A statement released earlier today by Zacks Investment Research about Corning Incorporated (NYSE:GLW) raises the target price to $27.00
- Updated: November 29, 2016
Corning Incorporated (NYSE:GLW) had its stock price target increased to $27.00 by Zacks Investment Research in a report released 11/29/2016. The new stock price target suggests a potential upside of 0.11% from the company's last stock close price.
Yesterday Corning Incorporated (NYSE:GLW) traded -0.12% lower at $24.36. The company’s 50-day moving average is $23.39 and its 200-day moving average is $22.10. The last stock close price is up 9.38% from the 200-day moving average, compared to the S&P 500 which has decreased -0.03% over the same time. 5,566,123 shares of the stock were exchanged, down from an average trading volume of 8,792,420
See Chart Below
Corning Incorporated has a 52 week low of $16.13 and a 52 week high of $24.42 with a P/E ratio of 12.32 The company’s market cap is currently $0.
In addition to Zacks Investment Research reporting its target price, a total of 14 firms have reported on the stock. The consensus target price is $20.71 with 3 firms rating the stock a strong buy, 4 firms rating the stock a buy, 9 firms rating the stock a hold, 1 firm rating the stock a underperform, and finally 1 firm rating the stock a sell.
About Corning Incorporated (NYSE:GLW)
Corning Incorporated (Corning) is engaged in the manufacture of specialty glass and ceramics. The Company 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 over 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 Display Technologies segment develops, manufactures and supplies glass substrates using a fusion manufacturing process. It manufactures and processes products at approximately 90 plants in approximately 20 countries. Corning offers its products under the trademarks, including Corning, Celcor, ClearCurve, DuraTrap, Eagle XG, Epic, Gorilla, HPFS, Pyrex, Steuben, Falcon, SMF-28e and Willow.
Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with MarketBeat.com's FREE daily email newsletter.