Evercore ISI Group Rates Owens Corning (OC) buy
Evercore ISI Group raises Owens Corning's rating to Buy with a $188 price target, a 18.27% upside from the current price.
Reviewed by automated data checks against the source data. How we make and check alerts
Evercore ISI Group rated Owens Corning ($OC) "buy" with a $188 price target on June 30, 2026.
Since the rating, $OC is down 10.5% after 1 week, down 12.2% after 1 month and down 28.6% to date (from the $158.09 close on Jun 30, 2026).
OC
Owens Corning
Key Points
- Evercore ISI Group upgraded Owens Corning to a Buy rating with a $188 price target on June 30, 2026.
- Evercore ISI Group's $188 price target implies 18.27% upside from Owens Corning's ($OC) current $158.96 share price.
- Owens Corning shares traded at $156.05 on Wednesday, with a market cap of $12.8 billion and a forward P/E of 13.48.
- Deutsche Bank and other analysts maintain positive ratings, with a consensus Buy recommendation and a target mean price of $146.21.
Get $OC trade alerts by text
We text you when insiders, Congress or big funds trade $OC. Free.
Not investment advice. TradeTexts is not a registered investment adviser, and this automated Owens Corning alert may contain errors. Disclosures
On June 30, 2026, Evercore ISI Group upgraded Owens Corning (NYSE:OC) to a Buy rating and set a price target of $188. This change reflects a positive outlook from analyst Stephen Kim, who sees potential upside in the stock.
Evercore ISI Group vs. the S&P 500
Hypothetical returns from Evercore ISI Group's disclosed trades, not real profit or advice. How we model this.
Owens Corning Stock Up 39.8%
Shares of NYSE:OC traded near $156.05 on Wednesday. Owens Corning, a leader in the building products industry, boasts a market cap of about $12.8 billion. The company's forward P/E ratio stands at 13.48, and it has a beta of 1.35, indicating some market volatility. The stock's 52-week range is between $97.53 and $159.90. It has a 50-day moving average of $122.71 and a 200-day moving average of $121.03.
$OC price target
Owens Corning daily closes and this analyst's $188 target. Not advice.
Recent Earnings
Owens Corning reported revenue of approximately $9.84 billion, though it experienced a revenue decline of 10.5%. The company posted a net margin of -5.43% and a return on equity of -9.39%. Investors will be watching the next earnings report, expected on August 5, 2026.
Dividend
The company offers an annual dividend rate of $3.06, yielding 1.93%. The dividend payout ratio is 31.58%, indicating a sustainable dividend policy.
Insider Buying and Selling at Owens Corning
Recent insider activity at Owens Corning includes a planned sale by Rachel Barthelemy Marcon, President of Doors, who sold 700 shares on May 28, 2026. On May 8, 2026, several insiders, including Paul Edward Martin and Suzanne Nimocks, purchased shares at an average price of $121.67, reflecting confidence in the company's future.
Analysts Set New Price Targets
On June 30, 2026, Evercore ISI Group upgraded Owens Corning to a Buy rating with a $188 price target. Deutsche Bank also maintained a Buy rating on the same date with a target of $165. Barclays, JP Morgan, and others have maintained their ratings, contributing to a consensus Buy recommendation and a target mean price of $146.21 among 14 analysts.
About Owens Corning
Owens Corning is a major player in the industrial sector, specializing in building products and equipment. Headquartered in Toledo, Ohio, the company operates through segments such as Roofing, Insulation, and Doors. It provides a variety of products including asphalt roofing shingles, insulation solutions, and glass reinforcements. Led by CEO Brian D. Chambers, Owens Corning employs around 25,000 people globally.
Bottom Line
Evercore ISI Group's upgrade of Owens Corning to a Buy rating with a $188 target signals strong confidence in the company's potential growth. Investors will keep an eye on upcoming earnings in August and continue to monitor insider and institutional activity. As always, remember that analyst ratings are based on past data and projections, and actual outcomes may vary.
Related Filing Alerts
Source: Evercore ISI Group's rating change on $OC (Jun 30, 2026). Written by software, not financial advice. How we make alerts