For its first fiscal quarter (ending March 31), Owens Corning (NYSE: OC) has reported E.P.S. of $3.42 compared to $4.19 a year ago. E.P.S. were $12.45 for the latest four quarters through March 31 versus $13.91 for the same period a year ago.
Recent Price Action
On 4/24/24, Owens Corning (NYSE: OC) stock declined modestly by -1.4%, closing at $165.22. Moreover, this decline was accompanied by unusually high trading volume at 169% of normal. Relative to the market the stock has been strong over the last nine months and has risen 1.0% during the last week.
Current PriceTarget Research Rating
OC is expected to continue to be a major Value Builder reflecting capital returns that are forecasted to exceed the cost of capital.
Owens Corning has a current Value Trend Rating of B (Positive). The Value Trend Rating reflects inconsistent signals from PTR’s two proprietary measures of a stock’s attractiveness. Owens Corning has a neutral Appreciation Score of 55 but a good Power Rating of 79, and the Positive Value Trend Rating results.
Rating Review
In light of this new information we are reviewing our current Overall Rating of B. This review will be completed in the next several days.
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