Owens Corning [OC] stock is trading at $174.60, up 3.01%. 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 1.99% over the last week, with a monthly amount drifted -12.07%, and not seem to be holding up well over a long-time horizon.
From an analyst’s perspective:
Owens Corning [NYSE: OC] stock has seen the most recent analyst activity on December 17, 2024, when Wells Fargo upgraded its rating to a Overweight and also boosted its price target to $225 from $195. Previously, Barclays upgraded its rating to Overweight on December 11, 2024, and elevated its price target to $245. On July 11, 2024, upgrade upgraded it’s rating to Buy and revised its price target to $191 on the stock. RBC Capital Mkts reiterated a Outperform rating for this stock on May 21, 2024, and upped its price target to $201. In a note dated February 15, 2024, Evercore ISI downgraded an In-line rating on this stock and revised its target price from $163 to $154.
Owens Corning [OC] stock has fluctuated between $138.70 and $214.53 over the past year. Currently, Wall Street analysts expect the stock to reach $217 within the next 12 months. Owens Corning [NYSE: OC] shares were valued at $174.60 at the most recent close of the market. An investor can expect a potential return of 24.28% based on the average OC price forecast.
Analyzing the OC fundamentals
Owens Corning [NYSE:OC] reported sales of 10.44B for the trailing twelve months, which represents a growth of 22.87%. Gross Profit Margin for this corporation currently stands at 0.3% with Operating Profit Margin at 0.18%, Pretax Profit Margin comes in at 0.13%, and Net Profit Margin reading is 0.1%. To continue investigating profitability, this company’s Return on Assets is posted at 0.07, Equity is 0.19 and Total Capital is 0.15. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of1.06.
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 172.10 points at the first support level, and at 169.60 for the second support level. However, for the 1st resistance point, the stock is sitting at 176.00, and for the 2nd resistance point, it is at 177.40.
Ratios To Look Out For
For context, Owens Corning’s Current Ratio is 1.44. Also, the Quick Ratio is 0.85, while the Cash Ratio stands at 0.19. Considering the valuation of this stock, the price to sales ratio is 1.43, the price to book ratio is 2.66 and price to earnings (TTM) ratio is 14.85.
Transactions by insiders
Recent insider trading involved Smith Gunner, President, Roofing, that happened on Dec 13 ’24 when 17450.0 shares were sold. Officer, Smith Gunner completed a deal on Dec 13 ’24 to buy 17450.0 shares. Meanwhile, EVP, Chief R&D Officer Mendez-Andino Jose sold 2593.0 shares on Nov 19 ’24.
