Owens Corning Given “Neutral” Rating at Citigroup Inc. (OC)
Owens Corning (NYSE:OC)‘s stock had its “neutral” rating reaffirmed by equities researchers at Citigroup Inc. in a research report issued on Tuesday. They currently have a $40.00 price target on the stock, down from their previous price target of $43.00. Citigroup Inc.’s price target indicates a potential upside of 8.14% from the company’s current price.
A number of other analysts have also recently weighed in on OC. Analysts at Barclays raised their price target on shares of Owens Corning from $42.00 to $45.00 in a research note on Wednesday, July 2nd. They now have an “equal weight” rating on the stock. Separately, analysts at Zacks downgraded shares of Owens Corning from a “neutral” rating to an “underperform” rating in a research note on Monday, June 30th. They now have a $37.00 price target on the stock. Finally, analysts at Wedbush cut their price target on shares of Owens Corning from $48.00 to $45.00 in a research note on Monday, June 23rd. They now have an “outperform” rating on the stock. One investment analyst has rated the stock with a sell rating, twelve have issued a hold rating and six have assigned a buy rating to the company. Owens Corning currently has a consensus rating of “Hold” and an average target price of $40.70.
Owens Corning (NYSE:OC) traded up 1.08% on Tuesday, hitting $37.39. 540,606 shares of the company’s stock traded hands. Owens Corning has a 1-year low of $34.41 and a 1-year high of $46.64. The stock’s 50-day moving average is $39.56 and its 200-day moving average is $41.19. The company has a market cap of $4.403 billion and a price-to-earnings ratio of 14.56.
The company also recently declared a quarterly dividend, which is scheduled for Tuesday, July 29th. Stockholders 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 1.73%. The ex-dividend date of this dividend is Thursday, July 10th.
Owens Corning is engaged in composite and building materials systems, delivering a range of products and services.
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