News coverage about PPG Industries (NYSE:PPG) has trended somewhat positive on Friday, Accern Sentiment reports. The research group ranks the sentiment of press coverage by reviewing more than twenty million news and blog sources in real time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. PPG Industries earned a daily sentiment score of 0.24 on Accern’s scale. Accern also gave media headlines about the specialty chemicals company an impact score of 46.3354036045249 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the immediate future.
These are some of the media headlines that may have impacted Accern Sentiment’s scoring:
- Global Conductive Coating Market 2018 PPG Industries Inc., Henkel, Akzonobel, Axalta Coating Systems (lincolntrailpublishing.com)
- Global Water Based Enamel Market 2018- Nippon Paint, PPG Industries Inc, AkzoNobel, Asian Paints, BASF (openpr.com)
- Form 4 PPG INDUSTRIES INC For: Mar 12 Filed by: HAYNES VICTORIA F (streetinsider.com)
- Is The Stock Ready to Shift Trend? – PPG Industries Inc (NYSE: PPG) – Stocks Pen (stockspen.com)
- Technical gives deep insight into PPG Industries, Inc. (PPG) – Wall Street Morning (wallstreetmorning.com)
PPG has been the topic of several research reports. Zacks Investment Research upgraded PPG Industries from a “sell” rating to a “hold” rating in a report on Monday, November 27th. Wells Fargo restated a “market perform” rating and set a $120.00 price target (up from $110.00) on shares of PPG Industries in a report on Tuesday, November 28th. They noted that the move was a valuation call. Raymond James Financial initiated coverage on PPG Industries in a report on Tuesday, December 19th. They set an “outperform” rating and a $139.00 price target on the stock. Jefferies Group restated a “buy” rating and set a $135.00 price target on shares of PPG Industries in a report on Wednesday, January 3rd. Finally, Atlantic Securities cut PPG Industries from an “overweight” rating to a “neutral” rating in a report on Wednesday, January 17th. Twelve analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus target price of $124.13.
Shares of PPG Industries (PPG) traded up $0.65 during mid-day trading on Friday, reaching $114.93. The company had a trading volume of 2,409,716 shares, compared to its average volume of 1,596,233. PPG Industries has a 1-year low of $100.45 and a 1-year high of $122.07. The company has a market capitalization of $28,500.00, a PE ratio of 21.93, a PEG ratio of 1.99 and a beta of 1.57. The company has a debt-to-equity ratio of 0.73, a current ratio of 1.66 and a quick ratio of 1.22.
PPG Industries (NYSE:PPG) last announced its earnings results on Thursday, January 18th. The specialty chemicals company reported $1.19 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.18 by $0.01. PPG Industries had a return on equity of 26.76% and a net margin of 10.98%. The business had revenue of $3.68 billion for the quarter, compared to analysts’ expectations of $3.61 billion. During the same period in the prior year, the business posted $1.19 earnings per share. The firm’s revenue was up 7.8% on a year-over-year basis. sell-side analysts predict that PPG Industries will post 6.55 earnings per share for the current year.
PPG Industries declared that its Board of Directors has initiated a stock buyback plan on Thursday, December 14th that allows the company to repurchase $2.50 billion in outstanding shares. This repurchase authorization allows the specialty chemicals company to repurchase shares of its stock through open market purchases. Shares repurchase plans are typically an indication that the company’s board believes its shares are undervalued.
The firm also recently declared a quarterly dividend, which was paid on Monday, March 12th. Shareholders of record on Friday, February 16th were paid a $0.45 dividend. This represents a $1.80 annualized dividend and a yield of 1.57%. The ex-dividend date was Thursday, February 15th. PPG Industries’s dividend payout ratio (DPR) is presently 34.35%.
In other PPG Industries news, VP Jean-Marie Greindl sold 9,500 shares of the business’s stock in a transaction that occurred on Thursday, February 22nd. The stock was sold at an average price of $115.79, for a total value of $1,100,005.00. Following the transaction, the vice president now directly owns 27,685 shares of the company’s stock, valued at $3,205,646.15. The sale was disclosed in a legal filing with the SEC, which is available through this link. 0.33% of the stock is currently owned by insiders.
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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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