Stifel Nicolaus Reaffirms Their Buy Rating on Owens Corning

By Austin Angelo

In a report released yesterday, John Baugh from Stifel Nicolaus reiterated a Buy rating on Owens Corning (NYSE: OC), with a price target of $83. The company’s shares closed yesterday at $74.13, close to its 52-week high of $74.25.

According to, Baugh is a 5-star analyst with an average return of 12.2% and a 57.4% success rate. Baugh covers the Consumer Goods sector, focusing on stocks such as Bassett Furniture Industries, Stanley Furniture Company, and Leggett & Platt Inc.

Currently, the analyst consensus on Owens Corning is Moderate Buy and the average price target is $75.60, representing a 2.0% upside.

In a report issued on August 28, RBC Capital also reiterated a Buy rating on the stock with a $79 price target.

Owens Corning’s market cap is currently $8.25B and has a P/E ratio of 21.40. The company has a book value ratio of 2.0751.

Based on the recent corporate insider activity of 146 insiders, corporate insider sentiment is negative on the stock. Last month, Daniel T. Smith, the Sr. VP Organization & Adm. of OC sold 41,425 shares for a total of $2,936,618.

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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.