PPG Industries PT Raised to $215.00 at Robert W. Baird (PPG)
Equities researchers at Robert W. Baird upped their price target on shares of PPG Industries (NYSE:PPG) from $200.00 to $215.00 in a research report issued on Friday, Stock Ratings Network.com reports. Robert W. Baird’s price objective points to a potential upside of 14.56% from the stock’s previous close.
Other equities research analysts have also recently issued reports about the stock. Analysts at Deutsche Bank reiterated a “buy” rating on shares of PPG Industries in a research note to investors on Friday, December 6th. They now have a $210.00 price target on the stock, up previously from $195.00. Separately, analysts at RBC Capital raised their price target on shares of PPG Industries from $176.00 to $205.00 in a research note to investors on Wednesday, October 23rd. They now have an “outperform” rating on the stock. Finally, analysts at Susquehanna raised their price target on shares of PPG Industries from $185.00 to $205.00 in a research note to investors on Tuesday, October 22nd. They now have a “positive” rating on the stock. Four equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus target price of $184.27.
PPG Industries (NYSE:PPG) opened at 187.67 on Friday. PPG Industries has a one year low of $128.20 and a one year high of $191.55. The stock’s 50-day moving average is $186.5 and its 200-day moving average is $171.5. The company has a market cap of $26.653 billion and a price-to-earnings ratio of 8.84.
PPG Industries (NYSE:PPG) last posted its quarterly earnings results on Thursday, January 16th. The company reported $1.81 EPS for the quarter, beating the Thomson Reuters consensus estimate of $1.73 by $0.08. The company had revenue of $3.70 billion for the quarter, compared to the consensus estimate of $3.71 billion. During the same quarter last year, the company posted $1.53 earnings per share. PPG Industries’s revenue was up 14.2% compared to the same quarter last year. 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 Wednesday, March 12th. Shareholders of record on Friday, February 21st will be paid a dividend of 0.61 per share. This represents a $2.44 annualized dividend and a dividend yield of 1.30%.
PPG Industries, Inc (NYSE:PPG) is a global supplier of protective and decorative coatings.
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