At the time of writing, Owens Corning [OC] stock is trading at $171.00, up 2.51%. Until recently, the best way to gauge how the stock has performed was to look at its short-term value. The OC shares have gain 4.17% over the last week, with a monthly amount glided 11.90%, and seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Owens Corning [NYSE: OC] stock has seen the most recent analyst activity on February 15, 2024, when Evercore ISI downgraded its rating to a In-line and also revised its price target to $154 from $163. Previously, Barclays downgraded its rating to Equal Weight on February 12, 2024, and dropped its price target to $160. On December 14, 2023, JP Morgan reiterated its Neutral rating and revised its price target to $161 on the stock. Deutsche Bank upgraded its rating to a Buy and increased its price target to $180 on December 08, 2023. Wells Fargo initiated its recommendation with a Equal Weight and recommended $143 as its price target on October 17, 2023. Goldman upgraded its rating to Neutral for this stock on September 07, 2023, and upped its price target to $150. In a note dated July 28, 2023, JP Morgan upgraded an Neutral rating on this stock and boosted its target price from $95 to $133.
For the past year, the stock price of Owens Corning fluctuated between $91.51 and $169.30. Currently, Wall Street analysts expect the stock to reach $102.73 within the next 12 months. Owens Corning [NYSE: OC] shares were valued at $171.00 at the most recent close of the market. An investor can expect a potential drop of -39.92% based on the average OC price forecast.
Analyzing the OC fundamentals
According to Owens Corning [NYSE:OC], the company’s sales were 9.68B for trailing twelve months, which represents an 0.83% jump. Gross Profit Margin for this corporation currently stands at 0.28% with Operating Profit Margin at 0.17%, Pretax Profit Margin comes in at 0.16%, and Net Profit Margin reading is 0.12%. To continue investigating profitability, this company’s Return on Assets is posted at 0.11, Equity is 0.24 and Total Capital is 0.18. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.63.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 168.16 points at the first support level, and at 165.32 for the second support level. However, for the 1st resistance point, the stock is sitting at 172.56, and for the 2nd resistance point, it is at 174.12.
Ratios To Look Out For
It is important to note that Owens Corning [NYSE:OC] has a current ratio of 1.69. As well, the Quick Ratio is 1.17, while the Cash Ratio is 0.69. Considering the valuation of this stock, the price to sales ratio is 1.54, the price to book ratio is 2.89 and price to earnings (TTM) ratio is 13.04.
Transactions by insiders
Recent insider trading involved Mendez-Andino Jose, EVP, Chief R&D Officer, that happened on Mar 15 ’24 when 2833.0 shares were sold. EVP, Chief HR Officer, Russell Paula completed a deal on Mar 14 ’24 to sell 3765.0 shares. Meanwhile, President, Roofing Smith Gunner sold 7442.0 shares on Feb 14 ’24.
