Corning Included (NYSE:GLW) Given Consensus Suggestion of “Maintain” by Brokerages
Shares of Corning Included (NYSE:GLW – Get Ranking) have obtained a consensus suggestion of “Maintain” from the 13 brokerages which might be presently masking the inventory, Marketbeat Rankings studies. Six analysts have rated the inventory with a maintain ranking and three have given a purchase ranking to the corporate. The typical 1-year goal worth amongst analysts which have coated the inventory within the final yr is $39.09.
Plenty of equities analysis analysts not too long ago commented on GLW shares. Deutsche Financial institution Aktiengesellschaft lowered their worth goal on Corning from $37.00 to $35.00 in a analysis report on Wednesday, October twenty sixth. Barclays lowered their worth goal on Corning from $38.00 to $35.00 and set an “equal weight” ranking for the corporate in a analysis report on Wednesday, October twenty sixth. Susquehanna lowered their worth goal on Corning from $40.00 to $39.00 in a analysis report on Wednesday, October twenty sixth. JPMorgan Chase & Co. lowered their worth goal on Corning from $44.00 to $40.00 and set an “chubby” ranking for the corporate in a analysis report on Tuesday. Lastly, Morgan Stanley lowered their worth goal on Corning from $36.00 to $35.00 and set an “equal weight” ranking for the corporate in a analysis report on Tuesday, December thirteenth.
Institutional Inflows and Outflows
A number of institutional buyers and hedge funds have not too long ago made adjustments to their positions in GLW. Worth T Rowe Associates Inc. MD grew its stake in shares of Corning by 37.4% throughout the 2nd quarter. Worth T Rowe Associates Inc. MD now owns 20,008,558 shares of the electronics maker’s inventory value $630,470,000 after buying an extra 5,451,525 shares throughout the interval. BlackRock Inc. grew its stake in shares of Corning by 3.3% throughout the third quarter. BlackRock Inc. now owns 55,945,292 shares of the electronics maker’s inventory value $1,623,533,000 after buying an extra 1,796,774 shares throughout the interval. California Public Workers Retirement System boosted its stake in Corning by 109.6% within the 2nd quarter. California Public Workers Retirement System now owns 3,151,038 shares of the electronics maker’s inventory value $99,289,000 after buying an extra 1,647,814 shares throughout the interval. Prudential Monetary Inc. boosted its stake in Corning by 197.7% within the 1st quarter. Prudential Monetary Inc. now owns 2,033,754 shares of the electronics maker’s inventory value $75,066,000 after buying an extra 1,350,499 shares throughout the interval. Lastly, Vanguard Group Inc. boosted its stake in Corning by 1.1% within the third quarter. Vanguard Group Inc. now owns 95,986,278 shares of the electronics maker’s inventory value $2,785,521,000 after buying an extra 1,002,544 shares throughout the interval. Institutional buyers personal 67.79% of the corporate’s inventory.
Corning Worth Efficiency
Shares of NYSE:GLW opened at $31.75 on Friday. The corporate has a fast ratio of 0.94, a present ratio of 1.51 and a debt-to-equity ratio of 0.57. Corning has a twelve month low of $28.98 and a twelve month excessive of $43.47. The inventory’s 50 day shifting common is $32.89 and its 200-day shifting common is $33.14. The agency has a market capitalization of $26.85 billion, a price-to-earnings ratio of 14.84, a PEG ratio of two.44 and a beta of 1.05.
Corning (NYSE:GLW – Get Ranking) final issued its earnings outcomes on Tuesday, October twenty fifth. The electronics maker reported $0.51 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.51. Corning had a return on fairness of 15.25% and a web margin of 12.72%. The corporate had income of $3.67 billion for the quarter, in comparison with analyst estimates of $3.67 billion. Throughout the identical interval within the prior yr, the agency earned $0.56 earnings per share. Corning’s income for the quarter was up .7% on a year-over-year foundation. Promote-side analysts forecast that Corning will publish 2.03 EPS for the present fiscal yr.
Corning Declares Dividend
The corporate additionally not too long ago declared a quarterly dividend, which was paid on Friday, December sixteenth. Stockholders of report on Friday, November 18th had been paid a dividend of $0.27 per share. The ex-dividend date of this dividend was Thursday, November seventeenth. This represents a $1.08 annualized dividend and a dividend yield of three.40%. Corning’s payout ratio is 50.47%.
Corning Firm Profile
Corning Included engages in show applied sciences, optical communications, environmental applied sciences, specialty supplies, and life sciences companies worldwide. The corporate’s Show Applied sciences phase gives glass substrates for liquid crystal shows and natural light-emitting diodes utilized in televisions, pocket book computer systems, desktop displays, tablets, and handheld units.
See Additionally
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