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.

Several price targets were given for OC by the analysts covering the stock. The most optimistic analyst gave a price target of 77, implying a possible profit of 12.15 percent. The lowest price target was 47, implying a possible loss of -31.55 percent. It is crucial to not blindly accept any price targets or stock ratings, because many analysts have it in their best interest to give positive coverage of certain stocks.

Analysts have revised their earnings estimates upwards for this quarter, by about 3.42 percent on average, compared to last month. 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.

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, while 0 analysts decreased their estimates.

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. Smaller PEG ratios are desirable, because people typically see that as an indicator of higher growth relative to stock price. Many investors consider PEG ratios between 0 and 1 as preferrable, though it could be better to see where the ratio stands relative to peers in the industry. OC has a PEG ratio of 1.27.

OC has traded between a high of 68.62 and a low of 46.45 over the past year. Today's price is 47.81 percent above the 52-week low, and below the high by -0.06 percent. 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.