Impact of Brokerage Rating on Owens Corning Inc(OC)

Many Owens Corning Inc(OC) Stock Research Financial Advisors from Investment Banking firms have advised their client and investors on the stock. Owens Corning was Initiated by Barclays on Jan 6, 2017 to Equal Weight, Price Target of the shares are set at $54.Owens Corning was Upgraded by KeyBanc Capital Mkts to Overweight on Jan 5, 2017. Owens Corning was Initiated by Macquarie to Underperform on Dec 16, 2016. Owens Corning was Initiated by Seaport Global Securities on Dec 7, 2016 to Buy, Price Target of the shares are set at $61.

Company has reported several Insider transactions to the SEC, on Dec 13, 2016, Michael H Thaman (Chairman, President and CEO) sold 226,400 shares at 55.44 per share price.On Sep 1, 2016, Arnaud Genis (Group Pres Composite Materials) sold 66,619 shares at 54.68 per share price.On Aug 24, 2016, Kelly Schmidt (Vice President, Controller) sold 13,200 shares at 54.41 per share price.

Owens Corning Last issued its quarterly earnings results on Feb 8, 2017. The company reported $0.72 EPS for the quarter, beating the analyst consensus estimate by $ 0.12. Analyst had a consensus of $0.60. The company had revenue of $1383.00 million for the quarter, compared to analysts expectations of $1307.24 million. The companys revenue was up 6.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.66 EPS.

Owens Corning Inc (NYSE:OC) has received a short term rating of strong buy from experts at Zacks with a rank of 1. The stock has been rated an average of 2.47 by 15 Brokerage Firm. 6 Wall Street Firms have rated the stock as a strong buys. 7 Brokerage Firms have advised hold. 2 Analysts have rated it as strong sell.

Owens Corning Inc (NYSE:OC): The stock price is expected to reach $ 58.58 in the short term. The number of analysts agreeing with this consensus is 12. The higher estimate for the short term price target is at $65 while the lower estimate is at $42. The standard deviation of the price stands at $6.91.

Owens Corning Inc (NYSE:OC) rose 0.12% or 0.07 points on Tuesday and made its way into the gainers of the day. After trading began at $57.22 the stock was seen hitting $57.65 as a peak level and $57.02 as the lowest level. The stock ended up at $57.58. The daily volume was measured at 1,297,751 shares. The 52-week high of the share price is $58.69 and the 52-week low is $39.98. The company has a market cap of $6,471 million.

Owens Corning is a world leader in building materials systems and composite solutions. Owens Corning people redefine what is possible each day to deliver high-quality products and services ranging from insulation, roofing, siding and stone, to glass composite materials used in transportation, electronics, telecommunications and other high-performance applications. Owens Corning has become a market-leading innovator of glass-fiber technology with sales.

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