Media coverage about PPG Industries (NYSE:PPG) has been trending positive this week, InfoTrie reports. The research group identifies negative and positive news coverage by analyzing more than 6,000 news and blog sources in real-time. The firm ranks coverage of companies on a scale of negative five to five, with scores closest to five being the most favorable. PPG Industries earned a media sentiment score of 2.27 on their scale. InfoTrie also gave headlines about the specialty chemicals company an news buzz score of 9 out of 10, indicating that recent news coverage is extremely likely to have an impact on the stock’s share price in the next several days.
These are some of the headlines that may have effected PPG Industries’ analysis:
- PPG Industries (PPG) Up 8.3% Since Last Earnings Report: Can It Continue? (finance.yahoo.com)
- Activist investor Trian is a threat to PPG (msn.com)
- Aerospace Plastics Market Analysis by Top Companies: DuPont, Hexcel, PPG Industries, Saint-Gobain, Solvay, Aerospace Plastic Components (openpr.com)
- Legault suggests boycott as paint-maker Sico announces shutdowns (montrealgazette.com)
- Blunt response to the situation: PPG Industries, Inc. (PPG), Centene Corporation (CNC) (finbulletin.com)
Shares of NYSE:PPG traded up $0.09 during trading on Friday, reaching $107.17. 2,147,739 shares of the company traded hands, compared to its average volume of 2,487,547. The firm has a market cap of $25.27 billion, a PE ratio of 18.26, a price-to-earnings-growth ratio of 2.18 and a beta of 1.36. PPG Industries has a 52-week low of $94.37 and a 52-week high of $122.07. The company has a debt-to-equity ratio of 0.99, a quick ratio of 1.22 and a current ratio of 1.71.
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, December 12th. Investors of record on Monday, November 12th will be issued a dividend of $0.48 per share. The ex-dividend date of this dividend is Thursday, November 8th. This represents a $1.92 dividend on an annualized basis and a dividend yield of 1.79%. PPG Industries’s dividend payout ratio is presently 32.71%.
Several analysts have issued reports on PPG shares. Credit Suisse Group cut their target price on PPG Industries from $122.00 to $119.00 and set an “outperform” rating for the company in a research note on Friday, July 20th. ValuEngine lowered PPG Industries from a “hold” rating to a “sell” rating in a research note on Tuesday, October 9th. BMO Capital Markets dropped their price objective on PPG Industries from $116.00 to $107.00 and set a “hold” rating for the company in a research note on Friday, October 19th. Goldman Sachs Group raised PPG Industries from a “buy” rating to a “conviction-buy” rating in a research note on Monday, October 29th. Finally, Northcoast Research set a $114.00 price objective on PPG Industries and gave the company a “buy” rating in a research note on Tuesday, October 9th. One investment analyst has rated the stock with a sell rating, twelve have assigned a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average target price of $117.81.
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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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