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NYSE:PPG

PPG Industries (PPG) Stock Price, News & Analysis

$127.46
0.00 (0.00%)
(As of 09/18/2024 ET)

About PPG Industries Stock (NYSE:PPG)

Key Stats

Today's Range
$126.91
$129.03
50-Day Range
$118.32
$133.75
52-Week Range
$118.07
$151.16
Volume
1.31 million shs
Average Volume
1.60 million shs
Market Capitalization
$29.89 billion
P/E Ratio
21.53
Dividend Yield
2.13%
Price Target
$151.08
Consensus Rating
Moderate Buy

Company Overview

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. The Industrial Coatings segment offers coatings, adhesives and sealants, and metal pretreatments, as well as services and coatings applications for appliances, agricultural and construction equipment, consumer electronics, automotive parts and accessories, building products, kitchenware, and transportation vehicles and other finished products; and on-site coatings services. It also provides coatings for metal cans, closures, plastic and aluminum tubes for food, beverage and personal care, promotional, and specialty packaging; amorphous precipitated silica for tire, battery separator, and other end-uses; TESLIN substrates for labels, e-passports, drivers' licenses, breathable membranes, and loyalty and identification cards; and organic light emitting diode materials, displays and lighting lens materials, optical lenses, color-change products, and photochromic dyes. PPG Industries, Inc. was incorporated in 1883 and is headquartered in Pittsburgh, Pennsylvania.

PPG Industries Stock Analysis - MarketRank™

See Top Rated MarketRank™ Stocks

Overall MarketRank™: 97th Percentile

PPG Industries scored higher than 97% of companies evaluated by MarketBeat, and ranked 11th out of 195 stocks in the basic materials sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

  • Consensus Rating

    PPG Industries has received a consensus rating of Moderate Buy. The company's average rating score is 2.60, and is based on 9 buy ratings, 6 hold ratings, and no sell ratings.

  • Amount of Analyst Coverage

    PPG Industries has been the subject of 7 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

  • Read more about PPG Industries' stock forecast and price target.
  • Earnings Growth

    Earnings for PPG Industries are expected to grow by 11.27% in the coming year, from $8.25 to $9.18 per share.

  • Price to Earnings Ratio vs. the Market

    The P/E ratio of PPG Industries is 21.53, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 134.17.

  • Price to Earnings Ratio vs. Sector

    The P/E ratio of PPG Industries is 21.53, which means that it is trading at a less expensive P/E ratio than the Basic Materials sector average P/E ratio of about 121.72.

  • Price to Earnings Growth Ratio

    PPG Industries has a PEG Ratio of 1.69. PEG Ratios above 1 indicate that a company could be overvalued.

  • Price to Book Value per Share Ratio

    PPG Industries has a P/B Ratio of 3.75. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

  • Read more about PPG Industries' valuation and earnings.
  • Percentage of Shares Shorted

    1.23% of the float of PPG Industries has been sold short.
  • Short Interest Ratio / Days to Cover

    PPG Industries has a short interest ratio ("days to cover") of 2, which is generally considered an acceptable ratio of short interest to trading volume.
  • Change versus previous month

    Short interest in PPG Industries has recently decreased by 11.49%, indicating that investor sentiment is improving significantly.
  • Dividend Yield

    PPG Industries pays a meaningful dividend of 2.14%, higher than the bottom 25% of all stocks that pay dividends.

  • Dividend Growth

    PPG Industries has been increasing its dividend for 54 years.

  • Dividend Coverage

    The dividend payout ratio of PPG Industries is 45.95%. This payout ratio is at a healthy, sustainable level, below 75%.

  • Dividend Sustainability

    Based on earnings estimates, PPG Industries will have a dividend payout ratio of 29.63% next year. This indicates that PPG Industries will be able to sustain or increase its dividend.

  • Read more about PPG Industries' dividend.
  • Percentage of Shares Shorted

    1.23% of the float of PPG Industries has been sold short.
  • Short Interest Ratio / Days to Cover

    PPG Industries has a short interest ratio ("days to cover") of 2, which is generally considered an acceptable ratio of short interest to trading volume.
  • Change versus previous month

    Short interest in PPG Industries has recently decreased by 11.49%, indicating that investor sentiment is improving significantly.
  • News Sentiment

    PPG Industries has a news sentiment score of 1.07. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.37 average news sentiment score of Basic Materials companies.
  • News Coverage This Week

    MarketBeat has tracked 11 news articles for PPG Industries this week, compared to 11 articles on an average week.
  • Search Interest

    Only 8 people have searched for PPG on MarketBeat in the last 30 days. This is a decrease of -20% compared to the previous 30 days.
  • MarketBeat Follows

    Only 2 people have added PPG Industries to their MarketBeat watchlist in the last 30 days. This is a decrease of -67% compared to the previous 30 days.
  • Insider Buying vs. Insider Selling

    In the past three months, PPG Industries insiders have not sold or bought any company stock.

  • Percentage Held by Insiders

    Only 0.55% of the stock of PPG Industries is held by insiders.

  • Percentage Held by Institutions

    81.86% of the stock of PPG Industries is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

  • Read more about PPG Industries' insider trading history.

PPG Stock News Headlines

PPG Sep 2024 107.000 put
Massive shakeup in defense contracting
There is a little-known energy technology stock that has made an incredible breakthrough… Which could become crucial to the operations of the US Military. And right now there are plans for this stock to undertake a major test project at a US Air Force based in Alaska. Now, this incredible breakthrough is still in its earliest stages… Which means you still have a chance to get in while its trading for under $10.
See More Headlines

PPG Stock Analysis - Frequently Asked Questions

PPG Industries' stock was trading at $149.55 at the beginning of 2024. Since then, PPG stock has decreased by 14.8% and is now trading at $127.46.
View the best growth stocks for 2024 here
.

PPG Industries, Inc. (NYSE:PPG) posted its quarterly earnings results on Thursday, July, 18th. The specialty chemicals company reported $2.50 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.48 by $0.02. The firm's revenue was down 1.6% compared to the same quarter last year.
Read the conference call transcript
.

PPG Industries' Board of Directors approved a stock buyback program on Thursday, April 18th 2024, which authorizes the company to buy back $2,500,000,000 in outstanding shares, according to EventVestor. This means that the company could reacquire up to 8.1% of its stock through open market purchases. Stock repurchase programs are often an indication that the company's board of directors believes its shares are undervalued.

The following companies are subsidiaries of PPG Industries: Versaflex, Worwag Coatings, Tikkurila Group, Ennis-Flint, Dexmet Corporation, Whitford, Paintzen, and more.

PPG Industries' top institutional shareholders include Massachusetts Financial Services Co. MA (3.17%), Clearbridge Investments LLC (1.39%), Dimensional Fund Advisors LP (0.94%) and Bank of New York Mellon Corp (0.80%). Insiders that own company stock include Michael H Mcgarry, Timothy M Knavish, Vincent J Morales, Rebecca B Liebert and Anne M Foulkes.
View institutional ownership trends
.

Shares of PPG stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

Based on aggregate information from My MarketBeat watchlists, some other companies that PPG Industries investors own include Johnson & Johnson (JNJ), AT&T (T), Coca-Cola (KO), AbbVie (ABBV), Home Depot (HD), Procter & Gamble (PG) and Intel (INTC).

Company Calendar

Last Earnings
7/18/2024
Ex-Dividend for 9/12 Dividend
8/12/2024
Dividend Payable
9/12/2024
Today
9/18/2024
Next Earnings (Estimated)
10/16/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Industry
Paints & allied products
Sub-Industry
Diversified Chemicals
CUSIP
69350610
Employees
53,000
Year Founded
1883

Price Target and Rating

Average Stock Price Target
$151.08
High Stock Price Target
$163.00
Low Stock Price Target
$139.00
Potential Upside/Downside
+18.5%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.60
Research Coverage
15 Analysts

Profitability

Net Income
$1.27 billion
Pretax Margin
10.94%

Debt

Sales & Book Value

Annual Sales
$18.10 billion
Cash Flow
$10.25 per share
Book Value
$34.03 per share

Miscellaneous

Free Float
233,210,000
Market Cap
$29.89 billion
Optionable
Optionable
Beta
1.26

Social Links

Should I Buy PPG Industries Stock? PPG Pros and Cons Explained

These pros and cons were generated based on recent news and financial data from MarketBeat in order to provide readers with the fastest and most accurate insights. They were last updated on Tuesday, September 3, 2024. Please send any questions or comments about these PPG Industries pros and cons to contact@marketbeat.com.

PPG Industries
Bull Case

green Wall Street bull icon

Here are some ways that investors could benefit from investing in PPG Industries, Inc.:

  • PPG Industries has a consensus rating of "Moderate Buy" with a consensus price target of $151.08, indicating positive sentiment from analysts.
  • The company recently increased its quarterly dividend from $0.65 to $0.68 per share, showing a commitment to rewarding shareholders.
  • PPG Industries announced a share buyback plan of $2.50 billion, suggesting confidence in the company's value and potential for growth.
  • The stock has a dividend yield of 2.28%, providing investors with a steady income stream alongside potential capital appreciation.
  • Despite recent fluctuations, PPG Industries has a strong track record of financial performance and a diversified business across regions, reducing risk exposure.

PPG Industries
Bear Case

red Wall Street bear icon

Investors should be bearish about investing in PPG Industries, Inc. for these reasons:

  • PPG Industries' stock price has been fluctuating, currently trading below its 50-day and 200-day moving averages, indicating potential short-term volatility.
  • The company's revenue in the last quarter was below analyst expectations, signaling potential challenges in revenue growth and market demand.
  • KeyCorp, BMO Capital Markets, and Royal Bank of Canada have all reduced their price targets on PPG Industries, reflecting concerns about the company's future performance.
  • The company's debt-to-equity ratio of 0.73 may raise concerns about its financial leverage and ability to manage debt obligations effectively.
  • PPG Industries' stock has a beta of 1.26, indicating higher volatility compared to the market average, which may not be suitable for all investors seeking stability.

This page (NYSE:PPG) was last updated on 9/18/2024 by MarketBeat.com Staff
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