Corning Incorporated – Consensus ‘buy’ rating and 7.4% Upside Potential

Broker Ratings
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Corning Incorporated which can be found using ticker (GLW) have now 11 market analysts covering the stock. The analyst consensus now points to a rating of ‘buy’. The range between the high target price and low target price is between 42 and 30 calculating the average target price we see $37.64. Now with the previous closing price of $35.04 this is indicating there is a potential upside of 7.4%. The 50 day moving average now sits at $32.48 and the 200 day moving average is $33.21. The company has a market capitalization of 29.89B. The current share price for the company is: 35.16 USD

The potential market cap would be $32,108,477,849 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 33.17, revenue per share of 16.23 and a 3.4% 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.

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