Corning Incorporated (NYSE:GLW) registered a 0.49% increase, still its new closing price is 56.26% up from the company’s 1 year high of 26.99.It posted 7.62% gains in previous 5 sessions and is now the subject of 8 analysts who together assign a hold rating on stock. 1 of Wall Street analysts have an underperform rating; the 1 sells versus 6 buy or better ratings. The 19 stock analysts following this company have an average price target at $26.38, with individual PT in the $14.50-$31.00 range. The shares moved at $26.68, implying that brokerage firms see shares gaining about 52.17% in twelve months time.
Corning Incorporated (GLW) SEC Form 4 News
The stock is getting much attention these days as insiders are offloading shares while they posted a 9.93% rise year to date. A Senior VP & Treasurer at Corning Incorporated (GLW) offloaded shares in a transaction closed on Wednesday January 25, 2017. ROGUS MARK S sold 18,000 shares in the company at $26.72 each and collected $480,001 in proceeds. ROGUS MARK S now owns 90,355 shares in the company after this transaction. A Exec VP, Corning Tech. & Intl. in the company, Musser Eric S, disclosed a transaction on Wednesday January 25, 2017 that ended up generating $991,001 from the sale of 37,242 shares at $26.63 per share.
Corning Incorporated (NYSE:GLW) Upcoming Results on Tap
Corning Incorporated will next provide financial results for the March 2017 quarter. Stock analysts expect it to report per-share earnings of $0.35 in that period. Sales during the quarter are predicted to arrive at $2.37 billion.
Earnings surprise history: Last quarter, the company posted approximately $2.55 billion in revenue and EPS of $0.50. The mean forecast was for $2.5 billion and $0.44 a share, respectively. One quarter earlier, revenue for the stock was at $2.55 billion, with earnings at $0.42/share.
Corning Incorporated (GLW) Brokerage Update
Corning Incorporated (GLW) is in BofA/Merrill’s research list so their analyst rating change is noteworthy. These shares were upgraded to Neutral from Underperform by BofA/Merrill, according to news reported on Tuesday January 24, 2017.Another important research note was issued by Standpoint Research on Monday June 13, 2016.The firm downgraded GLW to Hold from Buy. Over the last six months and over the last three months, the shares of Corning Incorporated (GLW), have changed 21.11% and 16.57%, respectively.