In a report released today, Sam Reid from Wells Fargo maintained a Hold rating on Owens Corning (OC – Research Report), with a price target of $165.00. The company’s shares closed last Friday at $172.66.
According to TipRanks, Reid is a 4-star analyst with an average return of 12.2% and a 68.57% success rate. Reid covers the Consumer Cyclical sector, focusing on stocks such as KB Home, Mohawk, and DR Horton.
Currently, the analyst consensus on Owens Corning is a Moderate Buy with an average price target of $166.18, a -3.75% downside from current levels. In a report released on April 5, Citi also maintained a Hold rating on the stock with a $169.00 price target.
The company has a one-year high of $173.65 and a one-year low of $92.01. Currently, Owens Corning has an average volume of 686.6K.
Based on the recent corporate insider activity of 152 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.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
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 price target raised to $169 from $150 at Citi
- Owens Corning price target raised to $188 from $167 at Loop Capital
- Owens Corning Offers Executive Bonuses for Sale Retention
- Owens Corning price target raised to $175 from $155 at Argus
- Masonite price target raised to $133 from $87 at RBC Capital
