PPG Industries (PPG) Receiving Favorable Media Coverage, Analysis Shows

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:

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.

PPG Industries (NYSE:PPG) last released its quarterly earnings data on Thursday, October 18th. The specialty chemicals company reported $1.45 earnings per share for the quarter, meeting analysts’ consensus estimates of $1.45. The firm had revenue of $3.82 billion during the quarter, compared to analyst estimates of $3.81 billion. PPG Industries had a return on equity of 27.83% and a net margin of 8.34%. The business’s quarterly revenue was up 1.1% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.52 earnings per share. Research analysts predict that PPG Industries will post 5.81 EPS for the current year.

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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