O-i Glass, Inc (OI) Stock AnalysisOIO-i Glass, Inc

O-I Glass, Inc. is a producer of glass bottles and jars around the globe. The Company specializes in the glass container segment of the rigid packaging market. Its segments include the Americas and Europe. The Company produces glass containers for alcoholic beverages, including beer, flavored malt beverages, spirits and wine. The Company also produces glass packaging for a variety of food items, soft drinks, teas, juices and pharmaceuticals. The Company manufactures glass containers in a range of sizes, shapes and colors and is active in new product development and glass container innovation. It sells most of its glass container products directly to customers under annual or multi-year supply agreements. It also sells some of its products through distributors. It operates approximately 64 glass manufacturing plants in 18 countries. It also provides engineering support for its glass manufacturing operations through facilities located in the United States, Poland and Peru. It operates in the Basic Materials sector (GLASS CONTAINERS industry).

O-I Glass Inc is not a good buy right now due to significant financial struggles and negative analyst sentiment. The current price is $5.83, with a forward P/E of 4.50, indicating low valuation but overshadowed by a staggering year-to-date change of -61.54%. The company has reported a gross margin of only 12.65% in Q2 2026, which is quite low, and analysts have downgraded their price targets, with BofA setting a target of $7. The main risk is the declining net income, which saw a massive drop to -$972 million in Q2 2026, indicating severe operational challenges.

14 analysts cover OI: 3 rate it Buy, 10 Hold and 1 Sell. The average price target is 18.20.