PPG Industries (PPG) Given Coverage Optimism Score of 2.38

Press coverage about PPG Industries (NYSE:PPG) has been trending positive this week, InfoTrie reports. The research firm identifies positive and negative press coverage by monitoring more than six thousand blog and news sources in real time. The firm ranks coverage of public companies on a scale of negative five to positive five, with scores closest to five being the most favorable. PPG Industries earned a news sentiment score of 2.38 on their scale. InfoTrie also assigned news coverage about the specialty chemicals company an news buzz score of 10 out of 10, meaning that recent press coverage is extremely likely to have an effect on the company’s share price in the near term.

Here are some of the media headlines that may have effected PPG Industries’ analysis:

Several research firms recently weighed in on PPG. Deutsche Bank dropped their price objective on shares of PPG Industries from $124.00 to $116.00 and set a “buy” rating for the company in a research report on Tuesday, October 9th. Zacks Investment Research upgraded shares of PPG Industries from a “sell” rating to a “hold” rating in a research report on Monday, October 8th. Credit Suisse Group restated a “neutral” rating and issued a $119.00 price objective on shares of PPG Industries in a research report on Monday, September 24th. KeyCorp dropped their target price on shares of PPG Industries from $128.00 to $119.00 and set an “overweight” rating for the company in a research report on Friday, October 12th. Finally, Northcoast Research set a $114.00 target price on shares of PPG Industries and gave the company a “buy” rating in a research report on Tuesday, October 9th. One research analyst has rated the stock with a sell rating, twelve have issued a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus target price of $117.81.

Shares of PPG Industries stock opened at $107.29 on Monday. The firm has a market cap of $25.74 billion, a price-to-earnings ratio of 18.28, a price-to-earnings-growth ratio of 2.22 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 current ratio of 1.71 and a quick ratio of 1.22.

PPG Industries (NYSE:PPG) last issued its earnings results on Thursday, October 18th. The specialty chemicals company reported $1.45 EPS for the quarter, meeting the consensus estimate of $1.45. The company had revenue of $3.82 billion during the quarter, compared to analysts’ expectations of $3.81 billion. PPG Industries had a net margin of 8.34% and a return on equity of 27.83%. The business’s revenue for the quarter was up 1.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.52 EPS. As a group, sell-side analysts forecast that PPG Industries will post 5.81 EPS for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 12th. Investors of record on Monday, November 12th will be given a $0.48 dividend. This represents a $1.92 dividend on an annualized basis and a dividend yield of 1.79%. The ex-dividend date is Thursday, November 8th. PPG Industries’s dividend payout ratio is currently 32.71%.

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About PPG Industries

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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