Corning Inc. Sets New 1-Year High at $18.16 (GLW)
Shares of Corning (NYSE:GLW) hit a new 52-week high during trading on Thursday, AnalystRatingsNetwork.com reports. The stock traded as high as $18.16 and last traded at $18.00, with a volume of 5,338,351 shares trading hands. The stock had previously closed at $17.98.
A number of analysts have recently weighed in on GLW shares. Analysts at Citigroup Inc. initiated coverage on shares of Corning in a research note to investors on Tuesday, December 10th. They set a “neutral” rating on the stock. Separately, analysts at Zacks reiterated a “neutral” rating on shares of Corning in a research note to investors on Thursday, October 31st. They now have a $18.00 price target on the stock. Finally, analysts at Barclays raised their price target on shares of Corning from $20.00 to $22.00 in a research note to investors on Thursday, October 31st. They now have an “overweight” rating on the stock. One investment analyst has rated the stock with a sell rating, twelve have issued a hold rating and eleven have given a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus target price of $16.93.
Corning has a 52 week low of $11.75 and a 52 week high of $18.07. The stock has a 50-day moving average of $17.30 and a 200-day moving average of $15.66. The company has a market cap of $26.050 billion and a P/E ratio of 14.90.
Corning (NYSE:GLW) last issued its quarterly earnings data on Wednesday, October 30th. The company reported $0.33 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.32 by $0.01. The company had revenue of $2.10 million for the quarter, compared to the consensus estimate of $2.09 million. During the same quarter in the previous year, the company posted $0.34 earnings per share. The company’s revenue for the quarter was up 9.8% on a year-over-year basis. On average, analysts predict that Corning will post $1.22 earnings per share for the current fiscal year.
Corning Incorporated (NYSE:GLW) is a global, technology-based corporation.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.