Corning Incorporated with ticker code (GLW) have now 12 confirmed analysts covering the stock with the consensus suggesting a rating of ‘buy’. The range between the high target price and low target price is between 43 and 33 calculating the mean target price we have $38.25. Given that the stocks previous close was at $32.20 and the analysts are correct then we can expect a percentage increase in value of 18.8%. Also worth taking note is the 50 day moving average now sits at $33.42 and the 200 day moving average is $33.58. The company has a market cap of 27.18B. The stock price for the company is currently 31.86 USD
The potential market cap would be $32,282,058,812 based on the market consensus.
The company is not paying dividends at this time.
Other points of data to note are a P/E ratio of 43.05, revenue per share of 15.77 and a 2.99% return on assets.
Corning Incorporated is a materials science technology and innovation company. The Company operates through five segments: Optical Communications, Display Technologies, Specialty Materials, Environmental Technologies and Life Sciences. The Optical Communications segment manufactures carrier network and enterprise network components for the telecommunications industry. The Display Technologies segment manufactures glass substrates for flat panel liquid crystal displays and other high-performance display panels. Its Specialty Materials segment is engaged in manufacturing products that provide material formulations for glass, glass ceramics and fluoride crystals to meet demand for customer needs. Its Environmental Technologies segment manufactures ceramic substrates and filters for emission control systems. Its Life Sciences segment manufactures glass and plastic labware, equipment, media, serum and reagents enabling workflow solutions for drug discovery and bioproduction.
