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NYSE:PPG

PPG Industries (PPG) Stock Price, News & Analysis

$127.00
+1.77 (+1.41%)
(As of 07/8/2024 ET)
Today's Range
$125.95
$127.11
50-Day Range
$123.98
$135.74
52-Week Range
$120.32
$152.89
Volume
1.25 million shs
Average Volume
1.29 million shs
Market Capitalization
$29.78 billion
P/E Ratio
21.45
Dividend Yield
2.05%
Price Target
$155.47

PPG Industries MarketRank™ Stock Analysis

Analyst Rating
Hold
2.47 Rating Score
Upside/​Downside
22.4% Upside
$155.47 Price Target
Short Interest
Healthy
1.27% of Float Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
-6.18
Upright™ Environmental Score
News Sentiment
1.19mentions of PPG Industries in the last 14 days
Based on 2 Articles This Week
Insider Trading
Acquiring Shares
$274,608 Bought Last Quarter
Proj. Earnings Growth
11.37%
From $8.44 to $9.40 Per Share

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

4.78 out of 5 stars

Basic Materials Sector

10th out of 169 stocks

Paints & Allied Products Industry

1st out of 3 stocks

PPG stock logo

About PPG Industries Stock (NYSE:PPG)

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. The Industrial Coatings segment offers coatings, adhesives and sealants, and metal pretreatments, as well as services and coatings applications for appliances, agricultural and construction equipment, consumer electronics, automotive parts and accessories, building products, kitchenware, and transportation vehicles and other finished products; and on-site coatings services. It also provides coatings for metal cans, closures, plastic and aluminum tubes for food, beverage and personal care, promotional, and specialty packaging; amorphous precipitated silica for tire, battery separator, and other end-uses; TESLIN substrates for labels, e-passports, drivers' licenses, breathable membranes, and loyalty and identification cards; and organic light emitting diode materials, displays and lighting lens materials, optical lenses, color-change products, and photochromic dyes. PPG Industries, Inc. was incorporated in 1883 and is headquartered in Pittsburgh, Pennsylvania.

PPG Stock Price History

PPG Stock News Headlines

Next hot AI projects are NOT on the Nasdaq
Nearly 9 out of 10 Americans totally ignore this market. And you’ll probably never hear your broker mention it.
PPG to announce second-quarter 2024 results July 18
Next hot AI projects are NOT on the Nasdaq
Nearly 9 out of 10 Americans totally ignore this market. And you’ll probably never hear your broker mention it.
PPG Industries: Value Territory Here
PPG to build new facility in Tennessee
See More Headlines
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Company Calendar

Last Earnings
4/19/2024
Ex-Dividend for 6/12 Dividend
5/09/2024
Dividend Payable
6/12/2024
Today
7/09/2024
Next Earnings (Confirmed)
7/18/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Industry
Paints & allied products
Sub-Industry
Diversified Chemicals
CUSIP
69350610
Employees
53,000
Year Founded
1883

Price Target and Rating

Average Stock Price Target
$155.47
High Stock Price Target
$166.00
Low Stock Price Target
$140.00
Potential Upside/Downside
+22.4%
Consensus Rating
Hold
Rating Score (0-4)
2.47
Research Coverage
17 Analysts

Profitability

Net Income
$1.27 billion
Pretax Margin
10.63%

Debt

Sales & Book Value

Annual Sales
$18.25 billion
Cash Flow
$10.23 per share
Book Value
$34.03 per share

Miscellaneous

Free Float
233,187,000
Market Cap
$29.78 billion
Optionable
Optionable
Beta
1.26

Social Links

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Key Executives

Should I Buy PPG Industries Stock? PPG Pros and Cons Explained

Pros

Here are some ways that investors could benefit from investing in PPG Industries, Inc.:

  • PPG Industries, Inc. has a strong dividend yield of 1.99%, providing investors with a steady income stream relative to the stock price.
  • The company has initiated a stock repurchase plan to buy back $2.50 billion in outstanding shares, indicating confidence in its own value and potentially boosting share prices.
  • PPG Industries reported a return on equity of 22.98% in its latest earnings data, showcasing efficient use of shareholder equity to generate profits.
  • The stock price of PPG Industries, Inc. is currently trading at $130.41, potentially offering investors an entry point at a lower valuation compared to historical levels.
  • Analysts predict that PPG Industries, Inc. will post 8.44 earnings per share for the current year, indicating positive growth prospects for the company.

Cons

Investors should be bearish about investing in PPG Industries, Inc. for these reasons:

  • The company's revenue for the latest quarter was down 1.6% compared to the same quarter last year, signaling potential challenges in revenue growth.
  • PPG Industries, Inc. has a debt-to-equity ratio of 0.73, which may indicate higher financial leverage and associated risks for investors.
  • The stock has a 52-week high of $152.89, suggesting that the current trading price may be closer to the upper end of its historical range.
  • The business's revenue missed the consensus estimate in the latest earnings report, potentially leading to investor concerns about future performance.
  • PPG Industries, Inc. has a beta of 1.28, indicating higher volatility compared to the market, which may lead to greater price fluctuations for investors.
These pros and cons were generated based on recent news and financial data from MarketBeat in order to provide readers with the fastest and most accurate insights. They were last updated on Friday, July 5, 2024. Please send any questions or comments about these PPG Industries pros and cons to contact@marketbeat.com.

PPG Stock Analysis - Frequently Asked Questions

How have PPG shares performed this year?

PPG Industries' stock was trading at $149.55 at the beginning of 2024. Since then, PPG shares have decreased by 15.1% and is now trading at $127.0050.
View the best growth stocks for 2024 here
.

How were PPG Industries' earnings last quarter?

PPG Industries, Inc. (NYSE:PPG) released its earnings results on Friday, April, 19th. The specialty chemicals company reported $1.86 earnings per share for the quarter, meeting analysts' consensus estimates of $1.86. The firm's revenue for the quarter was down 1.6% compared to the same quarter last year.
Read the conference call transcript
.

Is PPG Industries buying back stock?

PPG Industries' board initiated a share repurchase program on Thursday, April 18th 2024, which allows the company to buy back $2,500,000,000 in shares, according to EventVestor. This means that the company could purchase up to 8.1% of its shares through open market purchases. Shares buyback programs are generally an indication that the company's board believes its stock is undervalued.

What is Michael H. McGarry's approval rating as PPG Industries' CEO?

337 employees have rated PPG Industries Chief Executive Officer Michael H. McGarry on Glassdoor.com. Michael H. McGarry has an approval rating of 65% among the company's employees.

Does PPG Industries have any subsidiaries?

PPG Industries subsidiaries include these companies: Versaflex, Worwag Coatings, Tikkurila Group, Ennis-Flint, Dexmet Corporation, Whitford, Paintzen, and others.

Who are PPG Industries' major shareholders?

PPG Industries' top institutional investors include DNB Asset Management AS (0.02%), Transcend Capital Advisors LLC (0.01%), First Hawaiian Bank and Thurston Springer Miller Herd & Titak Inc.. Insiders that own company stock include Michael H Mcgarry, Timothy M Knavish, Vincent J Morales, Rebecca B Liebert and Anne M Foulkes.
View institutional ownership trends
.

How do I buy shares of PPG Industries?

Shares of PPG stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

What other stocks do shareholders of PPG Industries own?

Based on aggregate information from My MarketBeat watchlists, some other companies that PPG Industries investors own include Johnson & Johnson (JNJ), AT&T (T), Coca-Cola (KO), AbbVie (ABBV), Home Depot (HD), Procter & Gamble (PG) and Intel (INTC).

This page (NYSE:PPG) was last updated on 7/9/2024 by MarketBeat.com Staff

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