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

Latest


10 September 2017
Danny Welbeck at the double as Arsenal beat Bournemouth
Arsene Wenger couldn't single out a bad performance from his Arsenal players following their 3-0 win over Bournemouth . Danny Welbeck has finally scored a couple of times in an English Premier League match for Arsenal .

10 September 2017
Lennar Corporation (LEN) Stake Boosted by Alliancebernstein LP
Blackrock Fund Advsr has 6.16 million shares for 0.05% of their portfolio. 300 are held by Hanson Mcclain Inc. At present, 4 analysts recommended Holding these shares while 0 recommended sell, according to FactSet data.

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
Reese Witherspoon, Ryan Phillippe mark daughter Ava's 18th birthday on Instagram
The Oscar winner's daughter, Ava, turned 18 on Saturday and Reese honored the milestone with a sweet throwback photo of the pair. In other photo tributes Ryan wrote: "Most attractive daughter a father could ever have", and "Happy birthday, punk".

10 September 2017
KCG Holdings Inc. Has $2353000 Stake in Accenture PLC
Turning to Energy Transfer Partners, L.P. (NYSE:ETP), its shares were trading at $18.71 a retreat of $-0.14, on the trading floor. Asset Mngmt Inc has 8,127 shares. 17,142 were reported by Atria Invs Lc. 2,500 were accumulated by Hourglass Ltd Liability.

10 September 2017
Man arrested on suspicion of murder after stabbing
Police said they believe the offender and victim knew each other and that this was a targeted attack. Anyone wishing to remain anonymous can call the Crime Stoppers Tip Line, 408-947-STOP (7867).

10 September 2017
Astrazeneca PLC (NYSE:AZN) Stock Closed Above Its 50 Day Average
The stock of AstraZeneca plc (ADR) (NYSE: AZN ) has "Market Perform" rating given on Monday, May 2 by Leerink Swann. When we look at the Volatility of the company, Week Volatility is at 1.05% whereas Month Volatility is at 1.02%.

10 September 2017
Possible Irma impact lessened as storm shifts westward
Although that is the most likely path, a few forecast models show the hurricane could turn east, affecting the N.C. coast instead. French Prime Minister Edouard Philippe said four people were confirmed dead and about 50 injured on the French side of St.

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.



Recommended