Skip to main content

Owens Corning (OC) Receives a Hold from J.P. Morgan

Tipranks - Thu Jan 15, 5:52AM CST

J.P. Morgan analyst Michael Rehaut maintained a Hold rating on Owens Corning yesterday and set a price target of $113.00. The company’s shares closed yesterday at $122.01.

Claim 70% Off TipRanks Premium

According to TipRanks, Rehaut is a 4-star analyst with an average return of 5.9% and a 55.87% success rate. Rehaut covers the Consumer Cyclical sector, focusing on stocks such as Mohawk, Toll Brothers, and Whirlpool.

Currently, the analyst consensus on Owens Corning is a Moderate Buy with an average price target of $136.67, which is a 12.02% upside from current levels. In a report released yesterday, TipRanks – DeepSeek also reiterated a Hold rating on the stock with a $122.00 price target.

Based on Owens Corning’s latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of $2.68 billion and a GAAP net loss of $494 million. In comparison, last year the company earned a revenue of $3.05 billion and had a net profit of $321 million

This article contains syndicated content. We have not reviewed, approved, or endorsed the content, and may receive compensation for placement of the content on this site. For more information please view the Barchart Disclosure Policy here.
This section contains press releases and other materials from third parties (including paid content). The Globe and Mail has not reviewed this content. Please see disclaimer.