PPG Industries, Inc. (NYSE:PPG) Given Average Rating of “Moderate Buy” by Analysts

PPG Industries, Inc. (NYSE:PPG) has earned a consensus recommendation of “Moderate Buy” from the fifteen ratings firms that are currently covering the firm, Marketbeat Ratings reports. Seven analysts have rated the stock with a hold rating and eight have given a buy rating to the company. The average 1 year price target among analysts that have covered the stock in the last year is $138.15.

A number of brokerages recently weighed in on PPG. UBS Group decreased their price target on shares of PPG Industries from $128.00 to $126.00 and set a “neutral” rating for the company in a research note on Friday, January 31st. Barclays lowered their price objective on shares of PPG Industries from $144.00 to $125.00 and set an “equal weight” rating on the stock in a research report on Monday, February 3rd. Deutsche Bank Aktiengesellschaft lowered their price objective on PPG Industries from $150.00 to $145.00 and set a “buy” rating on the stock in a report on Thursday, December 19th. Mizuho cut their price target on shares of PPG Industries from $150.00 to $140.00 and set an “outperform” rating for the company in a report on Monday, February 3rd. Finally, JPMorgan Chase & Co. downgraded PPG Industries from an “overweight” rating to a “neutral” rating and dropped their price objective for the company from $145.00 to $115.00 in a research note on Wednesday.

PPG Industries Trading Down 0.1 %

NYSE PPG opened at $117.75 on Friday. PPG Industries has a 52 week low of $110.20 and a 52 week high of $145.60. The firm has a 50 day moving average of $119.02 and a two-hundred day moving average of $123.47. The company has a quick ratio of 1.13, a current ratio of 1.58 and a debt-to-equity ratio of 0.77. The stock has a market capitalization of $27.32 billion, a PE ratio of 24.89, a price-to-earnings-growth ratio of 1.97 and a beta of 1.23.

PPG Industries (NYSE:PPG) last issued its earnings results on Thursday, January 30th. The specialty chemicals company reported $1.61 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.65 by ($0.04). PPG Industries had a net margin of 6.41% and a return on equity of 23.78%. As a group, research analysts expect that PPG Industries will post 7.96 EPS for the current fiscal year.

PPG Industries Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, March 12th. Investors of record on Friday, February 21st will be given a $0.68 dividend. The ex-dividend date is Friday, February 21st. This represents a $2.72 dividend on an annualized basis and a yield of 2.31%. PPG Industries’s dividend payout ratio is presently 57.51%.

Institutional Trading of PPG Industries

A number of institutional investors have recently made changes to their positions in the stock. DoubleLine ETF Adviser LP acquired a new stake in PPG Industries in the fourth quarter worth approximately $3,140,000. Wahed Invest LLC raised its position in PPG Industries by 6.2% in the fourth quarter. Wahed Invest LLC now owns 6,024 shares of the specialty chemicals company’s stock worth $720,000 after acquiring an additional 351 shares in the last quarter. Freestone Grove Partners LP acquired a new stake in PPG Industries in the 4th quarter valued at about $438,000. Widmann Financial Services Inc. boosted its holdings in PPG Industries by 2.0% during the fourth quarter. Widmann Financial Services Inc. now owns 8,797 shares of the specialty chemicals company’s stock worth $1,051,000 after buying an additional 176 shares in the last quarter. Finally, Becker Capital Management Inc. grew its holdings in shares of PPG Industries by 21.0% in the 4th quarter. Becker Capital Management Inc. now owns 8,563 shares of the specialty chemicals company’s stock worth $1,023,000 after acquiring an additional 1,487 shares during the last quarter. 81.86% of the stock is owned by institutional investors and hedge funds.

PPG Industries Company Profile

PPG Industries, Inc manufactures and distributes paints, coatings, and specialty materials in the United States, Canada, the Asia Pacific, Latin America, Europe, the Middle East, and Africa. It operates through two segments, 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; wood stains; paints, thermoplastics, pavement marking products, and other advanced technologies for pavement marking for government, commercial infrastructure, painting, and maintenance contractors; and coatings, sealants, transparencies, transparent armor, adhesives, engineered materials, and packaging and chemical management services for commercial, military, regional jet, and general aviation aircraft.