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NYSE:PPG

PPG Industries (PPG) Stock Price, News & Analysis

$127.63
+1.18 (+0.93%)
(As of 12:01 PM ET)

About PPG Industries Stock (NYSE:PPG)

Key Stats

Today's Range
$127.39
$128.39
50-Day Range
$123.01
$134.54
52-Week Range
$118.07
$151.16
Volume
270,587 shs
Average Volume
1.59 million shs
Market Capitalization
$29.61 billion
P/E Ratio
20.23
Dividend Yield
2.13%
Price Target
$149.93
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
93rd Percentile Overall Score

PPG MarketRank™: 

PPG Industries scored higher than 93% of companies evaluated by MarketBeat, and ranked 22nd out of 191 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 2.65, and is based on 11 buy ratings, 6 hold ratings, and no sell ratings.

  • Amount of Analyst Coverage

    PPG Industries has only been the subject of 4 research reports in the past 90 days.

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

    Earnings for PPG Industries are expected to grow by 8.79% in the coming year, from $8.19 to $8.91 per share.

  • Price to Earnings Ratio vs. the Market

    The P/E ratio of PPG Industries is 20.04, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 125.43.

  • Price to Earnings Ratio vs. Sector

    The P/E ratio of PPG Industries is 20.04, which means that it is trading at a less expensive P/E ratio than the Basic Materials sector average P/E ratio of about 117.64.

  • Price to Earnings Growth Ratio

    PPG Industries has a PEG Ratio of 1.94. 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 3.68. 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

    0.87% 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 1.4, 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 20.63%, indicating that investor sentiment is improving significantly.
  • Dividend Yield

    PPG Industries pays a meaningful dividend of 2.15%, 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 30.53% 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

    0.87% 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 1.4, 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 20.63%, indicating that investor sentiment is improving significantly.
  • News Sentiment

    PPG Industries has a news sentiment score of 0.44. 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 news sentiment score is similar to the average news sentiment of Basic Materials companies.
  • News Coverage This Week

    MarketBeat has tracked 16 news articles for PPG Industries this week, compared to 11 articles on an average week.
  • Search Interest

    11 people have searched for PPG on MarketBeat in the last 30 days. This is an increase of 22% compared to the previous 30 days.
  • MarketBeat Follows

    10 people have added PPG Industries to their MarketBeat watchlist in the last 30 days. This is an increase of 400% 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.
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PPG Stock News Headlines

The PPG Industries headquarters is seen in downtown Pittsburgh, April 24, 2017
PPG will lay off 1,800 employees as paints and coatings maker aims to cut costs
PPG Industries plans to lay off about 1,800 employees amid efforts to cut costs, with the paints and coatings maker also inking a deal to sell a sizeable chunk of its architectural business
Invest in the company that won over the Dragons
The pioneer in smart-doorbell technology, RING, pitched their business on the hit show Shark Tank at a valuation of just $7 million - the sharks shut them down. 5 years later, the company sold to Amazon for more than $1 Billion, turning the 10% stake initially offered to the sharks from $700K to $100M!
PPG Industries Announces Senior VP Retirement Plan
RBC Capital Sticks to Their Hold Rating for PPG Industries (PPG)
PPG Industries (PPG) Receives a Hold from Barclays
See More Headlines

PPG Stock Analysis - Frequently Asked Questions

PPG Industries' stock was trading at $149.55 at the start of the year. Since then, PPG shares have decreased by 15.4% and is now trading at $126.45.
View the best growth stocks for 2024 here
.

PPG Industries, Inc. (NYSE:PPG) posted its quarterly earnings results on Wednesday, October, 16th. The specialty chemicals company reported $2.13 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.15 by $0.02. The company's revenue was down 1.5% compared to the same quarter last year.
Read the conference call transcript
.

PPG Industries' board initiated a stock buyback plan on Thursday, April 18th 2024, which allows the company to repurchase $2,500,000,000 in outstanding shares, according to EventVestor. This means that the company could purchase up to 8.1% of its shares through open market purchases. Shares buyback plans are often an indication that the company's board 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 others.

Top institutional shareholders of PPG Industries include DekaBank Deutsche Girozentrale (0.45%), Raymond James & Associates (0.26%), International Assets Investment Management LLC (0.18%) and Vest Financial LLC (0.17%). 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 Verizon Communications (VZ), Humana (HUM), American Water Works (AWK), Waste Connections (WCN), Triple Flag Precious Metals (TFPM), DiamondRock Hospitality (DRH) and The RMR Group (RMR).

Company Calendar

Ex-Dividend for 9/12 Dividend
8/12/2024
Dividend Payable
9/12/2024
Last Earnings
10/16/2024
Today
10/28/2024
Ex-Dividend for 12/12 Dividend
11/12/2024
Dividend Payable
12/12/2024
Fiscal Year End
12/31/2024
Next Earnings (Estimated)
1/16/2025

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
$149.93
High Stock Price Target
$163.00
Low Stock Price Target
$136.00
Potential Upside/Downside
+18.6%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.65
Research Coverage
17 Analysts

Profitability

Net Income
$1.27 billion
Pretax Margin
11.28%

Debt

Sales & Book Value

Annual Sales
$18.03 billion
Cash Flow
$10.08 per share
Book Value
$34.36 per share

Miscellaneous

Free Float
230,724,000
Market Cap
$29.65 billion
Optionable
Optionable
Beta
1.26

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This page (NYSE:PPG) was last updated on 10/28/2024 by MarketBeat.com Staff
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