Owens-Illinois (OI) Stock Forecast & Price Target

O-I Glass has demonstrated solid growth in volume, with a reported increase of approximately 4.4% year-over-year in the first quarter, driven by robust performance in both the Americas and Europe. This positive demand inflection follows a period of prolonged destocking, indicating a strengthening market environment for glass packaging, particularly in key sectors like beer, wine, and food. Additionally, the outlook for continued volume growth is supported by O-I’s investor commentary, which anticipates a further increase of around 5%, reaffirming the company's competitive position in critical global markets.

O-I Glass has experienced a decline in volumes of approximately 1-2% in April, particularly impacted by softer demand in European markets, where 40% of its production is exported and relies heavily on the wine and spirits sectors. The company faces several downside risks, including challenges in managing price and input costs, and a persistent loss of market share to other packaging substrates. Additionally, uncertainties surrounding international market exposure and the execution of its MAGMA production process compound the negative outlook for O-I Glass's stock.