OI Stock Recent News

O-I Glass (OI) has been upgraded to a Zacks Rank #1 (Strong Buy), reflecting growing optimism about the company's earnings prospects. This might drive the stock higher in the near term.

OI and BBVA made it to the Zacks Rank #1 (Strong Buy) value stocks list on August 29, 2023.

Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.

Here is how O-I Glass (OI) and Terex (TEX) have performed compared to their sector so far this year.

O-I Glass (OI) possesses solid growth attributes, which could help it handily outperform the market.

Solid end-market demand and the focus on unveiling innovative products will aid the Zacks Glass Products industry's growth. This bodes well for stocks like OI, APOG and CRKN.

O-I Glass (OI) reports year-over-year improvement in revenues and earnings, aided by higher prices and benefits from its ongoing margin expansion initiatives despite lower volumes.

Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.

If you are looking for stocks that have gained strong momentum recently but are still trading at reasonable prices, O-I Glass (OI) could be a great choice. It is one of the several stocks that passed through our 'Fast-Paced Momentum at a Bargain' screen.

The mean of analysts' price targets for O-I Glass (OI) points to a 31.3% upside in the stock. While this highly sought-after metric has not proven reasonably effective, strong agreement among analysts in raising earnings estimates does indicate an upside in the stock.