Somewhat Favorable Press Coverage Somewhat Unlikely to Affect PPG Industries (PPG) Share Price
Headlines about PPG Industries (NYSE:PPG) have trended somewhat positive recently, Accern Sentiment reports. The research group scores the sentiment of news coverage by reviewing more than 20 million news and blog sources. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. PPG Industries earned a daily sentiment score of 0.22 on Accern’s scale. Accern also assigned press coverage about the specialty chemicals company an impact score of 47.0372259409152 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the immediate future.
Here are some of the news stories that may have impacted Accern Sentiment Analysis’s rankings:
- PPG (PPG) Presents At Robert W. Baird 2017 Global Industrial Conference – Slideshow (seekingalpha.com)
- PPG Earns Perfect Score in 2018 Corporate Equality Index (finance.yahoo.com)
- Waldron, LP Buys Vanguard Total World Stock Index, SPDR MidCap Trust Series I, iShares Core S&P Mid-Cap, Sells … – GuruFocus.com (gurufocus.com)
- How These Specialty Chemicals Stocks are Performing? — Green Plains, Chemours, Olin, and PPG Industries – PR Newswire (press release) (prnewswire.com)
- Notable Wednesday Option Activity: ROK, OXY, PPG – Nasdaq (nasdaq.com)
Several analysts have commented on PPG shares. Credit Suisse Group restated an “outperform” rating and issued a $114.00 price objective (up from $109.00) on shares of PPG Industries in a report on Monday, July 17th. They noted that the move was a valuation call. BidaskClub upgraded shares of PPG Industries from a “hold” rating to a “buy” rating in a report on Wednesday, July 19th. Deutsche Bank AG lifted their target price on shares of PPG Industries from $110.00 to $115.00 and gave the company a “hold” rating in a report on Friday, July 21st. SunTrust Banks, Inc. lowered shares of PPG Industries from a “buy” rating to a “hold” rating and lowered their target price for the company from $120.00 to $113.00 in a report on Monday, July 24th. Finally, Bank of America Corporation lowered shares of PPG Industries from a “buy” rating to a “neutral” rating and set a $115.00 target price for the company. in a report on Monday, July 24th. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating and seven have issued a buy rating to the company. The stock currently has an average rating of “Hold” and an average price target of $119.36.
Shares of PPG Industries (NYSE:PPG) opened at $114.67 on Monday. The company has a debt-to-equity ratio of 0.68, a current ratio of 1.65 and a quick ratio of 1.26. PPG Industries has a 1 year low of $93.80 and a 1 year high of $119.85. The company has a market cap of $29,180.76, a P/E ratio of 19.47, a price-to-earnings-growth ratio of 2.28 and a beta of 1.59.
PPG Industries (NYSE:PPG) last issued its quarterly earnings data on Thursday, October 19th. The specialty chemicals company reported $1.52 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $1.52. PPG Industries had a net margin of 12.21% and a return on equity of 27.85%. The firm had revenue of $3.78 billion during the quarter, compared to the consensus estimate of $3.75 billion. During the same quarter in the previous year, the firm posted $1.56 EPS. The company’s revenue for the quarter was up 3.2% compared to the same quarter last year. equities analysts expect that PPG Industries will post 5.9 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 12th. Stockholders of record on Friday, November 10th will be given a dividend of $0.45 per share. This represents a $1.80 dividend on an annualized basis and a dividend yield of 1.57%. The ex-dividend date is Thursday, November 9th. PPG Industries’s payout ratio is 26.12%.
In related news, insider Viktoras R. Sekmakas sold 18,616 shares of PPG Industries stock in a transaction on Friday, August 18th. The shares were sold at an average price of $102.49, for a total transaction of $1,907,953.84. Following the transaction, the insider now owns 15,545 shares in the company, valued at approximately $1,593,207.05. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Insiders own 0.72% of the company’s stock.
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About PPG Industries
PPG Industries, Inc manufactures and distributes a range of coatings and specialty materials. The Company has two segments: Performance Coatings and Industrial Coatings. 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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