PPG Industries Inc. (NYSE:PPG) – Equities researchers at Credit Agricole SA issued their Q3 2016 earnings per share estimates for PPG Industries in a research report issued on Monday. Credit Agricole SA analyst N. Wallin anticipates that the firm will earn $1.56 per share for the quarter.

A number of other research firms have also recently weighed in on PPG. Morgan Stanley reaffirmed a “hold” rating on shares of PPG Industries in a report on Thursday, June 16th. Longbow Research raised shares of PPG Industries from a “neutral” rating to a “buy” rating and set a $130.00 price objective for the company in a report on Thursday, June 23rd. JPMorgan Chase & Co. reaffirmed a “buy” rating and issued a $120.00 price objective on shares of PPG Industries in a report on Friday, June 17th. Jefferies Group reaffirmed a “buy” rating and issued a $129.00 price objective (up previously from $127.00) on shares of PPG Industries in a report on Monday, July 25th. Finally, Credit Suisse Group AG reaffirmed a “buy” rating on shares of PPG Industries in a report on Wednesday, June 15th. Four research analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average price target of $115.83.

Earnings History and Estimates for PPG Industries (NYSE:PPG)

PPG Industries (NYSE:PPG) opened at 91.94 on Wednesday. PPG Industries has a one year low of $88.37 and a one year high of $117.00. The company has a 50 day moving average of $102.43 and a 200-day moving average of $106.63. The company has a market cap of $24.48 billion, a P/E ratio of 16.99 and a beta of 1.47.

PPG Industries (NYSE:PPG) last announced its quarterly earnings results on Thursday, July 21st. The company reported $1.85 EPS for the quarter, meeting the Zacks’ consensus estimate of $1.85. PPG Industries had a net margin of 9.57% and a return on equity of 30.94%. The firm earned $4.10 billion during the quarter, compared to the consensus estimate of $4.17 billion. During the same quarter last year, the firm earned $1.67 EPS. The firm’s revenue for the quarter was down .9% compared to the same quarter last year.

In other PPG Industries news, insider Viktoras R. Sekmakas sold 40,950 shares of the business’s stock in a transaction dated Tuesday, July 26th. The shares were sold at an average price of $106.64, for a total value of $4,366,908.00. Following the transaction, the insider now directly owns 69,044 shares in the company, valued at approximately $7,362,852.16. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Timothy M. Knavish sold 9,300 shares of the business’s stock in a transaction dated Thursday, August 4th. The shares were sold at an average price of $104.08, for a total transaction of $967,944.00. Following the completion of the transaction, the vice president now owns 11,806 shares in the company, valued at $1,228,768.48. The disclosure for this sale can be found here. Corporate insiders own 0.68% of the company’s stock.

A number of institutional investors have recently bought and sold shares of the stock. Jackson Grant Investment Advisers Inc. raised its position in PPG Industries by 0.4% in the second quarter. Jackson Grant Investment Advisers Inc. now owns 2,561 shares of the company’s stock valued at $267,000 after buying an additional 9 shares during the last quarter. Abner Herrman & Brock LLC raised its position in PPG Industries by 0.5% in the second quarter. Abner Herrman & Brock LLC now owns 2,523 shares of the company’s stock valued at $269,000 after buying an additional 13 shares during the last quarter. Oppenheimer & Co. Inc. raised its position in PPG Industries by 0.3% in the second quarter. Oppenheimer & Co. Inc. now owns 4,496 shares of the company’s stock valued at $468,000 after buying an additional 14 shares during the last quarter. Appleton Partners Inc. MA raised its position in PPG Industries by 0.3% in the second quarter. Appleton Partners Inc. MA now owns 5,689 shares of the company’s stock valued at $593,000 after buying an additional 18 shares during the last quarter. Finally, Cable Hill Partners LLC raised its position in PPG Industries by 1.9% in the second quarter. Cable Hill Partners LLC now owns 1,346 shares of the company’s stock valued at $142,000 after buying an additional 25 shares during the last quarter. Institutional investors own 73.04% of the company’s stock.

PPG Industries Company Profile

PPG Industries, Inc (PPG) manufactures and distributes a range of coatings, specialty materials and glass products. PPG operates through three business segments: Performance Coatings, Industrial Coatings and Glass. The Performance Coatings segment consists of the refinish, aerospace, protective and marine, architectural-Americas and Asia Pacific, and architectural-EMEA coatings businesses.

5 Day Chart for NYSE:PPG

Receive News & Stock Ratings for PPG Industries Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for PPG Industries Inc. and related stocks with our FREE daily email newsletter.