Owens Corning PT Raised to $47.00 at Barclays (OC)
Equities research analysts at Barclays upped their price objective on shares of Owens Corning (NYSE:OC) from $43.00 to $47.00 in a research note issued to investors on Thursday, Analyst Ratings.Net reports. The firm currently has an “equal weight” rating on the stock. Barclays’ price target would suggest a potential upside of 5.03% from the stock’s previous close.
Other equities research analysts have also recently issued reports about the stock. Analysts at Citigroup Inc. downgraded shares of Owens Corning to a “neutral” rating in a research note on Wednesday. Separately, analysts at Jefferies Group reiterated a “buy” rating on shares of Owens Corning in a research note on Monday. They now have a $51.00 price target on the stock. Finally, analysts at TheStreet upgraded shares of Owens Corning to a “buy” rating in a research note on Friday, February 7th. Eleven equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. The company presently has an average rating of “Buy” and an average price target of $36.51.
Owens Corning (NYSE:OC) traded up 0.23% on Thursday, hitting $43.30. The stock had a trading volume of 1,864,219 shares. Owens Corning has a 52 week low of $34.41 and a 52 week high of $45.62. The stock has a 50-day moving average of $40.00 and a 200-day moving average of $38.61. The company has a market cap of $5.097 billion and a P/E ratio of 78.40.
Owens Corning (NYSE:OC) last posted its quarterly earnings results on Tuesday, February 11th. The company reported $0.44 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.27 by $0.17. The company had revenue of $1.28 billion for the quarter, compared to the consensus estimate of $1.21 billion. During the same quarter last year, the company posted $0.11 earnings per share. Owens Corning’s revenue was up 10.3% compared to the same quarter last year. On average, analysts predict that Owens Corning will post $2.47 earnings per share for the current fiscal year.
The company also recently announced a special dividend, which is scheduled for Thursday, April 3rd. Investors of record on Friday, March 14th will be paid a dividend of $0.16 per share. The ex-dividend date is Wednesday, March 12th.
Owens Corning is engaged in composite and building materials systems, delivering a range of products and services.
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