Stock To Watch: Owens Corning Inc (NYSE:OC)


The leading market experts have placed a mean price target of $52.65 on Owens Corning Inc (NYSE:OC) stock. This price level, which is estimated to be attained in one-year indicates the mean of stock opinions given by the companies included in the First Call survey. The renowned research firms have predicted earnings of $1.01 a share for the upcoming quarter and $3.05 for the current fiscal. Technical View The technical analysis of Owens Corning Inc Common Stock plainly substantiates that the 50-day moving average of Owens Corning Inc Common Stock is $50.00, and stock is hovering 1.18 or +2.36% distant from $50.00. It is noted that the 200-day MA is $47.04, and Owens Corning Inc Common Stock stock is $4.14 or +8.81% off from this point. Owens Corning Inc (NYSE:OC) 52-week high is $52.52 and the 52-week low is $38.95. This explains if the stock moves $-1.34, it will post a 52-week high. In event of $+31.40% points decline, a 52-week low will be hit. Taking the Valuation Aspect To emphasize the valuation of Owens Corning Inc Common Stock , shareholders can apply financial tool known as price-to-earnings ratio. This financial ratio assesses stock’s valuation by considering the relative expense of the stock. Following this ratio, Owens Corning Inc (NYSE:OC) ratio came in at 16.32. The stock last ended the trading session at $51.18 and registered a market cap of $5.91B. To appraise firm’s growth, the shareholders take help of the Price-to-Earnings-Growth ratio. When a stock has a higher PEG ratio, it is suggestive of lower stock appreciation in approaching sessions. A stock comes in the group of undervalued stocks when its PEG ratio falls in between 0 and 1. Owens Corning Inc (NYSE:OC) PEG ratio is at 1.00.

1 Chart Pattern Every Investor Should Know

This little-known pattern preceded moves of 578% in ARWR, 562% in LCI, 513% in ICPT, 439% in EGRX, 408% in ADDUS and more...

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