PPG Industries, Inc. (NYSE:PPG) Receives $128.42 Consensus PT from Brokerages

Shares of PPG Industries, Inc. (NYSE:PPG - Get Free Report) have earned an average rating of "Moderate Buy" from the fifteen research firms that are presently covering the firm, MarketBeat Ratings reports. Eight equities research analysts have rated the stock with a hold rating, six have issued a buy rating and one has given a strong buy rating to the company. The average 1-year price target among analysts that have updated their coverage on the stock in the last year is $128.42.

PPG has been the topic of several recent analyst reports. The Goldman Sachs Group cut their price target on shares of PPG Industries from $153.00 to $135.00 and set a "buy" rating on the stock in a report on Thursday, February 6th. Bank of America reissued a "neutral" rating and issued a $126.00 price target (down from $143.00) on shares of PPG Industries in a research note on Tuesday, April 15th. Barclays reissued an "equal weight" rating on shares of PPG Industries in a research note on Monday, February 3rd. Deutsche Bank Aktiengesellschaft increased their price target on shares of PPG Industries from $125.00 to $140.00 and gave the stock a "buy" rating in a research note on Monday, May 12th. Finally, UBS Group increased their price target on shares of PPG Industries from $110.00 to $111.00 and gave the stock a "neutral" rating in a research note on Wednesday, April 30th.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the company. Barclays PLC grew its position in PPG Industries by 21.0% during the third quarter. Barclays PLC now owns 1,142,045 shares of the specialty chemicals company's stock valued at $151,276,000 after buying an additional 198,353 shares during the period. Park Avenue Securities LLC raised its holdings in PPG Industries by 11.1% in the 4th quarter. Park Avenue Securities LLC now owns 2,365 shares of the specialty chemicals company's stock worth $282,000 after purchasing an additional 236 shares during the period. Merit Financial Group LLC raised its holdings in PPG Industries by 83.1% in the 4th quarter. Merit Financial Group LLC now owns 5,810 shares of the specialty chemicals company's stock worth $694,000 after purchasing an additional 2,637 shares during the period. HB Wealth Management LLC raised its holdings in PPG Industries by 6.7% in the 4th quarter. HB Wealth Management LLC now owns 8,554 shares of the specialty chemicals company's stock worth $1,022,000 after purchasing an additional 540 shares during the period. Finally, Ameritas Advisory Services LLC raised its holdings in PPG Industries by 941.8% in the 4th quarter. Ameritas Advisory Services LLC now owns 27,681 shares of the specialty chemicals company's stock worth $3,307,000 after purchasing an additional 25,024 shares during the period. Institutional investors own 81.86% of the company's stock.

PPG Industries Trading Down 0.9%

PPG Industries stock traded down $1.04 during trading hours on Tuesday, reaching $110.18. The stock had a trading volume of 948,076 shares, compared to its average volume of 1,826,821. The company has a fifty day simple moving average of $106.38 and a 200-day simple moving average of $114.61. The stock has a market cap of $25.01 billion, a PE ratio of 23.29, a PEG ratio of 2.19 and a beta of 1.20. The company has a debt-to-equity ratio of 0.77, a current ratio of 1.58 and a quick ratio of 1.13. PPG Industries has a 52 week low of $90.24 and a 52 week high of $137.24.

PPG Industries (NYSE:PPG - Get Free Report) last released its quarterly earnings results on Tuesday, April 29th. The specialty chemicals company reported $1.72 EPS for the quarter, beating analysts' consensus estimates of $1.62 by $0.10. The business had revenue of $3.68 billion during the quarter, compared to analyst estimates of $3.67 billion. PPG Industries had a return on equity of 23.78% and a net margin of 6.41%. PPG Industries's quarterly revenue was down 4.3% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.87 EPS. Analysts forecast that PPG Industries will post 7.95 EPS for the current fiscal year.

PPG Industries Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, June 12th. Shareholders of record on Monday, May 12th will be given a $0.68 dividend. This represents a $2.72 dividend on an annualized basis and a yield of 2.47%. The ex-dividend date of this dividend is Monday, May 12th. PPG Industries's dividend payout ratio (DPR) is presently 58.24%.

PPG Industries Company Profile

PPG Industries, Inc manufactures and distributes paints, coatings, and specialty materials in the United States, Canada, the Asia Pacific, Latin America, Europe, the Middle East, and Africa. It operates through two segments, Performance Coatings and Industrial Coatings. The Performance Coatings segment offers coatings, solvents, adhesives, sealants, sundries, and software for automotive and commercial transport/fleet repair and refurbishing, light industrial coatings, and specialty coatings for signs; wood stains; paints, thermoplastics, pavement marking products, and other advanced technologies for pavement marking for government, commercial infrastructure, painting, and maintenance contractors; and coatings, sealants, transparencies, transparent armor, adhesives, engineered materials, and packaging and chemical management services for commercial, military, regional jet, and general aviation aircraft.