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

Corning Incorporated, GLW is in the exchange NYSE and its industry is Diversified Electronics in the sector of Technology. Based in USA, Corning Incorporated, GLW  has a market cap of 24190.41. Since its IPO date on the 12/31/1981, Corning Incorporated, GLW performance year to date is 30.20%. Today Corning Incorporated, GLW has gained 1.43%, with a current price of 23.33.

Ownership of the company is 0.10% for insider ownership while institutional ownership is 77.20%. The management of the company have seen the company have a payout ratio of 25.10%. Return of assets are at 7.50%, with return on investment at 5.60%.

In terms of debt levels and profit levels, Corning Incorporated, GLW is seeing a long-term debt/equity of 0.23. While Total debt/equity is 0.24. With a profit margin of 24.40%, this is combined with a gross margin of 38.90%, and operating margin of 10.10%. Corning Incorporated ability to meet debt levels, with a current ratio of 4.4, while the quick ratio is 3.8.

For the last year Corning Incorporated, GLW has seen a EPS growth of -42.40%. A performance for the year of 46.51%. The 52-week high is 0.43%, and the 52-week low is 47.59%. The average volume for Corning Incorporated, GLW is 9113000.

With a target price of 21.96, can Corning Incorporated, GLW reach this target? Looking at the value indicators of Corning Incorporated, GLW. Corning Incorporated has a P/E of 12.8 and a forward P/E of 14.36. Perhaps the more useful indicator than P/E, is PEG which has a value of 0.85. Corning Incorporated also has a P/S and a P/B of 2.71 and 1.43 respectively. For P/cash, Corning Incorporated has a value of *TBA, while it is 82.56 for P/free cash flow.

At the current price of 23.33, Corning Incorporated has a dividend yield of 2.31%. We see a return on equity of 13.00%.

Looking more long-term Corning Incorporated, is projected to get an EPS growth for the next five years of 15.00%. In the short-term an EPS growth of 14.12% 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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Tony Dabbs

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