Corning Rating Reiterated by Argus (GLW)
Corning (NYSE:GLW)‘s stock had its “buy” rating reiterated by analysts at Argus in a research report issued to clients and investors on Wednesday, AR Network reports. They currently have a $14.74 target price on the stock, down from their previous target price of $20.00.
Several other analysts have also recently commented on the stock. Analysts at UBS AG initiated coverage on shares of Corning (NYSE:GLW) in a research note to investors on Monday, September 23rd. They set a “buy” rating and a $20.00 price target on the stock. Separately, analysts at Gilford Securities initiated coverage on shares of Corning (NYSE:GLW) in a research note to investors on Monday, September 23rd. They set a “buy” rating and a $20.00 price target on the stock. Finally, analysts at Cantor Fitzgerald initiated coverage on shares of Corning (NYSE:GLW) in a research note to investors on Thursday, September 19th. They set a “hold” rating and a $14.50 price target on the stock. Ten analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. The company presently has an average rating of “Buy” and a consensus price target of $16.26.
Corning (NYSE:GLW) opened at 14.74 on Wednesday. Corning has a one year low of $10.71 and a one year high of $16.43. The stock has a 50-day moving average of $14.6 and a 200-day moving average of $14.56. The company has a market cap of $21.526 billion and a P/E ratio of 11.44.
Corning (NYSE:GLW) last posted its quarterly earnings results on Tuesday, July 30th. The company reported $0.32 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.31 by $0.01. The company had revenue of $2.00 billion for the quarter, compared to the consensus estimate of $1.97 billion. During the same quarter in the prior year, the company posted $0.31 earnings per share. The company’s quarterly revenue was up 11.1% on a year-over-year basis. Analysts expect that Corning will post $1.27 EPS for the current fiscal year.
Corning Incorporated (NYSE:GLW) is a global, technology-based corporation.
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