In a report released today, Reuben Garner from Benchmark Co. maintained a Hold rating on Owens Corning (OC – Research Report). The company’s shares closed yesterday at $143.03.
According to TipRanks, Garner is a 5-star analyst with an average return of 29.8% and a 75.49% success rate. Garner covers the Industrials sector, focusing on stocks such as Builders Firstsource, Owens Corning, and Quanex.
Currently, the analyst consensus on Owens Corning is a Moderate Buy with an average price target of $164.17, implying a 14.78% upside from current levels. In a report released yesterday, Evercore ISI also downgraded the stock to a Hold with a $154.00 price target.
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The company has a one-year high of $160.18 and a one-year low of $87.79. Currently, Owens Corning has an average volume of 720.9K.
Based on the recent corporate insider activity of 139 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of OC in relation to earlier this year.
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Owens Corning (OC) Company Description:
Owens Corning engages in the development, manufacture, and marketing of insulation, roofing, and fiberglass composites. It operates through the following segments: Composites, Insulation and Roofing. The Composites segment manufactures, fabricates, and sells glass reinforcements in the form of fiber, and also includes vertically integrated downstream activities. The Insulation segment provides insulating products which help customers conserve energy; provide improved acoustical performance; and offer convenience of installation and use. The Roofing segment offers laminate and strip asphalt roofing shingles and other products including oxidized asphalt and roofing accessories. The company was founded on October 31, 1938 and is headquartered in Toledo, OH.
Read More on OC:
- Owens Corning Is Worried About This – Should You Be Worried Too?
- Owens Corning sees Q1 sales ‘slightly below’ last year, consensus $2.32B
- Owens Corning reports Q4 adjusted EPS $3.21, consensus $2.85
- Masonite downgraded to Hold from Buy at Deutsche Bank
- Owens Corning downgraded to Equal Weight from Overweight at Barclays
