PPG Industries, Inc. (NYSE:PPG) Receives Consensus Rating of “Moderate Buy” from Analysts

PPG Industries, Inc. (NYSE:PPGGet Rating) has earned a consensus rating of “Hold” from the twenty-two analysts that are presently covering the stock, MarketBeat.com reports. One analyst has rated the stock with a sell recommendation, seven have given a hold recommendation and nine have assigned a buy recommendation to the company. The average 12-month price target among brokerages that have covered the stock in the last year is $133.06.

A number of equities analysts have issued reports on the company. UBS Group increased their price target on PPG Industries from $144.00 to $150.00 and gave the company a “buy” rating in a research note on Wednesday, January 11th. BMO Capital Markets increased their price target on PPG Industries from $122.00 to $125.00 and gave the company an “outperform” rating in a research note on Friday, October 21st. Credit Suisse Group increased their price target on PPG Industries from $104.00 to $118.00 and gave the company an “underperform” rating in a research note on Friday. Barclays decreased their price target on PPG Industries from $150.00 to $130.00 in a research note on Tuesday, October 11th. Finally, Morgan Stanley cut their price objective on PPG Industries from $150.00 to $120.00 and set an “equal weight” rating for the company in a research report on Monday, October 24th.

PPG Industries Stock Performance

Shares of PPG stock opened at $131.00 on Friday. PPG Industries has a 12-month low of $107.06 and a 12-month high of $159.50. The firm has a market capitalization of $30.79 billion, a price-to-earnings ratio of 28.98, a price-to-earnings-growth ratio of 2.70 and a beta of 1.18. The business has a 50 day simple moving average of $129.53 and a 200 day simple moving average of $123.80. The company has a debt-to-equity ratio of 1.05, a current ratio of 1.52 and a quick ratio of 1.03.

PPG Industries (NYSE:PPGGet Rating) last issued its quarterly earnings results on Friday, January 20th. The specialty chemicals company reported $1.22 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.14 by $0.08. The firm had revenue of $4.19 billion during the quarter, compared to analyst estimates of $4.12 billion. PPG Industries had a return on equity of 23.00% and a net margin of 6.08%. The firm’s quarterly revenue was down .1% on a year-over-year basis. During the same period last year, the company posted $1.26 EPS. On average, equities research analysts anticipate that PPG Industries will post 5.99 EPS for the current year.

PPG Industries Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 10th. Stockholders of record on Friday, February 17th will be issued a $0.62 dividend. This represents a $2.48 dividend on an annualized basis and a dividend yield of 1.89%. PPG Industries’s payout ratio is currently 54.87%.

Institutional Trading of PPG Industries

A number of hedge funds have recently modified their holdings of the business. JPMorgan Chase & Co. grew its stake in shares of PPG Industries by 12.8% in the 2nd quarter. JPMorgan Chase & Co. now owns 17,310,493 shares of the specialty chemicals company’s stock valued at $1,979,281,000 after buying an additional 1,963,056 shares in the last quarter. First Trust Advisors LP grew its stake in shares of PPG Industries by 280.6% in the 1st quarter. First Trust Advisors LP now owns 1,734,894 shares of the specialty chemicals company’s stock valued at $227,393,000 after buying an additional 1,279,104 shares in the last quarter. Putnam Investments LLC grew its stake in shares of PPG Industries by 33.8% in the 3rd quarter. Putnam Investments LLC now owns 2,533,859 shares of the specialty chemicals company’s stock valued at $280,473,000 after buying an additional 639,404 shares in the last quarter. Boston Partners grew its stake in shares of PPG Industries by 36.2% in the 3rd quarter. Boston Partners now owns 1,985,929 shares of the specialty chemicals company’s stock valued at $219,819,000 after buying an additional 527,327 shares in the last quarter. Finally, Millennium Management LLC grew its stake in shares of PPG Industries by 235.7% in the 2nd quarter. Millennium Management LLC now owns 617,111 shares of the specialty chemicals company’s stock valued at $70,560,000 after buying an additional 433,297 shares in the last quarter. Hedge funds and other institutional investors own 80.04% of the company’s stock.

About PPG Industries

(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.

Further Reading

Analyst Recommendations for PPG Industries (NYSE:PPG)

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