11 analysts have expressed a variety of opinions on Owens-Corning OC over the past quarter, offering a diverse set of opinions from bullish to bearish.
The following table encapsulates their recent ratings, offering a glimpse into the evolving sentiments over the past 30 days and comparing them to the preceding months.
| Bullish | Somewhat Bullish | Indifferent | Somewhat Bearish | Bearish | |
|---|---|---|---|---|---|
| Total Ratings | 4 | 3 | 4 | 0 | 0 |
| Last 30D | 0 | 0 | 1 | 0 | 0 |
| 1M Ago | 1 | 2 | 1 | 0 | 0 |
| 2M Ago | 2 | 1 | 1 | 0 | 0 |
| 3M Ago | 1 | 0 | 1 | 0 | 0 |
Analysts have set 12-month price targets for Owens-Corning, revealing an average target of $189.91, a high estimate of $215.00, and a low estimate of $169.00. Observing a 10.77% increase, the current average has risen from the previous average price target of $171.44.
Breaking Down Analyst Ratings: A Detailed Examination
In examining recent analyst actions, we gain insights into how financial experts perceive Owens-Corning. The following summary 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 |
|---|---|---|---|---|---|
| Susan Maklari | Goldman Sachs | Announces | Neutral | $187.00 | - |
| Matthew Bouley | Barclays | Raises | Equal-Weight | $190.00 | $160.00 |
| Mike Dahl | RBC Capital | Maintains | Outperform | $201.00 | $201.00 |
| Philip Ng | Jefferies | Announces | Buy | $215.00 | - |
| Mike Dahl | RBC Capital | Raises | Outperform | $201.00 | $192.00 |
| Mike Dahl | RBC Capital | Raises | Outperform | $192.00 | $175.00 |
| John Eade | Argus Research | Raises | Buy | $182.00 | $175.00 |
| 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 |
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: Unveiling insights, analysts deliver qualitative insights into stock performance, from 'Outperform' to 'Underperform'. These ratings convey expectations for the relative performance of Owens-Corning compared to the broader market.
- Price Targets: Understanding forecasts, analysts offer estimates for Owens-Corning's future value. Examining the current and prior targets provides insight into analysts' changing expectations.
To gain a panoramic view of Owens-Corning's market performance, explore these analyst evaluations alongside essential financial indicators. Stay informed and make judicious decisions using our Ratings Table.
Stay up to date on Owens-Corning analyst ratings.
Unveiling the Story Behind 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.
Understanding the Numbers: Owens-Corning's Finances
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 faced challenges. As of 31 March, 2024, the company experienced a revenue decline of approximately -1.33%. This indicates a decrease in the company's top-line earnings. When compared to others in the Industrials sector, the company faces challenges, achieving a growth rate lower than the average among peers.
Net Margin: Owens-Corning's financial strength is reflected in its exceptional net margin, which exceeds industry averages. With a remarkable net margin of 13.0%, the company showcases strong profitability and effective cost management.
Return on Equity (ROE): Owens-Corning's ROE is below industry averages, indicating potential challenges in efficiently utilizing equity capital. With an ROE of 5.75%, the company may face hurdles in achieving optimal financial returns.
Return on Assets (ROA): Owens-Corning's ROA stands out, surpassing industry averages. With an impressive ROA of 2.66%, the company demonstrates effective utilization of assets and strong financial performance.
Debt Management: Owens-Corning's debt-to-equity ratio is below the industry average. With a ratio of 0.63, the company relies less on debt financing, maintaining a healthier balance between debt and equity, which can be viewed positively by investors.
Analyst Ratings: What Are They?
Analyst ratings serve as essential indicators of stock performance, provided by experts in banking and financial systems. These specialists diligently analyze company financial statements, participate in conference calls, and engage with insiders to generate quarterly ratings for individual stocks.
In addition to their assessments, some analysts extend their insights by offering predictions for key metrics such as earnings, revenue, and growth estimates. This supplementary information provides further guidance for traders. It is crucial to recognize that, despite their specialization, analysts are human and can only provide forecasts based on their beliefs.
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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