Evaluating Owens-Corning: Insights from 11 Financial Analysts – Owens-Corning (NYSE:OC)

Evaluating Owens-Corning: Insights from 11 Financial Analysts – Owens-Corning (NYSE:OC)

In the previous three months, 11 analysts have issued ratings for Owens-Corning CKIt offers a wide range of perspectives, from bull to bear markets.

The table below provides a brief overview of analysts’ latest ratings, providing insight into changing sentiment over the past 30 days and comparisons to previous months for a holistic perspective.

Bull A little bit of bull Indifferent A Little Bear Bear
Total Points 5 3 3 0 0
Last 30D one 0 0 0 0
1M Ago one 0 one 0 0
2M Ago one 2 one 0 0
3M First 2 one one 0 0

In evaluating the 12-month price targets, analysts offer insights for Owens-Corning, offering an average target of $194.36, a high estimate of $215.00 and a low estimate of $172.00. Witnessing a positive change, the current average is 9.88% higher than the previous average price target of $176.89.

The Fragmentation of Analyst Ratings: A Detailed Review

When we examine recent analyst actions, we gain insights into how financial experts perceive Owens-Corning. The summary below outlines key analysts, their recent evaluations, and adjustments to their ratings and price targets.

Analyst Analyst Firm Action Taken Evaluation Current Price Target Previous Price Target
Paul Lejuez Citi Group Increases To buy $191.00 $178.00
Garik Shmois Cycle Capital Increases To buy $215.00 $188.00
Susan Maklari Altinman Sachs Announcements Natural $187.00
Matthew Buley Barclays Increases Equal weight $190.00 $160.00
Mike Dahl RBC Capital Protects Superior performance $201.00 $201.00
Philip Ng jeffery Announcements To buy $215.00
Mike Dahl RBC Capital Increases Superior performance $201.00 $192.00
Mike Dahl RBC Capital Increases Superior performance $192.00 $175.00
John Eade Argus Research Increases To buy $182.00 $175.00
John Lovallo UBS Increases To buy $192.00 $169.00
Stephen Kim Evercore ISI Group Increases In the line $172.00 $154.00

Basic knowledge:

  • Action Taken: In response to changing market dynamics and company performance, analysts update their recommendations. Whether they hold, raise, or lower their stance indicates their response to recent developments regarding Owens-Corning. This provides insight into analysts’ perspectives on the current state of the company.
  • Evaluation: Providing comprehensive analysis, analysts provide qualitative ratings ranging from ‘Outperform’ to ‘Underperform.’ These ratings reflect expectations for Owens-Corning’s relative performance compared to the broader market.
  • Price Targets: Analysts measure the dynamics of price targets by providing estimates for the future value of Owens-Corning stock. This comparison reveals trends in analysts’ expectations over time.

Evaluating these analyst ratings along with critical financial indicators can provide a comprehensive overview of Owens-Corning’s market position. Stay informed and make well-considered decisions with the help of our Ratings Table.

Stay up to date on Owens-Corning analyst ratings.

About Owens-Corning

Owens-Corning Inc. is a manufacturer of fiberglass used in composites and building materials. It has an integrated business model with three reportable segments: Composites, Insulation, and Roofing. It generates maximum revenue from the roofing segment. The roofing segment laminates and strips asphalt roof shingles, roofing compounds, synthetic packaging materials, and oxidized asphalt. It meets the growing demand for longer-lasting, aesthetically appealing laminate products with modest capital investment. Geographically, the company generates most of its revenue in the United States.

Financial Insights: Owens-Corning

Market capitalization: The company’s market value, which exceeds industry standards, demonstrates its dominance in terms of size and indicates a strong market position.

Decrease in Income: Owens-Corning faced challenges in the 3-month period, resulting in a decline of nearly 100%. -1.33% In revenue growth as of March 31, 2024. This represents a decrease in the company’s top-line earnings. Compared to its peers, revenue growth lags behind industry peers. The company achieved a lower growth rate than the average of its Industrials industry peers.

Net Profit Margin: The company’s net profit margin is a notable performance, exceeding industry averages. With an impressive net profit margin 13.0%, The company demonstrates strong profitability and effective cost control.

Return on Equity (ROE): The company’s ROE is below industry benchmarks, indicating potential difficulties in using equity capital efficiently. With ROE 5.75%, The company may have to overcome difficulties in generating satisfactory returns for shareholders.

Return on Assets (ROA): Owens-Corning’s ROA exceeds industry standards, highlighting the company’s outstanding financial performance. 2.66% ROA ensures that the company is using its assets effectively for the best return.

Debt management: The company maintains a balanced debt approach with a debt-to-equity ratio below industry norms, and 0.63.

The Essence of Analyst Ratings: What Every Investor Should Know

In the banking and financial systems field, analysts specialize in reporting on specific stocks or defined sectors. Their work involves attending company conference calls and meetings, researching company financial statements and communicating with insiders to issue “analyst ratings” for stocks. Analysts typically evaluate and rate each stock on a quarterly basis.

Analysts can supplement their ratings with estimates for metrics such as growth estimates, earnings and revenue, giving investors a more comprehensive view. However, investors should remember that analysts, just like other people, have subjective perspectives that influence their estimates.

This article was generated by Benzinga’s automated content engine and reviewed by an editor.