Economy

Analyst Ratings to Find Potential Candidates: MetLife, Inc. (MET), Corning Incorporated (GLW)

Ifrah holds 0.16% in Corning Incorporated (NYSE:GLW) or 15,993 shares. The company recorded a rise in short interest of 34.85% as of August 15, 2017 from the last reporting period. About 4.57M shares traded.

Corning (NYSE GLW) transacted up 0.52% throughout intraday market trading on Early Thur, reaching $28.73. Corning has a 12-month low of $17.61 and a 12-month high of $26.99. The company has a market cap of $25.40 billion, a P/E ratio of 13.61 and a beta of 1.36. The corporation has a 50 day SMA of $29.32 and a two hundred SMA of $28.78.

Corning (NYSE:GLW) last released its earnings results on Wednesday, July 26th. In the latest earnings report the EPS was $2.24 and is projected to be $1.71 for the current year with 903,183,000 shares now outstanding. Corning had a net margin of 24.16% and a return on equity of 11.67%. The company had revenue of $2.59 billion for the quarter, compared to analyst estimates of $2.54 billion. During the same quarter previous year, the company posted $0.37 earnings per share. Tradewinds Cap Limited Liability Co has 0.03% invested in Corning Incorporated (NYSE:GLW) for 1,879 shares.

The business also recently announced a quarterly dividend, which will be paid on Friday, March 31st. The short-interest ratio increased to 4.0 and the percentage of shorted shares is 0.03% as of August 15. Zacks upgraded Cosan Ltd (USA) (NYSE:CZZ) on Tuesday, August 25 to "Sell" rating. This represents a $0.62 dividend on an annualized basis and a yield of 2.17%.

GLW has been the topic of a number of other research reports. Susquehanna maintained the shares of GLW in report on Friday, July 14 with "Buy" rating. The firm has "Sell" rating by Drexel Hamilton given on Wednesday, July 26. BidaskClub downgraded shares of Corning from a "buy" rating to a "hold" rating in a research note on Saturday, August 19th.

Janus Capital Group Inc. provides investment management, administration, distribution and related services to financial advisors, individuals and institutional clients through mutual funds, separate accounts, other pooled investment vehicles, exchange-traded products and subadvised relationships (collectively referred to as investment products) in both domestic and worldwide markets. (The) downgraded Corning from a "neutral" rating to a "sell" rating and reduced their price objective for the stock from $29.00 to $26.00 in a research report on Tuesday, August 15th. Corning now has a consensus rating of "Hold" and an average target price of $28.21.

In other news, VP Christine M. Pambianchi sold 33,000 shares of the stock in a transaction dated Tuesday, August 29th. Ferrero Lisa sold $1.64M worth of stock or 56,500 shares. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. The shares were sold at an average price of $28.53, for a total value of $1,334,148.39. Following the transaction, the insider now directly owns 72,039 shares of the company's stock, valued at $2,055,272.67. The disclosure for this sale can be found here. In the last three months, insiders sold 234,871 shares of company stock worth $6,782,737. Holowesko Partners Ltd acquired 249,000 shares as Corning Inc (GLW)'s stock rose 5.06%. LLC boosted its position in Corning by 236.4% during the second quarter. Vanguard Group Inc. now owns 61,135,545 shares of the electronics maker's stock worth $1,650,659,000 after acquiring an additional 326,877 shares during the last quarter. The value of the investment in (GLW) increased from $38,511,000 to $40,997,000 increasing 6.5% quarter to quarter. BlackRock Inc. boosted its stake in Corning by 1,930.0% during the 1st quarter. United Bank VA now owns 70,570 shares of the electronics maker's stock worth $2,121,000 after purchasing an additional 583 shares during the period. Candriam Luxembourg S.C.A. now owns 63,997 shares of the company's stock valued at $1,311,000 after buying an additional 9,533 shares during the last quarter. Yacktman Asset Management LP owned about 0.17% of Corning worth $47,089,000 as of its most recent SEC filing.

Hedge fund investors and institutional investors have modified to their stake in the company.

ILLEGAL ACTIVITY NOTICE: This piece of content was published by TrueBlueTribune and is the sole property of of TrueBlueTribune. If you are reading this piece of content on another domain, it was copied illegally and reposted in violation of US and worldwide trademark and copyright legislation. $898,445 worth of Corning Incorporated (NYSE:GLW) was sold by Morse David L on Monday, May 8. The Company provides glass for notebook computers, flat panel desktop monitors, liquid crystal display (LCD) televisions, and other information display applications; carrier network and enterprise network products for the telecommunications industry; ceramic substrates for gasoline and diesel engines in automotive and heavy duty vehicle markets; laboratory products for the scientific community and specialized polymer products for biotechnology applications; optical materials for the semiconductor industry and the scientific community, and other technologies.



Like this

loading...
loading...

Latest


11 September 2017
Khoza 'playing to the gallery' in ditching hearing - Mantashe
She has publically stated that she supported a recent parliamentary motion of no confidence in President Jacob Zuma. So he pleaded for an extension which we believe was logical.

10 September 2017
Group ignores protest ban, plans rally at Richmond Confederate statue
Terry McAuliffe on the heels of deadly violence that broke out August 12 at rally over a Lee statue in Charlottesville, Virginia . Richmond police are aware of the event but have not yet commented publicly on how the department will handle it.

10 September 2017
Pfizer, Inc. (PFE) Stake Boosted by Holderness Investments Co
Pfizer, Inc. has a one year low of $29.83 and a one year high of $34.75. (NYSE:PFE) on Friday, August 14 with "Buy" rating. The stock increased 0.31% or $0.1 on September 8, reaching $34.1. 15,442,446 shares of the company's stock were exchanged.

10 September 2017
Gov. Henry McMaster: No South Carolina coastal evacuations yet
NCDOT crews are checking supplies and equipment to make sure everything is stocked and in good working order, the release states. Minnis says emergency personnel may not be available to rescue them when the storm is at its height between Thursday and Friday.

10 September 2017
Grupo Financiero Galicia SA
Grupo Financiero Galicia S.A. (ADR) (GGAL) formed double top with $49.53 target or 7.00% above today's $46.29 share price. Banco de Galicia y Buenos Aires S.A. (Banco Galicia or the Bank ), a full-service bank, is a subsidiary of the Company.

10 September 2017
Kentucky Guardsmen deploy for Hurricane Irma response operations
The soldiers spent more than a week in Texas after parts of the state dealt with catastrophic flooding from the hurricane. In addition, NORTHCOM established logistics bases in Alabama, North Carolina, New Jersey, Virginia and Georgia.

10 September 2017
Consolidated Edison, Inc. (ED) Reaches 52-Week High
In the most updated research from a number of analysts on Wall Street, the company gets 0 Buys and 5 Sell among 15 analysts. On Friday, March 31 Muccilo Robert bought $6,334 worth of Consolidated Edison, Inc. (NYSE:ED) rating on Thursday, July 14.

10 September 2017
LaLiga: Barcelona hopeful Lionel Messi contract is signed soon
If we let time pass a little, we will see things differently. "The people that have had to explain things have not done it well. News has come out which isn't real and these things do damage and create unpleasant situations".

10 September 2017
Trump embraces Democrats on debt ceiling, immigration
Mnuchin argued that financial markets would prefer a deal to push the next deadline out 18 months, past the midterm election. The policy applied to people who are in the US illegally because they were brought across the border as children.

10 September 2017
Browns' season begins with a blocked punt, Steelers touchdown
The 4-yard TD reception came after a drive that included two long pass plays from Roethlisberger to Antonio Brown. What it means for the Browns: 2017 was supposed to build off last season's 1-15 campaign.