A share price of PPG Industries, Inc. [PPG] is currently trading at $134.96, up 1.09%. One of the good ways to gauge the recent performance is if the stock’s short-term value is rising or falling. The PPG shares have lost -2.01% over the last week, with a monthly amount drifted -2.96%, and not seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
PPG Industries, Inc. [NYSE: PPG] stock has seen the most recent analyst activity on April 11, 2024, when Wells Fargo upgraded its rating to a Overweight and also boosted its price target to $163 from $150. Previously, UBS downgraded its rating to Neutral on March 07, 2024, and dropped its price target to $156. On March 01, 2024, Wolfe Research initiated with a Peer Perform rating. Barclays downgraded its rating to a Equal Weight and decreased its price target to $149 on February 27, 2024. Redburn Atlantic downgraded its rating to a Neutral but $160 remained the price target by the analyst firm on February 01, 2024. Vertical Research upgraded its rating to Buy for this stock on January 03, 2024. In a note dated October 11, 2023, Barclays upgraded an Overweight rating on this stock but restated the target price of $160.
PPG Industries, Inc. experienced fluctuations in its stock price throughout the past year between $120.32 and $152.89. Currently, Wall Street analysts expect the stock to reach $163.4 within the next 12 months. PPG Industries, Inc. [NYSE: PPG] shares were valued at $134.96 at the most recent close of the market. An investor can expect a potential return of 21.07% based on the average PPG price forecast.
Analyzing the PPG fundamentals
Trailing Twelve Months sales for PPG Industries, Inc. [NYSE:PPG] were 18.25B which represents 3.94% growth. Gross Profit Margin for this corporation currently stands at 0.41% with Operating Profit Margin at 0.11%, Pretax Profit Margin comes in at 0.1%, and Net Profit Margin reading is 0.07%. To continue investigating profitability, this company’s Return on Assets is posted at 0.06, Equity is 0.17 and Total Capital is 0.12. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.8.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 134.26 points at the first support level, and at 133.55 for the second support level. However, for the 1st resistance point, the stock is sitting at 135.58, and for the 2nd resistance point, it is at 136.19.
Ratios To Look Out For
To put it in perspective, the Current Ratio for PPG Industries, Inc. [NYSE:PPG] is 1.47. Also, the Quick Ratio is 1.05, while the Cash Ratio stands at 0.3. Considering the valuation of this stock, the price to sales ratio is 1.74, the price to book ratio is 4.05 and price to earnings (TTM) ratio is 25.22.
Transactions by insiders
Recent insider trading involved Morales Vincent J, Senior VP & CFO, that happened on Mar 01 ’24 when 3400.0 shares were sold. Senior VP & CFO, Morales Vincent J completed a deal on Aug 01 ’23 to sell 3700.0 shares. Meanwhile, Executive Chairman MCGARRY MICHAEL H sold 58378.0 shares on Jul 26 ’23.
