PPG Industries PT Raised to $205.00 at Susquehanna (PPG)
Stock analysts at Susquehanna hoisted their target price on shares of PPG Industries (NYSE:PPG) from $185.00 to $205.00 in a report issued on Tuesday, Analyst Ratings Network.com reports. The firm currently has a “positive” rating on the stock. Susquehanna’s price objective points to a potential upside of 13.81% from the stock’s previous close.
Several other analysts have also recently commented on the stock. Analysts at UBS AG raised their price target on shares of PPG Industries from $156.00 to $173.00 in a research note to investors on Friday. They now have a “neutral” rating on the stock. Separately, analysts at Robert W. Baird raised their price target on shares of PPG Industries from $175.00 to $200.00 in a research note to investors on Friday. They now have an “outperform” rating on the stock. Finally, analysts at Deutsche Bank raised their price target on shares of PPG Industries from $180.00 to $195.00 in a research note to investors on Friday. They now have a “buy” rating on the stock. Six investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average target price of $164.94.
Shares of PPG Industries (NYSE:PPG) traded up 1.99% during mid-day trading on Tuesday, hitting $180.12. The stock had a trading volume of 909,553 shares. PPG Industries has a 1-year low of $107.43 and a 1-year high of $165.64. The stock’s 50-day moving average is $160.3 and its 200-day moving average is $150.3. The company has a market cap of $25.740 billion and a price-to-earnings ratio of 8.22.
PPG Industries (NYSE:PPG) last issued its quarterly earnings data on Thursday, October 17th. The company reported $2.44 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.33 by $0.11. The company had revenue of $4.00 billion for the quarter, compared to the consensus estimate of $3.96 billion. During the same quarter in the previous year, the company posted $2.24 earnings per share. The company’s revenue for the quarter was up 16.8% on a year-over-year basis. On average, analysts predict that PPG Industries will post $8.20 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Thursday, December 12th. Stockholders of record on Monday, November 11th will be paid a dividend of $0.61 per share. This represents a $2.44 annualized dividend and a dividend yield of 1.35%. The ex-dividend date is Wednesday, November 6th.
PPG Industries, Inc (NYSE:PPG) is a global supplier of protective and decorative coatings.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.