In a report issued on December 6, Mike Wood from Nomura maintained a Hold rating on Owens Corning (OC), with a price target of $65.00. The company’s shares closed last Monday at $65.08, close to its 52-week high of $68.72.
According to TipRanks.com, Wood is a 4-star analyst with an average return of 8.6% and a 65.9% success rate. Wood covers the Industrial Goods sector, focusing on stocks such as Installed Building Products, Mueller Water Products, and Masonite International.
Currently, the analyst consensus on Owens Corning is a Moderate Buy with an average price target of $72.44, an 11.0% upside from current levels. In a report issued on December 4, Merrill Lynch also downgraded the stock to Hold with a $72.00 price target.
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Owens Corning’s market cap is currently $7.08B and has a P/E ratio of 14.23. The company has a Price to Book ratio of 1.58.
Based on the recent corporate insider activity of 57 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of OC in relation to earlier this year.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
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