Economy

Owens Corning Inc (OC) Stock Rating Lowered by Instinet

Owens Corning Inc (OC) Stock Rating Lowered by Instinet”

FBR & Co increased their target price on shares of Owens Corning from $63.00 to $70.00 and gave the stock a "mkt perform" rating in a report on Thursday, July 27th. Of those insider trades, 13,221 shares of Owens Corning were purchased and 92,456 shares were sold.

06/22/2017 - Credit Suisse began new coverage on Owens Corning Inc giving the company a "outperform" rating.

On August 31 the stock rating was upgraded to "Outperform" from "Market Perform" by Wells Fargo. Jefferies maintained it with "Buy" rating and $7700 target in Wednesday, July 19 report.

Owens Corning (OC) closed its previous trading session at $76.8 with the gain of 2.13%. Shares saw a steep increase in trading volume of 102.55% over the normal average daily volume.

The market capitalization of Owens Corning is at $8.57 Billion.

Analysts on average have given a price target of $74.6 to Owens Corning (OC) stock.

Owens Corning (NYSE:OC) last released its quarterly earnings data on Wednesday, July 26th. In the latest earnings report the EPS was $3.48 and is expected to be $4.28 for the current year with 111,193,000 shares presently outstanding. The high and low revenue estimates for the current quarter are $1.66 Billion and $1.58 Billion, respectively. Hodges Management reported 0.09% in Owens Corning (NYSE:OC). The Greenhaven Associates Inc holds 2.76M shares with $142.17M value, down from 3.23 million last quarter. Comparatively, OC posted earnings of $1.13 per share in the same quarter, a year earlier. Analysts forecast that Owens Corning will post $4.28 EPS for the current fiscal year.

ILLEGAL ACTIVITY WARNING: This piece of content was posted by Dispatch Tribunal and is owned by of Dispatch Tribunal. If you are viewing this report on another website, it was illegally stolen and reposted in violation of USA and worldwide trademark and copyright law. The legal version of this piece can be viewed at https://stocknewstimes.com/2017/09/11/owens-corning-inc-oc-stock-rating-lowered-by-instinet.html.

According to the Recommendation Trends of the stock polled by Finviz, the company has a consensus recommendation of 2.1 out of the scale from 1 to 5 where 1 stands for Buy and 5 means Sell. VP Organization & Admin Daniel T. Smith let go of 41,425 shares at an average price of $70.89 on Monday the 28th. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director James J. Mcmonagle sold 2,000 shares of the firm's stock in a transaction on Thursday, June 15th. Arnaud Genis, President, Composites sold $424,500 worth of shares at an average price of $70.75 on Monday the 28th. Following the sale, the director now owns 50,906 shares in the company, valued at approximately $3,288,527.60. The disclosure for this sale can be found here.

Analysts look for public financial statements, listen in on conference calls and talk to managers and customers of a company in order to reach an opinion and communicate the value of a stock. "Ultimately, through all this investigation into the company's performance the analyst decides if their stock is a "buy", sell" or hold".

Several research firms have weighed in on OC. Janney Montgomery Scott LLC raised its position in Owens Corning by 77.7% in the 1st quarter. Janney Montgomery Scott LLC now owns 10,356 shares of the construction company's stock worth $636,000 after purchasing an additional 4,528 shares during the period. 1,088,328 shares of the company were exchanged. The total number of shares traded in the last 12 months is 709,243. Comerica Bank now owns 6,865 shares of the construction company's stock worth $417,000 after acquiring an additional 1,426 shares during the last quarter. World Asset Management Inc grew its holdings in Owens Corning by 1.1% in the 1st quarter. Moreover, Capital Management Associates Ny has 0.98% invested in the company for 15,000 shares. UBS Asset Management Americas Inc. boosted its position in Owens Corning by 15.4% in the third quarter. The value of the investment in (OC) increased from $2,961,000 to $2,783,000,000 increasing 93,888.5% quarter to quarter. It helps investors in determining whether buying, selling or holding on to a stock would be beneficial for them.

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



Like this

Latest


12 September 2017
Flash flood watch, wind advisory for Monday and Tuesday
Rainfall amounts will range from five to eight inches across Southeast South Carolina, with locally higher amounts possible. Showers associated with the outer rain bands of Irma move in from the south on Monday.

12 September 2017
Rohingya Insurgents Declare Temporary Ceasefire
On the other hand, traders community in Joria Bazaar are also raising their voice over the atrocities on Rohingya Muslims. The Arakan Rohingya Salvation Army , a Rohingya insurgent group in Myanmar , declared a temporary ceasefire on Saturday.

12 September 2017
Dalai Lama gives talk in Londonderry
Richard Moore, director of Children in Crossfire, said: "It is a great honour and privilege for him to come to Derry". The Dalai Lama has called for a denuclearised world and warned force would not solve the North Korean crisis.

12 September 2017
Laura Ingraham Gets 10 PM Slot At Fox News
Tucker Carlson, who took Megyn Kelly's time slot when she left for NBC in January, will presumably remain to his 8 p.m. hour. Ingraham has been telling friends that the deal is essentially done, with just a few details to iron out, CNN reports .

12 September 2017
Freedom Caucus leaders vent to Paul Ryan after talks with Steve Bannon
Trump's legislative director, Marc Short, told reporters the three-month deal was meant to "clear the decks" for a tax overhaul. It also would almost double disaster funding to $15.25 billion from what the House passed earlier in the day.

12 September 2017
Cormark Research Analysts Decrease Earnings Estimates for IAMGOLD Corp (IMG)
In terms of Buy, Sell or Hold recommendations, Iamgold Corp (NYSE:IAG) has analysts' mean recommendation of 2.2. TD Securities raised Iamgold Corp. from a "hold" rating to a "buy" rating in a report on Tuesday, November 8th.

12 September 2017
Outage Maps: Irma Leaves Millions Without Power In Florida
During a press conference Thursday, FPL Public Information Officer Rob Gould assured that both Turkey Point and St. The storm is expected to strengthen before in makes landfall somewhere in South Florida early Sunday.

12 September 2017
Father, Son Killed After Small Plane Crashes in Benicia
Federal investigators are en route to the site of a fatal weekend plane crash, the Solano County Sheriff's Office said Sunday. Authorities say a father and son died when the small plane they were in crashed in the San Francisco Bay Area.

12 September 2017
Rajnath assures 'all possible help' in photojournalist Kamran Yousuf's arrest case
The Association maintained that the state and central government should not obstruct free press in the region. He said, "I think this is an attack on media as there were no charges against Kamran".

12 September 2017
Marilyn Manson Speaks on His Relationship With Lil Uzi Vert
Manson is envisioning this project as "something special and new" that "needs to be created just to fuck the world up more". I don't want to sound aged by saying that, it just sounded like what needed to happen.



Recommended