PPG Industries’s Neutral Rating Reaffirmed at Zacks (PPG)
PPG Industries (NYSE:PPG)‘s stock had its “neutral” rating restated by Zacks in a research report issued on Friday, AnalystRatings.NET reports. They currently have a $197.00 price target on the stock. Zacks‘ target price indicates a potential upside of 4.97% from the stock’s previous close.
PPG has been the subject of a number of other recent research reports. Analysts at JPMorgan Chase & Co. raised their price target on shares of PPG Industries to $197.00 in a research note to investors on Friday. Separately, analysts at Robert W. Baird raised their price target on shares of PPG Industries from $200.00 to $215.00 in a research note to investors on Friday. Finally, 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. Four equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. The company currently has an average rating of “Buy” and a consensus price target of $186.50.
PPG Industries (NYSE:PPG) traded up 1.33% on Friday, hitting $190.16. The stock had a trading volume of 653,753 shares. PPG Industries has a one year low of $128.20 and a one year high of $191.55. The stock has a 50-day moving average of $186.5 and a 200-day moving average of $171.5. The company has a market cap of $27.007 billion and a price-to-earnings ratio of 8.70.
PPG Industries (NYSE:PPG) last issued its quarterly earnings data on Thursday, January 16th. The company reported $1.81 earnings per share (EPS) for the quarter, beating the 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 in the previous year, the company posted $1.53 earnings per share. The company’s revenue for the quarter was up 14.2% on a year-over-year basis. Analysts expect that PPG Industries will post $9.47 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Wednesday, March 12th. Shareholders of record on Friday, February 21st will be given a dividend of 0.61 per share. This represents a $2.44 dividend on an annualized basis and a yield of 1.30%.
PPG Industries, Inc (NYSE:PPG) is a global supplier of protective and decorative coatings.
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