While PPG Industries, Inc has overperformed by 2.96%, investors are advised to look at stock chart patterns for technical insight. Within its last year performance, PPG fell by -15.75%, with highs and lows ranging from $145.60 to $110.20, whereas the simple moving average fell by -7.99% in the last 200 days.
On April 22, 2024, Seaport Research Partners Upgraded PPG Industries, Inc (NYSE: PPG) to Buy. A report published by Evercore ISI on April 22, 2024, Downgraded its rating to ‘In-line’ for PPG. Wells Fargo also Upgraded PPG shares as ‘Overweight’, setting a target price of $163 on the company’s shares in a report dated April 11, 2024. UBS March 07, 2024d the rating to Neutral on March 07, 2024, and set its price target from $173 to $156. Wolfe Research initiated its ‘Peer Perform’ rating for PPG, as published in its report on March 01, 2024. Barclays’s report from February 27, 2024 suggests a price prediction of $149 for PPG shares, giving the stock a ‘Equal Weight’ rating. Redburn Atlantic also rated the stock as ‘Neutral’.
Analysis of PPG Industries, Inc (PPG)
With PPG’s current dividend of $2.66 per share, investors can expect to earn a return regardless of performance. Further, the quarter-over-quarter decrease in sales is -14.28%, showing a negative trend in the upcoming months.
PPG Industries, Inc’s future performance can be determined with the help of several well-rounded types of analysis and research techniques, with equity being one of the most influential. The goal here is to ensure that your current return on equity of 19.13% is sufficient for you to turn a profit off your investment. Taking into account the quick ratio of the company, currently set at 0.94, you can see that the company can cover any debts it may have, which can easily be seen in the annual report of the company.
The average volume for any stock is also a very valuable indicator of volatility, and PPG has an average volume of 1.99M. On a monthly basis, the volatility of the stock is set at 1.91%, whereas on a weekly basis, it is put at 2.75%, with a loss of -5.58% over the past seven days. Furthermore, long-term investors anticipate a median target price of $135.05, showing growth from the present price of $115.90, which can serve as yet another indication of whether PPG is worth investing in or should be passed over.
How Do You Analyze PPG Industries, Inc Shares?
Specialty Chemicals giant PPG Industries, Inc (PPG) is based in the USA and is one of the largest companies in the market. When comparing PPG Industries, Inc shares with other companies under Basic Materials, the P/E value is an influential factor to note. This is because it represents an indication of the future growth of the company in terms of investors’ expectations. Ultimately, the value of the latter should demonstrate steady, rapid growth, which is an accurate measure of the company’s progress. In addition to the value of 24.56, there is a growth in quarterly earnings of -418.46%.
In addition to analyzing the fundamentals, it is also important to look at how many company employees own stock. This is because the values should be in line with investors’ expectations. As such, the current holdings of company stock inside the company are set at 0.49%. This can enable you to see the extent to which executives own the company’s stock. As opposed to executive stock, institutional ownership accounts for 84.46% of the company’s shares, contributing to an indication of company value, since large shareholders may signify strength within the organization.
PPG shares are owned by institutional investors to the tune of 84.46% at present.
