Owens Corning Inc with ticker code (OC) have now 14 analysts in total covering the stock. The consensus rating is pointing to ‘Hold’. The target price High/Low ranges between 140 and 76 with the average target price sitting at $111.86. Now with the previous closing price of $91.98 this now indicates there is a potential upside of 21.6%. It’s also worth noting that there is a 50 day moving average of $95.65 and the 200 day moving average is $87.97. The total market capitalization for the company now stands at $8,468m. Company Website: https://www.owenscorning.com
The potential market cap would be $10,298m based on the market consensus.
Owens Corning engages in manufacture and sale of insulation, roofing, and fiberglass composite materials in the United States, Canada, Europe, the Asia Pacific, Latin America, and internationally. It operates in three segments: Composites, Insulation, and Roofing. The Composites segment manufactures, fabricates, and sells glass reinforcements in the form of fiber; and glass fiber products in the form of fabrics, non-wovens, and other specialized products. Its products are used in building structures, roofing shingles, tubs and showers, pools, decking, flooring, pipes and tanks, poles, electrical equipment, and wind-energy turbine blades. This segment sells its products directly to parts molders, fabricators, and shingle manufacturers. The Insulation segment manufactures and sells thermal and acoustical batts, loosefill insulation, spray foam insulation, foam sheathing and accessories under the Owens Corning PINK, and FIBERGLAS brands; and glass fiber pipe insulation, energy efficient flexible duct media, bonded and granulated mineral wool insulation, cellular glass insulation, and foam insulation under the FOAMULAR, FOAMGLAS, and Paroc brand names used in construction applications. This segment sells its products primarily to the insulation installers, home centers, lumberyards, retailers, and distributors. The Roofing segment manufactures and sells laminate and strip asphalt roofing shingles, oxidized asphalt materials, and roofing components used in residential and commercial construction, and specialty applications, as well as synthetic packaging materials. This segment sells its products through distributors, home centers, lumberyards, retailers, and contractors, as well as to roofing contractors for built-up roofing asphalt systems; and manufacturers in automotive, chemical, rubber, and construction industries. The company was incorporated in 1938 and is headquartered in Toledo, Ohio.
The company has a dividend yield of 2.23% with the ex dividend date set at 2-3-2023 (DMY).
Other points of data to note are a P/E ratio of 7.34, revenue per share of 101.05 and a 10.63% return on assets.
