Truist has adjusted its price target for O-I Glass (OI, Financial), reducing it from $15 to $13, while maintaining a Buy rating on the company's stock. This revision comes as multiples across the firm's coverage have experienced a decline in recent weeks. The primary factors contributing to this adjustment include apprehensions regarding potential tariffs and the possibility of a recession driven by decreased consumer demand.
The analyst emphasizes that these economic concerns have been pivotal in evaluating the outlook for O-I Glass, impacting their decision to lower the price target. Despite these challenges, Truist remains optimistic about the stock's potential, reflected in its continued Buy rating. Investors are advised to consider these broader market conditions when assessing the performance and prospects of O-I Glass.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 9 analysts, the average target price for O-I Glass Inc (OI, Financial) is $14.56 with a high estimate of $18.00 and a low estimate of $11.00. The average target implies an upside of 35.02% from the current price of $10.78. More detailed estimate data can be found on the O-I Glass Inc (OI) Forecast page.
Based on the consensus recommendation from 10 brokerage firms, O-I Glass Inc's (OI, Financial) average brokerage recommendation is currently 2.3, indicating "Outperform" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.
Based on GuruFocus estimates, the estimated GF Value for O-I Glass Inc (OI, Financial) in one year is $14.32, suggesting a upside of 32.84% from the current price of $10.78. GF Value is GuruFocus' estimate of the fair value that the stock should be traded at. It is calculated based on the historical multiples the stock has traded at previously, as well as past business growth and the future estimates of the business' performance. More detailed data can be found on the O-I Glass Inc (OI) Summary page.
