Unveiling Corning – Insights from Our Analysts

Corning logged a -3.7% change during today's evening session, and is now trading at a price of $38.28 per share. The S&P 500 index moved 0.0%. GLW's trading volume is 15,826,196 compared to the stock's average volume of 5,661,527.

Corning trades -0.36% away from its average analyst target price of $38.42 per share. The 13 analysts following the stock have set target prices ranging from $29.0 to $45.0, 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:

  • Corning's current price is 166.9% above its Graham number of $14.34, which implies that at its current valuation it does not offer a margin of safety

  • Corning has moved 14.3% over the last year, and the S&P 500 logged a change of 25.0%

  • Based on its trailing earnings per share of 0.72, Corning has a trailing 12 month Price to Earnings (P/E) ratio of 53.2 while the S&P 500 average is 27.65

  • GLW has a forward P/E ratio of 17.4 based on its forward 12 month price to earnings (EPS) of $2.2 per share

  • The company has a price to earnings growth (PEG) ratio of 1.83 — a number near or below 1 signifying that Corning is fairly valued compared to its estimated growth potential

  • Its Price to Book (P/B) ratio is 2.79 compared to its sector average of 4.25

  • Corning Incorporated engages in the display technologies, optical communications, environmental technologies, specialty materials, and life sciences businesses in the United States and internationally.

  • Based in Corning, the company has 49,800 full time employees and a market cap of $32.79 Billion. Corning currently returns an annual dividend yield of 2.8%.

The above analysis is intended for educational purposes only and was performed on the basis of publicly available data. It is not to be construed as a recommendation to buy or sell any security. Any buy, sell, or other recommendations mentioned in the article are direct quotations of consensus recommendations from the analysts covering the stock, and do not represent the opinions of Market Inference or its writers. Past performance, accounting data, and inferences about market position and corporate valuation are not reliable indicators of future price movements. Market Inference does not provide financial advice. Investors should conduct their own review and analysis of any company of interest before making an investment decision.