Corning Incorporated (GLW) : 12 analysts are covering Corning Incorporated (GLW) and their average rating on the stock is 3.25, which is read as a Hold. 2 equity analysts believe that the stock has a bright future and the price doesnt capture all of its upside, hence they rate the stock as a Strong Buy. A Zacks Investment Research rank of 3, which recommends a Hold affirms that they expect a large upside in the stock from the current levels. However, 3 analysts consider that the stock has more downward risks ahead, hence, they suggest a Strong Sell on the stock. 1 more analyst has given the stock a Sell recommendation. A total of 6 brokerage firms believe that the stock is fairly valued, hence they advise a Hold on the stock.
Corning Incorporated (GLW) stock is expected to deviate a maximum of $3.07 from the average target price of $18.89 for the short term period. 9 Street Experts have initiated coverage on the stock with the most promising target being $23 and the most muted being $15.
Company shares have received an average consensus rating of Hold for the current week Also, UBS maintains their rating on the shares of Corning Incorporated (NYSE:GLW). The current rating of the shares is Neutral. Equity Analysts at the Firm raises the price target to $21.5 per share from $19 per share. The rating by the firm was issued on July 28, 2016.
Corning Incorporated (NYSE:GLW): During Wednesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $22.12 and $22.07 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $22.36. The buying momentum continued till the end and the stock did not give up its gains. It closed at $22.20, notching a gain of 0.41% for the day. The total traded volume was 24,294,804 . The stock had closed at $22.11 on the previous day.
Corning Incorporated (Corning) is engaged in the manufacture of specialty glass and ceramics. The Company creates and makes keystone components that enable systems for consumer electronics, mobile emissions control, optical communications and life sciences. Corning operates in five segments: Display Technologies, which manufactures glass substrates; Optical Communications, which is engaged in providing optical solutions; Environmental Technologies, which manufactures ceramic substrates and filter products; Specialty Materials, which manufactures products that provide more than 150 material formulations for glass, glass ceramics and fluoride crystals, and Life Sciences segment, which is a developer, manufacturer and supplier of scientific laboratory products. The Company manufactures and processes products at approximately 90 plants in 17 countries.