Corning's (GLW) Hold (C+) Rating Reaffirmed at Weiss Ratings

Key Points

• Corning's stock rating has been reaffirmed as "hold (C+)" by Weiss Ratings, indicating cautious investor sentiment.
• Analysts have raised target prices for Corning, with Citigroup increasing its target from $72.00 to $93.00 and JPMorgan Chase raising it from $62.00 to $65.00.
• Corning reported earnings of $0.60 per share, beating expectations, and set Q3 2025 guidance between $0.630-$0.670 EPS.

Corning (NYSE:GLW - Get Free Report)'s stock had its "hold (c+)" rating reiterated by investment analysts at Weiss Ratings in a note issued to investors on Wednesday,Weiss Ratings reports.

Several other equities research analysts also recently weighed in on the company. JPMorgan Chase & Co. raised their price objective on Corning from $62.00 to $65.00 and gave the company an "overweight" rating in a report on Friday, July 25th. Citigroup lifted their target price on Corning from $72.00 to $93.00 and gave the stock a "buy" rating in a report on Wednesday, September 24th. Oppenheimer reaffirmed an "outperform" rating and set a $72.00 target price (up from $55.00) on shares of Corning in a report on Wednesday, July 30th. Barclays lifted their target price on Corning from $52.00 to $65.00 and gave the stock an "equal weight" rating in a report on Wednesday, July 30th. Finally, Morgan Stanley set a $56.00 target price on Corning and gave the stock an "equal weight" rating in a report on Wednesday, July 30th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $71.42.

Corning Price Performance

Shares of GLW traded up $1.26 during midday trading on Wednesday, hitting $86.32. The company's stock had a trading volume of 1,534,286 shares, compared to its average volume of 6,153,239. Corning has a one year low of $37.31 and a one year high of $86.33. The company's fifty day simple moving average is $71.80 and its two-hundred day simple moving average is $56.47. The company has a quick ratio of 0.93, a current ratio of 1.50 and a debt-to-equity ratio of 0.58. The stock has a market capitalization of $73.94 billion, a price-to-earnings ratio of 91.75, a price-to-earnings-growth ratio of 1.90 and a beta of 1.14.

Corning (NYSE:GLW - Get Free Report) last issued its quarterly earnings results on Tuesday, July 29th. The electronics maker reported $0.60 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.57 by $0.03. Corning had a return on equity of 17.27% and a net margin of 5.77%.The company had revenue of $3.86 billion for the quarter, compared to analyst estimates of $3.84 billion. During the same quarter last year, the company posted $0.47 EPS. Corning has set its Q3 2025 guidance at 0.630-0.670 EPS. As a group, equities analysts expect that Corning will post 2.33 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, SVP Jaymin Amin sold 17,721 shares of the business's stock in a transaction dated Wednesday, September 17th. The stock was sold at an average price of $77.18, for a total value of $1,367,706.78. Following the completion of the sale, the senior vice president directly owned 88,722 shares of the company's stock, valued at $6,847,563.96. The trade was a 16.65% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, SVP Michael Paul O'day sold 14,879 shares of the business's stock in a transaction dated Wednesday, July 30th. The shares were sold at an average price of $62.36, for a total value of $927,854.44. Following the completion of the sale, the senior vice president directly owned 35,743 shares of the company's stock, valued at $2,228,933.48. The trade was a 29.39% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 181,671 shares of company stock worth $11,816,899 over the last three months. Insiders own 0.32% of the company's stock.

Institutional Trading of Corning

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in GLW. Parkside Financial Bank & Trust increased its position in shares of Corning by 3.1% during the second quarter. Parkside Financial Bank & Trust now owns 5,296 shares of the electronics maker's stock valued at $278,000 after acquiring an additional 158 shares during the last quarter. Groupe la Francaise increased its position in shares of Corning by 8.2% during the second quarter. Groupe la Francaise now owns 2,284 shares of the electronics maker's stock valued at $120,000 after acquiring an additional 173 shares during the last quarter. Empirical Finance LLC increased its position in shares of Corning by 0.7% during the second quarter. Empirical Finance LLC now owns 27,043 shares of the electronics maker's stock valued at $1,422,000 after acquiring an additional 184 shares during the last quarter. Zions Bancorporation National Association UT increased its position in shares of Corning by 3.3% during the second quarter. Zions Bancorporation National Association UT now owns 5,746 shares of the electronics maker's stock valued at $302,000 after acquiring an additional 185 shares during the last quarter. Finally, Forte Capital LLC ADV increased its position in shares of Corning by 2.4% during the second quarter. Forte Capital LLC ADV now owns 7,973 shares of the electronics maker's stock valued at $419,000 after acquiring an additional 190 shares during the last quarter. 69.80% of the stock is owned by institutional investors.

About Corning

Corning Incorporated engages in the display technologies, optical communications, environmental technologies, specialty materials, and life sciences businesses in the United States and internationally. The company's Display Technologies segment offers glass substrates for flat panel displays, including liquid crystal displays and organic light-emitting diodes that are used in televisions, notebook computers, desktop monitors, tablets, and handheld devices.

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