Large-cap Industrials company Corning has moved 0.6% so far today on a volume of 2,444,787, compared to its average of 3,804,652. In contrast, the S&P 500 index moved 1.0%.
Corning trades -8.98% away from its average analyst target price of $32.5 per share. The 10 analysts following the stock have set target prices ranging from $28.0 to $40.0, and on average have given Corning a rating of buy.
Anyone interested in buying GLW should be aware of the facts below:
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Corning has moved -12.8% over the last year, and the S&P 500 logged a change of 16.2%
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Based on its trailing earnings per share of 0.68, Corning has a trailing 12 month Price to Earnings (P/E) ratio of 43.5 while the S&P 500 average is 15.97
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GLW has a forward P/E ratio of 14.8 based on its forward 12 month price to earnings (EPS) of $2.0 per share
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The company has a price to earnings growth (PEG) ratio of 2.76 — 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 4.06
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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 $25.24 Billion. Corning currently returns an annual dividend yield of 3.8%.