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.
A number of analysts gave price targets for OC. The highest price target was 77, implying a possible profit of 12.15 percent. The most pessimistic price target was 47, implying a possible loss 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. Over the past 30 days, FY earnings estimates have also changed upwards by 1.63 percent. Expanding the time horizon to 3 months, the average change in fiscal year estimates becomes 2.65 percent.
People are often interested in whether analysts were united in the direction of their revisions. Over the past month, 4 analysts increased their quarterly estimates, which can be compared to the 2 analysts that decreased their estimates. Over the same time period, 5 analysts revised their FY earnings estimates upwards, while 0 analysts made negative revisions to their fiscal year's estimates.
The growth rate of OC's earnings is estimated by analysts to be 14.2 percent. It's possible to gain additional insight about growth valuation of a company by looking at the PEG ratio. Investors like to see smaller values for the PEG ratio, as that can indicate whether the high price level of a stock is warranted by high growth. PEG ratios below 1 are often considered desirable, although it is frequently more appropriate to compare PEG ratios to the company's peers. The PEG ratio of OC is 1.27.
OC has a 52-week high of 68.62 and a 52-week low of 46.45. The current market price is above the trailing year's low by 47.81 percent, and -0.06 percent below the 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 stock has a market capitalization of $7.17 billion. OC's next earnings release will be on 0000-00-00, which is days away.