18 analysts have shared their evaluations of Corning GLW during the recent three months, expressing a mix of bullish and bearish perspectives.
The table below provides a snapshot of their recent ratings, showcasing how sentiments have evolved over the past 30 days and comparing them to the preceding months.
| Bullish | Somewhat Bullish | Indifferent | Somewhat Bearish | Bearish | |
|---|---|---|---|---|---|
| Total Ratings | 5 | 7 | 6 | 0 | 0 |
| Last 30D | 1 | 2 | 0 | 0 | 0 |
| 1M Ago | 0 | 1 | 0 | 0 | 0 |
| 2M Ago | 2 | 3 | 2 | 0 | 0 |
| 3M Ago | 2 | 1 | 4 | 0 | 0 |
Analysts have set 12-month price targets for Corning, revealing an average target of $46.78, a high estimate of $55.00, and a low estimate of $39.00. Surpassing the previous average price target of $42.39, the current average has increased by 10.36%.
Analyzing Analyst Ratings: A Detailed Breakdown
The perception of Corning by financial experts is analyzed through recent analyst actions. The following summary presents key analysts, their recent evaluations, and adjustments to ratings and price targets.
| Analyst | Analyst Firm | Action Taken | Rating | Current Price Target | Prior Price Target |
|---|---|---|---|---|---|
| Martin Yang | Oppenheimer | Raises | Outperform | $51.00 | $47.00 |
| Wamsi Mohan | B of A Securities | Raises | Buy | $51.00 | $46.00 |
| Mehdi Hosseini | Susquehanna | Raises | Positive | $55.00 | $46.00 |
| John Roberts | Mizuho | Raises | Outperform | $47.00 | $44.00 |
| Tim Long | Barclays | Raises | Equal-Weight | $40.00 | $36.00 |
| Martin Yang | Oppenheimer | Lowers | Outperform | $47.00 | $50.00 |
| Mehdi Hosseini | Susquehanna | Raises | Positive | $46.00 | $40.00 |
| Wamsi Mohan | B of A Securities | Lowers | Buy | $46.00 | $47.00 |
| Matthew Niknam | Deutsche Bank | Maintains | Buy | $46.00 | $46.00 |
| Samik Chatterjee | JP Morgan | Raises | Overweight | $55.00 | $47.00 |
| Meta Marshall | Morgan Stanley | Maintains | Equal-Weight | $39.00 | $39.00 |
| Asiya Merchant | Citigroup | Raises | Buy | $51.00 | $45.00 |
| Martin Yang | Oppenheimer | Raises | Outperform | $50.00 | $40.00 |
| Joshua Spector | UBS | Raises | Neutral | $44.00 | $38.00 |
| Matthew Niknam | Deutsche Bank | Raises | Hold | $46.00 | $39.00 |
| Jim Kelleher | Argus Research | Raises | Buy | $50.00 | $40.00 |
| Meta Marshall | Morgan Stanley | Raises | Equal-Weight | $39.00 | $38.00 |
| Matthew Niknam | Deutsche Bank | Raises | Hold | $39.00 | $35.00 |
Key Insights:
- Action Taken: Analysts frequently update their recommendations based on evolving market conditions and company performance. Whether they 'Maintain', 'Raise' or 'Lower' their stance, it reflects their reaction to recent developments related to Corning. This information provides a snapshot of how analysts perceive the current state of the company.
- Rating: Providing a comprehensive analysis, analysts offer qualitative assessments, ranging from 'Outperform' to 'Underperform'. These ratings reflect expectations for the relative performance of Corning compared to the broader market.
- Price Targets: Delving into movements, analysts provide estimates for the future value of Corning's stock. This analysis reveals shifts in analysts' expectations over time.
Considering these analyst evaluations in conjunction with other financial indicators can offer a comprehensive understanding of Corning's market position. Stay informed and make well-informed decisions with our Ratings Table.
Stay up to date on Corning analyst ratings.
Get to Know Corning Better
Corning is a leader in materials science, specializing in the production of glass, ceramics, and optical fiber. The firm supplies its products for a wide range of applications, from flat-panel displays in televisions to gasoline particulate filters in automobiles to optical fiber for broadband access, with a leading share in many of its end markets.
Key Indicators: Corning's Financial Health
Market Capitalization Analysis: The company's market capitalization surpasses industry averages, showcasing a dominant size relative to peers and suggesting a strong market position.
Revenue Growth: Corning's revenue growth over a period of 3 months has been noteworthy. As of 30 June, 2024, the company achieved a revenue growth rate of approximately 0.25%. This indicates a substantial increase in the company's top-line earnings. When compared to others in the Information Technology sector, the company excelled with a growth rate higher than the average among peers.
Net Margin: Corning's net margin is impressive, surpassing industry averages. With a net margin of 3.2%, the company demonstrates strong profitability and effective cost management.
Return on Equity (ROE): Corning's ROE excels beyond industry benchmarks, reaching 0.95%. This signifies robust financial management and efficient use of shareholder equity capital.
Return on Assets (ROA): Corning's ROA stands out, surpassing industry averages. With an impressive ROA of 0.38%, the company demonstrates effective utilization of assets and strong financial performance.
Debt Management: The company faces challenges in debt management with a debt-to-equity ratio higher than the industry average. With a ratio of 0.77, caution is advised due to increased financial risk.
What Are Analyst Ratings?
Experts in banking and financial systems, analysts specialize in reporting for specific stocks or defined sectors. Their comprehensive research involves attending company conference calls and meetings, analyzing financial statements, and engaging with insiders to generate what are known as analyst ratings for stocks. Typically, analysts assess and rate each stock once per quarter.
Analysts may enhance their evaluations by incorporating forecasts for metrics like growth estimates, earnings, and revenue, delivering additional guidance to investors. It is vital to acknowledge that, although experts in stocks and sectors, analysts are human and express their opinions when providing insights.
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This article was generated by Benzinga's automated content engine and reviewed by an editor.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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