Look Past The Setbacks And Give Owens Corning (NYSE: OC) Another Chance

Owens Corning (NYSE:OC) currently has a daily average trading volume of 1.04M but it saw 887137 shares traded in last market. With a market cap of 11.36B USD, the company’s current market price of $133.53 came falling about -3.06 while comparing to the previous closing price of $137.75. In past 52 weeks, the stock remained buoying in the range of price level as high as $214.53 and as low as $123.40. In the recent trading on the day, stock has struck highest price mark of $133.53 while lowest mark touched by it was $137.78.

Wells Fargo also issued its recommendations for the stock as it upgraded the price target for the stock in the range of between $195 and $225.

Over the week, OC’s stock price is moving -5.41% down while it is -7.25% when we observe its performance for the past one month. Year-to-date it is -21.60% down and over the past year, the stock is showing a downside performance of -24.42%.

Currently, Owens Corning’s total number of outstanding shares is 85.00M with 0.95% of that held by the insiders while 95.93% of its common stock has been owned by the institutions. Company’s return on investment (ROI) stands at 2.48% and return on equity (ROE) at 11.93%. It has a price to earnings ratio (P/E ratio) of 47.94 while having a 9.05 of forward P/E ratio. Stock’s beta reads 1.35. Stock has a price to book (P/B) ratio of 2.32 while price to sale or P/S ratio amounts to 1.01. Its return on asset (ROA) is 4.72% on average.

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