Owens Corning (NYSE:OC) stock price target increased to $60.00, issued a report today by Zacks Investment Research
- Updated: October 2, 2016
In a report released on 09/28/2016 Zacks Investment Research increased the stock price target of Owens Corning (NYSE:OC) to $60.00 indicating a possible upside of 0.12%.
Previously on 9/23/2016, Bank of America (Merrill Lynch) reported on Owens Corning (NYSE:OC) increased the target price from $0.00 to $59.00. At the time, this indicated a possible upside of 0.10%.
Yesterday Owens Corning (NYSE:OC) traded 0.77% higher at $53.48. The company’s 50-day moving average is $53.48 and its 200-day moving average is $51.34. The last closing price is up 4.00% from the 200-day moving average, compared to the S&P 500 which has decreased -0.01% over the same time period. 855,912 shares of the stock traded hands, down from an average trading volume of 1,093,120
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Owens Corning has a 52 week low of $38.96 and a 52 week high of $58.69 with a P/E ratio of 15.07 The company’s market cap is currently $0.
In addition to Zacks Investment Research reporting its stock price target, a total of 17 brokers have issued a report on the company. The average stock price target is $53.06 with 5 brokers rating the stock a strong buy, 3 brokers rating the stock a buy, 10 brokers rating the stock a hold, 2 brokers rating the stock a underperform, and finally 1 broker rating the stock a sell.
General Information About 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.
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