Drexel Hamilton Reiterates a “Sell” Rating on Corning (GLW) and $17.5000 Target, Aegean Marine Petroleum Network Inc. (ANW) Had 2 Bullish Analysts

June 19, 2017 - By Michael Collier

Among 16 analysts covering Corning Incorporated (NYSE:GLW), 4 have Buy rating, 1 Sell and 11 Hold. Therefore 25% are positive. Corning Incorporated has $29 highest and $15.75 lowest target. $23.84’s average target is -18.94% below currents $29.41 stock price. Corning Incorporated had 29 analyst reports since July 30, 2015 according to SRatingsIntel. The stock of Corning Incorporated (NYSE:GLW) earned “Neutral” rating by Citigroup on Monday, April 3. The rating was maintained by Barclays Capital on Tuesday, September 29 with “Overweight”. The company was maintained on Wednesday, October 26 by Deutsche Bank. As per Friday, March 31, the company rating was downgraded by Citigroup. The stock has “Neutral” rating by Goldman Sachs on Friday, September 25. The firm has “Neutral” rating given on Tuesday, March 14 by Goldman Sachs. The firm has “Neutral” rating given on Tuesday, January 24 by Bank of America. The firm has “Buy” rating given on Monday, June 20 by Citigroup. As per Thursday, December 17, the company rating was downgraded by JP Morgan. The stock of Corning Incorporated (NYSE:GLW) has “Sell” rating given on Friday, June 10 by Drexel Hamilton.

Among 3 analysts covering Aegean Marine Petrol (NYSE:ANW), 2 have Buy rating, 0 Sell and 1 Hold. Therefore 67% are positive. Aegean Marine Petrol had 5 analyst reports since July 21, 2015 according to SRatingsIntel. The rating was downgraded by Zacks to “Hold” on Thursday, August 20. The firm has “Buy” rating by Sidoti given on Tuesday, July 21. The firm earned “Hold” rating on Wednesday, May 24 by Stifel Nicolaus. As per Thursday, May 25, the company rating was downgraded by Clarkson Capital. The firm earned “Buy” rating on Friday, June 2 by Stifel Nicolaus. See Aegean Marine Petroleum Network Inc. (NYSE:ANW) latest ratings:

02/06/2017 Broker: Stifel Nicolaus Old Rating: Hold New Rating: Buy Upgrade
25/05/2017 Broker: Clarkson Capital Old Rating: Buy New Rating: Neutral Downgrade
24/05/2017 Broker: Stifel Nicolaus Old Rating: Buy New Rating: Hold Old Target: $18.00 New Target: $9.00 Downgrade

Since January 24, 2017, it had 0 buys, and 28 insider sales for $39.44 million activity. On Thursday, June 1 the insider Kinlin Clark S sold $1.21 million. $54,158 worth of Corning Incorporated (NYSE:GLW) was sold by LANDGRAF KURT M on Tuesday, January 24. 1,000 Corning Incorporated (NYSE:GLW) shares with value of $27,682 were sold by Pambianchi Christine M. Musser Eric S had sold 23,236 shares worth $676,656 on Tuesday, May 2. Evenson Jeffrey W had sold 54,750 shares worth $1.60 million. On Monday, March 13 RIEMAN DEBORAH sold $940,648 worth of Corning Incorporated (NYSE:GLW) or 34,050 shares. 153,500 shares were sold by WEEKS WENDELL P, worth $4.54 million.

Analysts await Corning Incorporated (NYSE:GLW) to report earnings on July, 26. They expect $0.40 earnings per share, up 8.11% or $0.03 from last year’s $0.37 per share. GLW’s profit will be $368.31 million for 18.38 P/E if the $0.40 EPS becomes a reality. After $0.39 actual earnings per share reported by Corning Incorporated for the previous quarter, Wall Street now forecasts 2.56% EPS growth.

The stock increased 0.07% or $0.02 on June 16, reaching $29.41. About shares traded. Corning Incorporated (NYSE:GLW) has risen 53.38% since June 19, 2016 and is uptrending. It has outperformed by 36.68% the S&P500.

Corning Incorporated is engaged in manufacturing specialty glass and ceramics. The company has market cap of $27.08 billion. The Company’s divisions include Display Technologies, Optical Communications, Environmental Technologies, Specialty Materials, Life Sciences and All Other. It has a 8.07 P/E ratio. The Display Technologies segment makes glass substrates for flat panel liquid crystal displays .

Investors sentiment decreased to 0.74 in 2016 Q4. Its down 0.01, from 0.75 in 2016Q3. It worsened, as 44 investors sold Corning Incorporated shares while 345 reduced holdings. 99 funds opened positions while 190 raised stakes. 664.60 million shares or 5.71% less from 704.83 million shares in 2016Q3 were reported. Beacon Trust Communication reported 123,021 shares. 100,395 were reported by Dnb Asset Management As. Gru One Trading Limited Partnership owns 120,168 shares for 0.03% of their portfolio. Virginia Retirement System Et Al invested in 0.22% or 657,700 shares. Dorsey Whitney Trust Lc reported 92,160 shares. Creative Planning stated it has 0.02% of its portfolio in Corning Incorporated (NYSE:GLW). 262,230 are owned by Insur Tx. Dynamic Advsrs Solutions Ltd Co invested in 0.56% or 57,580 shares. Employees Retirement Of Texas reported 0.02% of its portfolio in Corning Incorporated (NYSE:GLW). Teacher Retirement Sys Of Texas reported 626,003 shares. Moreover, West Oak Capital Ltd Llc has 0% invested in Corning Incorporated (NYSE:GLW). Markston Limited Liability Corp, New York-based fund reported 80,680 shares. Mairs Power stated it has 0.8% of its portfolio in Corning Incorporated (NYSE:GLW). Rodgers Brothers Inc holds 0.84% of its portfolio in Corning Incorporated (NYSE:GLW) for 88,480 shares. Bessemer Gru has invested 0.63% in Corning Incorporated (NYSE:GLW).

Aegean Marine Petroleum Network Inc

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