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 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.
In the last 30 days, analysts have changed their quarterly earnings estimates upwards by an average of 3.42 percent. The average change in earnings estimates over the last 90 days is -1.78 percent. On the other hand, earnings estimates for the fiscal year have been revised upwards by 1.63 percent, as compared to a month ago. If we look at the last 90 days instead, we find a net average change of 2.65 percent in FY estimates.
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, while 2 analysts revised their estimates downwards. Over the same time period, 5 analysts revised their FY earnings estimates upwards, compared to 0 analysts that revised their FY estimates downwards.
OC has an estimated earnings growth rate of 14.2 percent as forecasted by analysts. Another measure frequently examined by investors is the PEG ratio. A lower PEG ratio is favorable, because that is often interpreted as the company being fairly priced relative to its growth rate. Many investors consider PEG ratios between 0 and 1 as preferrable, although it is frequently more appropriate to compare PEG ratios to the company's peers. The PEG ratio of OC is 1.27.
In the last 52-weeks, OC has achieved a high of 68.62 and a 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.