PPG Industries Given Average Rating of “Buy” by Analysts (NYSE:PPG)
PPG Industries (NYSE:PPG) has been given an average recommendation of “Buy” by the thirteen analysts that are presently covering the company, StockRatingsNetwork reports. Two investment analysts have rated the stock with a hold rating and nine have issued a buy rating on the company. The average 12-month target price among brokers that have issued ratings on the stock in the last year is $208.92.
A number of analysts have recently weighed in on PPG shares. Analysts at JPMorgan Chase & Co. reiterated an “overweight” rating on shares of PPG Industries in a research note on Friday, July 18th. They now have a $230.00 price target on the stock, up previously from $225.00. Separately, analysts at Zacks reiterated a “neutral” rating on shares of PPG Industries in a research note on Friday, July 18th. They now have a $218.00 price target on the stock. Finally, analysts at Deutsche Bank reiterated a “buy” rating on shares of PPG Industries in a research note on Friday, July 18th. They now have a $235.00 price target on the stock.
Shares of PPG Industries (NYSE:PPG) opened at 197.32 on Monday. PPG Industries has a one year low of $155.27 and a one year high of $213.01. The stock has a 50-day moving average of $205.6 and a 200-day moving average of $196.8. The company has a market cap of $27.197 billion and a P/E ratio of 13.22.
PPG Industries (NYSE:PPG) last released its earnings data on Thursday, July 17th. The company reported $2.80 EPS for the quarter, beating the Thomson Reuters consensus estimate of $2.78 by $0.02. The company had revenue of $4.10 billion for the quarter, compared to the consensus estimate of $4.14 billion. During the same quarter in the prior year, the company posted $2.45 earnings per share. The company’s quarterly revenue was up 5.1% on a year-over-year basis. Analysts expect that PPG Industries will post $9.55 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Friday, September 12th. Investors of record on Monday, August 11th will be paid a dividend of $0.67 per share. This represents a $2.68 annualized dividend and a dividend yield of 1.36%. The ex-dividend date is Thursday, August 7th.
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.