Media coverage about PPG Industries (NYSE:PPG) has been trending somewhat positive this week, according to Accern. The research firm ranks the sentiment of media coverage by reviewing more than twenty million blog and news sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores closest to one being the most favorable. PPG Industries earned a daily sentiment score of 0.21 on Accern’s scale. Accern also gave media headlines about the specialty chemicals company an impact score of 46.6205585463211 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the next several days.

Here are some of the news stories that may have impacted Accern’s analysis:

Several brokerages recently commented on PPG. Royal Bank Of Canada reiterated a “hold” rating and issued a $109.00 target price on shares of PPG Industries in a report on Wednesday. BidaskClub cut PPG Industries from a “buy” rating to a “hold” rating in a report on Monday, July 31st. SunTrust Banks, Inc. cut PPG Industries from a “buy” rating to a “hold” rating and cut their price target for the stock from $120.00 to $113.00 in a report on Monday, July 24th. Zacks Investment Research upgraded PPG Industries from a “sell” rating to a “hold” rating in a report on Tuesday, August 1st. Finally, Credit Suisse Group set a $113.00 price target on PPG Industries and gave the stock a “buy” rating in a report on Sunday, July 23rd. Eleven research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. The stock presently has an average rating of “Hold” and an average price target of $114.50.

PPG Industries (PPG) opened at 103.37 on Thursday. The company has a 50 day moving average price of $109.39 and a 200-day moving average price of $105.99. PPG Industries has a one year low of $89.64 and a one year high of $113.67. The company has a market capitalization of $26.51 billion, a PE ratio of 27.20 and a beta of 1.54.

PPG Industries (NYSE:PPG) last released its quarterly earnings results on Thursday, July 20th. The specialty chemicals company reported $1.83 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $1.83. PPG Industries had a return on equity of 37.36% and a net margin of 13.37%. The company had revenue of $3.81 billion for the quarter, compared to analyst estimates of $3.92 billion. During the same period in the previous year, the company posted $1.73 earnings per share. The firm’s revenue was up .6% on a year-over-year basis. Analysts expect that PPG Industries will post $6.11 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 12th. Investors of record on Thursday, August 10th will be given a dividend of $0.45 per share. The ex-dividend date of this dividend is Tuesday, August 8th. This is a positive change from PPG Industries’s previous quarterly dividend of $0.40. This represents a $1.80 annualized dividend and a dividend yield of 1.74%. PPG Industries’s payout ratio is currently 41.67%.

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PPG Industries Company Profile

PPG Industries, Inc manufactures and distributes a range of coatings and specialty materials. The Company has three segments: Performance Coatings, Industrial Coatings and Glass. The Performance Coatings segment includes the refinish, aerospace, protective and marine, architectural businesses. The Industrial Coatings segment includes the automotive original equipment manufacturer (OEM), industrial coatings, packaging coatings, coatings services and specialty coatings and materials businesses.

Insider Buying and Selling by Quarter for PPG Industries (NYSE:PPG)

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