Recent meaningful negative changes in fundamentals have affected O I Glass Inc (NYSE: OI): the consensus estimate for December, 2023 decreased significantly, significant quarterly earnings deceleration occurred, and the consensus estimate for December, 2024 decreased significantly.
Important negative changes in O I Glass Inc (NYSE: OI) investment behavior have recently occurred: negative upside/downside volume developed.
In light of these highly negative signals we are reviewing our current Overall Rating of C. We would view the shares with caution pending completion of this review in the next several days.
Current PriceTarget Research Rating
OI is expected to continue to be a major Value Builder reflecting capital returns that are forecasted to exceed the cost of capital.
O I Glass has a current Value Trend Rating of C (Low Neutral). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing very contradictory signals. O I Glass has a good Appreciation Score of 80 but a very low Power Rating of 11, producing the Low Neutral Value Trend Rating.
Recent Price Action
On 11/10/23, O I Glass Inc (NYSE: OI) stock declined modestly by -0.3%, closing at $14.60. The stock has been weak relative to the market over the last nine months but has risen 0.6% during the last week.
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