Corning (NYSE:GLW) Raised to Buy at Wall Street Zen

Corning (NYSE:GLW) was upgraded by Wall Street Zen from a “hold” rating to a “buy” rating in a report issued on Friday.

Several other equities research analysts have also commented on the stock. Morgan Stanley boosted their target price on shares of Corning from $82.00 to $98.00 and gave the stock an “equal weight” rating in a research report on Wednesday, December 17th. Barclays raised their price objective on shares of Corning from $65.00 to $83.00 and gave the company an “equal weight” rating in a research note on Wednesday, October 29th. Zacks Research lowered shares of Corning from a “strong-buy” rating to a “hold” rating in a research report on Friday, November 21st. Argus increased their target price on shares of Corning from $68.00 to $110.00 and gave the company a “buy” rating in a report on Wednesday, October 29th. Finally, JPMorgan Chase & Co. lifted their price target on shares of Corning from $85.00 to $100.00 and gave the company an “overweight” rating in a research report on Wednesday, October 29th. One research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $93.36.

Corning Price Performance

Shares of GLW opened at $93.37 on Friday. The company has a current ratio of 1.56, a quick ratio of 1.00 and a debt-to-equity ratio of 0.62. The stock’s 50 day moving average is $87.63 and its two-hundred day moving average is $78.39. Corning has a twelve month low of $37.31 and a twelve month high of $96.64. The firm has a market capitalization of $80.05 billion, a PE ratio of 59.09, a P/E/G ratio of 1.64 and a beta of 1.13.

Corning (NYSE:GLW) last issued its earnings results on Tuesday, October 28th. The electronics maker reported $0.67 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.66 by $0.01. Corning had a return on equity of 18.12% and a net margin of 9.16%.The business had revenue of $4.10 billion during the quarter, compared to the consensus estimate of $4.24 billion. During the same period in the prior year, the business posted $0.54 EPS. The company’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. Research analysts anticipate that Corning will post 2.33 earnings per share for the current year.

Insider Buying and Selling at Corning

In other news, CFO Edward A. Schlesinger sold 20,893 shares of the firm’s stock in a transaction that occurred on Friday, October 31st. The shares were sold at an average price of $91.25, for a total transaction of $1,906,486.25. Following the completion of the transaction, the chief financial officer directly owned 66,959 shares of the company’s stock, valued at $6,110,008.75. This trade represents a 23.78% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Lewis A. Steverson sold 23,142 shares of the company’s stock in a transaction that occurred 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 sale, the executive vice president directly owned 17,575 shares in the company, valued at approximately $1,565,053.75. The trade was a 56.84% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 156,135 shares of company stock worth $14,088,769 over the last ninety days. 0.40% of the stock is currently owned by company insiders.

Institutional Trading of Corning

A number of large investors have recently made changes to their positions in the stock. Pinpoint Asset Management Singapore Pte. Ltd. acquired a new stake in shares of Corning during the 3rd quarter worth about $25,000. REAP Financial Group LLC raised its position in shares of Corning by 191.5% in the second quarter. REAP Financial Group LLC now owns 516 shares of the electronics maker’s stock valued at $27,000 after buying an additional 339 shares during the last quarter. Strengthening Families & Communities LLC purchased a new position in shares of Corning during the third quarter valued at approximately $27,000. Total Investment Management Inc. acquired a new stake in Corning during the second quarter worth approximately $28,000. Finally, Cornerstone Planning Group LLC boosted its position in Corning by 58.5% during the third quarter. Cornerstone Planning Group LLC now owns 336 shares of the electronics maker’s stock worth $30,000 after acquiring an additional 124 shares during the last quarter. Institutional investors and hedge funds own 69.80% of the company’s stock.

Corning Company Profile

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.