI) to Sell, 'weakening fundamentals and unrealistic guidance from management'

CFRA downgraded O-I Glass Inc. (NYSE: OI) from Hold to Sell with a price target of $10.00 (from $15.00).

The analyst comments "We cut our 12-month target by $5 to $10 on an EV/EBITDA of 4.7x our 2025 EBITDA estimate, a discount to OI's three-year average EBITDA of 5.4x due to... More

O-I Glass (OI) Misses Q3 EPS by 8c; lowers guidance

O-I Glass (NYSE: OI) reported Q3 EPS of ($0.04), $0.08 worse than the analyst estimate of $0.04. Revenue for the quarter came in at $1.7 billion versus the consensus estimate of $1.76 billion.

GUIDANCE:

O-I Glass sees FY2024 EPS of $0.70-$0.80, versus the consensus of... More