Owens Corning (NYSE:OC) has been downgraded to Hold in a statement by Zacks Investment Research earlier today.
- Updated: November 25, 2016
Having a price of $53.71, Owens Corning (NYSE:OC) traded 1.47% higher on the day. With the last stock price close up 3.17% from the two hundred day average, compared with the S&P 500 Index which has decreased -0.03% over the date range. Owens Corning has recorded a 50-day average of $50.75 and a two hundred day average of $52.06. Volume of trade was down over the average, with 317,437 shares of OC changing hands under the typical 1,168,070
Zacks Investment Research has downgraded Owens Corning (NYSE:OC) to Hold in a statement released on 11/26/2016.
On 11/25/2016, Zacks Investment Research released a statement on Owens Corning (NYSE:OC) upped the target price from $0.00 to $59.00 that suggested an upside of 0.11%.
With a total market value of $0, Owens Corning has price-earnings ratio of 15.04 with a one year low of $38.96 and a one year high of $58.69 .
A total of 17 firms have reported on the stock. 5 brokers rating the stock a strong buy, 3 brokers rating the stock a buy, ten analysts rating the company a hold, two analysts rating the company a underperform, and finally one brokerage rating the company a sell with a 12-month price target of $53.06.
General Company Details For Owens Corning (NYSE:OC)
Owens Corning is a holding company, which is engaged in the business of composite and building materials systems. The Company's 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 in three segments, namely, Composites, Insulation and Roofing. Its Composites segment consists of its Reinforcements and Downstream businesses. The Company's Insulation products include thermal and acoustical batts, loosefill insulation, foam sheathing and accessories, and are sold under various brand names, such as Owens Corning PINK FIBERGLAS Insulation. The Company's primary products in the Roofing segment are laminate and strip asphalt roofing shingles. It sells shingles and roofing accessories primarily through home centers, lumberyards, retailers, distributors and contractors in the United States.
Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with MarketBeat.com's FREE daily email newsletter.