Analyst Ratings for Corning Inc. (GLW)Updated: 2017-07-27
An average rating of Overweight has been given to Corning Inc. (NYSE:GLW) by analysts covering the stock. A consensus rating of Overweight was previously issued for GLW last month.
A buy rating was issued by 6 analysts, 0 issued an overweight rating, 12 gave a hold rating, 0 gave an underweight rating, and 1 gave a sell rating. Compared to three months ago, there has been an increase of 0 in the number of analysts with a positive outlook on the stock. Over the same time period, there has been an increase of 0 in the number of analysts with a negative outlook on the stock.
Several price targets were given for GLW by the analysts covering the stock. The highest price target was 35, which equates to a potential upside of 15.06 percent. The lowest price target was 17.5, which equates to a potential downside of -42.47 percent. One must be careful with overanalyzing price targets and ratings due to possible conflicts of interest among the analysts releasing them.
In the last 30 days, analysts have changed their quarterly earnings estimates upwards by an average of 0 percent. That number becomes 0 percent if we expand the time horizon to include the past 3 months instead of just one. Meanwhile, fiscal year estimates have been revised upwards by 0 percent, compared to last month. Expanding the time horizon to 3 months, the average change in fiscal year estimates becomes 0 percent.
Another thing investors often look at is the level of agreement among analysts' revisions. Over the past month, 2 analysts increased their quarterly estimates, while 2 analysts made negative revisions. Also over the last month, 2 analysts increased their estimates for the FY earnings, while 2 analysts made negative revisions to their fiscal year's estimates.
The growth rate of GLW's earnings is estimated by analysts to be -26.19 percent. Another measure frequently examined by investors is the PEG ratio. A lower PEG ratio is favorable, because that is often interpreted as the company being fairly priced relative to its growth rate. People often look for the PEG ratio to be under 1, even though it may be more relevant to compare the ratio to that of a firm's competitors. The PEG ratio of GLW is -0.52.
In the last 52-weeks, GLW has achieved a high of 32.17 and a low of 20.76. Currently the stock is 46.53 percent higher than its low, and below the high by 5.44 percent. GLW has a P/E ratio of 13.7. Investors typically compare the P/E ratio to a company's peers in the industry. The GLW value stock report compares GLW to some of its peers using value stock charts. The market cap of GLW is $29.57 billion. GLW's next earnings release will be on 0000-00-00, which is days away.