Corning Incorporated (NYSE:GLW) Given Average Rating of “Moderate Buy” by Brokerages

Shares of Corning Incorporated (NYSE:GLW) have been given an average rating of “Moderate Buy” by the fifteen ratings firms that are covering the company, MarketBeat reports. Three equities research analysts have rated the stock with a hold rating, eleven have given a buy rating and one has given a strong buy rating to the company. The average twelve-month target price among brokerages that have covered the stock in the last year is $93.3636.

GLW has been the subject of a number of recent research reports. UBS Group reaffirmed a “buy” rating and issued a $109.00 target price (up from $100.00) on shares of Corning in a research note on Friday, November 21st. Mizuho set a $97.00 price objective on shares of Corning in a report on Wednesday, October 29th. Barclays lifted their target price on shares of Corning from $65.00 to $83.00 and gave the stock an “equal weight” rating in a research note on Wednesday, October 29th. Oppenheimer set a $100.00 target price on shares of Corning and gave the company an “outperform” rating in a report on Wednesday, October 29th. Finally, Susquehanna raised their price target on shares of Corning from $75.00 to $100.00 and gave the stock a “positive” rating in a report on Wednesday, October 29th.

Corning Trading Up 1.0%

Shares of Corning stock opened at $93.51 on Thursday. The stock has a market cap of $80.17 billion, a P/E ratio of 59.18, a P/E/G ratio of 1.14 and a beta of 1.13. The stock’s 50 day simple moving average is $87.16 and its 200-day simple moving average is $77.82. Corning has a 1-year low of $37.31 and a 1-year high of $96.64. The company has a debt-to-equity ratio of 0.62, a current ratio of 1.56 and a quick ratio of 1.00.

Corning (NYSE:GLW) last posted its quarterly earnings results on Tuesday, October 28th. The electronics maker reported $0.67 EPS for the quarter, beating the consensus estimate of $0.66 by $0.01. Corning had a return on equity of 18.12% and a net margin of 9.16%.The firm had revenue of $4.10 billion during the quarter, compared to analysts’ expectations of $4.24 billion. During the same quarter last year, the firm earned $0.54 earnings per share. The business’s revenue for the quarter was up 20.9% on a year-over-year basis. Corning has set its Q4 2025 guidance at 0.680-0.72 EPS. Analysts predict that Corning will post 2.33 EPS for the current fiscal year.

Insiders Place Their Bets

In other Corning news, insider Eric S. Musser sold 100,000 shares of Corning stock in a transaction on Wednesday, October 29th. The stock was sold at an average price of $90.17, for a total value of $9,017,000.00. Following the sale, the insider owned 44,926 shares in the company, valued at $4,050,977.42. The trade was a 69.00% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Lewis A. Steverson sold 23,142 shares of the company’s stock in a transaction on Friday, October 31st. The shares were sold at an average price of $89.05, for a total value of $2,060,795.10. Following the completion of the transaction, the executive vice president directly owned 17,575 shares in the company, valued at approximately $1,565,053.75. This trade represents a 56.84% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 156,135 shares of company stock worth $14,088,769 in the last three months. 0.40% of the stock is owned by insiders.

Institutional Investors Weigh In On Corning

Institutional investors have recently made changes to their positions in the stock. Hartline Investment Corp boosted its stake in shares of Corning by 113.2% during the 3rd quarter. Hartline Investment Corp now owns 295,362 shares of the electronics maker’s stock worth $24,229,000 after purchasing an additional 156,843 shares during the last quarter. Vanguard Group Inc. raised its position in shares of Corning by 1.6% in the second quarter. Vanguard Group Inc. now owns 97,952,109 shares of the electronics maker’s stock valued at $5,151,301,000 after buying an additional 1,582,895 shares during the last quarter. Schroder Investment Management Group lifted its stake in shares of Corning by 638.0% during the second quarter. Schroder Investment Management Group now owns 546,407 shares of the electronics maker’s stock valued at $28,736,000 after buying an additional 472,365 shares during the period. Motley Fool Asset Management LLC boosted its position in Corning by 10.5% during the second quarter. Motley Fool Asset Management LLC now owns 44,037 shares of the electronics maker’s stock worth $2,316,000 after acquiring an additional 4,183 shares during the last quarter. Finally, Jefferies Financial Group Inc. boosted its position in Corning by 33.2% during the second quarter. Jefferies Financial Group Inc. now owns 180,606 shares of the electronics maker’s stock worth $9,498,000 after acquiring an additional 44,994 shares during the last quarter. 69.80% of the stock is currently owned by institutional investors and hedge funds.

About Corning

Corning Incorporated is a global manufacturer specializing in specialty glass, ceramics and related materials and technologies. Headquartered in Corning, New York, the company supplies engineered materials and components used across multiple industries, including consumer electronics, telecommunications, automotive emissions control, pharmaceutical and life sciences, and industrial and scientific applications. Corning emphasizes materials science and precision manufacturing to develop durable, high-performance glass and ceramic products.

Key product lines include specialty display glass used by television and mobile-device manufacturers, cover glass marketed under well-known trade names for smartphones and tablets, and optical fiber and cable and related hardware for telecommunications networks.