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.

Many analysts weighed in on price targets for GLW. The most optimistic price target was 35, implying a possible profit of 15.06 percent. The most pessimistic analyst gave a price target of 17.5, implying a possible loss of -42.47 percent. Some investors take price targets and stock ratings with a grain of salt, knowing that some analysts can have indirect business with the stocks they cover.

Analysts have revised their earnings estimates upwards for this quarter, by about 0 percent on average, compared to last month. This can be compared with the average change in earnings estimates over the past 3 months, which is 0 percent. Meanwhile, fiscal year estimates have been revised upwards by 0 percent, compared to last month. If we look at the last 90 days instead, we find a net average change of 0 percent in FY estimates.

Investors like to see analysts making revisions in the same direction, as that raises confidence in the revisions. 2 analysts made positive revisions to their quarterly estimates over the past month, while 2 analysts revised their estimates downwards. Over the same time period, 2 analysts revised their FY earnings estimates upwards, compared to 2 analysts that revised their FY estimates downwards.

Analysts estimate earnings of GLW to grow at a rate of -26.19 percent. Another measure frequently examined by investors is the PEG ratio. Investors like to see smaller values for the PEG ratio, as that can indicate whether the high price level of a stock is warranted by high growth. PEG ratios below 1 are often considered desirable, but many choose to perform ratio comparisons with other companies in the industry. The PEG ratio of GLW is -0.52.

In the trailing 52-weeks, GLW hit 32.17 at the highest peak, while it's lowest trading point was 20.76. The current market price is above the trailing year's low by 46.53 percent, 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 is estimated to release their earnings results for the quarter on 0000-00-00, days from today.