Analyst Ratings for Owens Corning (OC)Updated: 2017-07-26
Analysts covering Owens Corning (NYSE:OC) have given it a consensus rating of Overweight. About 30 days ago, OC was issued an average rating of Overweight.
A buy rating was issued by 14 analysts, 0 issued an overweight rating, 7 issued a hold rating, 0 gave an underweight rating, and 2 issued a sell rating. Compared to three months ago, there has been an increase of 1 in the number of analysts with a positive outlook on the stock. During this time, the number of analysts bearish on the stock has decreased by 1.
Investment analysts gave a few price targets for OC. The most optimistic analyst gave a price target of 77, implying a possible profit of 12.15 percent. The most pessimistic analyst gave a price target of 47, implying potential capital losses of -31.55 percent. One must be careful with overanalyzing price targets and ratings due to possible conflicts of interest among the analysts releasing them.
Over the past month, analysts have revised their estimates for this quarter's earnings, with a net average change of 3.42 percent. That number becomes -1.78 percent if we expand the time horizon to include the past 3 months instead of just one. Meanwhile, fiscal year estimates have been revised upwards by 1.63 percent, compared to last month. Expanding the time horizon to 3 months, the average change in fiscal year estimates becomes 2.65 percent.
Investors like to see analysts making revisions in the same direction, as that raises confidence in the revisions. 4 analysts made positive revisions to their quarterly estimates over the past month, while 2 analysts made negative revisions. During this time, 5 analysts made positive revisions in their estimates for this fiscal year's earnings, while 0 analysts made negative revisions to their fiscal year's estimates.
Analysts estimate earnings of OC to grow at a rate of 14.2 percent. People on Wall Street often look at a company's PEG ratio. A lower PEG ratio is favorable, because that is often interpreted as the company being fairly priced relative to its growth rate. People often look for the PEG ratio to be under 1, but many choose to perform ratio comparisons with other companies in the industry. OC has a PEG ratio of 1.27.
OC has a 52-week high of 68.62 and a 52-week low of 46.45. Today's price is 47.81 percent above the 52-week low, and -0.06 percent lower than its 52-week high. OC has a price/earnings ratio of 18.01. Investors typically compare the P/E ratio to a company's peers in the industry. The OC value stock report compares OC to some of its peers using value stock charts. The market cap of OC is $7.17 billion. OC's next earnings release will be on 0000-00-00, which is days away.