Zacks Investment Research downgraded Owens Corning (NYSE:OC) to Hold in a statement released earlier today.
- Updated: October 9, 2016
Boasting a price of $53.10, Owens Corning (NYSE:OC) traded -3.19% lower on the day. With the last stock price close up 2.99% from the two hundred day average, compared with the S&P 500 Index which has decreased -0.01% over the date range. Owens Corning has recorded a 50-day average of $53.47 and a two hundred day average of $51.60. Volume of trade was up over the average, with 1,717,528 shares of OC changing hands over the typical 1,132,900
Zacks Investment Research has downgraded Owens Corning (NYSE:OC) to Hold in a statement released on 10/5/2016.
With a total market value of $0, Owens Corning has price-earnings ratio of 15.00 with a one year low of $38.96 and a one year high of $58.69 .
A total of 17 equity analysts have released a research note on OC. 5 brokerages rating the stock a strong buy, 3 brokerages rating the stock a buy, 10 brokerages rating the stock a hold, 2 brokerages rating the stock a underperform, and finally 1 firm rating the stock a sell with a consensus target price of $53.06.
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.
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.