PPG Industries, Inc. (NYSE:PPG) Given Consensus Rating of "Moderate Buy" by Analysts

PPG Industries, Inc. (NYSE:PPG - Get Free Report) has been given an average recommendation of "Moderate Buy" by the fifteen analysts that are presently covering the firm, Marketbeat reports. Eight investment analysts have rated the stock with a hold recommendation, six have given a buy recommendation and one has issued a strong buy recommendation on the company. The average 12 month price target among brokerages that have updated their coverage on the stock in the last year is $131.83.

Several equities research analysts have weighed in on PPG shares. UBS Group upped their target price on PPG Industries from $111.00 to $125.00 and gave the stock a "neutral" rating in a research note on Wednesday. Citigroup increased their price objective on PPG Industries from $125.00 to $130.00 and gave the company a "buy" rating in a report on Friday, June 13th. Royal Bank Of Canada increased their price target on PPG Industries from $112.00 to $113.00 and gave the stock a "sector perform" rating in a report on Friday, May 2nd. Fermium Researc upgraded PPG Industries to a "strong-buy" rating in a research note on Thursday, May 1st. Finally, JPMorgan Chase & Co. reduced their target price on PPG Industries from $115.00 to $105.00 and set a "neutral" rating for the company in a research note on Thursday, May 1st.

PPG Industries Stock Up 2.0%

PPG traded up $2.31 on Wednesday, hitting $120.50. 201,729 shares of the company were exchanged, compared to its average volume of 2,085,984. PPG Industries has a 12 month low of $90.24 and a 12 month high of $137.24. The company has a market cap of $27.35 billion, a PE ratio of 25.80, a PEG ratio of 2.46 and a beta of 1.16. The company has a debt-to-equity ratio of 0.79, a quick ratio of 0.99 and a current ratio of 1.35. The stock's fifty day moving average is $112.17 and its 200-day moving average is $112.24.

PPG Industries (NYSE:PPG - Get Free Report) last announced its quarterly earnings results on Tuesday, April 29th. The specialty chemicals company reported $1.72 earnings per share for the quarter, topping analysts' consensus estimates of $1.62 by $0.10. PPG Industries had a return on equity of 24.84% and a net margin of 6.49%. The firm had revenue of $3.68 billion for the quarter, compared to the consensus estimate of $3.67 billion. During the same quarter in the previous year, the business earned $1.87 earnings per share. The business's revenue was down 4.3% compared to the same quarter last year. Equities research analysts predict that PPG Industries will post 7.95 EPS for the current fiscal year.

PPG Industries Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, June 12th. Stockholders of record on Monday, May 12th were given a dividend of $0.68 per share. The ex-dividend date was Monday, May 12th. This represents a $2.72 dividend on an annualized basis and a dividend yield of 2.26%. PPG Industries's dividend payout ratio (DPR) is currently 58.24%.

Institutional Trading of PPG Industries

A number of hedge funds have recently made changes to their positions in PPG. Park Square Financial Group LLC bought a new stake in shares of PPG Industries during the 4th quarter worth $26,000. Cheviot Value Management LLC bought a new stake in shares of PPG Industries during the 1st quarter worth $26,000. CVA Family Office LLC lifted its stake in PPG Industries by 70.6% in the first quarter. CVA Family Office LLC now owns 273 shares of the specialty chemicals company's stock worth $30,000 after purchasing an additional 113 shares during the last quarter. Headlands Technologies LLC bought a new stake in PPG Industries in the first quarter worth $30,000. Finally, Prudent Man Investment Management Inc. bought a new position in shares of PPG Industries during the fourth quarter valued at about $36,000. 81.86% of the stock is owned by institutional investors.

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.