Owens Corning (NYSE:OC), Fulton Financial Corporation (NASDAQ:FULT)

Owens Corning (NYSE:OC), Fulton Financial Corporation (NASDAQ:FULT)

The shares of Owens Corning (NYSE:OC) has been pegged with a rating of Buy by The Benchmark Company in its latest research note that was published on February 05, 2020. The Benchmark Company wasn’t the only research firm that published a report of Owens Corning, with other equities research analysts also giving their opinion on the stock. JP Morgan advised investors in its research note published on January 16, 2020, to Underweight the OC stock while also putting a $58 price target. The stock had earned Hold rating from Berenberg Markets when it published its report on January 14, 2020. That day the Berenberg set price target on the stock to $68. The stock was given Buy rating by Loop Capital in its report released on January 07, 2020, the day when the price target on the stock was placed at 76. Citigroup was of a view that OC is Neutral in its latest report on December 17, 2019. BofA/Merrill thinks that OC is worth Neutral rating.

Amongst the analysts that rated the stock, 1 have recommended investors to sell it, 7 believe it has the potential for further growth, thus rating it as Hold while 14 advised investors to purchase the stock. The consensus currently stands at a Overweight while its average price target is $58.05. The price of the stock the last time has raised by 22.48% from its 52-Week high price while it is -49.10% than its 52-Week low price. A look at the stock’s other technical shows that its 14-day RSI now stands at 36.55.

The shares of the company dipped by -4.76% during the trading session on Friday, reaching a low of $34.09 while ending the day at $34.98. During the trading session, a total of 1.03 million shares were traded which represents a 35.71% incline from the average session volume which is 1.6 million shares. OC had ended its last session trading at $36.73. Owens Corning currently has a market cap of $3.98 billion, while its P/E ratio stands at 9.49, while its P/E earnings growth sits at 1.10, with a beta of 1.51. Owens Corning debt-to-equity ratio currently stands at 0.65, while its quick ratio hovers at 0.80 OC 52-week low price stands at $28.56 while its 52-week high price is $68.72.

The company in its last quarterly report recorded $1.13 earnings per share which is above the predicted by most analysts. The Owens Corning generated 172.0 million in revenue during the last quarter. In the second quarter last year, the firm recorded $1.63 earnings per share. Compared to the same quarter last year, the firm’s revenue was up by 52.21%. Owens Corning has the potential to record 4.68 EPS for the current fiscal year, according to equities analysts.

Investment analysts at Piper Jaffray published a research note on January 17, 2019 where it informed investors and clients that Fulton Financial Corporation (NASDAQ:FULT) is now rated as Neutral. Barclays also rated FULT as Upgrade on October 03, 2018, with its price target of $19 suggesting that FULT could surge by 29.58% from its current share price. Even though the stock has been trading at $10.75/share, analysts expect it to down by -6.98% to reach $14.20/share. It started the day trading at $10.91 and traded between $9.83 and $10.00 throughout the trading session.

A look at its technical shows that FULT’s 50-day SMA is 14.46 while its 200-day SMA stands at 16.12. The stock has a high of $18.00 for the year while the low is $10.07. The stock, however, witnessed a rise in its short on 03/13/20. Compared to previous close which recorded 5.86 M shorted shares, the short percentage went higher by 11.51%, as 6.54M OC shares were shorted. At the moment, only 4.02% of Fulton Financial Corporation shares were sold short. The company’s P/E ratio currently sits at 7.42, while the P/B ratio is 0.70. The company’s average trading volume currently stands at 1.21M shares, which means that the short-interest ratio is just 5.38 days. Over the past seven days, the company moved, with its shift of -11.58%. Looking further, the stock has dropped -42.99% over the past 90 days while it lost -36.18% over the last six months.

The change in the stock’s fortunes has led to several institutional investors altering their holdings of the stock. The BlackRock Fund Advisors bought more FULT shares, increasing its portfolio by 0.35% during the last quarter. This move now sees The BlackRock Fund Advisors purchasing 62,361 shares in the last quarter, thus it now holds 17,894,477 shares of FULT, with a total valuation of $258,575,193. The Vanguard Group, Inc. meanwhile sold more FULT shares in the recently filed quarter, changing its stake to $225,450,215 worth of shares.

Similarly, Dimensional Fund Advisors LP decreased its Fulton Financial Corporation shares by 3.52% during the recently filed quarter. After selling 13,393,918 shares in the last quarter, the firm now controls -488,270 shares of Fulton Financial Corporation which are valued at $193,542,115. In the same vein, SSgA Funds Management, Inc. decreased its Fulton Financial Corporation shares by during the most recent reported quarter. The firm bought 11,578 shares during the quarter which decreased its stakes to 6,547,061 shares and is now valued at $94,605,031. Following these latest developments, around 0.40% of Fulton Financial Corporation stocks are owned by institutional investors and hedge funds.

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