Boston, MA 02/19/2014 (wallstreetpr) – Corning Incorporated (NYSE:GLW) which recently declared a quarterly dividend of 10 cents per share payable on March 31, has suffered a rating downgrade. The stock has lost its “buy” listing at Jefferson Research and now analysts at the brokerage consider it a “hold” stock. Several investment analysts tracking the company have recently weighed in their opinions, giving the stock a consensus “hold” and average price objective of $17.86. The average price target of GLW signals a potential downside considering that the stock currently trades around $19.08 per share as per the previous closing. In the previous session the stock lost 3 cents per share or 16 percent of its market value. In the most recent quarter Corning Incorporated (NYSE:GLW) realized earnings per share of 29 cents, exceeding the expectation of 27 cents. Revenue was $2.01 billion, again breaching the consensus figure of $1.95 billion.
Exxon Mobil Corporation (NYSE:XOM) is low listed a “buy” from the previous “neutral” rating at ISI Group. Out of the 23 investment analysts who have commented on the stock, there emerge average price objective of $98.47 and consensus rating of “hold.” The company recently announced quarterly dividend, a trend that it has maintained for many quarters, whereby shareholders will earn 63 cents on each share held. That dividend is payable on March 10. The stock started trading ex-divided February 6. In the most recent quarter Exxon Mobil Corporation (NYSE:XOM) posted $1.91 earnings per share, just in-line with the Wall Street view of $1.19 per share.
GT Advanced Technologies Inc (NASDAQ:GTAT) has had its price target hoisted to $15 per share, up from $13 per share in the previous view at Canaccord Genuity. The stock is now listed as a “buy” by the brokerage. The latest price objective planted on GTAT represents about 28.5 percent premium over the current price. The stock of GTAT gained 97 cents per share in the last session to finish the day north at $12.64. From the views of eight analysts currently tracking the stock of GT Advanced Technologies Inc (NASDAQ:GTAT), the average price target is $11.63 and the consensus rating is “buy.”
