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 potential capital gains of 15.06 percent. The lowest price target was 17.5, implying potential capital losses 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. The average change in earnings estimates over the last 90 days is 0 percent. On the other hand, earnings estimates for the fiscal year have been revised upwards by 0 percent, as compared to a month ago. If we look at the last 90 days instead, we find a net average change of 0 percent in FY estimates.

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 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.

The growth rate of GLW's earnings is estimated by analysts to be -26.19 percent. The PEG ratio of a stock is another value frequently studied by investors. Investors like to see smaller values for the PEG ratio, because that is often interpreted as the company being fairly priced relative to its growth rate. PEG ratios below 1 are often considered desirable, 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.

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 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 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.