PPG Industries (PPG) Earns Daily Media Sentiment Rating of 2.58

News stories about PPG Industries (NYSE:PPG) have trended positive recently, according to InfoTrie. The research firm identifies positive and negative news coverage by reviewing more than six thousand blog and news sources. The firm ranks coverage of publicly-traded companies on a scale of negative five to five, with scores closest to five being the most favorable. PPG Industries earned a media sentiment score of 2.58 on their scale. InfoTrie also assigned media coverage about the specialty chemicals company an news buzz score of 10 out of 10, indicating that recent news coverage is extremely likely to have an effect on the stock’s share price in the next several days.

Here are some of the media headlines that may have impacted PPG Industries’ analysis:

PPG Industries stock traded down $0.96 during mid-day trading on Friday, hitting $107.71. The company’s stock had a trading volume of 897,306 shares, compared to its average volume of 1,766,793. The company has a debt-to-equity ratio of 0.99, a quick ratio of 1.22 and a current ratio of 1.71. The firm has a market cap of $25.75 billion, a price-to-earnings ratio of 18.35, a price-to-earnings-growth ratio of 2.22 and a beta of 1.36. PPG Industries has a twelve month low of $94.37 and a twelve month high of $122.07.

PPG Industries (NYSE:PPG) last posted its quarterly earnings results on Thursday, October 18th. The specialty chemicals company reported $1.45 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $1.45. PPG Industries had a net margin of 8.34% and a return on equity of 27.83%. The firm had revenue of $3.82 billion for the quarter, compared to analyst estimates of $3.81 billion. During the same quarter in the previous year, the business posted $1.52 earnings per share. The firm’s quarterly revenue was up 1.1% compared to the same quarter last year. As a group, equities analysts predict that PPG Industries will post 5.81 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 12th. Investors of record on Monday, November 12th will be paid a $0.48 dividend. This represents a $1.92 dividend on an annualized basis and a yield of 1.78%. The ex-dividend date of this dividend is Thursday, November 8th. PPG Industries’s dividend payout ratio is 32.71%.

A number of research analysts recently commented on the stock. Credit Suisse Group reiterated a “neutral” rating and set a $119.00 price objective on shares of PPG Industries in a research note on Monday, September 24th. Zacks Investment Research lowered shares of PPG Industries from a “hold” rating to a “sell” rating in a research note on Wednesday, September 19th. JPMorgan Chase & Co. lowered shares of PPG Industries from an “overweight” rating to a “neutral” rating and set a $113.00 price objective on the stock. in a research note on Friday, July 27th. They noted that the move was a valuation call. Vertical Research lowered shares of PPG Industries from a “buy” rating to a “hold” rating in a research report on Tuesday, October 9th. Finally, Deutsche Bank decreased their price target on shares of PPG Industries from $124.00 to $116.00 and set a “buy” rating on the stock in a research report on Tuesday, October 9th. One analyst has rated the stock with a sell rating, twelve have assigned a hold rating, six have given a buy rating and one has issued a strong buy rating to the stock. PPG Industries has an average rating of “Hold” and an average price target of $117.81.

ILLEGAL ACTIVITY NOTICE: “PPG Industries (PPG) Earns Daily Media Sentiment Rating of 2.58” was published by American Banking News and is the sole property of of American Banking News. If you are accessing this piece on another publication, it was stolen and republished in violation of international copyright and trademark legislation. The correct version of this piece can be accessed at https://www.americanbankingnews.com/2018/11/09/ppg-industries-ppg-earns-daily-media-sentiment-rating-of-2-58.html.

PPG Industries Company Profile

PPG Industries, Inc manufactures and distributes paints, coatings, and specialty materials in the United States and internationally. It operates through Performance Coatings and Industrial Coatings segments. The Performance Coatings segment provides coatings products for automotive and commercial transport/fleet repair and refurbishing; light industrial and specialty coatings for signs; coatings, sealants, and transparencies for commercial, military, regional jet and general aviation aircraft, and transparent armor; protective and marine coatings and finishes; architectural coatings; and purchased sundries to painting contractors and consumers, as well as chemical management services.

Further Reading: What is a stock split?

Insider Buying and Selling by Quarter for PPG Industries (NYSE:PPG)

Receive News & Ratings for PPG Industries Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for PPG Industries and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply