In the preceding three months, 22 analysts have released ratings for Corning GLW, presenting a wide array of perspectives from bullish to bearish.
The table below offers a condensed view of their recent ratings, showcasing the changing sentiments over the past 30 days and comparing them to the preceding months.
| Bullish | Somewhat Bullish | Indifferent | Somewhat Bearish | Bearish | |
|---|---|---|---|---|---|
| Total Ratings | 6 | 7 | 9 | 0 | 0 |
| Last 30D | 0 | 1 | 0 | 0 | 0 |
| 1M Ago | 2 | 3 | 2 | 0 | 0 |
| 2M Ago | 2 | 1 | 4 | 0 | 0 |
| 3M Ago | 2 | 2 | 3 | 0 | 0 |
The 12-month price targets, analyzed by analysts, offer insights with an average target of $44.45, a high estimate of $55.00, and a low estimate of $38.00. Marking an increase of 10.74%, the current average surpasses the previous average price target of $40.14.
Understanding Analyst Ratings: A Comprehensive Breakdown
A comprehensive examination of how financial experts perceive Corning is derived from recent analyst actions. The following is a detailed summary of key analysts, their recent evaluations, and adjustments to ratings and price targets.
| Analyst | Analyst Firm | Action Taken | Rating | Current Price Target | Prior Price Target |
|---|---|---|---|---|---|
| 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 |
| Asiya Merchant | Citigroup | Raises | Buy | $45.00 | $38.00 |
| John Roberts | Mizuho | Raises | Neutral | $42.00 | $36.00 |
| Steve Fox | Fox Advisors | Announces | Overweight | $45.00 | - |
| Wamsi Mohan | B of A Securities | Raises | Buy | $42.00 | $38.00 |
| Meta Marshall | Morgan Stanley | Raises | Equal-Weight | $38.00 | $35.00 |
| Joshua Spector | UBS | Raises | Neutral | $38.00 | $35.00 |
| Samik Chatterjee | JP Morgan | Raises | Overweight | $43.00 | $37.00 |
Key Insights:
- Action Taken: Analysts adapt their recommendations to changing market conditions and company performance. Whether they 'Maintain', 'Raise' or 'Lower' their stance, it reflects their response to recent developments related to Corning. This information provides a snapshot of how analysts perceive the current state of the company.
- Rating: Analyzing trends, analysts offer qualitative evaluations, ranging from 'Outperform' to 'Underperform'. These ratings convey expectations for the relative performance of Corning compared to the broader market.
- Price Targets: Analysts navigate through adjustments in price targets, providing estimates for Corning's future value. Comparing current and prior targets offers insights into analysts' evolving expectations.
To gain a panoramic view of Corning's market performance, explore these analyst evaluations alongside essential financial indicators. Stay informed and make judicious decisions using 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.
Corning's Financial Performance
Market Capitalization: Boasting an elevated market capitalization, the company surpasses industry averages. This signals substantial size and strong market recognition.
Revenue Growth: Corning's remarkable performance in 3 months is evident. As of 30 June, 2024, the company achieved an impressive revenue growth rate of 0.25%. This signifies 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: The company's net margin is a standout performer, exceeding industry averages. With an impressive net margin of 3.2%, the company showcases strong profitability and effective cost control.
Return on Equity (ROE): Corning's ROE surpasses industry standards, highlighting the company's exceptional financial performance. With an impressive 0.95% ROE, the company effectively utilizes 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: Corning's debt-to-equity ratio is notably higher than the industry average. With a ratio of 0.77, the company relies more heavily on borrowed funds, indicating a higher level of financial risk.
The Core of Analyst Ratings: What Every Investor Should Know
Within the domain of banking and financial systems, analysts specialize in reporting for specific stocks or defined sectors. Their work involves attending company conference calls and meetings, researching company financial statements, and communicating with insiders to publish "analyst ratings" for stocks. Analysts typically 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.
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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