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 maximum price target given was 35, implying a possible profit of 15.06 percent. The minimum price target given 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.

Over the past month, analysts have revised their estimates for this quarter's earnings, with a net average change 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.

People are often interested in whether analysts were united in the direction of their revisions. Over the past month, 2 analysts increased their quarterly estimates, which can be compared to the 2 analysts that decreased their estimates. Also over the last month, 2 analysts increased their estimates for the FY earnings, compared to 2 analysts that revised their FY estimates downwards.

Analysts estimate earnings of GLW to grow at a rate of -26.19 percent. The PEG ratio of a stock is another value frequently studied by investors. A lower PEG ratio is favorable, because that is often interpreted as the company being fairly priced relative to its growth rate. PEG ratios below 1 are often considered desirable, though it could be better to see where the ratio stands relative to peers in the industry. GLW has a PEG ratio of -0.52.

GLW has a 52-week high of 32.17 and a 52-week low of 20.76. The current market price is above the trailing year's low by 46.53 percent, and 5.44 percent below the high. GLW has a price/earnings 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 will post this quarters earnings in days, on 0000-00-00.