Owens Corning (OC) Getting Somewhat Positive Media Coverage, Report Shows
Media coverage about Owens Corning (NYSE:OC) has trended somewhat positive on Sunday, Accern Sentiment reports. Accern identifies positive and negative news coverage by reviewing more than twenty million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Owens Corning earned a media sentiment score of 0.14 on Accern’s scale. Accern also assigned news coverage about the construction company an impact score of 45.9862237161347 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the immediate future.
These are some of the news articles that may have impacted Accern’s analysis:
- Global Insulated Conduit Market Status & Trend 2018 – Owens Corning, Johns Manville, ITW, Armacell (strangenewschronicle.com)
- 43rd Mercy Health Glass City Marathon Registration Opens on Labor Day (13abc.com)
- Global Fiberglass Market 2018 – Owens Corning, Jushi Group Co. Ltd., Taishan Fiberglass Inc., Johns Manville (alabamapostgazette.com)
- Global Rigid Insulation Market 2018 | Extended Key Vendors like DOW, Owens Corning, Insulfoam (CCL), ACH Foam … (businessstrategies24.com)
- Global Thermoset Composites Market 2018 Major Scenario – Owens Corning, Toray Industries Inc., Jushi Group Co … (roswellgazette.com)
NYSE OC opened at $58.43 on Friday. The company has a market cap of $6.34 billion, a price-to-earnings ratio of 13.28, a PEG ratio of 0.66 and a beta of 0.97. The company has a debt-to-equity ratio of 0.87, a current ratio of 1.59 and a quick ratio of 0.88. Owens Corning has a 1-year low of $55.39 and a 1-year high of $96.52.
Several analysts recently issued reports on OC shares. Wells Fargo & Co cut Owens Corning from an “outperform” rating to a “market perform” rating and cut their target price for the stock from $96.52 to $59.96 in a research report on Monday, May 14th. ValuEngine cut Owens Corning from a “hold” rating to a “sell” rating in a research report on Monday, May 14th. Argus cut Owens Corning from a “buy” rating to a “hold” rating and increased their target price for the stock from $96.52 to $109.00 in a research report on Friday, June 1st. Zelman & Associates upgraded Owens Corning from a “hold” rating to a “buy” rating in a research report on Tuesday, June 19th. Finally, Citigroup increased their target price on Owens Corning from $72.00 to $73.00 and gave the stock a “neutral” rating in a research report on Wednesday, June 20th. Two research analysts have rated the stock with a sell rating, ten have issued a hold rating and nine have assigned a buy rating to the company’s stock. Owens Corning presently has a consensus rating of “Hold” and a consensus price target of $80.05.
In other Owens Corning news, Director W Howard Morris sold 1,514 shares of the firm’s stock in a transaction that occurred on Thursday, August 23rd. The stock was sold at an average price of $58.47, for a total transaction of $88,523.58. Following the completion of the transaction, the director now owns 36,332 shares in the company, valued at approximately $2,124,332.04. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 1.60% of the company’s stock.
About Owens Corning
Owens Corning, together with its subsidiaries, produces and sells glass fiber reinforcements and other materials for composites; and residential and commercial building materials worldwide. It operates in three segments: Composites, Insulation, and Roofing. The Composites segment manufactures, fabricates, and sells glass reinforcements in the form of fiber; and manufactures and sells glass fiber products in the form of fabrics, non-wovens, and other specialized products.
Recommended Story: How to Invest in Growth Stocks
Receive News & Ratings for Owens Corning Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Owens Corning and related companies with MarketBeat.com's FREE daily email newsletter.