Zelman & Associates upgraded Owens Corning (NYSE:OC) to Buy in a report released today.
- Updated: February 11, 2017
Zelman & Associates has upgraded Owens Corning (NYSE:OC) to Buy in a report released on Thursday February 09, 2017.
Yesterday Owens Corning (NYSE:OC) traded 0.79% higher at $56.68. The company’s 50-day moving average is $53.87 and its 200-day moving average is $52.89. The last stock close price is up 8.13% from the 200-day moving average, compared to the S&P 500 which has increased 0.06% over the same time. 1,439,723 shares of the stock were exchanged, up from an average trading volume of 1,088,440
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Owens Corning has a 52 week low of $39.98 and a 52 week high of $58.69 with a P/E ratio of 16.01 The company’s market cap is currently $0.
In addition to Zelman & Associates reporting its target price, a total of 17 firms have reported on the stock. The consensus target price is $53.06 with 5 firms rating the stock a strong buy, 3 firms rating the stock a buy, 10 firms rating the stock a hold, 2 firms rating the stock a underperform, and finally 1 firm rating the stock a sell.
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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