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A look at a High Market Cap Stock: Corning Inc., GLW

Corning Inc., GLW is in the exchange NYSE and its industry is Diversified Electronics in the sector of Technology. Based in USA, Corning Inc., GLW  has a market cap of 22023.17. Since its IPO date on the 12/31/1981, Corning Inc., GLW performance year to date is 12.56%. Today Corning Inc., GLW has gained -2.12%, with a current price of 19.86.

Ownership of the company is 0.20% for insider ownership while institutional ownership is 76.90%. The management of the company have seen the company have a payout ratio of 140.90%. Return of assets are at 1.60%, with return on investment at 5.60%.

In terms of debt levels and profit levels, Corning Inc., GLW is seeing a long-term debt/equity of 0.25. While Total debt/equity is 0.28. With a profit margin of 5.30%, this is combined with a gross margin of 39.20%, and operating margin of 12.20%. Corning Inc. ability to meet debt levels, with a current ratio of 2.8, while the quick ratio is 2.2.

For the last year Corning Inc., GLW has seen a EPS growth of -42.40%. A performance for the year of 5.89%. The 52-week high is -6.76%, and the 52-week low is 32.41%. The average volume for Corning Inc., GLW is 1652569.

With a target price of 20.86, can Corning Inc., GLW reach this target? Looking at the value indicators of Corning Inc., GLW. Corning Inc. has a P/E of 60.21 and a forward P/E of 12.98. Perhaps the more useful indicator than P/E, is PEG which has a value of 4.53. Corning Inc. also has a P/S and a P/B of 2.48 and 1.43 respectively. For P/cash, Corning Inc. has a value of *TBA, while it is 83.74 for P/free cash flow.

At the current price of 19.86, Corning Inc. has a dividend yield of 2.66%. We see a return on equity of 2.70%.

Looking more long-term Corning Inc., is projected to get an EPS growth for the next five years of 13.30%. In the short-term an EPS growth of 15.27% in the next year is forecasted. This is after a EPS growth of -42.40% for this year and for the last five years a -15.00% growth has been seen.

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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Peter Clarke

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