TipRanksStock Market NewsOC NewsOwens Corning (OC) Receives a Hold from J.P. Morgan

Owens Corning (OC) Receives a Hold from J.P. Morgan

In a report released yesterday, Michael Rehaut from J.P. Morgan maintained a Hold rating on Owens Corning (OCResearch Report), with a price target of $88.00. The company’s shares closed last Thursday at $90.01.

According to TipRanks.com, Rehaut is a 3-star analyst with an average return of 0.8% and a 49.7% success rate. Rehaut covers the Consumer Goods sector, focusing on stocks such as Stanley Black & Decker, Green Brick Partners, and Century Communities.

The word on The Street in general, suggests a Hold analyst consensus rating for Owens Corning with a $99.58 average price target, a 16.2% upside from current levels. In a report issued on July 14, Barclays also maintained a Hold rating on the stock with a $91.00 price target.

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Owens Corning’s market cap is currently $8.74B and has a P/E ratio of 8.00.

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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. The Composites segment manufactures, fabricates, and sells glass reinforcements in the form of fiber, and also includes vertically integrated downstream activities. The Insulation segment provides insulating products which help customers conserve energy; provide improved acoustical performance; and offer convenience of installation and use. The Roofing segment offers laminate and strip asphalt roofing shingles and other products including oxidized asphalt and roofing accessories. The company was founded on October 31, 1938 and is headquartered in Toledo, OH.

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