Corning Incorporated (GLW) has an average broker rating of 3.25, which is interpreted as a Hold, as rated by 12 equity analysts. Nonetheless, 2 analysts are positive on the stocks future and they recommend a Strong Buy on the stock. Nevertheless, the majority of 6 analysts consider that the stock is a Hold with neither a large upside nor a downside. Ranking by Zacks Investment Research for Coach Inc is 3, which is also a Hold. 3 brokerage firm advices Strong Sell on the share due to lack of confidence about the future of the company. 1 considers that the stock is a Sell.
Corning Incorporated (GLW) : Currently there are 9 street experts covering Corning Incorporated (GLW) stock. The most bullish and bearish price target for the stock is $23 and $15 respectively for the short term. The average price target of all the analysts comes to $18.89. The estimated standard deviation from the target is $3.07.
Company shares have received an average consensus rating of Hold for the current week Corning Incorporated (NYSE:GLW): During Thursdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $22.90 and $22.87 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $23.00. The buying momentum continued till the end and the stock did not give up its gains. It closed at $22.92, notching a gain of 0.39% for the day. The total traded volume was 6,531,651 . The stock had closed at $22.83 on the previous day.
In a related news, The Securities and Exchange Commission has divulged that Weeks Wendell P, director officer (Chairman, CEO & President) of Corning Inc /Ny, had unloaded 68,250 shares at an average price of $22.21 in a transaction dated on August 2, 2016. The total value of the transaction was worth $1,515,833.
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.