Short Term Rating on Owens Corning Inc (OC)

Owens Corning Inc (OC) : 4 brokerage houses believe that Owens Corning Inc (OC) is a Strong Buy at current levels. 1 Analyst considers the fundamentals to be worthy of a Buy recommendation. 6 analysts believe that the current prices are in a balance with the stocks fundamentals, hence they propose Hold on Owens Corning Inc (OC). Zacks Investment Research suggests a Strong Buy with a rank of 1. 1 others believe that the stock has run up ahead of its fundamentals and advise a Strong Sell on the stock.The median of all the 12 Wall Street Analysts endorse the stock as a Buy with a rating of 2.42.

Owens Corning Inc (OC) : 10 Wall Street analysts covering Owens Corning Inc (OC) believe that the average level the stock could reach for the short term is $53.9. The maximum price target given is $61 and the minimum target for short term is around $42, hence the standard deviation is calculated at $5.53.

Company shares have received an average consensus rating of Hold for the current week


Owens Corning Inc (NYSE:OC): During Tuesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $54.68 and $53.84 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $54.80. The buying momentum continued till the end and the stock did not give up its gains. It closed at $54.05, notching a gain of 0.02% for the day. The total traded volume was 1,118,544 . The stock had closed at $54.04 on the previous day.

Owens Corning is a holding company. The Company is engaged in composite and building materials systems. The Companys products range from glass fiber used to reinforce composite materials for transportation, electronics, marine, infrastructure, wind energy and other markets to insulation and roofing for residential, commercial and industrial applications. The Company operates under three segments: Composites, Insulation and Roofing. The Composites segment is comprised of the Companys Reinforcements and Downstream businesses. Insulation segment includes products, such as thermal and acoustical batts, loosefill insulation, foam sheathing and accessories. The Roofing segment includes products, such as laminate and strip asphalt roofing shingles. The Companys subsidiaries are Owens Corning Sales, LLC and Owens Corning Receivables LLC.

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