TheStreet Upgrades Owens Corning to “Buy” (OC)
Owens Corning (NYSE:OC) was upgraded by research analysts at TheStreet to a “buy” rating in a report released on Friday, American Banking News.com reports.
OC has been the subject of a number of other recent research reports. Analysts at Barclays raised their price target on shares of Owens Corning from $42.00 to $43.00 in a research note to investors on Monday, January 27th. They now have an “equal weight” rating on the stock. Separately, analysts at MKM Partners initiated coverage on shares of Owens Corning in a research note to investors on Wednesday, December 4th. They set a “neutral” rating and a $35.00 price target on the stock. Finally, analysts at SunTrust upgraded shares of Owens Corning from a “neutral” rating to a “buy” rating in a research note to investors on Wednesday, December 4th. They now have a $51.00 price target on the stock, up previously from $38.00. Eleven analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. The stock has a consensus rating of “Buy” and an average price target of $37.67.
Owens Corning (NYSE:OC) traded down 0.13% during mid-day trading on Friday, hitting $38.76. 1,693,451 shares of the company’s stock traded hands. Owens Corning has a 52 week low of $34.41 and a 52 week high of $45.55. The stock has a 50-day moving average of $39.92 and a 200-day moving average of $38.60. The company has a market cap of $4.563 billion and a price-to-earnings ratio of 70.44.
Owens Corning is engaged in composite and building materials systems, delivering a range of products and services.
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