As of Wednesday close, PPG Industries Inc.’s (NYSE:PPG) stock was up $1.08, moving up 0.77 percent to $142.04. The average number of shares traded per day over the past five days has been 1,245,260 shares. 4 times new highs have been achieved over the past 5 days, with a $4.19 gain in that time frame. In the last twenty days, the average volume was 1,322,980, while in the previous 50 days, it was 1,563,100.
Since last month, PPG stock retreated -2.41%. Shares of the company fell to $136.28 on 08/11/23, the lowest level in the past month. A 52-week high of $152.89 was reached on 07/18/23 after having rallying from a 52-week low of $107.40. Since the beginning of this year, PPG’s stock price has risen by 12.96% or $16.30, and marked a new high 23 times. However, the stock has declined by -7.10% since its 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 30 days ago on Aug 01. Morales Vincent J, the Senior VP & CFO of the company, disposed of 3,700 shares for $143.33 on Aug 01. It resulted in a $530,321 divestment by the insider. MCGARRY MICHAEL H sold 58,378 shares at an average price of $145.46 on Jul 26. The insider now owns 195,706 shares following the transaction. On Jul 25, Executive Chairman MCGARRY MICHAEL H sold 105,000 shares at $147.59 apiece. The transaction was valued at $15,497,353.
Valuation Metrics
Right now, PPG Industries Inc. (PPG) has a P/E ratio of about 25.48. The stock’s beta is 1.18. Besides these, the trailing price-to-sales (P/S) ratio of 1.85, the price-to-book (PB) ratio of 4.40, and the price-to-cash flow ratio of 27.11 may also be considered.
The latest dividend of $0.65 per share was paid out, which is 4.84% more than last year’s $0.62. On Thursday July 20 2023, a $0.03 dividend increase was announced.
Financial Health
In the recent quarter, PPG Industries Inc.’s quick ratio stood at 1.00, while its current ratio was 1.50, showing that the company is able to pay off its debt. According to company report, the long-term debt-to-equity ratio for the recent quarter was 0.80, and the total debt-to-equity ratio was 0.91. On the profitability front, the trailing twelve-month gross margin is 39.10% percent. In the recent year, EBITDA margin amounted to 12.84%, whereas operating margins totaled 9.90%. Based on annual data, PPG earned $6.56 billion in gross profit and brought in $17.65 billion in revenue.
A company’s management is another factor that investors consider when determining the profitability of an investment. In the past year, return on investment (ROI) was 7.70%. Return on equity (ROE) for the past 12 months was 19.30%.
According to the earnings report, the company had a higher net income in the recent quarter than it did in the previous quarter. PPG’s revenue rose 3.72% to $4.38 billion during the quarter, while net income inched up to $4.87 billion. During the quarter, the company generated $827.0 million in EBITDA. The liabilities of PPG Industries Inc. were 14.42 billion at the end of its most recent quarter, and its total debt was $7.75 billion. The value of shareholders’ equity is $235.51 million.
Technical Picture
This quick technical analysis looks at PPG Industries Inc.’s (PPG) price momentum. With a historical volatility rate of 11.16%, the RSI 9-day stood at 60.96% on 30 August.
With respect to its five-day moving average, the current PPG Industries Inc. price is up by +3.04% percent or $4.19. At present, PPG shares trade +0.19% above its 20-day simple moving average and +2.88% percent above its 100-day simple moving average.
Stochastic coefficient K was 78.21% and Stochastic coefficient D was 52.48%, while ATR was 2.41. Given the Stochastic reading of 98.29% for the 14-day period, the RSI (14) reading has been calculated as 53.80%. As of today, the MACD Oscillator reading stands at 1.52, while the 14-day reading stands at 1.85.
Analyst Ratings
Citigroup launched its rating on PPG Industries Inc. (NYSE: PPG) to a Buy in a note to investors on June 14, 2023. PPG Industries Inc. (PPG) has been rated Overweight by analysts. According to 1 brokerage firm, PPG is a sell, and 13 firms recommend it is a Hold. There are 1 analyst who say the stock is underweight. A total of 1 analyst rate PPG Industries Inc. stock as buy, with 13 recommending it as overweight.
With a median target price of $160.00, the current consensus forecast for the stock is $140.00 – $180.00. Based on these forecasts, analysts predict PPG Industries Inc. (PPG) will achieve an average price target of $161.14.
