Thomson Reuters, a distinguished brokerage company, has placed a 52-week price target of $55.75 on Owens Corning Inc (NYSE:OC) shares after it surveyed top market analysts. Calculating estimated earnings after taking into consideration different elements, it is predicted to come at $3.45 for the next fiscal and $N/A for underway quarter.
Analysts take into account the price to earnings ratio to estimate the firm’s valuation. This ratio, which is also called as the P/E ratio evaluates the company on relative expense factor. The formula to calculate ratio is stock’s latest price/ per share earnings. The P/E ratio of Owens Corning Inc (NYSE:OC) stands at 15.29.
Analysts also work out Price/Earnings Growth ratio in an attempt to estimate the valuation of a firm. This ratio commonly known as the PEG ratio implies the stock’s valuation compared to earnings growth potential. Investors look to invest in the stocks with a lower PEG ratio. For Owens Corning Inc Common Stock , the PEG ratio for coming 3-5 years is 0.97.
The technical analysis highlights that Owens Corning Inc Common Stock current is trading $0.18 points away or +0.34% from its 50-day moving average of $53.97. Further it is trading $4.78 or +9.68% away its 200-day moving average of $49.37.
The 52-week high of Owens Corning Inc (NYSE:OC) was $58.69 while lowest point recorded in 52-week was $38.95. It implies if stock price makes a movement of over $-4.54, it will record a new 52-week high. In the case of +39.02% drop, it will touch a new 52-week low.
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