Corning Incorporated which can be found using ticker (GLW) now have 10 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 $40.00 and $28.00 calculating the average target share price we see $32.70. (at the time of writing). Now with the previous closing price of $30.74 this would imply there is now a potential upside of 6.4%. The 50 day moving average now sits at $29.14 and the 200 day MA is $31.40. The total market capitalization for the company now stands at 26.11B. The current share price for the company is: $30.60 USD
The potential market cap would be $27,771,761,546 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 45, revenue per share of $15.35 and a 2.92% 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.
