Providing a diverse range of perspectives from bullish to bearish, 10 analysts have published ratings on Owens-Corning OC in the last three months.
Summarizing their recent assessments, the table below illustrates the evolving sentiments in the past 30 days and compares them to the preceding months.
| Bullish | Somewhat Bullish | Indifferent | Somewhat Bearish | Bearish | |
|---|---|---|---|---|---|
| Total Ratings | 3 | 1 | 6 | 0 | 0 |
| Last 30D | 1 | 0 | 1 | 0 | 0 |
| 1M Ago | 1 | 0 | 1 | 0 | 0 |
| 2M Ago | 0 | 0 | 0 | 0 | 0 |
| 3M Ago | 1 | 1 | 4 | 0 | 0 |
Analysts have recently evaluated Owens-Corning and provided 12-month price targets. The average target is $168.7, accompanied by a high estimate of $192.00 and a low estimate of $145.00. Marking an increase of 4.39%, the current average surpasses the previous average price target of $161.60.
Analyzing Analyst Ratings: A Detailed Breakdown
The standing of Owens-Corning among financial experts is revealed through an in-depth exploration of recent analyst actions. The summary below outlines key analysts, their recent evaluations, and adjustments to ratings and price targets.
| Analyst | Analyst Firm | Action Taken | Rating | Current Price Target | Prior Price Target |
|---|---|---|---|---|---|
| John Lovallo | UBS | Raises | Buy | $192.00 | $169.00 |
| Stephen Kim | Evercore ISI Group | Raises | In-Line | $172.00 | $154.00 |
| Paul Lejuez | Citigroup | Raises | Neutral | $169.00 | $150.00 |
| Garik Shmois | Loop Capital | Raises | Buy | $188.00 | $167.00 |
| Michael Rehaut | JP Morgan | Lowers | Neutral | $163.00 | $164.00 |
| John Lovallo | UBS | Lowers | Buy | $169.00 | $175.00 |
| Mike Dahl | RBC Capital | Lowers | Outperform | $175.00 | $183.00 |
| Keith Hughes | Truist Securities | Raises | Hold | $145.00 | $115.00 |
| Stephen Kim | Evercore ISI Group | Lowers | In-Line | $154.00 | $163.00 |
| Matthew Bouley | Barclays | Lowers | Equal-Weight | $160.00 | $176.00 |
Key Insights:
- Action Taken: In response to dynamic market conditions and company performance, analysts update their recommendations. Whether they 'Maintain', 'Raise', or 'Lower' their stance, it signifies their reaction to recent developments related to Owens-Corning. This insight gives a snapshot of analysts' perspectives on the current state of the company.
- Rating: Analyzing trends, analysts offer qualitative evaluations, ranging from 'Outperform' to 'Underperform'. These ratings convey expectations for the relative performance of Owens-Corning compared to the broader market.
- Price Targets: Analysts provide insights into price targets, offering estimates for the future value of Owens-Corning's stock. This comparison reveals trends in analysts' expectations over time.
Understanding these analyst evaluations alongside key financial indicators can offer valuable insights into Owens-Corning's market standing. Stay informed and make well-considered decisions with our Ratings Table.
Stay up to date on Owens-Corning analyst ratings.
All You Need to Know About Owens-Corning
Owens-Corning Inc is a manufacturer of glass fiber utilized in composites and building materials. It has an integrated business model with three reportable segments: Composites, Insulation, and Roofing. It generates maximum revenue from the Roofing segment. Its Roofing segment laminate and strip asphalt roofing shingles, roofing components, synthetic packaging materials, and oxidized asphalt. It meets the growing demand for longer-lasting, aesthetically attractive laminate products with modest capital investment. Geographically the company generates the majority of its revenue from the United States.
Owens-Corning: Delving into Financials
Market Capitalization Analysis: The company's market capitalization is above the industry average, indicating that it is relatively larger in size compared to peers. This may suggest a higher level of investor confidence and market recognition.
Revenue Growth: Owens-Corning's revenue growth over a period of 3 months has been noteworthy. As of 31 December, 2023, the company achieved a revenue growth rate of approximately 0.83%. This indicates a substantial increase in the company's top-line earnings. As compared to its peers, the revenue growth lags behind its industry peers. The company achieved a growth rate lower than the average among peers in Industrials sector.
Net Margin: Owens-Corning's net margin lags behind industry averages, suggesting challenges in maintaining strong profitability. With a net margin of 5.69%, the company may face hurdles in effective cost management.
Return on Equity (ROE): Owens-Corning's ROE lags behind industry averages, suggesting challenges in maximizing returns on equity capital. With an ROE of 2.55%, the company may face hurdles in achieving optimal financial performance.
Return on Assets (ROA): Owens-Corning's ROA is below industry standards, pointing towards difficulties in efficiently utilizing assets. With an ROA of 1.17%, the company may encounter challenges in delivering satisfactory returns from its assets.
Debt Management: With a below-average debt-to-equity ratio of 0.63, Owens-Corning adopts a prudent financial strategy, indicating a balanced approach to debt management.
The Core of Analyst Ratings: What Every Investor Should Know
Analysts work in banking and financial systems and typically specialize in reporting for stocks or defined sectors. Analysts may attend company conference calls and meetings, research company financial statements, and communicate with insiders to publish "analyst ratings" for stocks. Analysts typically rate each stock once per quarter.
Some analysts also offer predictions for helpful metrics such as earnings, revenue, and growth estimates to provide further guidance as to what to do with certain tickers. It is important to keep in mind that while stock and sector analysts are specialists, they are also human and can only forecast their beliefs to traders.
This article was generated by Benzinga's automated content engine and reviewed by an editor.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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