Large-cap Industrials company Corning has moved -0.3% so far today on a volume of 1,899,694, compared to its average of 3,558,357. In contrast, the S&P 500 index moved 1.0%.
Corning trades -22.4% away from its average analyst target price of $38.0 per share. The 10 analysts following the stock have set target prices ranging from $33.0 to $43.0, and on average have given Corning a rating of buy.
If you are considering an investment in GLW, you'll want to know the following:
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Corning's current price is 30.5% above its Graham number of $22.59, which implies that at its current valuation it does not offer a margin of safety
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Corning has moved -1.0% over the last year, and the S&P 500 logged a change of 21.0%
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Based on its trailing earnings per share of 0.74, Corning has a trailing 12 month Price to Earnings (P/E) ratio of 39.8 while the S&P 500 average is 15.97
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GLW has a forward P/E ratio of 12.7 based on its forward 12 month price to earnings (EPS) of $2.33 per share
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The company has a price to earnings growth (PEG) ratio of 2.02 — a number near or below 1 signifying that Corning is fairly valued compared to its estimated growth potential
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Its Price to Book (P/B) ratio is 2.12 compared to its sector average of 3.78
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Corning Incorporated engages in the display technologies, optical communications, environmental technologies, specialty materials, and life sciences businesses worldwide.
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Based in Corning, the company has 57,500 full time employees and a market cap of $25.15 Billion. Corning currently returns an annual dividend yield of 3.7%.