News stories about PPG Industries (NYSE:PPG) have been trending somewhat positive recently, Accern Sentiment reports. The research firm identifies positive and negative news coverage by reviewing more than 20 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 news impact score of 0.04 on Accern’s scale. Accern also gave news articles about the specialty chemicals company an impact score of 45.1183380086001 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the next few days.
Here are some of the news articles that may have effected Accern Sentiment Analysis’s analysis:
- Bullet-Proof Glass Market Analysis by 2025: Top Players Like Asahi Glass, PPG Industries, Saint-Gobain, CSG Holding (digitaljournal.com)
- Kessler Topaz Meltzer & Check, LLP – Deadline Reminder for PPG Industries, Inc. Investors – PPG (finance.yahoo.com)
- Robbins Arroyo LLP Is Investigating the Officers and Directors of PPG Industries, Inc. (PPG) on Behalf of Shareholders (finance.yahoo.com)
- Glancy Prongay & Murray LLP Announces the Filing of a Securities Class Action on Behalf of PPG Industries, Inc. Investors (PPG) (bizjournals.com)
- Zacks: Analysts Anticipate PPG Industries, Inc. (PPG) Will Post Quarterly Sales of $4.13 Billion (americanbankingnews.com)
PPG has been the subject of a number of recent research reports. Deutsche Bank upgraded PPG Industries from a “hold” rating to a “buy” rating and lifted their price objective for the stock from $126.00 to $130.00 in a research report on Tuesday, March 20th. Robert W. Baird reissued a “buy” rating and issued a $125.00 price target on shares of PPG Industries in a research note on Friday, April 20th. Jefferies Financial Group lowered PPG Industries from a “buy” rating to a “hold” rating in a research note on Wednesday, May 16th. Zacks Investment Research raised PPG Industries from a “sell” rating to a “hold” rating in a research note on Wednesday, May 30th. Finally, Royal Bank of Canada reissued a “hold” rating on shares of PPG Industries in a research note on Tuesday, April 24th. One analyst has rated the stock with a sell rating, twelve 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 a consensus target price of $122.88.
NYSE PPG opened at $102.81 on Friday. The stock has a market capitalization of $25.49 billion, a PE ratio of 17.51, a PEG ratio of 1.79 and a beta of 1.52. PPG Industries has a 1-year low of $100.36 and a 1-year high of $122.07. The company has a current ratio of 1.76, a quick ratio of 1.28 and a debt-to-equity ratio of 0.95.
PPG Industries (NYSE:PPG) last released its quarterly earnings data on Thursday, April 19th. The specialty chemicals company reported $1.39 earnings per share for the quarter, missing the consensus estimate of $1.49 by ($0.10). The firm had revenue of $3.79 billion during the quarter, compared to analyst estimates of $3.72 billion. PPG Industries had a net margin of 10.94% and a return on equity of 26.53%. The business’s revenue for the quarter was up 8.6% on a year-over-year basis. During the same period in the prior year, the firm earned $1.35 earnings per share. sell-side analysts expect that PPG Industries will post 6.36 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Tuesday, June 12th. Stockholders of record on Thursday, May 10th were paid a $0.45 dividend. This represents a $1.80 annualized dividend and a dividend yield of 1.75%. The ex-dividend date was Wednesday, May 9th. PPG Industries’s dividend payout ratio is currently 30.66%.
PPG Industries Company Profile
PPG Industries, Inc manufactures and distributes paints, coatings, and specialty materials in the United States and internationally. It operates through Performance Coatings and Industrial Coatings segments. The Performance Coatings segment provides coatings products for automotive and commercial transport/fleet repair and refurbishing; light industrial and specialty coatings for signs; coatings, sealants, and transparencies for commercial, military, regional jet and general aviation aircraft, and transparent armor; protective and marine coatings and finishes; architectural coatings; and purchased sundries to painting contractors and consumers, as well as chemical management services.
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