Evaluating Owens-Corning: Insights From 11 Financial Analysts
In the preceding three months, 11 analysts have released ratings for Owens-Corning (NYSE:OC), presenting a wide array of perspectives from bullish to bearish.
The table below provides a concise overview of recent ratings by analysts, offering insights into the changing sentiments over the past 30 days and drawing comparisons with the preceding months for a holistic perspective.
| Bullish | Somewhat Bullish | Indifferent | Somewhat Bearish | Bearish | |
|---|---|---|---|---|---|
| Total Ratings | 5 | 3 | 3 | 0 | 0 |
| Last 30D | 1 | 0 | 0 | 0 | 0 |
| 1M Ago | 1 | 0 | 1 | 0 | 0 |
| 2M Ago | 1 | 2 | 1 | 0 | 0 |
| 3M Ago | 2 | 1 | 1 | 0 | 0 |
In the assessment of 12-month price targets, analysts unveil insights for Owens-Corning, presenting an average target of $194.36, a high estimate of $215.00, and a low estimate of $172.00. Witnessing a positive shift, the current average has risen by 9.88% from the previous average price target of $176.89.
Breaking Down Analyst Ratings: A Detailed Examination
In examining recent analyst actions, we gain insights into how financial experts perceive Owens-Corning. The following summary outlines key analysts, their recent evaluations, and adjustments to ratings and price targets.
| Analyst | Analyst Firm | Action Taken | Rating | Current Price Target | Prior Price Target |
|---|---|---|---|---|---|
| Paul Lejuez | Citigroup | Raises | Buy | $191.00 | $178.00 |
| Garik Shmois | Loop Capital | Raises | Buy | $215.00 | $188.00 |
| Susan Maklari | Goldman Sachs | Announces | Neutral | $187.00 | - |
| Matthew Bouley | Barclays | Raises | Equal-Weight | $190.00 | $160.00 |
| Mike Dahl | RBC Capital | Maintains | Outperform | $201.00 | $201.00 |
| Philip Ng | Jefferies | Announces | Buy | $215.00 | - |
| Mike Dahl | RBC Capital | Raises | Outperform | $201.00 | $192.00 |
| Mike Dahl | RBC Capital | Raises | Outperform | $192.00 | $175.00 |
| John Eade | Argus Research | Raises | Buy | $182.00 | $175.00 |
| John Lovallo | UBS | Raises | Buy | $192.00 | $169.00 |
| Stephen Kim | Evercore ISI Group | Raises | In-Line | $172.00 | $154.00 |
Key Insights:
- Action Taken: Responding to changing market dynamics and company performance, analysts update their recommendations. Whether they 'Maintain', 'Raise', or 'Lower' their stance, it signifies their response to recent developments related to Owens-Corning. This offers insight into analysts' perspectives on the current state of the company.
- Rating: Providing a comprehensive analysis, analysts offer qualitative assessments, ranging from 'Outperform' to 'Underperform'. These ratings reflect expectations for the relative performance of Owens-Corning compared to the broader market.
- Price Targets: Analysts gauge the dynamics of price targets, providing estimates for the future value of Owens-Corning's stock. This comparison reveals trends in analysts' expectations over time.
Assessing these analyst evaluations alongside crucial financial indicators can provide a comprehensive overview of Owens-Corning's market position. Stay informed and make well-judged decisions with the assistance of our Ratings Table.
Stay up to date on Owens-Corning analyst ratings.
About Owens-Corning
Owens-Corning Inc is a manufacturer of glass fiber utilized in composites and building materials. It has an integrated business model with three reportable segments: Composites, Insulation, and Roofing. It generates maximum revenue from the Roofing segment. Its Roofing segment laminate and strip asphalt roofing shingles, roofing components, synthetic packaging materials, and oxidized asphalt. It meets the growing demand for longer-lasting, aesthetically attractive laminate products with modest capital investment. Geographically the company generates the majority of its revenue from the United States.
Financial Insights: Owens-Corning
Market Capitalization: Surpassing industry standards, the company's market capitalization asserts its dominance in terms of size, suggesting a robust market position.
Decline in Revenue: Over the 3 months period, Owens-Corning faced challenges, resulting in a decline of approximately -1.33% in revenue growth as of 31 March, 2024. This signifies a reduction in the company's top-line earnings. As compared to its peers, the revenue growth lags behind its industry peers. The company achieved a growth rate lower than the average among peers in Industrials sector.
Net Margin: The company's net margin is a standout performer, exceeding industry averages. With an impressive net margin of 13.0%, the company showcases strong profitability and effective cost control.
Return on Equity (ROE): The company's ROE is below industry benchmarks, signaling potential difficulties in efficiently using equity capital. With an ROE of 5.75%, the company may need to address challenges in generating satisfactory returns for shareholders.
Return on Assets (ROA): Owens-Corning's ROA surpasses industry standards, highlighting the company's exceptional financial performance. With an impressive 2.66% ROA, the company effectively utilizes its assets for optimal returns.
Debt Management: The company maintains a balanced debt approach with a debt-to-equity ratio below industry norms, standing at 0.63.
The Core of Analyst Ratings: What Every Investor Should Know
Within the domain of banking and financial systems, analysts specialize in reporting for specific stocks or defined sectors. Their work involves attending company conference calls and meetings, researching company financial statements, and communicating with insiders to publish "analyst ratings" for stocks. Analysts typically assess and rate each stock once per quarter.
Analysts may supplement their ratings with predictions for metrics like growth estimates, earnings, and revenue, offering investors a more comprehensive outlook. However, investors should be mindful that analysts, like any human, can have subjective perspectives influencing their forecasts.
This article was generated by Benzinga's automated content engine and reviewed by an editor.