George Staphos, an analyst from Bank of America Securities, maintained the Hold rating on O-I Glass. The associated price target remains the same with $13.00.
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George Staphos has given his Hold rating due to a combination of factors related to O-I Glass’s financial performance and market conditions. The company’s third-quarter results exceeded expectations by approximately $10 million, primarily due to favorable pricing and improved margins, particularly in the Americas. However, there are concerns about potential shipment slowdowns in the beer and alcohol sectors, which could impact future performance.
Despite the challenges in volume, O-I Glass has raised its earnings guidance for 2025, indicating a positive outlook with adjusted EPS now projected between $1.55 and $1.65. The company’s Fit to Win program is contributing to better margins, although European volumes were slightly below expectations. While the fourth-quarter guidance has been raised, the overall market reaction is expected to be neutral to positive, contingent on further insights into volume and pricing trends. Therefore, the Hold rating reflects a balanced view of the company’s current valuation and future prospects.
According to TipRanks, Staphos is a 4-star analyst with an average return of 4.0% and a 50.41% success rate. Staphos covers the Consumer Cyclical sector, focusing on stocks such as Packaging, Sonoco Products, and International Paper Co.
In another report released on October 30, TR | OpenAI – 4o also reiterated a Hold rating on the stock with a $11.50 price target.