Media stories about PPG Industries (NYSE:PPG) have been trending somewhat positive this week, Accern Sentiment reports. The research group scores the sentiment of news coverage by monitoring more than 20 million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. PPG Industries earned a daily sentiment score of 0.22 on Accern’s scale. Accern also assigned press coverage about the specialty chemicals company an impact score of 47.2084852972901 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the near term.
Here are some of the media headlines that may have impacted Accern Sentiment’s analysis:
- PPG CEO: We're 'well-positioned' to win from the rise of … (finance.yahoo.com)
- PPG Industries: Cramer’s Top Takeaways (finance.yahoo.com)
- PPG Industries, SiNode Team Up for Vehicle Battery Technology – Nasdaq (nasdaq.com)
- McGarry of PPG to Present at 2017 Citi Basic Materials Conference (finance.yahoo.com)
- Coil Coatings Market Future Demand , Growth , Analysis 2023 (reports.pr-inside.com)
Shares of PPG Industries (NYSE PPG) opened at $113.83 on Friday. The company has a market cap of $28,967.00, a P/E ratio of 19.33, a PEG ratio of 2.26 and a beta of 1.59. PPG Industries has a 1 year low of $93.80 and a 1 year high of $119.85. The company has a debt-to-equity ratio of 0.68, a current ratio of 1.65 and a quick ratio of 1.26.
PPG Industries (NYSE:PPG) last released its quarterly earnings results on Thursday, October 19th. The specialty chemicals company reported $1.52 EPS for the quarter, meeting the consensus estimate of $1.52. The business had revenue of $3.78 billion for the quarter, compared to analyst estimates of $3.75 billion. PPG Industries had a net margin of 12.21% and a return on equity of 27.85%. The company’s quarterly revenue was up 3.2% on a year-over-year basis. During the same period in the prior year, the business earned $1.56 earnings per share. sell-side analysts predict that PPG Industries will post 5.9 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 12th. Stockholders of record on Friday, November 10th will be given a $0.45 dividend. The ex-dividend date of this dividend is Thursday, November 9th. This represents a $1.80 annualized dividend and a dividend yield of 1.58%. PPG Industries’s dividend payout ratio is presently 26.12%.
Several research analysts recently issued reports on the stock. Citigroup Inc. increased their price target on shares of PPG Industries from $114.00 to $127.00 and gave the stock a “neutral” rating in a report on Wednesday, October 25th. Robert W. Baird increased their price target on shares of PPG Industries from $115.00 to $130.00 and gave the stock an “outperform” rating in a report on Friday, October 20th. Bank of America Corporation set a $120.00 target price on shares of PPG Industries and gave the stock a “hold” rating in a research report on Friday, October 20th. Credit Suisse Group set a $119.00 target price on shares of PPG Industries and gave the stock a “buy” rating in a research report on Friday, October 20th. Finally, Jefferies Group LLC restated a “buy” rating and set a $120.00 target price on shares of PPG Industries in a research report on Thursday, October 19th. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating and seven have given a buy rating to the company. The company presently has an average rating of “Hold” and an average target price of $119.36.
PPG Industries Company Profile
PPG Industries, Inc manufactures and distributes a range of coatings and specialty materials. The Company has two segments: Performance Coatings and Industrial Coatings. 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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