Is Owens Corning (NYSE:OC) a Sensible Stock at Current Levels?

Galtero Lara
Diciembre 7, 2017

If the $99.46 PT is reached, the company will be worth $913.59M more. The stock has a market capitalization of $9,751.39, a price-to-earnings ratio of 21.81, a price-to-earnings-growth ratio of 1.32 and a beta of 1.09.

However looking at valuation ratios the stock has 5 year expected PEG ratio of 4.13 whereas its trailing twelve month P/E ratio is 15.15. The Company's RF Shielding and Test segment creates and makes RF test facilities, acoustic test enclosures, RF and magnetically shielded rooms, secure communication facilities, RF measurement systems, and broadcast and recording studios; and components, such as RF absorptive materials, RF filters, active compensation systems, antennas, antenna masts, turntables, electric and magnetic probes, RF test cells, proprietary measurement software, and other test accessories to perform various tests.

The stock decreased 1.19% or $1.07 during the last trading session, reaching $89.14. The Volatility 3m is a similar percentage determined by the daily log normal returns and standard deviation of the share price over 3 months. Apple Inc. (NASDAQ:AAPL) has risen 62.48% since December 6, 2016 and is uptrending. The Pzena Investment Management Llc holds 1.57M shares with $50.46 million value, down from 1.58M last quarter. Marshwinds Advisory Co owns 45,395 shares or 1.28% of their U.S. portfolio.

Receive News & Ratings for Owens-Illinois Inc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Owens-Illinois Inc and related companies with our FREE daily email newsletter. The ERP5 Rank may assist investors with spotting companies that are undervalued. Following the transaction, the chief financial officer now owns 52,228 shares of the company's stock, valued at approximately $4,741,257.84. Two research analysts have rated the stock with a sell rating, nine have issued a hold rating, two have given a buy rating and one has issued a strong buy rating to the company's stock. Therefore 61% are positive. The ROIC 5 year average of Owens & Minor, Inc. 25,232 were reported by Barclays Pcl. Jefferies maintained the stock with "Hold" rating in Monday, September 11 report. (NYSE:OMI) on Friday, July 7 with "Hold" rating. Citigroup Inc lowered their price objective on shares of Owens-Illinois from $28.00 to $24.00 and set an "underweight" rating for the company in a research report on Friday, April 14th. That's a potential 15.41 increase relative to where Owens & Minor, Inc. As per Monday, April 24, the company rating was maintained by Jefferies.

The balance sheet health of any company plays a key role in its ability to meet its obligations and maintain the faith of its investment base. SunTrust Banks raised their price target on shares of Owens Corning from $66.00 to $75.00 and gave the stock a "hold" rating in a research note on Thursday, October 26th. Credit Suisse maintained the shares of OMI in report on Monday, November 20 with "Underperform" rating. The firm has "Hold" rating by BMO Capital Markets given on Wednesday, July 19.

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Owens-Corning (NYSE:OC)'s stock was upgraded to a solid "Top Pick" by expert analysts at RBC Capital. As per Monday, November 7, the company rating was downgraded by Bank of America. It has underperformed by 17.22% the S&P500.

Investors sentiment increased to 1.46 in 2017 Q2. The company has a current ratio of 1.66, a quick ratio of 0.99 and a debt-to-equity ratio of 0.62. It increased, as 28 investors sold OMI shares while 68 reduced holdings. 129 funds opened positions while 634 raised stakes. Aperio Grp Ltd Limited Liability Company holds 0.01% or 63,267 shares. Moreover, Fmr Ltd Liability Corp has 0.01% invested in Owens & Minor, Inc. (NYSE:OMI). Aqr Cap Management Lc invested in 8,631 shares or 0% of the stock. Fred Alger holds 0.59% or 1.07M shares in its portfolio. (NYSE:OMI) for 36,752 shares.

About Owens-Illinois Owens-Illinois, Inc is a manufacturer of glass container products. Robecosam Ag reported 0.03% stake. The fund owned 7,997,182 shares of the industrial products company's stock after acquiring an additional 58,137 shares during the period. 27,048 are owned by Victory Capital Mngmt Incorporated. Burney Com accumulated 12,265 shares. Great West Life Assurance Com Can has invested 0% of its portfolio in Owens & Minor, Inc. The business's quarterly revenue was up 12.2% compared to the same quarter last year. analysts anticipate that Owens Corning Inc will post 4.33 EPS for the current fiscal year.

Let's take a quick look at how the price of Owens Corning (NYSE:OC) is now trading in comparison to some of its simple moving averages. Louisiana State Employees Retirement Sys stated it has 16,000 shares. AAPL's profit will be $19.25B for 11.27 P/E if the $3.75 EPS becomes a reality. After $1.25 actual EPS reported by Owens Corning for the previous quarter, Wall Street now forecasts -19.20% negative EPS growth.

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