Last Updated: 07 Nov 2024
Executive Summary
Owens Corning Inc. (OC) is a leading manufacturer of fiberglass, roofing, and insulation composites with a global presence. The company has a strong financial position with a market capitalization of $15.87 billion and an EBITDA of $2.29 billion. OC's trailing price-to-earnings (PE) ratio of 15.43 indicates a fair valuation compared to its peers. The company's dividend yield of 0.0131% is relatively low, but it has a history of consistent dividend payments.
Company Overview
Owens Corning is headquartered in Toledo, Ohio, and operates in five segments: Roofing, Insulation, Composites, Building Materials, and Glass. The company's products are used in various applications, including residential and commercial construction, industrial manufacturing, and transportation. Owens Corning has a strong brand reputation and a global distribution network.
Fundamental Analysis
Owens Corning's financial performance has been solid in recent years. The company's revenue has grown steadily, reaching $9.87 billion in the trailing twelve months (TTM). Net income has also increased, with a net income margin of 10.7%. The company's profit margins are comparable to its peers, and its return on assets (ROA) and return on equity (ROE) are both above industry averages.
Technical Analysis
The technical analysis of Owens Corning's stock indicates a mixed picture. The stock has been trading within a range of $119.31 and $190.83 over the past 52 weeks. The 50-day moving average is currently at $174.34, while the 200-day moving average is at $167.97. The stock is currently trading above both moving averages, which indicates a potential uptrend.
Short Term Outlook
In the short term, Owens Corning's stock is expected to continue to trade within its recent range. The company's upcoming earnings report will provide key insights into its financial performance and future prospects. Analysts are expecting the company to report solid earnings growth, which could provide a catalyst for the stock price to move higher.
Long Term Outlook
The long-term outlook for Owens Corning is positive. The company is well-positioned to benefit from the growing demand for its products in both residential and commercial construction markets. The company's focus on innovation and sustainability is also expected to drive long-term growth.
Analyst Recommendations
Analysts have a mixed view on Owens Corning's stock. Four analysts have a "Strong Buy" rating, four have a "Buy" rating, and ten have a "Hold" rating. The average analyst target price is $192.86, which represents a potential upside of 4.5% from the current price.
