Media coverage about Owens Corning (NYSE:OC) has trended somewhat positive on Wednesday, Accern reports. Accern rates the sentiment of media coverage by monitoring more than 20 million news and blog sources. Accern ranks coverage of companies on a scale of -1 to 1, with scores closest to one being the most favorable. Owens Corning earned a coverage optimism score of 0.18 on Accern’s scale. Accern also assigned headlines about the construction company an impact score of 45.6157006905724 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the immediate future.
Here are some of the news headlines that may have impacted Accern Sentiment Analysis’s analysis:
- Owens Corning (OC) Downgraded to Hold at Zacks Investment Research (americanbankingnews.com)
- Owens Corning Forecasted to Earn FY2018 Earnings of $5.07 Per Share (OC) (americanbankingnews.com)
- Can Owens Corning (OC) Stock Continue to Grow Earnings? (finance.yahoo.com)
- Owens Corning (OC) Receives “Buy” Rating from KeyCorp (americanbankingnews.com)
- Owens Corning (OC) PT Raised to $107 at Seaport Global Securities (streetinsider.com)
Shares of Owens Corning (NYSE OC) traded up $1.38 during trading hours on Wednesday, reaching $94.95. The company’s stock had a trading volume of 883,606 shares, compared to its average volume of 951,243. The company has a current ratio of 1.66, a quick ratio of 0.99 and a debt-to-equity ratio of 0.62. The stock has a market cap of $10,560.00, a PE ratio of 28.34, a P/E/G ratio of 1.18 and a beta of 1.09. Owens Corning has a 12 month low of $52.48 and a 12 month high of $96.25.
The business also recently announced a quarterly dividend, which will be paid on Wednesday, January 17th. Shareholders of record on Tuesday, January 2nd will be issued a $0.21 dividend. This is a boost from Owens Corning’s previous quarterly dividend of $0.20. This represents a $0.84 annualized dividend and a yield of 0.88%. The ex-dividend date is Friday, December 29th. Owens Corning’s dividend payout ratio is presently 25.07%.
Several research analysts recently commented on the company. KeyCorp reissued a “buy” rating and issued a $115.00 price objective on shares of Owens Corning in a research note on Friday, January 12th. Zacks Investment Research raised Owens Corning from a “hold” rating to a “buy” rating and set a $105.00 price objective for the company in a research note on Saturday, January 6th. Zelman & Associates downgraded Owens Corning from a “buy” rating to a “hold” rating in a research note on Friday, January 5th. Seaport Global Securities increased their price objective on Owens Corning from $90.00 to $107.00 and gave the company a “buy” rating in a research note on Thursday, January 11th. Finally, Argus assumed coverage on Owens Corning in a research note on Wednesday, December 6th. They issued a “buy” rating and a $109.00 price objective for the company. Ten analysts have rated the stock with a hold rating, twelve have given a buy rating and one has given a strong buy rating to the company. The stock currently has an average rating of “Buy” and a consensus price target of $84.77.
In other news, VP Ava Harter sold 487 shares of the stock in a transaction on Friday, November 10th. The stock was sold at an average price of $81.96, for a total transaction of $39,914.52. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director W Howard Morris sold 2,026 shares of the stock in a transaction on Monday, November 13th. The stock was sold at an average price of $81.95, for a total value of $166,030.70. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 129,933 shares of company stock valued at $11,196,722. 1.80% of the stock is owned by company insiders.
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Owens Corning Company Profile
Owens Corning is engaged in the business of composite and building materials systems, delivering a range of products and services. The Company’s products range from glass fiber used to reinforce composite materials for transportation, electronics, marine, infrastructure, wind-energy and other markets to insulation and roofing for residential, commercial and industrial applications.
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