Corning Incorporated: Analyst Rating update

At least 11 brokerage firms have recently rated Corning Incorporated (NYSE:GLW) at 2.73.

Research Analysts at Zacks have ranked the company at 3. One analyst has rated the company as strong sell, one has recommended sell, while six recommended hold. Three analysts rated the company as a strong buy.

The mean estimate for the short-term price target for Corning Incorporated stands at $20.44 according to 9 Analysts. The higher price target estimate for the stock has been calculated at $26 while the lower price target estimate is at $16.

Company has received recommendation from many analysts. Equity Analysts at the Brokerage Firm Benchmark maintain their rating of hold rating on the shares. According to the latest research report, the brokerage house lowers the price target to $17 per share from a prior target of $19.5. The rating by the firm was issued on July 29, 2015.

Shares of Corning Incorporated ended last Thursday’s session in red, amid volatile trading. The shares closed down 0.11 points or 0.6% at $18.26 with 8,624,535 shares getting traded. Post opening the session at $18.28, the shares hit an intraday low of $18.12 and an intraday high of $18.375 and the price vacillated in this range throughout the day. The company has a market cap of $22,386 million and the number of outstanding shares has been calculated to be 1,225,935,000 shares. The 52-week high is $25.16 and the 52-week low is $17.03.

The company shares have dropped 7.18% in the past 52 Weeks. On January 28, 2015 They registered one year high of $25.16 and one year low was seen on October 15, 2014 at $17.03. The 50-day moving average is $19.47 and the 200-day moving average is recorded at $21.88. S&P 500 has rallied 9.96% during the last 52-weeks.