Jefferies Reaffirms Their Buy Rating on Owens Corning (OC)

Jefferies analyst Philip Ng | maintain one To buy review on Owens Corning (OC) yesterday and have set a target price of $ 135.00. The company’s stock closed at $ 94.92 last Wednesday, close to its 52-week high of $ 97.90.

According to TipRanks.com, Ng is a five-star analyst with an average return of 16.3% and a success rate of 72.9%. Ng relates to the Materials sector and focuses on stocks such as International Paper Co, Berry Global Group and Graphic Packaging.

Currently, the analyst consensus on Owens Corning is a Hold with an average price target of $ 99.33.

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Owens Corning’s market cap is currently $ 9.96 billion and has a P / E ratio of -27.30. The company has a price-to-book ratio of 8.16.

Based on the recent insider activity of 122 insiders by companies, the insider sentiment from companies is negative about the stocks. This means that there has been an increase in insiders selling their shares of OC over the past quarter compared to earlier this year.

TipRanks has tracked 36,000 business insiders and found that some of them are better than others when it comes to timing their trades. See which ones 3 shares are most likely to take steps after their insider activities.

Owens Corning develops, manufactures and markets insulation, roofing and fiberglass composites. It is active in the following segments: composites, insulation and roofing. The Composites segment produces, manufactures and sells fiber glass reinforcements, as well as vertically integrated downstream activities. The Insulation segment offers insulation products that help customers save energy; provide improved acoustic performance; and provide ease of installation and use. The Roofing segment offers laminate and strip asphalt shingles and other products including oxidized asphalt and roofing accessories. The company was founded on October 31, 1938 and is headquartered in Toledo, OH.

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