13 May, 2017
Corning Incorporated (NYSE:GLW) pays an annual dividend of 1 Sell Rating, 9 Hold Ratings, 5 Buy Ratings with a yield of 1.87% and an average dividend growth of 11.50% (3 Year Average). The firm presently has a $30.00 target price on the electronics maker's stock. At the time, this indicated a possible upside of 0.11%. We note that estimates have been going up ahead of the company's fiscal Q1 earnings release. Strong first-quarter results demonstrate the company's continued positive momentum.
Corning Incorporated is engaged in manufacturing specialty glass and ceramics. "These headwinds can drag down returns in full-year 2017".
A number of other equities analysts have also recently weighed in on GLW. Deutsche Bank AG boosted their target price on shares of Corning from $26.00 to $28.00 and gave the company a "buy" rating in a research note on Wednesday, January 18th. Also, the current price highlights a discount of 58.67% to analysts' high consensus price target. According to Thomson Reuters, sell-side analysts are forecasting a harmony target price of $29.04 on company shares. Zacks Investment Research cut shares of Corning from a "buy" rating to a "hold" rating in a research note on Thursday. They noted that the move was a valuation call. Two investment analysts have rated the stock with a sell rating, ten have given a hold rating and five have given a buy rating to the company's stock. The stock showed weekly upbeat performance of 6.90%, which was maintained for the month at 12.62%.
Corning Incorporated (NYSE:GLW) last session's volume of 10.15 million shares was higher than its average volume of 6.39 million shares. The stock traded at a volume of 4.22 million shares. Current price places the company's stock -8.9% away from its 200-day simple moving average, -2.8%, away from the 50-day average and also 2.63% away from 20-day average. Corning Incorporated has a 52-week low of $18.21 and a 52-week high of $29.12.
Corning Incorporated (NYSE:GLW) have shown a high EPS growth of 12.70% in the last 5 years and has earnings growth of 738.70% yoy. That value represents a market adjusting for revenues that have been growing by 10.98 % on a quarterly year/year basis as of the company's last quarterly report. During the same quarter in the prior year, the firm earned $0.34 earnings per share. Corning's quarterly revenue was up 16.0% compared to the same quarter previous year.
On 7/17/2013 Corning Incorporated announced a quarterly dividend of $0.10 2.7% with an ex dividend date of 8/28/2013 which will be payable on 9/30/2013. Corning's payout ratio is 16.67%.
TRADEMARK VIOLATION NOTICE: "Corning Incorporated (GLW) Upgraded to "Buy" at Zacks Investment Research" was published by BBNS and is the property of of BBNS. If you are accessing this story on another domain, it was stolen and republished in violation of United States & worldwide copyright & trademark laws. The legal version of this piece of content can be accessed at https://transcriptdaily.com/2017/04/28/corning-incorporated-glw-rating-reiterated-by-susquehanna-bancshares-inc.html. Price Target plays a critical role when it comes to the analysis of a Stock. The sale was disclosed in a document filed with the SEC, which is available at this link. It's now trading about 1.01% above its 52-week high. The share price is now up 17.14% for the past three months.
Shares outstanding are recorded as 942.00 M and total shares floated are 924.36 M. Current ratio which is the relationship between current assets and current liabilities, indicating the liquidity of a business is calculated as 3.30. The disclosure for this sale can be found here. The stock gained 3.31 percent over the past month and ross 16.98 percent year-to-date. The stock, after opening at $28.63, closed at $28.39 by scoring -0.53%.
A number of hedge funds have recently added to or reduced their stakes in the stock. Chicago Partners Investment Group LLC raised its stake in Corning by 0.7% in the third quarter. Mirador Capital Partners LP raised its stake in Corning by 0.3% in the third quarter. The number of shares now owned by investors are 544.77 mln. SRB Corp purchased a new stake in Corning during the third quarter valued at $170,000. Concert Wealth Management Inc. now owns 31,420 shares of the electronics maker's stock worth $744,000 after buying an additional 786 shares in the last quarter.