Corning, Inc [NYSE: GLW] loss -0.06% on the last trading session, reaching $5630000.0 price per share at the time.
Corning, Inc represents 810.00 million in outstanding shares, while the company has a total market value of $44.01 billion with the latest information. GLW stock price has been found in the range of $51.09 to $51.66.
If compared to the average trading volume of 5.63M shares, GLW reached a trading volume of 4267252 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Here is what top equities market gurus are saying about Corning, Inc [GLW]:
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for GLW shares is $53.92 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on GLW stock is a recommendation set at 1.76. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.
HSBC Securities have made an estimate for Corning, Inc shares, keeping their opinion on the stock as Buy, with their previous recommendation back on January 30, 2025. While these analysts kept the previous recommendation, Mizuho raised their target price from $44 to $47. The new note on the price target was released on August 21, 2024, representing the official price target for Corning, Inc stock. Previously, the target price had yet another raise to $46, while Deutsche Bank analysts kept a Buy rating on GLW stock.
The Price to Book ratio for the last quarter was 3.88, with the Price to Cash per share for the same quarter was set at 1.59. Price to Free Cash Flow for GLW in the course of the last twelve months was 41.02 with Quick ratio for the last quarter at 1.05.
Trading performance analysis for GLW stock
Corning, Inc [GLW] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 1.80. With this latest performance, GLW shares gained by 6.27% in over the last four-week period, additionally plugging by 9.20% over the last 6 months – not to mention a rise of 8.14% in the past year of trading.
Corning, Inc [GLW]: A deeper dive into fundamental analysis
Operating Margin for any stock indicates how profitable investing would be, and Corning, Inc [GLW] shares currently have an operating margin of 12.13% and a Gross Margin at 32.18%. Corning, Inc’s Net Margin is presently recorded at 3.34%.
Return on Equity for this stock inclined to 1.65%, with Return on Assets sitting at 1.65%.
Corning, Inc [GLW]: An earnings per share (EPS) analysis
The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for GLW. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Corning, Inc go to 14.96%.
An analysis of Institutional ownership at Corning, Inc [GLW]
There are presently around $74.05%, or 81.03% of GLW stock, in the hands of institutional investors. The top three institutional holders of GLW stocks are: VANGUARD GROUP INC with ownership of 98.17 million shares, which is approximately 11.5088%. BLACKROCK INC., holding 62.16 million shares of the stock with an approximate value of $$2.41 billion in GLW stocks shares; and BLACKROCK INC., currently with $$1.52 billion in GLW stock with ownership which is approximately 4.5829%.
