Owens Corning (NYSE:OC) had its price objective raised by Jefferies Group from $15.75 to $17.00 in a research report released on Wednesday morning, ARN reports. Jefferies Group currently has a hold rating on the stock.
Owens Corning (NYSE:OC) opened at 37.79 on Wednesday. Owens Corning has a one year low of $29.48 and a one year high of $45.55. The stock’s 50-day moving average is $38.60 and its 200-day moving average is $40.34. The company has a market cap of $4.493 billion and a P/E ratio of 76.34.
Owens Corning (NYSE:OC) last announced its earnings results on Wednesday, October 23rd. The company reported $0.53 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.66 by $0.13. The company had revenue of $1.32 billion for the quarter, compared to the consensus estimate of $1.40 billion. During the same quarter last year, the company posted $0.33 earnings per share. Owens Corning’s revenue was up 3.4% compared to the same quarter last year.
A number of other firms have also recently commented on OC. Analysts at UBS AG cut their price target on shares of Owens Corning from $16.50 to $16.00 in a research note to investors on Tuesday, October 15th. They now have a buy rating on the stock. Separately, analysts at JPMorgan Chase & Co. upgraded shares of Owens Corning from a neutral rating to an overweight rating in a research note to investors on Wednesday, October 9th. They now have a $45.00 price target on the stock, up previously from $44.00. Finally, analysts at FBR & Co. initiated coverage on shares of Owens Corning in a research note to investors on Friday, September 27th. They set an outperform rating on the stock. Seven equities research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. The company presently has an average rating of Buy and an average target price of $40.92.
Owens Corning is engaged in composite and building materials systems, delivering a range of products and services.
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