PPG Industries, Inc. (NYSE:PPG) Receives $149.29 Consensus Price Target from Analysts

Shares of PPG Industries, Inc. (NYSE:PPG - Get Free Report) have been assigned a consensus recommendation of "Moderate Buy" from the seventeen analysts that are currently covering the firm, Marketbeat reports. Seven analysts have rated the stock with a hold recommendation and ten have assigned a buy recommendation to the company. The average 12-month price target among brokers that have updated their coverage on the stock in the last year is $149.29.

A number of brokerages have weighed in on PPG. Deutsche Bank Aktiengesellschaft dropped their target price on shares of PPG Industries from $150.00 to $145.00 and set a "buy" rating on the stock in a report on Thursday. KeyCorp lowered shares of PPG Industries from a "strong-buy" rating to a "hold" rating in a research note on Monday, December 16th. Royal Bank of Canada decreased their target price on PPG Industries from $138.00 to $136.00 and set a "sector perform" rating for the company in a research note on Tuesday, October 22nd. Citigroup dropped their price target on PPG Industries from $150.00 to $145.00 and set a "buy" rating on the stock in a research report on Wednesday. Finally, JPMorgan Chase & Co. reduced their price objective on PPG Industries from $155.00 to $145.00 and set an "overweight" rating for the company in a research report on Friday, October 18th.

Insider Activity at PPG Industries

In other PPG Industries news, VP Anne M. Foulkes sold 1,985 shares of the stock in a transaction on Thursday, October 31st. The stock was sold at an average price of $125.80, for a total transaction of $249,713.00. Following the completion of the transaction, the vice president now directly owns 13,454 shares of the company's stock, valued at approximately $1,692,513.20. This trade represents a 12.86 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Company insiders own 0.55% of the company's stock.

Institutional Trading of PPG Industries

Several institutional investors have recently modified their holdings of PPG. Insight Folios Inc raised its position in PPG Industries by 3.8% in the third quarter. Insight Folios Inc now owns 2,217 shares of the specialty chemicals company's stock worth $294,000 after acquiring an additional 81 shares in the last quarter. Oregon Public Employees Retirement Fund lifted its stake in PPG Industries by 0.4% during the second quarter. Oregon Public Employees Retirement Fund now owns 20,244 shares of the specialty chemicals company's stock valued at $2,549,000 after purchasing an additional 82 shares during the last quarter. Klingman & Associates LLC boosted its holdings in PPG Industries by 2.6% during the second quarter. Klingman & Associates LLC now owns 3,326 shares of the specialty chemicals company's stock worth $419,000 after buying an additional 83 shares in the last quarter. Bradley Foster & Sargent Inc. CT grew its position in PPG Industries by 1.7% in the second quarter. Bradley Foster & Sargent Inc. CT now owns 5,310 shares of the specialty chemicals company's stock worth $669,000 after buying an additional 90 shares during the last quarter. Finally, Alpha DNA Investment Management LLC grew its position in PPG Industries by 1.1% in the third quarter. Alpha DNA Investment Management LLC now owns 8,344 shares of the specialty chemicals company's stock worth $1,105,000 after buying an additional 92 shares during the last quarter. Institutional investors and hedge funds own 81.86% of the company's stock.

PPG Industries Stock Up 0.6 %

NYSE:PPG traded up $0.69 during mid-day trading on Friday, reaching $120.21. The stock had a trading volume of 3,868,638 shares, compared to its average volume of 1,639,779. The company has a debt-to-equity ratio of 0.77, a current ratio of 1.58 and a quick ratio of 1.13. The company has a market capitalization of $27.89 billion, a price-to-earnings ratio of 19.05, a price-to-earnings-growth ratio of 1.90 and a beta of 1.24. PPG Industries has a 1-year low of $118.07 and a 1-year high of $150.82. The stock's 50 day simple moving average is $124.99 and its two-hundred day simple moving average is $126.21.

PPG Industries (NYSE:PPG - Get Free Report) last issued its earnings results on Wednesday, October 16th. The specialty chemicals company reported $2.13 EPS for the quarter, missing the consensus estimate of $2.15 by ($0.02). The firm had revenue of $4.58 billion during the quarter, compared to analyst estimates of $4.66 billion. PPG Industries had a return on equity of 23.63% and a net margin of 8.24%. PPG Industries's revenue was down 1.5% compared to the same quarter last year. During the same quarter in the previous year, the business posted $2.07 EPS. Equities analysts anticipate that PPG Industries will post 8.18 EPS for the current year.

PPG Industries Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, December 12th. Stockholders of record on Tuesday, November 12th were paid a $0.68 dividend. This represents a $2.72 dividend on an annualized basis and a dividend yield of 2.26%. The ex-dividend date of this dividend was Tuesday, November 12th. PPG Industries's dividend payout ratio is currently 43.11%.

PPG Industries Company Profile

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.