Owens Corning (NYSE:OC) Given New $145.00 Price Target at Royal Bank Of Canada

Owens Corning (NYSE:OC) had its target price lowered by research analysts at Royal Bank Of Canada from $174.00 to $145.00 in a research note issued on Thursday,Benzinga reports. The firm currently has an “outperform” rating on the construction company’s stock. Royal Bank Of Canada’s target price would suggest a potential upside of 35.76% from the company’s previous close.

A number of other research analysts have also recently issued reports on OC. Bank of America decreased their price objective on shares of Owens Corning from $180.00 to $168.00 and set a “buy” rating on the stock in a research note on Wednesday, October 1st. Barclays decreased their price objective on shares of Owens Corning from $173.00 to $131.00 and set an “overweight” rating on the stock in a research note on Thursday. Evercore ISI cut their price target on shares of Owens Corning from $169.00 to $153.00 and set an “in-line” rating on the stock in a report on Tuesday, October 7th. Wells Fargo & Company cut their price target on shares of Owens Corning from $175.00 to $150.00 and set an “overweight” rating on the stock in a report on Thursday. Finally, Jefferies Financial Group cut their price target on shares of Owens Corning from $185.00 to $180.00 and set a “buy” rating on the stock in a report on Tuesday, October 7th. Ten investment analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $170.46.

Owens Corning Stock Performance

NYSE:OC traded down $4.22 during mid-day trading on Thursday, hitting $106.81. The stock had a trading volume of 590,722 shares, compared to its average volume of 987,309. Owens Corning has a twelve month low of $107.00 and a twelve month high of $214.53. The stock has a market cap of $8.93 billion, a price-to-earnings ratio of 27.75, a PEG ratio of 9.10 and a beta of 1.32. The company’s 50 day simple moving average is $138.17 and its 200 day simple moving average is $140.37. The company has a debt-to-equity ratio of 0.98, a quick ratio of 0.95 and a current ratio of 1.52.

Owens Corning (NYSE:OC) last announced its earnings results on Wednesday, November 5th. The construction company reported $3.67 EPS for the quarter, topping the consensus estimate of $3.64 by $0.03. Owens Corning had a net margin of 2.98% and a return on equity of 24.49%. The company had revenue of $2.68 billion for the quarter, compared to analysts’ expectations of $2.71 billion. During the same period last year, the firm earned $4.38 earnings per share. The business’s revenue for the quarter was down 2.9% on a year-over-year basis. Owens Corning has set its Q4 2025 guidance at EPS. On average, equities research analysts forecast that Owens Corning will post 15.49 earnings per share for the current year.

Institutional Trading of Owens Corning

Institutional investors have recently bought and sold shares of the stock. Twin Peaks Wealth Advisors LLC purchased a new stake in Owens Corning in the 2nd quarter worth $26,000. Bangor Savings Bank purchased a new stake in Owens Corning during the 2nd quarter worth about $28,000. Rexford Capital Inc. acquired a new position in shares of Owens Corning in the 2nd quarter valued at about $28,000. Migdal Insurance & Financial Holdings Ltd. acquired a new position in shares of Owens Corning in the 2nd quarter valued at about $30,000. Finally, Vermillion & White Wealth Management Group LLC lifted its stake in shares of Owens Corning by 149.4% in the 2nd quarter. Vermillion & White Wealth Management Group LLC now owns 222 shares of the construction company’s stock valued at $31,000 after purchasing an additional 133 shares in the last quarter. 88.40% of the stock is currently owned by institutional investors and hedge funds.

Owens Corning Company Profile

Owens Corning manufactures and sells building and construction materials in the United States, Europe, the Asia Pacific, and internationally. It operates in three segments: Roofing, Insulation, and Composites. 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.