Brokerage Firm Rating Update on Owens Corning Inc (OC)

Owens Corning Inc (OC) : 10 analysts are covering Owens Corning Inc (OC) and their average rating on the stock is 2.5, which is read as a Buy. 3 equity analysts believe that the stock has a bright future and the price doesnt capture all of its upside, hence they rate the stock as a Strong Buy. Owens Corning Inc (OC) also receives 1 more Buy recommendations from analysts who believe that the stock will do well going forward. A Zacks Investment Research rank of 3, which recommends a Hold affirms that they expect a large upside in the stock from the current levels. However, 1 analysts consider that the stock has more downward risks ahead, hence, they suggest a Strong Sell on the stock. A total of 5 brokerage firms believe that the stock is fairly valued, hence they advise a Hold on the stock.

Owens Corning Inc (OC) : The highest short term price target forecast on Owens Corning Inc (OC) is $63 and the lowest target price is $42. A total of 9 equity analysts are currently covering the company. The average price of all the analysts is $56.44 with a standard deviation of $6.84.


Company shares have received an average consensus rating of Hold for the current week Also, Credit Suisse initiates coverage on Owens Corning Inc (NYSE:OC).The analysts at the brokerage house have a current rating of Underperform on the shares. In a recent information released to the investors, Credit Suisse announces the price target of $51 per share. The rating by the firm was issued on August 11, 2016.

Owens Corning Inc (NYSE:OC): stock was range-bound between the intraday low of $54.81 and the intraday high of $55.65 after having opened at $55.13 on Wednesdays session. The stock finally closed in the red at $55.13, a loss of -0.51%. The stock remained in the red for the whole trading day. The total traded volume was 885,691 shares. The stock failed to cross $55.65 in Wednesdays trading. The stocks closing price on Thursday was $55.26.

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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