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NYSE:PPG

PPG Industries (PPG) Stock Price, News & Analysis

$124.95
+1.95 (+1.59%)
(As of 08/21/2024 ET)
Today's Range
$123.22
$125.06
50-Day Range
$118.32
$133.75
52-Week Range
$118.07
$151.16
Volume
1.06 million shs
Average Volume
1.65 million shs
Market Capitalization
$29.30 billion
P/E Ratio
21.11
Dividend Yield
2.18%
Price Target
$151.08

PPG Industries MarketRank™ Stock Analysis

Analyst Rating
Moderate Buy
2.60 Rating Score
Upside/​Downside
20.9% Upside
$151.08 Price Target
Short Interest
Healthy
1.11% of Float Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
-6.18
Upright™ Environmental Score
News Sentiment
0.49mentions of PPG Industries in the last 14 days
Based on 9 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
11.27%
From $8.25 to $9.18 Per Share

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

4.47 out of 5 stars

Basic Materials Sector

29th out of 178 stocks

Paints & Allied Products Industry

2nd out of 3 stocks

PPG stock logo

About PPG Industries Stock (NYSE:PPG)

PPG Industries, Inc. manufactures and distributes paints, coatings, and specialty materials in the United States, Canada, the Asia Pacific, Latin America, Europe, the Middle East, and Africa. It operates through two segments, Performance Coatings and Industrial Coatings. The Performance Coatings segment offers coatings, solvents, adhesives, sealants, sundries, and software for automotive and commercial transport/fleet repair and refurbishing, light industrial coatings, and specialty coatings for signs; wood stains; paints, thermoplastics, pavement marking products, and other advanced technologies for pavement marking for government, commercial infrastructure, painting, and maintenance contractors; and coatings, sealants, transparencies, transparent armor, adhesives, engineered materials, and packaging and chemical management services for commercial, military, regional jet, and general aviation aircraft. The Industrial Coatings segment offers coatings, adhesives and sealants, and metal pretreatments, as well as services and coatings applications for appliances, agricultural and construction equipment, consumer electronics, automotive parts and accessories, building products, kitchenware, and transportation vehicles and other finished products; and on-site coatings services. It also provides coatings for metal cans, closures, plastic and aluminum tubes for food, beverage and personal care, promotional, and specialty packaging; amorphous precipitated silica for tire, battery separator, and other end-uses; TESLIN substrates for labels, e-passports, drivers' licenses, breathable membranes, and loyalty and identification cards; and organic light emitting diode materials, displays and lighting lens materials, optical lenses, color-change products, and photochromic dyes. PPG Industries, Inc. was incorporated in 1883 and is headquartered in Pittsburgh, Pennsylvania.

PPG Stock Price History

PPG Stock News Headlines

US developing “superweapon” to defeat China and Russia?
Our new superweapon is a gift to every patriot. I predict the devastating new tech behind this weapon will create the greatest investment opportunity for Americans since WWII. Similar stocks in the past have seen peak gains of 16,270%in just 18 months.
US developing “superweapon” to defeat China and Russia?
Our new superweapon is a gift to every patriot. I predict the devastating new tech behind this weapon will create the greatest investment opportunity for Americans since WWII. Similar stocks in the past have seen peak gains of 16,270%in just 18 months.
17 Upcoming Dividend Increases Including 2 Kings
Buy Hold Forever- PPG Industries
See More Headlines
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Company Calendar

Ex-Dividend for 6/12 Dividend
5/09/2024
Dividend Payable
6/12/2024
Last Earnings
7/18/2024
Ex-Dividend for 9/12 Dividend
8/12/2024
Today
8/21/2024
Dividend Payable
9/12/2024
Next Earnings (Estimated)
10/16/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Industry
Paints & allied products
Sub-Industry
Diversified Chemicals
CUSIP
69350610
Employees
53,000
Year Founded
1883

Price Target and Rating

Average Stock Price Target
$151.08
High Stock Price Target
$163.00
Low Stock Price Target
$139.00
Potential Upside/Downside
+20.9%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.60
Research Coverage
15 Analysts

Profitability

Net Income
$1.27 billion
Pretax Margin
10.94%

Debt

Sales & Book Value

Annual Sales
$18.10 billion
Cash Flow
$10.52 per share
Book Value
$34.06 per share

Miscellaneous

Free Float
233,210,000
Market Cap
$29.30 billion
Optionable
Optionable
Beta
1.26

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Key Executives

Should I Buy PPG Industries Stock? PPG Pros and Cons Explained

Pros

Here are some ways that investors could benefit from investing in PPG Industries, Inc.:

  • PPG Industries, Inc. manufactures and distributes paints, coatings, and specialty materials in various regions globally through its Performance Coatings and Industrial Coatings segments.
  • Recent developments in the company's product portfolio have shown a focus on innovation and sustainability, which could attract environmentally conscious investors.
  • The current stock price of PPG Industries, Inc. is showing a positive trend, indicating potential growth opportunities for investors.
  • Strong financial performance in recent quarters, with consistent revenue growth and profitability, making it an attractive investment option.
  • Expansion into new markets and strategic partnerships have positioned PPG Industries, Inc. for long-term success and market leadership.

Cons

Investors should be bearish about investing in PPG Industries, Inc. for these reasons:

  • Increased competition in the paints and coatings industry may impact PPG Industries, Inc.'s market share and pricing power.
  • Volatility in raw material prices could affect the company's profit margins and overall financial performance.
  • Global economic uncertainties and geopolitical tensions may pose risks to PPG Industries, Inc.'s international operations and revenue streams.
  • Regulatory changes and environmental regulations could lead to additional compliance costs for the company, impacting its bottom line.
  • Market fluctuations and macroeconomic factors may influence the demand for PPG Industries, Inc.'s products, affecting its sales and revenue growth.
These pros and cons were generated based on recent news and financial data from MarketBeat in order to provide readers with the fastest and most accurate insights. They were last updated on Sunday, August 18, 2024. Please send any questions or comments about these PPG Industries pros and cons to contact@marketbeat.com.

PPG Stock Analysis - Frequently Asked Questions

How have PPG shares performed this year?

PPG Industries' stock was trading at $149.55 at the beginning of 2024. Since then, PPG shares have decreased by 16.4% and is now trading at $124.95.
View the best growth stocks for 2024 here
.

How were PPG Industries' earnings last quarter?

PPG Industries, Inc. (NYSE:PPG) issued its earnings results on Thursday, July, 18th. The specialty chemicals company reported $2.50 earnings per share for the quarter, topping analysts' consensus estimates of $2.48 by $0.02. The firm's quarterly revenue was down 1.6% on a year-over-year basis.
Read the conference call transcript
.

Is PPG Industries buying back stock?

PPG Industries' Board of Directors approved a stock buyback plan on Thursday, April 18th 2024, which permits the company to repurchase $2,500,000,000 in outstanding shares, according to EventVestor. This means that the company could reacquire up to 8.1% of its shares through open market purchases. Shares buyback plans are often an indication that the company's board of directors believes its shares are undervalued.

What is Michael H. McGarry's approval rating as PPG Industries' CEO?

337 employees have rated PPG Industries Chief Executive Officer Michael H. McGarry on Glassdoor.com. Michael H. McGarry has an approval rating of 65% among the company's employees.

Does PPG Industries have any subsidiaries?

PPG Industries subsidiaries include Versaflex, Worwag Coatings, Tikkurila Group, Ennis-Flint, Dexmet Corporation, Whitford, Paintzen, and others.

Who are PPG Industries' major shareholders?

PPG Industries' top institutional investors include Massachusetts Financial Services Co. MA (3.17%), Dimensional Fund Advisors LP (0.94%), Bank of New York Mellon Corp (0.80%) and ProShare Advisors LLC (0.60%). Insiders that own company stock include Michael H Mcgarry, Timothy M Knavish, Vincent J Morales, Rebecca B Liebert and Anne M Foulkes.
View institutional ownership trends
.

How do I buy shares of PPG Industries?

Shares of PPG stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

What other stocks do shareholders of PPG Industries own?

Based on aggregate information from My MarketBeat watchlists, some other companies that PPG Industries investors own include Johnson & Johnson (JNJ), AT&T (T), Coca-Cola (KO), AbbVie (ABBV), Home Depot (HD), Procter & Gamble (PG) and Intel (INTC).

This page (NYSE:PPG) was last updated on 8/22/2024 by MarketBeat.com Staff

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