O-I Glass (OI) Stock Forecast, Price Target & Predictions
OI Stock Forecast
O-I Glass stock forecast is as follows: an average price target of $15.67 (represents a 24.76% upside from OI’s last price of $12.56) and a rating consensus of 'Buy', based on 13 wall street analysts offering a 1-year stock forecast.
OI Price Target
The average price target for O-I Glass (OI) is $15.67 based on 1-year price targets from 13 Wall Street analysts in the past 3 months, with a price target range of $18.00 to $12.00. This represents a potential 24.76% upside from OI's last price of $12.56.
OI Analyst Ratings
According to 13 Wall Street analysts, O-I Glass's rating consensus is 'Buy'. The analyst rating breakdown for OI stock is 0 'Strong Buy' (0.00%), 7 'Buy' (53.85%), 5 'Hold' (38.46%), 1 'Sell' (7.69%), and 0 'Strong Sell' (0.00%).
O-I Glass Price Target by Analyst
| Date | Analyst | Company | Price Target | Price when Published | Price Target/Price when Published | Price Target/Last Closing Price |
|---|---|---|---|---|---|---|
| Oct 31, 2024 | Michael Roxland | Truist Financial | $15.00 | $11.55 | 29.87% | 19.43% |
| Oct 31, 2024 | Alton Stump | Loop Capital Markets | $12.00 | $11.55 | 3.90% | -4.46% |
| Oct 31, 2024 | Michael Leithead | Barclays | $13.00 | $11.55 | 12.55% | 3.50% |
| Oct 17, 2024 | George Staphos | Bank of America Securities | $16.00 | $12.73 | 25.69% | 27.39% |
| Oct 02, 2024 | Anthony Pettinari | Citigroup | $15.00 | $13.08 | 14.68% | 19.43% |
| Aug 05, 2024 | Arun Viswanathan | RBC Capital | $18.00 | $11.29 | 59.43% | 43.31% |
| Aug 01, 2024 | Ghansham Panjabi | Robert W. Baird | $18.00 | $13.36 | 34.73% | 43.31% |
| Jul 17, 2024 | Joshua Spector | UBS | $18.00 | $11.60 | 55.17% | 43.31% |
| May 02, 2024 | Michael Roxland | Truist Financial | $17.00 | $12.58 | 35.14% | 35.35% |
| Jun 20, 2022 | Debbie Jones | Deutsche Bank | $16.00 | $14.53 | 10.12% | 27.39% |
The latest O-I Glass stock forecast, released on Oct 31, 2024 by Michael Roxland from Truist Financial, set a price target of $15.00, which represents a 29.87% increase from the stock price at the time of the forecast ($11.55), and a 19.43% increase from OI last price ($12.56).
O-I Glass Price Target by Period
| 1M | 3M | 12M | |
|---|---|---|---|
| # Anlaysts | 3 | 5 | 9 |
| Avg Price Target | $13.33 | $14.20 | $15.78 |
| Last Closing Price | $12.56 | $12.56 | $12.56 |
| Upside/Downside | 6.13% | 13.06% | 25.64% |
In the current month, the average price target of O-I Glass stock is $13.33, according to 3 Wall Street analysts offering twelve months forecast. The average price target represents a 6.13% increase as opposed to O-I Glass's last price of $12.56. This month's average price target is down -6.13% compared to last quarter, and down -15.53% compared to last year.
Analyst Ratings Upgrades/Downgrades
| Date | Company | Previous Rating | New Rating | Rating Change |
|---|---|---|---|---|
| Oct 31, 2024 | Loop Capital Markets | Hold | Hold | Hold |
| Oct 31, 2024 | Barclays | Negative | Negative | Hold |
| Oct 17, 2024 | Bank of America Securities | Neutral | Buy | Upgrade |
| Oct 02, 2024 | Citigroup | Neutral | Neutral | Hold |
| Aug 05, 2024 | RBC Capital | Outperform | Outperform | Hold |
| Jul 17, 2024 | UBS | Buy | Buy | Hold |
| Apr 19, 2024 | Bank of America Securities | Buy | Neutral | Downgrade |
| Nov 02, 2023 | Barclays | Equal-Weight | Equal-Weight | Hold |
| Jun 01, 2023 | Piper Sandler | Neutral | Neutral | Hold |
| Jun 01, 2023 | Needham | Hold | Hold | Hold |
O-I Glass's last stock rating was published by Loop Capital Markets on Oct 31, 2024. The company gave OI a "Hold" rating, the same as its previous rate.
O-I Glass Financial Forecast
O-I Glass Revenue Forecast
| Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | - | - | - | - | - | - | - | - | - | - | - | - | $1.64B | $1.74B | $1.89B | $1.83B | $1.69B | $1.69B | $1.78B | $1.69B | $1.59B | $1.61B | $1.66B | $1.50B | $1.50B | $1.62B | $1.42B | $1.56B | $1.63B | $1.67B |
| Avg Forecast | $1.56B | $1.62B | $1.67B | $1.54B | $1.61B | $1.67B | $1.71B | $1.57B | $1.61B | $1.76B | $1.77B | $1.69B | $1.63B | $1.76B | $1.84B | $1.78B | $1.59B | $1.67B | $1.75B | $1.54B | $1.52B | $1.62B | $1.56B | $1.46B | $1.48B | $1.55B | $1.45B | $1.63B | $1.63B | $1.74B |
| High Forecast | $1.58B | $1.64B | $1.69B | $1.56B | $1.63B | $1.69B | $1.74B | $1.60B | $1.64B | $1.76B | $1.77B | $1.69B | $1.65B | $1.84B | $1.87B | $1.80B | $1.62B | $1.67B | $1.75B | $1.54B | $1.52B | $1.62B | $1.56B | $1.46B | $1.48B | $1.55B | $1.45B | $1.63B | $1.63B | $1.74B |
| Low Forecast | $1.54B | $1.60B | $1.65B | $1.52B | $1.59B | $1.65B | $1.70B | $1.56B | $1.60B | $1.76B | $1.77B | $1.69B | $1.61B | $1.67B | $1.82B | $1.76B | $1.58B | $1.67B | $1.75B | $1.54B | $1.52B | $1.62B | $1.56B | $1.46B | $1.48B | $1.55B | $1.45B | $1.63B | $1.63B | $1.74B |
| # Analysts | 2 | 2 | 2 | 2 | 1 | 1 | 1 | 4 | 5 | 4 | 1 | 1 | 2 | 6 | 3 | 3 | 4 | 4 | 4 | 4 | 3 | 3 | 3 | 3 | 3 | 16 | 8 | 11 | 7 | 11 |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | 1.01% | 0.99% | 1.03% | 1.03% | 1.06% | 1.01% | 1.02% | 1.10% | 1.05% | 0.99% | 1.06% | 1.03% | 1.01% | 1.04% | 0.97% | 0.96% | 1.00% | 0.96% |
O-I Glass's average Quarter revenue forecast for Mar 24 based on 1 analysts is $1.69B, with a low forecast of $1.69B, and a high forecast of $1.69B. OI's average Quarter revenue forecast represents a 3.14% increase compared to the company's last Quarter revenue of $1.64B (Dec 23).
O-I Glass EBITDA Forecast
| Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 2 | 2 | 2 | 2 | 1 | 1 | 1 | 4 | 5 | 4 | 1 | 1 | 2 | 6 | 3 | 3 | 4 | 4 | 4 | 4 | 3 | 3 | 3 | 3 | 3 | 16 | 8 | 11 | 7 | 11 |
| EBITDA | - | - | - | - | - | - | - | - | - | - | - | - | $89.00M | $206.00M | $251.00M | $456.00M | $211.00M | $456.00M | $490.00M | $352.00M | $244.00M | $295.00M | $362.00M | $95.00M | $168.00M | $546.00M | $100.00M | $255.00M | $277.00M | $-334.00M |
| Avg Forecast | $226.73M | $235.63M | $242.58M | $223.45M | $233.73M | $242.47M | $249.61M | $228.62M | $234.71M | $256.27M | $258.32M | $253.95M | $236.69M | $256.77M | $268.06M | $230.87M | $244.00M | $275.79M | $288.09M | $209.88M | $250.52M | $268.07M | $257.62M | $79.17M | $244.36M | $255.70M | $240.12M | $248.63M | $269.00M | $286.92M |
| High Forecast | $230.31M | $239.34M | $246.40M | $226.97M | $237.41M | $246.29M | $253.55M | $232.23M | $238.41M | $256.88M | $258.32M | $304.75M | $239.59M | $268.56M | $272.29M | $277.04M | $292.80M | $275.79M | $288.09M | $251.86M | $250.52M | $268.07M | $257.62M | $95.00M | $244.36M | $255.70M | $240.12M | $298.35M | $269.00M | $286.92M |
| Low Forecast | $224.56M | $233.37M | $240.25M | $221.31M | $231.49M | $240.14M | $247.22M | $226.43M | $232.46M | $255.66M | $258.32M | $203.16M | $233.79M | $243.37M | $265.49M | $184.69M | $195.20M | $275.79M | $288.09M | $167.90M | $250.52M | $268.07M | $257.62M | $63.33M | $244.36M | $255.70M | $240.12M | $198.90M | $269.00M | $286.92M |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | 0.38% | 0.80% | 0.94% | 1.98% | 0.86% | 1.65% | 1.70% | 1.68% | 0.97% | 1.10% | 1.41% | 1.20% | 0.69% | 2.14% | 0.42% | 1.03% | 1.03% | -1.16% |
1 analysts predict OI's average Quarter EBITDA for Mar 24 to be $253.95M, with a high of $304.75M and a low of $203.16M. This is 185.34% upper than O-I Glass's previous annual EBITDA (Dec 23) of $89.00M.
O-I Glass Net Income Forecast
| Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 2 | 2 | 2 | 2 | 1 | 1 | 1 | 4 | 5 | 4 | 1 | 1 | 2 | 6 | 3 | 3 | 4 | 4 | 4 | 4 | 3 | 3 | 3 | 3 | 3 | 16 | 8 | 11 | 7 | 11 |
| Net Income | - | - | - | - | - | - | - | - | - | - | - | - | $-470.00M | $108.00M | $195.00M | $206.00M | $13.00M | $231.00M | $252.00M | $122.00M | $48.00M | $85.00M | $118.00M | $-97.00M | $-29.00M | $328.00M | $-101.00M | $50.00M | $30.00M | $-575.00M |
| Avg Forecast | $48.69M | $84.70M | $88.49M | $56.46M | $41.24M | $74.85M | $67.77M | $42.94M | $-11.92M | $3.89M | $66.70M | $70.28M | $5.34M | $107.54M | $130.01M | $63.89M | $43.00M | $94.46M | $102.15M | $58.08M | $51.40M | $81.41M | $74.92M | $-80.83M | $53.13M | $45.50M | $9.71M | $48.75M | $75.49M | $86.26M |
| High Forecast | $49.68M | $86.44M | $90.30M | $57.62M | $42.08M | $76.39M | $69.16M | $43.82M | $-9.54M | $3.97M | $66.72M | $84.33M | $7.12M | $112.15M | $132.67M | $76.67M | $51.60M | $94.46M | $102.15M | $69.70M | $51.40M | $81.41M | $74.92M | $-64.67M | $53.13M | $45.50M | $9.71M | $58.50M | $75.49M | $86.26M |
| Low Forecast | $48.08M | $83.65M | $87.39M | $55.76M | $40.72M | $73.92M | $66.93M | $40.56M | $-13.11M | $3.84M | $66.67M | $56.22M | $5.27M | $104.46M | $128.39M | $51.11M | $34.40M | $94.46M | $102.15M | $46.46M | $51.40M | $81.41M | $74.92M | $-97.00M | $53.13M | $45.50M | $9.71M | $39.00M | $75.49M | $86.26M |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | -88.00% | 1.00% | 1.50% | 3.22% | 0.30% | 2.45% | 2.47% | 2.10% | 0.93% | 1.04% | 1.58% | 1.20% | -0.55% | 7.21% | -10.40% | 1.03% | 0.40% | -6.67% |
O-I Glass's average Quarter net income forecast for Dec 23 is $5.34M, with a range of $5.27M to $7.12M. OI's average Quarter net income forecast represents a -95.05% decrease compared to the company's last Quarter net income of $108.00M (Sep 23).
O-I Glass SG&A Forecast
| Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 2 | 2 | 2 | 2 | 1 | 1 | 1 | 4 | 5 | 4 | 1 | 1 | 2 | 6 | 3 | 3 | 4 | 4 | 4 | 4 | 3 | 3 | 3 | 3 | 3 | 16 | 8 | 11 | 7 | 11 |
| SG&A | - | - | - | - | - | - | - | - | - | - | - | - | $116.00M | $134.00M | $143.00M | $147.00M | $126.00M | $128.00M | $123.00M | $119.00M | $108.00M | $108.00M | $116.00M | $102.00M | $95.00M | $95.00M | $97.00M | $116.00M | $100.00M | $108.00M |
| Avg Forecast | $108.48M | $112.74M | $116.06M | $106.91M | $111.83M | $116.01M | $119.43M | $109.39M | $112.30M | $122.62M | $123.60M | $95.03M | $113.25M | $122.86M | $128.26M | $86.39M | $108.00M | $116.35M | $121.55M | $78.54M | $105.69M | $113.10M | $108.69M | $85.00M | $103.10M | $107.88M | $101.31M | $113.10M | $113.49M | $121.05M |
| High Forecast | $110.19M | $114.52M | $117.89M | $108.60M | $113.60M | $117.84M | $121.31M | $111.11M | $114.07M | $122.91M | $123.60M | $114.04M | $114.64M | $128.50M | $130.28M | $103.67M | $129.60M | $116.35M | $121.55M | $94.25M | $105.69M | $113.10M | $108.69M | $102.00M | $103.10M | $107.88M | $101.31M | $135.72M | $113.49M | $121.05M |
| Low Forecast | $107.44M | $111.66M | $114.95M | $105.89M | $110.76M | $114.90M | $118.29M | $108.34M | $111.22M | $122.32M | $123.60M | $76.03M | $111.86M | $116.45M | $127.03M | $69.12M | $86.40M | $116.35M | $121.55M | $62.83M | $105.69M | $113.10M | $108.69M | $68.00M | $103.10M | $107.88M | $101.31M | $90.48M | $113.49M | $121.05M |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | 1.02% | 1.09% | 1.11% | 1.70% | 1.17% | 1.10% | 1.01% | 1.52% | 1.02% | 0.95% | 1.07% | 1.20% | 0.92% | 0.88% | 0.96% | 1.03% | 0.88% | 0.89% |
O-I Glass's average Quarter SG&A projection for Mar 24 is $95.03M, based on 1 Wall Street analysts, with a range of $76.03M to $114.04M. The forecast indicates a -18.07% fall compared to OI last annual SG&A of $116.00M (Dec 23).
O-I Glass EPS Forecast
| Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 2 | 2 | 2 | 2 | 1 | 1 | 1 | 4 | 5 | 4 | 1 | 1 | 2 | 6 | 3 | 3 | 4 | 4 | 4 | 4 | 3 | 3 | 3 | 3 | 3 | 16 | 8 | 11 | 7 | 11 |
| EPS | - | - | - | - | - | - | - | - | - | - | - | - | $-3.05 | $0.70 | $1.26 | $1.33 | $0.09 | $1.49 | $1.62 | $0.78 | $0.31 | $0.54 | $0.75 | $-0.62 | $-0.18 | $2.09 | $-0.64 | $0.32 | $0.20 | $-3.69 |
| Avg Forecast | $0.31 | $0.55 | $0.57 | $0.37 | $0.27 | $0.48 | $0.44 | $0.28 | $-0.08 | $0.03 | $0.43 | $0.38 | $0.03 | $0.70 | $0.84 | $0.86 | $0.32 | $0.60 | $0.65 | $0.39 | $0.33 | $0.52 | $0.48 | $0.30 | $0.34 | $0.29 | $0.06 | $0.40 | $0.48 | $0.55 |
| High Forecast | $0.32 | $0.56 | $0.58 | $0.37 | $0.27 | $0.49 | $0.45 | $0.28 | $-0.06 | $0.03 | $0.43 | $0.38 | $0.05 | $0.73 | $0.86 | $0.87 | $0.32 | $0.60 | $0.65 | $0.39 | $0.33 | $0.52 | $0.48 | $0.30 | $0.34 | $0.29 | $0.06 | $0.40 | $0.48 | $0.55 |
| Low Forecast | $0.31 | $0.54 | $0.57 | $0.36 | $0.26 | $0.48 | $0.43 | $0.26 | $-0.08 | $0.02 | $0.43 | $0.38 | $0.03 | $0.68 | $0.83 | $0.85 | $0.31 | $0.60 | $0.65 | $0.39 | $0.33 | $0.52 | $0.48 | $0.30 | $0.34 | $0.29 | $0.06 | $0.40 | $0.48 | $0.55 |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | -88.29% | 1.01% | 1.50% | 1.55% | 0.28% | 2.48% | 2.50% | 1.98% | 0.95% | 1.04% | 1.58% | -2.06% | -0.53% | 7.23% | -10.37% | 0.80% | 0.42% | -6.73% |
According to 2 Wall Street analysts, O-I Glass's projected average Quarter EPS for Dec 23 is $0.03, with a low estimate of $0.03 and a high estimate of $0.05. This represents a -95.07% decrease compared to OI previous annual EPS of $0.70 (Sep 23).
O-I Glass Peer Comparison by Price Target
| Ticker | Company | Last Closing Price | Avg Price Target | Upside/Downside | Avg Rating |
|---|---|---|---|---|---|
| MYE | Myers Industries | $11.70 | $30.00 | 156.41% | - |
| SEE | Sealed Air | $35.06 | $51.70 | 47.46% | Buy |
| SON | Sonoco Products Company | $49.97 | $68.00 | 36.08% | Buy |
| REYN | Reynolds Consumer Products | $27.64 | $35.00 | 26.63% | Hold |
| OI | O-I Glass | $12.56 | $15.67 | 24.76% | Buy |
| CCK | Crown | $90.28 | $110.56 | 22.46% | Buy |
| AVY | Avery Dennison | $197.64 | $239.17 | 21.01% | Buy |
| PTVE | Pactiv Evergreen | $12.99 | $15.50 | 19.32% | Buy |
| KRT | Karat Packaging | $28.55 | $33.00 | 15.59% | Buy |
| GEF | Greif | $69.83 | $73.50 | 5.26% | Buy |
| SLGN | Silgan | $54.77 | $53.40 | -2.50% | Buy |
| WRK | WestRock | $51.51 | $49.75 | -3.42% | Buy |
| PKG | Packaging Corporation of America | $244.10 | $198.40 | -18.72% | Hold |