Share on StockTwits

Stock analysts at JPMorgan Chase & Co. dropped their target price on shares of Owens Corning (NYSE:OC) from $50.00 to $45.00 in a report issued on Friday. JPMorgan Chase & Co.’s target price would indicate a potential upside of 15.95% from the stock’s previous close.

Shares of Owens Corning (NYSE:OC) traded down 6.03% during mid-day trading on Friday, hitting $38.81. 6,821,293 shares of the company’s stock traded hands. Owens Corning has a one year low of $34.41 and a one year high of $46.64. The stock’s 50-day moving average is $41.02 and its 200-day moving average is $41.35. The company has a market cap of $4.570 billion and a P/E ratio of 16.25.

Owens Corning (NYSE:OC) last issued its quarterly earnings data on Wednesday, April 23rd. The company reported $0.29 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.35 by $0.06. The company had revenue of $1.28 billion for the quarter, compared to the consensus estimate of $1.34 billion. During the same quarter in the previous year, the company posted $0.29 earnings per share. The company’s revenue for the quarter was down 5.3% on a year-over-year basis. On average, analysts predict that Owens Corning will post $2.24 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which is scheduled for Tuesday, July 29th. Shareholders of record on Monday, July 14th will be given a dividend of $0.16 per share. This represents a $0.64 dividend on an annualized basis and a yield of 1.65%. The ex-dividend date of this dividend is Thursday, July 10th.

Several other analysts have also recently commented on the stock. Analysts at FBR Capital Markets cut their price target on shares of Owens Corning from $50.00 to $46.00 in a research note on Friday. They now have an “outperform” rating on the stock. Separately, analysts at Goldman Sachs initiated coverage on shares of Owens Corning in a research note on Tuesday. They set a “neutral” rating on the stock. Finally, analysts at Barclays reiterated an “equal weight” rating on shares of Owens Corning in a research note on Thursday, April 24th. They now have a $46.00 price target on the stock. Ten investment analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average price target of $40.95.

Owens Corning is engaged in composite and building materials systems, delivering a range of products and services.

Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.