RBC Capital Gives a Buy Rating to Owens CorningBy Jason Carr
According to TipRanks.com, Wetenhall is a top 25 analyst with an average return of 14.8% and a 79.5% success rate. Wetenhall covers the Industrial Goods sector, focusing on stocks such as Continental Building Products, Installed Building Products, and Masonite International.
Currently, the analyst consensus on Owens Corning is Strong Buy and the average price target is $68, representing a 9.9% upside.
In a report issued on April 11, Nomura also initiated coverage with a Buy rating on the stock with a $74 price target.
Owens Corning’s market cap is currently $6.94B and has a P/E ratio of 18.18. The company has a book value ratio of 1.8116.
Based on the recent corporate insider activity of 148 insiders, corporate insider sentiment is negative on the stock. Last month, Michael Mcmurray, the SVP & CFO of OC sold 19,500 shares for a total of $1,183,065.
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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 engages in reinforcements, which manufactures, fabricates, and sell glass reinforcements in the form of fiber and the downstream business, which also manufactures and sell glass fiber and glass mat directly to a small number of major shingle manufacturers, including the roofing segment of the company. The Insulation segment provides customers conserve energy, provide improved acoustical performance and offer convenience of installation and use, making its customers a preferred insulating product for a new home construction and remodeling. The Roofing segment engages in laminate and strip asphalt roofing shingles and other products like oxidized asphalt, and roofing accessories. The company was founded on October 31, 1938 and is headquartered in Toledo, OH.