PPG Industries, Inc. (NYSE:PPG) Given Consensus Rating of “Hold” by Analysts

PPG Industries, Inc. (NYSE:PPGGet Rating) has been given a consensus recommendation of “Hold” by the twenty-one research firms that are covering the stock, MarketBeat.com reports. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating and ten have given a buy rating to the company. The average 12 month target price among analysts that have covered the stock in the last year is $173.44.

A number of analysts have weighed in on PPG shares. Wells Fargo & Company decreased their price target on PPG Industries from $170.00 to $140.00 and set an “equal weight” rating for the company in a report on Monday. Deutsche Bank Aktiengesellschaft decreased their price target on PPG Industries from $185.00 to $180.00 and set a “buy” rating for the company in a report on Monday, January 24th. Mizuho decreased their price target on PPG Industries from $187.00 to $182.00 and set a “buy” rating for the company in a report on Monday, January 24th. Barclays decreased their price target on PPG Industries from $185.00 to $175.00 and set an “equal weight” rating for the company in a report on Tuesday, January 25th. Finally, Vertical Research downgraded PPG Industries from a “buy” rating to a “hold” rating and set a $176.00 price target for the company. in a report on Tuesday, January 4th.

A number of hedge funds have recently added to or reduced their stakes in the business. Cornerstone Wealth Management LLC boosted its stake in PPG Industries by 2.9% during the 3rd quarter. Cornerstone Wealth Management LLC now owns 2,280 shares of the specialty chemicals company’s stock valued at $326,000 after purchasing an additional 64 shares during the last quarter. Insight Folios Inc boosted its stake in PPG Industries by 3.7% during the 4th quarter. Insight Folios Inc now owns 1,918 shares of the specialty chemicals company’s stock valued at $331,000 after purchasing an additional 69 shares during the last quarter. Birch Hill Investment Advisors LLC boosted its stake in PPG Industries by 2.2% during the 4th quarter. Birch Hill Investment Advisors LLC now owns 3,270 shares of the specialty chemicals company’s stock valued at $564,000 after purchasing an additional 70 shares during the last quarter. Mitchell Mcleod Pugh & Williams Inc. boosted its stake in PPG Industries by 1.2% during the 3rd quarter. Mitchell Mcleod Pugh & Williams Inc. now owns 6,061 shares of the specialty chemicals company’s stock valued at $867,000 after purchasing an additional 71 shares during the last quarter. Finally, Linscomb & Williams Inc. boosted its stake in PPG Industries by 3.7% during the 4th quarter. Linscomb & Williams Inc. now owns 2,048 shares of the specialty chemicals company’s stock valued at $353,000 after purchasing an additional 74 shares during the last quarter. Institutional investors and hedge funds own 78.95% of the company’s stock.

Shares of NYSE:PPG opened at $131.70 on Thursday. The firm has a market cap of $31.10 billion, a P/E ratio of 21.91, a P/E/G ratio of 1.59 and a beta of 1.22. The company has a quick ratio of 0.97, a current ratio of 1.42 and a debt-to-equity ratio of 1.03. PPG Industries has a 12-month low of $111.32 and a 12-month high of $182.97. The business has a fifty day simple moving average of $132.60 and a 200 day simple moving average of $151.11.

PPG Industries (NYSE:PPGGet Rating) last announced its earnings results on Thursday, January 20th. The specialty chemicals company reported $1.26 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.19 by $0.07. PPG Industries had a return on equity of 25.70% and a net margin of 8.56%. The business had revenue of $4.19 billion during the quarter, compared to analyst estimates of $4.05 billion. During the same period last year, the company earned $1.59 EPS. PPG Industries’s revenue for the quarter was up 11.5% compared to the same quarter last year. As a group, equities research analysts expect that PPG Industries will post 7.27 EPS for the current year.

PPG Industries Company Profile (Get Rating)

PPG Industries, Inc manufactures and distributes paints, coatings, and specialty materials worldwide. The company's Performance Coatings segment offers coatings, solvents, adhesives, sealants, sundries, and software for automotive and commercial transport/fleet repair and refurbishing, light industrial coatings, and specialty coatings for signs; and coatings, sealants, transparencies, transparent armor, adhesives, engineered materials, and packaging and chemical management services for commercial, military, regional jet, and general aviation aircraft.

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