RBC Capital Remains a Buy on O-I Glass (OI)

RBC Capital analyst Arun Viswanathan reiterated a Buy rating on O-I Glass (OI) on May 28, setting a $14.00 price target as shares closed near $9.11. The note aligns with TipRanks’ broader view, which shows an analyst consensus of Strong Buy with a $13.86 target, underscoring upside potential amid mixed quarterly dynamics. In the March 31 quarter, O-I Glass reported revenue of $1.54 billion and a GAAP net loss of $73 million, versus $1.57 billion revenue and a $16 million GAAP loss in the year-ago quarter. Insiders appear supportive, with 33 insiders active and Samuel R. Chapin purchasing 12,000 shares for about $102,000, reinforcing the case for upside to the $13.86 consensus target.