A share price of PPG Industries, Inc. [PPG] is currently trading at $124.95, up 1.59%. In order to assess the stock’s recent performance, you can check whether its short-term value is rising or falling. The PPG shares have gain 4.24% over the last week, with a monthly amount drifted -1.40%, 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 22, 2024, when Seaport Research Partners upgraded its rating to a Buy. Previously, Evercore ISI downgraded its rating to In-line on April 22, 2024, and kept the price target unchanged to $152. On April 11, 2024, upgrade upgraded it’s rating to Overweight and revised its price target to $163 on the stock. UBS downgraded its rating to a Neutral and decreased its price target to $156 on March 07, 2024. Wolfe Research initiated its recommendation with a Peer Perform. Barclays downgraded its rating to Equal Weight for this stock on February 27, 2024, and downed its price target to $149. In a note dated February 01, 2024, Redburn Atlantic downgraded an Neutral 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 $118.07 and $151.16. Currently, Wall Street analysts expect the stock to reach $162.41 within the next 12 months. PPG Industries, Inc. [NYSE: PPG] shares were valued at $124.95 at the most recent close of the market. An investor can expect a potential return of 29.98% based on the average PPG price forecast.
Analyzing the PPG fundamentals
Trailing Twelve Months sales for PPG Industries, Inc. [NYSE:PPG] were 18.10B which represents -1.60% decline. Gross Profit Margin for this corporation currently stands at 0.41% with Operating Profit Margin at 0.11%, Pretax Profit Margin comes in at 0.11%, and Net Profit Margin reading is 0.08%. To continue investigating profitability, this company’s Return on Assets is posted at 0.07, Equity is 0.18 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 0.85.
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 123.76 points at the first support level, and at 122.57 for the second support level. However, for the 1st resistance point, the stock is sitting at 125.60, and for the 2nd resistance point, it is at 126.25.
Ratios To Look Out For
To put it in perspective, the Current Ratio for PPG Industries, Inc. [NYSE:PPG] is 1.49. In addition, the Quick Ratio stands at 1.05 and the Cash Ratio stands at 0.22. Considering the valuation of this stock, the price to sales ratio is 1.61, the price to book ratio is 3.75 and price to earnings (TTM) ratio is 20.48.
Transactions by insiders
Recent insider trading involved KNAVISH TIMOTHY M, Chairman and CEO, that happened on May 08 ’24 when 2061.0 shares were purchased. Senior VP & CFO, Morales Vincent J completed a deal on Mar 01 ’24 to sell 3400.0 shares.
