Here's Why Corning (GLW) is a Strong Value Stock
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Taking full advantage of the stock market and investing with confidence are common goals for new and old investors alike.
Many investors also have a go-to methodology that helps guide their buy and sell decisions. One way to find winning stocks based on your preferred way of investing is to use the Zacks Style Scores, which are indicators that rate stocks based on three widely-followed investing types: value, growth, and momentum.
Why Investors Should Pay Attention to This Value Stock
Finding good stocks at good prices, and discovering which companies are trading under their true value, are what value investors like to focus on. So, the Value Style Score takes into account ratios like P/E, PEG, Price/Sales, and Price/Cash Flow to highlight the most attractive and discounted stocks.
Corning (GLW)
New York-based Corning Incorporated started out as a glass business that was reincorporated in 1936. The company has since developed its glass technologies to produce advanced glass substrates that are used in a large number of applications across multiple markets. Corning reports results under six operating segments.
GLW boasts a Value Style Score of B and VGM Score of B, and holds a Zacks Rank #2 (Buy) rating. Shares of Corning are trading at a forward earnings multiple of 24.9X, as well as a PEG Ratio of 1.6, a Price/Cash Flow ratio of 14.6X, and a Price/Sales ratio of 3.3X.
Many value investors pay close attention to a company's earnings as well. For GLW, five analysts revised their earnings estimate upwards in the last 60 days, and the Zacks Consensus Estimate has increased $0.04 to $1.95 per share for 2024. Per share GLW boasts an average earnings surprise of 2.3%.
Investors should take the time to consider GLW for their portfolios due to its solid Zacks Ranks, notable earnings and valuation metrics, and impressive Value and VGM Style Scores.
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Corning Incorporated (GLW) : Free Stock Analysis Report