Several brokerages have updated their recommendations and price targets on shares of PPG Industries (NYSE: PPG) in the last few weeks:

  • 8/9/2017 – PPG Industries had its “hold” rating reaffirmed by analysts at Royal Bank Of Canada. They now have a $109.00 price target on the stock.
  • 8/1/2017 – PPG Industries was upgraded by analysts at Zacks Investment Research from a “sell” rating to a “hold” rating. According to Zacks, “PPG Industries reported a year-over-year increase in adjusted earnings for second-quarter 2017, beating the Zacks Consensus Estimate. However, net sales in the quarter rose modestly year-over-year and trailed estimates. PPG Industries is taking steps for growing organically as well as cutting costs. The company also remains committed to deploy cash on acquisitions and share repurchases. However, the company's shares have underperformed the industry it belongs to over the past one year. PPG Industries faces currency headwind and macroeconomic challenges. Some of its end-markets including marine still remain sluggish. It is also exposed to volatility in raw materials and energy costs.”
  • 7/31/2017 – PPG Industries was downgraded by analysts at BidaskClub from a “buy” rating to a “hold” rating.
  • 7/24/2017 – PPG Industries was downgraded by analysts at SunTrust Banks, Inc. from a “buy” rating to a “hold” rating. They now have a $113.00 price target on the stock, down previously from $120.00.
  • 7/24/2017 – PPG Industries was downgraded by analysts at Bank of America Corporation from a “buy” rating to a “neutral” rating. They now have a $115.00 price target on the stock.
  • 7/23/2017 – PPG Industries was given a new $113.00 price target on by analysts at Credit Suisse Group. They now have a “buy” rating on the stock.
  • 7/21/2017 – PPG Industries had its price target raised by analysts at Deutsche Bank AG from $110.00 to $115.00. They now have a “hold” rating on the stock.
  • 7/19/2017 – PPG Industries was upgraded by analysts at BidaskClub from a “hold” rating to a “buy” rating.
  • 7/17/2017 – PPG Industries had its “outperform” rating reaffirmed by analysts at Credit Suisse Group. They now have a $114.00 price target on the stock, up previously from $109.00. They noted that the move was a valuation call. They noted that the move was a valuation call.
  • 7/6/2017 – PPG Industries had its “buy” rating reaffirmed by analysts at Jefferies Group LLC. They now have a $120.00 price target on the stock.
  • 7/5/2017 – PPG Industries was upgraded by analysts at Argus from a “hold” rating to a “buy” rating. They now have a $136.00 price target on the stock, up previously from $110.61.

PPG Industries, Inc. (PPG) traded down 1.97% on Thursday, reaching $101.33. 2,084,251 shares of the company’s stock were exchanged. The firm has a 50 day moving average of $108.78 and a 200 day moving average of $106.20. The stock has a market capitalization of $25.99 billion, a PE ratio of 26.66 and a beta of 1.54. PPG Industries, Inc. has a 12 month low of $89.64 and a 12 month high of $113.67.

PPG Industries (NYSE:PPG) last released its quarterly earnings results on Thursday, July 20th. The specialty chemicals company reported $1.83 EPS for the quarter, meeting the Zacks’ consensus estimate of $1.83. PPG Industries had a net margin of 6.79% and a return on equity of 29.47%. The company had revenue of $3.81 billion for the quarter, compared to analyst estimates of $3.92 billion. During the same quarter last year, the firm posted $1.73 earnings per share. The company’s quarterly revenue was up .6% compared to the same quarter last year. Equities analysts predict that PPG Industries, Inc. will post $6.11 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 12th. Stockholders of record on Thursday, August 10th will be given a $0.45 dividend. This is a positive change from PPG Industries’s previous quarterly dividend of $0.40. The ex-dividend date of this dividend is Tuesday, August 8th. This represents a $1.80 dividend on an annualized basis and a dividend yield of 1.78%. PPG Industries’s dividend payout ratio (DPR) is currently 46.88%.

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.

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