PPG Industries Inc. (NYSE:PPG) finished Friday with a subtraction of -$0.66 to close at $125.74, a downside of -0.52 percent. An average of 619,640 shares of common stock have been traded in the last five days. There was a fall of -$0.12 in the past week, and it reached a new high 3 times over the past 12 months. The last 20 days have seen an average of 921,375 shares traded, while the 50-day average volume stands at 1,207,440.
PPG stock has decreased by -7.01% in the last month. The company shares reached their 1-month lowest point of $123.22 on 12/22/22. With the stock rallying to its 52-week high on 01/05/22, shares of the company touched a low of $107.06 and a high of $177.32 in 52 weeks. It has reached a new high 3 times so far this year and lost -27.08% or -$46.70 in price. In spite of this, the price is down -29.09% from the 52-week high.
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PPG stock investors should be aware that PPG Industries Inc. (PPG) stock had its last reported insider trading activity 248 days ago on Apr 27.
PPG Industries Inc. (PPG) has a trailing price-to-earnings (P/E) ratio of 28.28. The stock’s beta is 1.17. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 1.66, the price-to-book (PB) ratio at 4.91.
The company has a payout ratio of 52.60%. The company’s most recent quarterly dividend payment was $0.62 a share, without any change from last year. Its latest increase dividend $0.03 reported on Thursday July 21 2022.
The quick ratio of PPG Industries Inc. for the three months ended September 29 was 1.00, and the current ratio was 1.50, indicating that the company is able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 1.07 and a total debt to equity ratio of 1.13 for the quarter ending September 29. Its gross profit as reported stood at $6.52 billion compared to revenue of $16.8 billion.
For investors, determining the potential profitability of the investment also depends on the performance of the company’s management. In the past 12 months, PPG Industries Inc.’s return on assets was 5.00%.
For the three-month period that ended September 29, PPG Industries Inc. had $60.0 million in cash and short-term investments compared to $6.48 billion in total debt. In the quarter under review, the net income was down than the previous quarter. The company posted a net income of $329.0 million in the quarter, while revenues were shrunk -4.56%. The analyst consensus anticipated PPG Industries Inc.’s latest quarter earnings to come in at $1.65 per share, but it turned out to be $1.66, a 0.60% surprise. For the quarter, EBITDA amounted to $570.0 million. Shareholders own equity worth $235.03 million.
From a technical analysis perspective, let’s take a brief look at PPG Industries Inc. (PPG) price momentum. RSI 9-day as of the close on 30 December was 43.27%, suggesting the stock is Neutral, with historical volatility in this time frame at 18.27%.
As of today, PPG’s price is $125.91 -0.10% or -$0.12 from its 5-day moving average. PPG is currently trading -6.83% lower than its 20-day SMA and -1.14% lower than its 100-day SMA. However, the stock’s current price level is +9.68% above the SMA50 and -1.67% below the SMA200.
The stochastic %K and %D were 15.51% and 16.79%, respectively, and the average true range (ATR) was 2.91. With the 14-day stochastic at 17.37% and the average true range at 3.08, the RSI (14) stands at 46.34%. The stock has reached -0.41 on the 9-day MACD Oscillator while the 14-day reading was at -2.18.
KeyBanc Capital Markets launched coverage on PPG Industries Inc. (NYSE: PPG) in its analyst report released on October 17, 2022. The firm assigned the stock an Overweight rating. The consensus rating for PPG Industries Inc. (PPG) among analysts is Overweight. According to current brokerage recommendations, 1 brokerage firm advise that investors sell PPG, while 13 suggest investors hold. There are 0 analysts who rate the stock as underweight. The stock is rated overweight by 1 analysts, while 14 others rate it as a “buy”.
What is PPG’s price target for the next 12 months?
Analysts predict a range of price targets between $104.00 and $155.00, with a median target of $128.00. Taking a look at these predictions, the average price target given by analysts for PPG Industries Inc. (PPG) stock is $130.61.