Corning Incorporated which can be found using ticker (GLW) have now 13 confirmed analysts covering the stock with the consensus suggesting a rating of ‘buy’. The target price High/Low ranges between $45.00 and $29.00 with the average share target price sitting at $38.42. (at the time of writing). Now with the previous closing price of $40.05 this indicates there is a potential downside of -4.1%. Also worth taking note is the 50 day moving average now sits at $35.07 while the 200 day moving average is $31.59. The company has a market cap of 34.18B. The stock price for the company is currently $39.90 USD
The potential market cap would be $32,788,041,144 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 55.42, revenue per share of $14.57 and a 2.85% 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.
