A share price of O-I Glass Inc [OI] is currently trading at $12.88, up 7.78%. Until recently, the best way to gauge how the stock has performed was to look at its short-term value. The OI shares have gain 11.52% over the last week, with a monthly amount drifted -1.23%, and not seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
O-I Glass Inc [NYSE: OI] stock has seen the most recent analyst activity on October 17, 2024, when BofA Securities upgraded its rating to a Buy and also boosted its price target to $16 from $14. Previously, BofA Securities downgraded its rating to Neutral on April 19, 2024, and dropped its price target to $16. On January 16, 2024, UBS initiated with a Buy rating and assigned a price target of $26 on the stock. Citigroup downgraded its rating to a Neutral and increased its price target to $18 on January 03, 2024. Barclays upgraded its rating to a Equal Weight and reduced its price target to $18 on October 11, 2023. Credit Suisse downgraded its rating to Neutral for this stock on September 13, 2023, and upped its price target to $22. In a note dated February 02, 2023, RBC Capital Mkts upgraded an Outperform rating on this stock and boosted its target price from $20 to $34.
O-I Glass Inc experienced fluctuations in its stock price throughout the past year between $10.08 and $17.58. Currently, Wall Street analysts expect the stock to reach $15.67 within the next 12 months. O-I Glass Inc [NYSE: OI] shares were valued at $12.88 at the most recent close of the market. An investor can expect a potential return of 21.66% based on the average OI price forecast.
Analyzing the OI fundamentals
Trailing Twelve Months sales for O-I Glass Inc [NYSE:OI] were 6.64B which represents -3.67% decline. Gross Profit Margin for this corporation currently stands at 0.15% with Operating Profit Margin at 0.07%, Pretax Profit Margin comes in at -0.04%, and Net Profit Margin reading is -0.06%. To continue investigating profitability, this company’s Return on Assets is posted at -0.04, Equity is -0.27 and Total Capital is 0.07. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of3.89.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 12.56 points at the first support level, and at 12.23 for the second support level. However, for the 1st resistance point, the stock is sitting at 13.06, and for the 2nd resistance point, it is at 13.24.
Ratios To Look Out For
To put it in perspective, the Current Ratio for O-I Glass Inc [NYSE:OI] is 1.23. As well, the Quick Ratio is 0.77, while the Cash Ratio is 0.33. Considering the valuation of this stock, the price to sales ratio is 0.30, the price to book ratio is 1.48.
Transactions by insiders
Recent insider trading involved BURNS RANDOLPH L, SVP, Chief Admin & Sus Officer, that happened on Nov 04 ’24 when 13000.0 shares were purchased. SVP & Chief Financial Officer, Haudrich John completed a deal on Aug 15 ’24 to buy 8000.0 shares. Meanwhile, Director Humphrey John bought 15000.0 shares on Aug 06 ’24.
