Owens Corning (OC) Upgraded to Top Pick at RBC Capital

Owens Corning Inc (OC) has been upgraded today by the securities research analysts at investment firm RBC Capital Markets which raised Owens Corning from a “outperform” rating to “top pick.”  RBC Capital also positively adjusted their performance outlook for OC and adjusted its price target from $42 to $45 dollars.  RBC Capital noted that at current share levels that Owens Corning has at minimum 25% upside to investors over the next year to year and a half as they foresee improvement in all company business segments.

OC has performed reasonably well throughout 2011 trading to date, however positive sentiment underlying shares is beginning to lose momentum.  Still, shares of OC continue to set higher highs and higher lows, just at a slower pace as 2011 trading is just beyond the half-way mark.  At this time, shares are consolidating between the recent high of $38.94 and the recent intermediate low of an even $35 dollars.

Owens Corning is slated to release their next earnings report on August 3rd, 2011, and the current consensus EPS estimate is expected to be 57 cents.  Their last earnings report was released on April 27th, 2011, and announced EPS of 20 cents with revenue totaling $1.238 billion which was down 2.1% year to year.  OC is currently trading between its 50 & 200-day moving averages and 2011 is an up year for the company.

Owens Corning is a world leader in composite and building materials systems, delivering a broad range of high-quality products and services.  The company has market capitalization of $4,536,661,750 and 124,805,000 shares outstanding.  OC has a 52-week high of $38.94 with the low being $23.05 dollars.

Latest News

Atlanta Gold  Hits New 12-Month Low at $0.04
Atlanta Gold Hits New 12-Month Low at $0.04
Cobalt Power Group  Sets New 52-Week Low at $0.01
Cobalt Power Group Sets New 52-Week Low at $0.01
Analysts’ Recent Ratings Changes for Lowe’s Companies
Analysts’ Recent Ratings Changes for Lowe’s Companies
InflationCoin Hits Market Cap of $59,050.00
InflationCoin Hits Market Cap of $59,050.00
Embers One Day Volume Tops $0.00
Embers One Day Volume Tops $0.00
PulteGroup, Inc.  Receives Consensus Recommendation of “Hold” from Analysts
PulteGroup, Inc. Receives Consensus Recommendation of “Hold” from Analysts


© 2006-2018 Ticker Report