At the time of writing, Owens Corning [OC] stock is trading at $181.42, up 5.47%. One of the good ways to gauge the recent performance is if the stock’s short-term value is rising or falling. The OC shares have gain 2.78% over the last week, with a monthly amount glided 15.44%, 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 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.
For the past year, the stock price of Owens Corning fluctuated between $109.95 and $191.13. Currently, Wall Street analysts expect the stock to reach $136.08 within the next 12 months. Owens Corning [NYSE: OC] shares were valued at $181.42 at the most recent close of the market. An investor can expect a potential drop of -24.99% based on the average OC price forecast.
Analyzing the OC fundamentals
According to Owens Corning [NYSE:OC], the company’s sales were 9.87B for trailing twelve months, which represents an 8.82% jump. 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. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 1.04.
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 172.69 points at the first support level, and at 163.96 for the second support level. However, for the 1st resistance point, the stock is sitting at 185.93, and for the 2nd resistance point, it is at 190.44.
Ratios To Look Out For
It is important to note that Owens Corning [NYSE:OC] has a current ratio of 1.37. Also, the Quick Ratio is 0.79, while the Cash Ratio stands at 0.1. Considering the valuation of this stock, the price to sales ratio is 1.60, the price to book ratio is 2.88 and price to earnings (TTM) ratio is 15.36.
Transactions by insiders
Recent insider trading involved Sandri Marcio A, President, Composites, that happened on Sep 19 ’24 when 3051.0 shares were sold. President, Composites, Sandri Marcio A completed a deal on Sep 17 ’24 to sell 3050.0 shares. Meanwhile, Officer Sandri Marcio A bought 3051.0 shares on Sep 19 ’24.
