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Is this Large Market Cap Stock target price reasonable for Corning Inc. (NYSE:GLW)?

The company in question is, Corning Inc. (NYSE:GLW) currently with a stock price of 20.9 (-3.73% today). The market cap for Corning Inc. is 23946.13, and is in the sector Technology, and Diversified Electronics industry. The target price for Corning Inc. is 20.86. Currently Corning Inc. is trading with a P/E of 64.42, and a forward P/E of 13.89. Average volume for Corning Inc. is 8153.48 and so far today it is 9427925.

Performance in the last year for Corning Inc. has been 20.98%. For EPS growth, Corning Inc. has seen a growth of -42.40%, and is looking to grow in the next year to 15.27%. More long term stats show that EPS growth has been -15.00% over the last five years and could be 13.30% for the next five years. Corning Inc. has seen sales growth quarter over quarter at -9.60%, with EPS growth quarter over quarter at -221.70%. The 20-day simple moving average is 2.00%, with the 200-day simple moving average coming to 10.19%.

Since the IPO date for Corning Inc. on the 12/31/1981, Corning Inc. has seen performance year to date to be 20.44%. With Corning Inc. trading at 20.9, the dividend yield is 2.49%, and the EPS is 0.34.

So could Corning Inc., be undervalued? Well as said before P/E is 64.42. The PEG is 4.84, P/S is 2.69 and the P/B is at 1.53. The P/cash is *TBA, with P/free cash flow at 91.05.

Corning Inc. ability to deal with debt shows that the current ratio is 2.8, and the quick ratio is 2.2. This is with long term debt/equity at 0.25, and total debt/equity at 0.28.

In terms of margins, Corning Inc. has a gross margin of 39.20%, an operating margin of 12.20% and a profit margin of 5.30%.Payout ratio for Corning Inc. is 140.90%. Return on assets come to 1.60% with return on investment coming to 5.60%.

Insider ownership for Corning Inc., is at 0.20% and institutional ownership comes to 76.60%. Outstanding shares are at 1103. While shares float is 1072.62. The float short is currently 1.99%, and short ratio is 2.61.

Disclaimer: Remember there is a risk to your investment, this is not a recommendation, nor personal advice, never invest more than you are able too loose.

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Stephen Butters

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