Jefferies (NYSE:JEF) analyst Philip Ng maintained a Buy rating on Owens Corning (NYSE:OC) on Wednesday, setting a price target of $136, which is approximately 43.99% above the present share price of $94.45.
Ng expects Owens Corning (NYSE:GLW) to post earnings per share (EPS) of $2.52 for the fourth quarter of 2021.
The current consensus among 7 TipRanks analysts is for a Moderate Buy rating of shares in Owens Corning, with an average price target of $110.86.
The analysts price targets range from a high of $136 to a low of $90.
In its latest earnings report, released on 09/30/2021, the company reported a quarterly revenue of $2.21 billion and a net profit of $392 million. The company's market cap is $9.49 billion.
According to TipRanks.com, Jefferies analyst Philip Ng is currently ranked with 5 stars on a 0-5 stars ranking scale, with an average return of 15.6% and a 74.50% success rate.
Owens Corning engages in the development, manufacture, and marketing of insulation, roofing, and fiberglass composites. It operates through the following segments: Composites, Insulation and Roofing. The Composites segment manufactures, fabricates, and sells glass reinforcements in the form of fiber, and also includes vertically integrated downstream activities. The Insulation segment provides insulating products which help customers conserve energy; provide improved acoustical performance; and offer convenience of installation and use. The Roofing segment offers laminate and strip asphalt roofing shingles and other products including oxidized asphalt and roofing accessories. The company was founded on October 31, 1938 and is headquartered in Toledo, OH.