Owens Corning Receives a Buy from KeyBanc

By Carrie Williams

KeyBanc analyst Kenneth Zener reiterated a Buy rating on Owens Corning (NYSE: OC) yesterday and set a price target of $115. The company’s shares closed yesterday at $95.49, close to its 52-week high of $95.53.

According to TipRanks.com, Zener is a 4-star analyst with an average return of 10.5% and a 59.2% success rate. Zener covers the Industrial Goods sector, focusing on stocks such as Installed Building Products, Gibraltar Industries, and Calatlantic Group.

Currently, the analyst consensus on Owens Corning is Moderate Buy and the average price target is $95.89, representing a 0.4% upside.

In a report issued on January 8, Northcoast Research also reiterated a Buy rating on the stock with a $105 price target.

The company has a one-year high of $95.53 and a one-year low of $52.48. Currently, Owens Corning has an average volume of 1.19M.

Based on the recent corporate insider activity of 153 insiders, corporate insider sentiment is negative on the stock. Most recently, in December 2017, Michael Mcmurray, the SVP & CFO of OC sold 18,000 shares for a total of $1,633,955.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

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 manufactures, fabricates, and sells glass reinforcements in the form of fiber and the downstream business.