Currently, Owens Corning [OC] is trading at $171.41, down -0.21%. 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 5.43% over the last week, with a monthly amount drifted -4.82%, and not 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 July 11, 2024, when Citigroup upgraded its rating to a Buy and also boosted its price target to $191 from $178. RBC Capital Mkts reiterated its Outperform rating and increased its price target to $201 on May 21, 2024. Evercore ISI downgraded its rating to a In-line and reduced its price target to $154 on February 15, 2024. Barclays downgraded its rating to Equal Weight for this stock on February 12, 2024, and downed its price target to $160. In a note dated December 14, 2023, JP Morgan reiterated an Neutral rating on this stock and boosted its target price from $116 to $161.
This stock has fluctuated between a low of $109.95 and a high of $191.13 over the last 52 weeks. Currently, Wall Street analysts expect the stock to reach $136.08 within the next 12 months. Owens Corning [NYSE: OC] shares were valued at $171.41 at the most recent close of the market. An investor can expect a potential drop of -20.61% based on the average OC price forecast.
Analyzing the OC fundamentals
Trailing Twelve Months sales for Owens Corning [NYSE:OC] were 9.87B which represents 8.82% growth. Gross Profit Margin for this corporation currently stands at 0.3% with Operating Profit Margin at 0.19%, Pretax Profit Margin comes in at 0.14%, and Net Profit Margin reading is 0.11%. To continue investigating profitability, this company’s Return on Assets is posted at 0.07, Equity is 0.2 and Total Capital is 0.15. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of1.04.
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 169.85 points at the first support level, and at 168.28 for the second support level. However, for the 1st resistance point, the stock is sitting at 173.64, and for the 2nd resistance point, it is at 175.86.
Ratios To Look Out For
To put it in perspective, the Current Ratio for Owens Corning [NYSE:OC] is 1.37. As well, the Quick Ratio is 0.79, while the Cash Ratio is 0.1. Considering the valuation of this stock, the price to sales ratio is 1.51, the price to book ratio is 2.72 and price to earnings (TTM) ratio is 14.51.
Transactions by insiders
Recent insider trading involved MORRIS W HOWARD, Director, that happened on Aug 14 ’24 when 820.0 shares were sold. Director, MORRIS W HOWARD completed a deal on Aug 14 ’24 to buy 820.0 shares. Meanwhile, EVP & Chief Financial Officer Fister Todd W sold 3000.0 shares on Jun 27 ’24.
