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.
GLW was given price targets by several analysts. The most optimistic price target was 35, which equates to a potential upside of 15.06 percent. The most pessimistic price target was 17.5, implying a possible loss of -42.47 percent. It is crucial to not blindly accept any price targets or stock ratings, because many analysts have it in their best interest to give positive coverage of certain stocks.
Over the past month, analysts have revised their estimates for this quarter's earnings, with a net average change of 0 percent. The average change in earnings estimates over the last 90 days is 0 percent. Over the past 30 days, FY earnings estimates have also changed upwards by 0 percent. 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.
GLW has an estimated earnings growth rate of -26.19 percent as forecasted by analysts. Another measure frequently examined by investors is the PEG ratio. Smaller PEG ratios are desirable, because people typically see that as an indicator of higher growth relative to stock price. Many investors consider PEG ratios between 0 and 1 as preferrable, although it is frequently more appropriate to compare PEG ratios to the company's peers. GLW has a PEG ratio of -0.52.
GLW has traded between a high of 32.17 and a low of 20.76 over the past year. Currently the stock is 46.53 percent higher than its low, and below the high by 5.44 percent. 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 stock has a market capitalization of $29.57 billion. GLW will post this quarters earnings in days, on 0000-00-00.