Don't Take a Position in Corning Stocks Without Knowing Its Fundamentals!

By Susan Ramirez • Tuesday, October 07 10:10 • Permanent Link

Corning logged a 0.6% change during today's morning session, and is now trading at a price of $85.86 per share. The S&P 500 index moved 0.0%. GLW's trading volume is 1,057,999 compared to the stock's average volume of 7,075,800.

Corning trades 12.73% away from its average analyst target price of $76.17 per share. The 12 analysts following the stock have set target prices ranging from $47.0 to $93.0, and on average have given Corning a rating of buy.

Anyone interested in buying GLW should be aware of the facts below:

Corning's current price is 577.7% above its Graham number of $12.67, which implies that at its current valuation it does not offer a margin of safety
Corning has moved 91.4% over the last year, and the S&P 500 logged a change of 17.2%
Based on its trailing earnings per share of 0.94, Corning has a trailing 12 month Price to Earnings (P/E) ratio of 91.3 while the S&P 500 average is 29.3
GLW has a forward P/E ratio of 37.2 based on its forward 12 month price to earnings (EPS) of $2.31 per share
Its Price to Book (P/B) ratio is 6.25 compared to its sector average of 2.89
Corning Incorporated operates in optical communications, display technologies, environmental technologies, specialty materials, and life sciences businesses.
Based in Corning, the company has 56,300 full time employees and a market cap of $73.55 Billion. Corning currently returns an annual dividend yield of 1.3%.

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.