Press coverage about PPG Industries (NYSE:PPG) has trended somewhat positive on Sunday, Accern Sentiment Analysis reports. Accern identifies negative and positive media coverage by analyzing more than twenty million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. PPG Industries earned a daily sentiment score of 0.19 on Accern’s scale. Accern also assigned news articles about the specialty chemicals company an impact score of 46.0514465320039 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the near term.
These are some of the news articles that may have effected Accern Sentiment Analysis’s scoring:
- 3 petrochemical companies to pay $11M in waste violations (marketbeat.com)
- Paints and Coatings Market : Introduction of Nano-Coatings Is Predicted to Create Promising Growth (digitaljournal.com)
- 4 Industrial Dividend Growth Stocks To Consider (seekingalpha.com)
- RPM International’s Valuations before Its 3Q18 Earnings (finance.yahoo.com)
- Form PX14A6G PPG INDUSTRIES INC Filed by: Chevedden John (streetinsider.com)
PPG stock traded up $1.63 during midday trading on Friday, reaching $111.60. The stock had a trading volume of 1,276,966 shares, compared to its average volume of 1,429,583. The firm has a market capitalization of $27,886.72, a price-to-earnings ratio of 19.01, a price-to-earnings-growth ratio of 1.94 and a beta of 1.56. 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 has a 52-week low of $100.45 and a 52-week high of $122.07.
The business also recently disclosed a quarterly dividend, which was paid on Monday, March 12th. Shareholders of record on Friday, February 16th were paid a dividend of $0.45 per share. The ex-dividend date of this dividend was Thursday, February 15th. This represents a $1.80 dividend on an annualized basis and a dividend yield of 1.61%. PPG Industries’s payout ratio is currently 30.66%.
PPG Industries declared that its board has authorized a share buyback plan on Thursday, December 14th that authorizes the company to buyback $2.50 billion in shares. This buyback authorization authorizes the specialty chemicals company to buy shares of its stock through open market purchases. Stock buyback plans are generally a sign that the company’s board believes its stock is undervalued.
PPG has been the subject of a number of recent analyst reports. Deutsche Bank raised PPG Industries from a “hold” rating to a “buy” rating and raised their price objective for the stock from $126.00 to $130.00 in a research report on Tuesday, March 20th. Jefferies Group reissued a “buy” rating and issued a $135.00 price objective on shares of PPG Industries in a research report on Wednesday, January 3rd. Northcoast Research reissued a “buy” rating and issued a $128.00 price objective on shares of PPG Industries in a research report on Friday, January 19th. Barclays reissued an “equal weight” rating and issued a $122.00 price objective (down previously from $125.00) on shares of PPG Industries in a research report on Friday, March 2nd. Finally, Royal Bank of Canada reissued a “hold” rating and issued a $115.00 price objective on shares of PPG Industries in a research report on Wednesday, January 17th. One analyst has rated the stock with a sell rating, eleven have issued a hold rating and eight have assigned a buy rating to the stock. PPG Industries has a consensus rating of “Hold” and a consensus price target of $125.00.
In other PPG Industries news, VP Jean-Marie Greindl sold 9,500 shares of PPG Industries stock in a transaction dated Thursday, February 22nd. The stock was sold at an average price of $115.79, for a total transaction of $1,100,005.00. Following the completion of the transaction, the vice president now owns 27,685 shares in the company, valued at approximately $3,205,646.15. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 0.33% of the company’s stock.
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PPG Industries Company Profile
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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