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

Shares of PPG Industries, Inc. (NYSE:PPGGet Free Report) have been assigned an average rating of “Moderate Buy” from the fifteen ratings firms that are covering the company, Marketbeat Ratings reports. One analyst has rated the stock with a sell recommendation, four have issued a hold recommendation and ten have given a buy recommendation to the company. The average 1-year target price among brokers that have covered the stock in the last year is $158.93.

PPG has been the subject of several analyst reports. KeyCorp increased their price objective on PPG Industries from $166.00 to $167.00 and gave the stock an “overweight” rating in a research note on Tuesday, January 9th. Redburn Atlantic downgraded PPG Industries from a “buy” rating to a “neutral” rating and set a $160.00 price objective for the company. in a research note on Thursday. Barclays raised PPG Industries from an “equal weight” rating to an “overweight” rating and set a $160.00 price objective for the company in a research note on Wednesday, October 11th. Wells Fargo & Company increased their price target on PPG Industries from $140.00 to $150.00 and gave the company an “equal weight” rating in a research report on Tuesday, January 9th. Finally, Vertical Research raised PPG Industries from a “hold” rating to a “buy” rating in a research report on Wednesday, January 3rd.

View Our Latest Analysis on PPG Industries

PPG Industries Stock Down 1.0 %

Shares of NYSE:PPG opened at $140.09 on Wednesday. The company has a market capitalization of $33.03 billion, a price-to-earnings ratio of 26.23, a P/E/G ratio of 1.38 and a beta of 1.30. The company has a debt-to-equity ratio of 0.71, a current ratio of 1.47 and a quick ratio of 1.05. The business’s 50-day moving average is $144.98 and its 200-day moving average is $138.09. PPG Industries has a 1 year low of $120.32 and a 1 year high of $152.89.

PPG Industries (NYSE:PPGGet Free Report) last posted its quarterly earnings results on Friday, January 19th. The specialty chemicals company reported $1.53 earnings per share for the quarter, topping analysts’ consensus estimates of $1.49 by $0.04. The business had revenue of $4.35 billion for the quarter, compared to the consensus estimate of $4.27 billion. PPG Industries had a return on equity of 23.79% and a net margin of 6.96%. The firm’s revenue for the quarter was up 3.9% on a year-over-year basis. During the same period in the prior year, the business earned $1.22 EPS. Equities research analysts predict that PPG Industries will post 8.45 earnings per share for the current year.

PPG Industries Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 12th. Investors of record on Thursday, February 15th will be paid a dividend of $0.65 per share. This represents a $2.60 annualized dividend and a yield of 1.86%. The ex-dividend date of this dividend is Thursday, February 15th. PPG Industries’s dividend payout ratio is 48.69%.

Institutional Investors Weigh In On PPG Industries

Several large investors have recently added to or reduced their stakes in the business. Moneta Group Investment Advisors LLC increased its holdings in shares of PPG Industries by 163,082.5% in the fourth quarter. Moneta Group Investment Advisors LLC now owns 4,157,889 shares of the specialty chemicals company’s stock worth $522,813,000 after buying an additional 4,155,341 shares during the period. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main lifted its position in PPG Industries by 602,706.2% in the 4th quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 2,640,291 shares of the specialty chemicals company’s stock valued at $331,994,000 after acquiring an additional 2,639,853 shares in the last quarter. Norges Bank bought a new position in PPG Industries in the 4th quarter valued at approximately $318,155,000. First Trust Advisors LP raised its stake in PPG Industries by 280.6% during 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 during the last quarter. Finally, Invesco Ltd. raised its stake in PPG Industries by 41.1% during the 3rd quarter. Invesco Ltd. now owns 3,294,142 shares of the specialty chemicals company’s stock valued at $427,580,000 after buying an additional 959,849 shares during the last quarter. Institutional investors own 79.18% of the company’s stock.

PPG Industries Company Profile

(Get Free Report

PPG Industries, Inc manufactures and distributes paints, coatings, and specialty materials worldwide. The company operates through Performance Coatings and Industrial Coatings. The 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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Analyst Recommendations for PPG Industries (NYSE:PPG)

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