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

The company in question is, Corning Incorporated (NYSE:GLW) currently with a stock price of 23.39 (0.82% today). The market cap for Corning Incorporated is 24770.01, and is in the sector Technology, and Diversified Electronics industry. The target price for Corning Incorporated is 22.57. Currently Corning Incorporated is trading with a P/E of 12.84, and a forward P/E of 14.38. Average volume for Corning Incorporated is 9398.17 and so far today it is 6740300.

Performance in the last year for Corning Incorporated has been 42.53%. For EPS growth, Corning Incorporated has seen a growth of -42.40%, and is looking to grow in the next year to 14.82%. More long term stats show that EPS growth has been -15.00% over the last five years and could be 15.00% for the next five years. Corning Incorporated has seen sales growth quarter over quarter at 0.70%, with EPS growth quarter over quarter at 410.50%. The 20-day simple moving average is 2.08%, with the 200-day simple moving average coming to 15.43%.

Since the IPO date for Corning Incorporated on the 12/31/1981, Corning Incorporated has seen performance year to date to be 30.54%. With Corning Incorporated trading at 23.39, the dividend yield is 2.31%, and the EPS is 1.82.

So could Corning Incorporated, be undervalued? Well as said before P/E is 12.84. The PEG is 0.86, P/S is 2.78 and the P/B is at 1.43. The P/cash is *TBA, with P/free cash flow at 84.54.

Corning Incorporated ability to deal with debt shows that the current ratio is 4.4, and the quick ratio is 3.8. This is with long term debt/equity at 0.23, and total debt/equity at 0.24.

In terms of margins, Corning Incorporated has a gross margin of 38.90%, an operating margin of 10.10% and a profit margin of 24.40%.Payout ratio for Corning Incorporated is 25.10%. Return on assets come to 7.50% with return on investment coming to 5.60%.

Insider ownership for Corning Incorporated, is at 0.10% and institutional ownership comes to 76.90%. Outstanding shares are at 1059. While shares float is 1032.43. The float short is currently 5.28%, and short ratio is 5.8.

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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