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Is this Large Market Cap Stock target price reasonable for Owens Corning (NYSE:OC)?

The company in question is, Owens Corning (NYSE:OC) currently with a stock price of 52 (0.93% today). The market cap for Owens Corning is 6106.67, and is in the sector Industrial Goods, and General Building Materials industry. The target price for Owens Corning is 55.94. Currently Owens Corning is trading with a P/E of 14.52, and a forward P/E of 13.81. Average volume for Owens Corning is 1109.26 and so far today it is 391332.

Performance in the last year for Owens Corning has been 24.20%. For EPS growth, Owens Corning has seen a growth of 46.10%, and is looking to grow in the next year to 8.30%. More long term stats show that EPS growth has been -17.60% over the last five years and could be 14.70% for the next five years. Owens Corning has seen sales growth quarter over quarter at 9.30%, with EPS growth quarter over quarter at 54.10%. The 20-day simple moving average is -2.43%, with the 200-day simple moving average coming to 5.64%.

Since the IPO date for Owens Corning on the 11/01/2006, Owens Corning has seen performance year to date to be 10.73%. With Owens Corning trading at 52, the dividend yield is 1.40%, and the EPS is 3.55.

So could Owens Corning, be undervalued? Well as said before P/E is 14.52. The PEG is 0.99, P/S is 1.11 and the P/B is at 1.53. The P/cash is 91.14, with P/free cash flow at 10.25.

Owens Corning ability to deal with debt shows that the current ratio is 1.5, and the quick ratio is 0.9. This is with long term debt/equity at 0.54, and total debt/equity at 0.59.

In terms of margins, Owens Corning has a gross margin of 24.10%, an operating margin of 12.50% and a profit margin of 7.60%.Payout ratio for Owens Corning is 19.50%. Return on assets come to 5.50% with return on investment coming to 7.70%.

Insider ownership for Owens Corning, is at 1.20% and institutional ownership comes to 99.10%. Outstanding shares are at 118.53. While shares float is 113.4. The float short is currently 5.54%, and short ratio is 5.66.

Disclaimer: Remember there is a risk to your investment, this is not a recommendation, nor personal advice, never invest more than you are able too loose.

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Stephen Butters

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