Currently, there are 87.20M common shares owned by the public and among those 85.77M shares have been available to trade.
The company’s stock has a 5-day price change of 2.23% and 12.84% over the past three months. OC shares are trading 20.97% year to date (YTD), with the 12-month market performance up to 46.78% higher. It has a 12-month low price of $109.95 and touched a high of $184.00 over the same period. OC has an average intraday trading volume of 594.93K shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by 0.76%, 3.53%, and 19.23% respectively.
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Institutional ownership of Owens Corning (NYSE: OC) shares accounts for 93.57% of the company’s 87.20M shares outstanding.
It has a market capitalization of $15.54B and a beta (3y monthly) value of 1.41. The stock’s trailing 12-month PE ratio is 14.52, while the earnings-per-share (ttm) stands at $12.35. The company has a PEG of 1.89 and a Quick Ratio of 1.22 with the debt-to-equity ratio at 0.63. Price movements for the stock have been influenced by the stock’s volatility, which stands at 2.28% over the week and 2.34% over the month.
Earnings per share for the fiscal year are expected to increase by 4.74%, and 6.07% over the next financial year. EPS should shrink at an annualized rate of 7.70% over the next five years, compared to 21.79% over the past 5-year period.
Looking at the support for the OC, a number of firms have released research notes about the stock. Goldman stated their Neutral rating for the stock in a research note on June 17, 2024, with the firm’s price target at $187. Jefferies coverage for the Owens Corning (OC) stock in a research note released on May 22, 2024 offered a Buy rating with a price target of $215. RBC Capital Mkts was of a view on May 21, 2024 that the stock is Outperform, while Evercore ISI gave the stock In-line rating on February 15, 2024, issuing a price target of $163- $154. Barclays on their part issued Equal Weight rating on February 12, 2024.
