At the time of writing, PPG Industries, Inc. [PPG] stock is trading at $134.55, up 5.25%. An important factor to consider is whether the stock is rising or falling in short-term value. The PPG shares have gain 4.12% over the last week, with a monthly amount glided 5.85%, and 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.
For the past year, the stock price of PPG Industries, Inc. fluctuated 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 $134.55 at the most recent close of the market. An investor can expect a potential return of 20.71% based on the average PPG price forecast.
Analyzing the PPG fundamentals
According to PPG Industries, Inc. [NYSE:PPG], the company’s sales were 18.10B for trailing twelve months, which represents an -1.60% plunge. 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 130.73 points at the first support level, and at 126.91 for the second support level. However, for the 1st resistance point, the stock is sitting at 136.62, and for the 2nd resistance point, it is at 138.68.
Ratios To Look Out For
It is important to note that PPG Industries, Inc. [NYSE:PPG] has a current ratio of 1.49. On the other hand, the Quick Ratio is 1.05, and the Cash Ratio is 0.22. Considering the valuation of this stock, the price to sales ratio is 1.73, the price to book ratio is 4.04 and price to earnings (TTM) ratio is 22.05.
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.
