PPG Industries (PPG) Earning Somewhat Favorable Media Coverage, Report Shows
News headlines about PPG Industries (NYSE:PPG) have trended somewhat positive recently, Alpha One Sentiment Analysis reports. The research group, a division of Accern, identifies negative and positive news coverage by analyzing more than 20 million blog and news sources in real-time. Alpha One ranks coverage of companies on a scale of negative one to positive one, with scores closest to one being the most favorable. PPG Industries earned a media sentiment score of 0.25 on Alpha One’s scale. Alpha One also assigned media headlines about the specialty chemicals company an impact score of 54 out of 100, meaning that recent news coverage is somewhat likely to have an impact on the stock’s share price in the immediate future.
These are some of the media headlines that may have effected AlphaOne’s scoring:
- Akzo CEO says a PPG merger could create problems (marketwatch.com)
- Calculating the fair value of PPG Industries Inc (PPG) (simplywall.st)
- Could Akzo's Third Snub Turn PPG's Approach Hostile? (finance.yahoo.com)
- ETFs with exposure to PPG Industries, Inc. : May 8, 2017 (finance.yahoo.com)
- AkzoNobel turns down third PPG takeover offer, to focus on new strategy (plasticsnews.com)
PPG Industries (NYSE:PPG) traded down 1.57% on Monday, reaching $108.43. The company’s stock had a trading volume of 1,310,048 shares. PPG Industries has a 52-week low of $89.64 and a 52-week high of $113.49. The stock’s 50 day moving average price is $106.38 and its 200 day moving average price is $99.99. The firm has a market cap of $27.78 billion, a PE ratio of 33.20 and a beta of 1.39.
PPG Industries (NYSE:PPG) last announced its quarterly earnings data on Thursday, April 20th. The specialty chemicals company reported $1.35 EPS for the quarter, beating the consensus estimate of $1.32 by $0.03. The firm had revenue of $3.57 billion for the quarter, compared to analyst estimates of $3.53 billion. PPG Industries had a return on equity of 29.94% and a net margin of 5.84%. The company’s revenue was up .7% on a year-over-year basis. During the same period in the prior year, the company earned $1.31 EPS. Equities research analysts expect that PPG Industries will post $6.26 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 12th. Stockholders of record on Wednesday, May 10th will be given a dividend of $0.40 per share. The ex-dividend date is Monday, May 8th. This represents a $1.60 annualized dividend and a dividend yield of 1.48%. PPG Industries’s dividend payout ratio (DPR) is presently 48.93%.
A number of equities research analysts have recently weighed in on the company. Barclays PLC lifted their target price on PPG Industries from $110.00 to $115.00 and gave the stock an “equal weight” rating in a report on Monday, April 24th. Wells Fargo & Co downgraded PPG Industries from an “outperform” rating to a “market perform” rating in a report on Thursday, March 9th. Deutsche Bank AG reissued a “hold” rating and set a $110.00 target price (up previously from $102.00) on shares of PPG Industries in a report on Sunday, April 23rd. Jefferies Group LLC reissued a “buy” rating and set a $120.00 target price (up previously from $113.00) on shares of PPG Industries in a report on Tuesday, April 18th. Finally, Citigroup Inc reissued a “market perform” rating on shares of PPG Industries in a report on Friday, April 14th. Eleven investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company. The company currently has an average rating of “Hold” and a consensus target price of $114.46.
About PPG Industries
PPG Industries, Inc manufactures and distributes a range of coatings and specialty materials. The Company has three segments: Performance Coatings, Industrial Coatings and Glass. The Performance Coatings segment includes the refinish, aerospace, protective and marine, architectural businesses. The Industrial Coatings segment includes the automotive original equipment manufacturer (OEM), industrial coatings, packaging coatings, coatings services and specialty coatings and materials businesses.
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