In a report released yesterday, John Baugh from Stifel Nicolaus reiterated a Buy rating on Owens Corning (NYSE: OC), with a price target of $75. The company’s shares opened today at $58.24, close to its 52-week low of $56.25.
According to TipRanks.com, Baugh is a 5-star analyst with an average return of 14.1% and a 58.7% success rate. Baugh covers the Consumer Goods sector, focusing on stocks such as Bassett Furniture Industries, Sleep Number Corporation, and Leggett & Platt Inc.
Owens Corning has an analyst consensus of Moderate Buy, with a price target consensus of $80.50, which is a 38.2% upside from current levels. In a report released yesterday, Seaport Global also reiterated a Buy rating on the stock with a $72 price target.
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Based on Owens Corning’s latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of $1.69 billion and net profit of $92 million. In comparison, last year the company earned revenue of $1.6 billion and had a net profit of $96 million.
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Owens Corning engages in the development, manufacture, and marketing of insulation, roofing, and fiberglass composites. It operates through the following segments: Composites, Insulation, and Roofing.
