Corning Incorporated (NYSE:GLW)‘s stock had its “buy” rating restated by investment analysts at Susquehanna in a research report issued on Tuesday, MarketBeat.Com reports.

In other Corning news, SVP Lewis A. Steverson sold 28,437 shares of the business’s stock in a transaction dated Tuesday, December 15th. The shares were sold at an average price of $17.99, for a total value of $511,581.63. Following the transaction, the senior vice president now directly owns 51,903 shares in the company, valued at approximately $933,734.97. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

Shares of Corning (NYSE:GLW) traded up 1.13% during mid-day trading on Tuesday, reaching $17.91. 16,551,444 shares of the company’s stock traded hands. Corning has a 12-month low of $15.42 and a 12-month high of $25.16. The company’s 50-day moving average price is $17.72 and its 200-day moving average price is $17.89. The stock has a market capitalization of $21.19 billion and a PE ratio of 11.71.

Corning (NYSE:GLW) last released its quarterly earnings data on Tuesday, January 26th. The glassware maker reported $0.34 earnings per share for the quarter, beating analysts’ consensus estimates of $0.32 by $0.02. The firm earned $2.40 billion during the quarter, compared to analysts’ expectations of $2.33 billion. The firm’s quarterly revenue was down 4.0% on a year-over-year basis. During the same period in the previous year, the firm posted $0.45 EPS. Analysts anticipate that Corning will post $1.37 earnings per share for the current year.

Other institutional investors have recently bought and sold shares of the company. Ken Stern & Associates raised its position in Corning by 21.0% in the third quarter. Ken Stern & Associates now owns 14,653 shares of the glassware maker’s stock valued at $251,000 after buying an additional 2,544 shares during the last quarter. Ken Stern & Associates Inc. raised its position in Corning by 2.4% in the fourth quarter. Ken Stern & Associates Inc. now owns 15,000 shares of the glassware maker’s stock valued at $274,000 after buying an additional 347 shares during the last quarter. Mizuho Asset Management Co. Ltd. raised its position in Corning by 8.8% in the fourth quarter. Mizuho Asset Management Co. Ltd. now owns 15,083 shares of the glassware maker’s stock valued at $276,000 after buying an additional 1,222 shares during the last quarter. Benedict Financial Advisors Inc. raised its position in Corning by 6.2% in the fourth quarter. Benedict Financial Advisors Inc. now owns 15,110 shares of the glassware maker’s stock valued at $276,000 after buying an additional 878 shares during the last quarter. Finally, Leavell Investment Management Inc. raised its position in Corning by 28.4% in the fourth quarter. Leavell Investment Management Inc. now owns 15,155 shares of the glassware maker’s stock valued at $277,000 after buying an additional 3,355 shares during the last quarter.

GLW has been the subject of a number of other research reports. Deutsche Bank reaffirmed a “buy” rating on shares of Corning in a report on Wednesday, January 13th. Zacks Investment Research cut shares of Corning from a “hold” rating to a “sell” rating in a report on Tuesday, September 29th. Vetr raised shares of Corning from a “buy” rating to a “strong-buy” rating and set a $20.04 price objective for the company in a report on Wednesday, October 7th. Barclays reaffirmed a “buy” rating on shares of Corning in a report on Wednesday, September 30th. Finally, Jefferies Group reaffirmed a “hold” rating and issued a $21.00 price objective (up previously from $19.75) on shares of Corning in a report on Thursday, December 3rd. Three analysts have rated the stock with a sell rating, ten have issued a hold rating and seven have given a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average price target of $20.55.

Corning Incorporated (NYSE:GLW) is engaged in the manufacture of specialty glass and ceramics. The Company creates and makes keystone components that enable systems for consumer electronics, mobile emissions control, optical communications and life sciences. Corning operates in five segments: Display Technologies, which manufactures glass substrates; Optical Communications, which is engaged in providing optical solutions; Environmental Technologies, which manufactures ceramic substrates and filter products; Specialty Materials, which manufactures products that provide more than 150 material formulations for glass, glass ceramics and fluoride crystals, and Life Sciences segment, which is a developer, manufacturer and supplier of scientific laboratory products. The Company manufactures and processes products at approximately 90 plants in 17 countries.

12 Month Chart for NYSE:GLW

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