Here's How Corning Incorporated Crushed It in 2017
Shares of Corning (NYSE: GLW) rallied 31% this year, easily outperforming the S&P 500's 18% gain. The specialty glass and ceramics maker, perhaps best known as the maker of Gorilla Glass for mobile devices, rode high on six straight quarters of top and bottom line beats.
Analysts expect that momentum to continue, with 7% sales growth and 11% earnings growth this year. Corning also still looks surprisingly cheap at 14 times earnings, versus the industry average P/E of 18 for makers of electronic components. It also pays a decent forward dividend yield of 2%, which is supported by a low payout ratio of 26%.
Image source: Apple.
Source: Fool.com
Corning Inc. Stock
€36.00
3.480%
With 10 Buy predictions and only 2 Sell predictions the community sentiment for the stock is positive.
With a current price of 36.0 € Corning Inc. is right around the predicted target price of 36 €.
