Corning Incorporated (NYSE:GLW) Receives $178.31 Average PT from Analysts

Shares of Corning Incorporated (NYSE:GLWGet Free Report) have been assigned an average rating of “Moderate Buy” from the sixteen brokerages that are covering the company, MarketBeat Ratings reports. Six analysts have rated the stock with a hold recommendation and ten have given a buy recommendation to the company. The average 1 year price objective among brokerages that have issued a report on the stock in the last year is $182.6154.

GLW has been the subject of a number of research analyst reports. Citigroup raised their target price on Corning from $175.00 to $225.00 and gave the company a “buy” rating in a report on Thursday, May 7th. JPMorgan Chase & Co. raised their target price on Corning from $175.00 to $185.00 and gave the company a “neutral” rating in a report on Thursday, May 7th. Bank of America raised their target price on Corning from $155.00 to $186.00 and gave the company a “buy” rating in a report on Monday, April 20th. Morgan Stanley set a $180.00 price objective on Corning in a research note on Friday, May 8th. Finally, Oppenheimer lifted their price objective on Corning from $120.00 to $210.00 and gave the company an “outperform” rating in a research note on Thursday, May 7th.

Check Out Our Latest Research Report on GLW

Corning Stock Performance

Shares of Corning stock opened at $228.14 on Friday. The business has a 50-day moving average of $183.60 and a 200 day moving average of $141.15. Corning has a 12 month low of $51.32 and a 12 month high of $230.50. The stock has a market capitalization of $196.35 billion, a price-to-earnings ratio of 109.16, a price-to-earnings-growth ratio of 2.95 and a beta of 1.15. The company has a debt-to-equity ratio of 0.62, a current ratio of 1.61 and a quick ratio of 1.06.

Corning (NYSE:GLWGet Free Report) last announced its earnings results on Tuesday, April 28th. The electronics maker reported $0.70 EPS for the quarter, beating analysts’ consensus estimates of $0.69 by $0.01. Corning had a return on equity of 19.45% and a net margin of 11.09%.The company had revenue of $4.35 billion during the quarter, compared to analysts’ expectations of $4.30 billion. During the same period last year, the business posted $0.54 EPS. Corning’s revenue for the quarter was up 18.1% on a year-over-year basis. Corning has set its Q2 2026 guidance at 0.730-0.770 EPS. As a group, sell-side analysts forecast that Corning will post 3.19 earnings per share for the current year.

Corning Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 29th. Stockholders of record on Monday, August 31st will be paid a $0.28 dividend. This represents a $1.12 annualized dividend and a dividend yield of 0.5%. The ex-dividend date is Monday, August 31st. Corning’s dividend payout ratio (DPR) is presently 53.59%.

Insiders Place Their Bets

In other news, VP John Z. Zhang sold 10,000 shares of Corning stock in a transaction dated Monday, May 11th. The stock was sold at an average price of $198.34, for a total value of $1,983,400.00. Following the completion of the transaction, the vice president owned 5,138 shares in the company, valued at approximately $1,019,070.92. This trade represents a 66.06% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, SVP Michaune D. Tillman sold 3,260 shares of Corning stock in a transaction dated Monday, May 11th. The shares were sold at an average price of $207.02, for a total value of $674,885.20. Following the completion of the transaction, the senior vice president owned 10,174 shares of the company’s stock, valued at $2,106,221.48. The trade was a 24.27% decrease in their position. The SEC filing for this sale provides additional information. In the last ninety days, insiders have sold 160,655 shares of company stock worth $30,692,561. Corporate insiders own 0.25% of the company’s stock.

Institutional Investors Weigh In On Corning

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Merit Financial Group LLC increased its stake in Corning by 16.9% in the fourth quarter. Merit Financial Group LLC now owns 45,001 shares of the electronics maker’s stock valued at $3,940,000 after purchasing an additional 6,493 shares during the last quarter. Lansforsakringar Fondforvaltning AB publ increased its stake in Corning by 4.9% in the third quarter. Lansforsakringar Fondforvaltning AB publ now owns 261,749 shares of the electronics maker’s stock valued at $21,471,000 after purchasing an additional 12,297 shares during the last quarter. Security National Bank increased its stake in Corning by 340.4% in the fourth quarter. Security National Bank now owns 72,523 shares of the electronics maker’s stock valued at $6,350,000 after purchasing an additional 56,056 shares during the last quarter. Natixis Advisors LLC increased its stake in Corning by 32.1% in the third quarter. Natixis Advisors LLC now owns 479,921 shares of the electronics maker’s stock valued at $39,367,000 after purchasing an additional 116,583 shares during the last quarter. Finally, Three Seasons Wealth LLC acquired a new position in Corning in the fourth quarter valued at $1,750,000. Institutional investors and hedge funds own 69.80% of the company’s stock.

Corning Company Profile

(Get Free Report)

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.

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Analyst Recommendations for Corning (NYSE:GLW)

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