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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 22.88 (1.06% today). The market cap for Corning Inc. is 23975.76, and is in the sector Technology, and Diversified Electronics industry. The target price for Corning Inc. is 21.54. Currently Corning Inc. is trading with a P/E of 12.43, and a forward P/E of 14.03. Average volume for Corning Inc. is 8898.56 and so far today it is 2528804.

Performance in the last year for Corning Inc. has been 27.47%. For EPS growth, Corning Inc. has seen a growth of -42.40%, and is looking to grow in the next year to 13.58%. 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 Inc. 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 9.21%, with the 200-day simple moving average coming to 19.23%.

Since the IPO date for Corning Inc. on the 12/31/1981, Corning Inc. has seen performance year to date to be 25.60%. With Corning Inc. trading at 22.88, the dividend yield is 2.39%, and the EPS is 1.82.

So could Corning Inc., be undervalued? Well as said before P/E is 12.43. The PEG is 0.83, P/S is 2.69 and the P/B is at 1.39. The P/cash is *TBA, with P/free cash flow at 81.83.

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

Insider ownership for Corning Inc., is at 0.20% and institutional ownership comes to 79.70%. Outstanding shares are at 1059. While shares float is 1034.15. The float short is currently 2.36%, and short ratio is 2.75.

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.

About the author

Mark Hines

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