News headlines about PPG Industries (NYSE:PPG) have trended somewhat positive recently, according to Accern Sentiment Analysis. The research group identifies positive and negative press coverage by monitoring more than twenty million news and blog sources in real-time. Accern ranks coverage of companies on a scale of negative one to one, with scores closest to one being the most favorable. PPG Industries earned a media sentiment score of 0.13 on Accern’s scale. Accern also gave news headlines about the specialty chemicals company an impact score of 46.1406204562826 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the next several days.
These are some of the news headlines that may have effected Accern’s analysis:
- PPG Industries: A High-Quality Dividend Aristocrat With 46 Straight Dividend Increases – Seeking Alpha (seekingalpha.com)
- Corporate America Is Posting the Biggest Profits in 13 Years (bloomberg.com)
- [$$] A football fairytale: Huddersfield’s journey to the Premier League (finance.yahoo.com)
- Norges Bank Significantly Increases Its Position in PPG Industries, Inc. (PPG) Last Quarter – First News 24 (firstnewspaper24.com)
- PPG Industries, Inc. (PPG) Position Increased by Norges Bank Last Quarter – Modern Readers (modernreaders.com)
PPG has been the topic of a number of analyst reports. Citigroup Inc. restated a “market perform” rating on shares of PPG Industries in a research note on Friday, April 14th. Jefferies Group LLC reiterated a “buy” rating and issued a $120.00 price target (up previously from $113.00) on shares of PPG Industries in a research note on Tuesday, April 18th. Deutsche Bank AG reiterated a “hold” rating and issued a $110.00 price target (up previously from $102.00) on shares of PPG Industries in a research note on Sunday, April 23rd. Barclays PLC boosted their price target on shares of PPG Industries from $110.00 to $115.00 and gave the stock an “equal weight” rating in a research note on Monday, April 24th. Finally, TheStreet upgraded shares of PPG Industries from a “c+” rating to a “b+” rating in a research note on Monday, May 22nd. Eleven investment analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. PPG Industries presently has an average rating of “Hold” and a consensus target price of $114.50.
PPG Industries (NYSE PPG) opened at 100.73 on Friday. The company has a market capitalization of $25.84 billion, a P/E ratio of 26.50 and a beta of 1.54. The company’s 50-day moving average is $108.24 and its 200 day moving average is $106.17. PPG Industries has a one year low of $89.64 and a one year high of $113.67.
PPG Industries (NYSE:PPG) last released its quarterly earnings results on Thursday, July 20th. The specialty chemicals company reported $1.83 earnings per share for the quarter, hitting analysts’ consensus estimates of $1.83. PPG Industries had a net margin of 6.79% and a return on equity of 29.47%. The business had revenue of $3.81 billion during the quarter, compared to the consensus estimate of $3.92 billion. During the same quarter last year, the company earned $1.73 earnings per share. The business’s quarterly revenue was up .6% compared to the same quarter last year. On average, equities analysts anticipate that PPG Industries will post $6.11 earnings per share for the current year.
The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 12th. Stockholders of record on Thursday, August 10th will be given a dividend of $0.45 per share. The ex-dividend date is Tuesday, August 8th. This represents a $1.80 dividend on an annualized basis and a dividend yield of 1.79%. This is an increase from PPG Industries’s previous quarterly dividend of $0.40. PPG Industries’s dividend payout ratio (DPR) is presently 46.88%.
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PPG Industries Company Profile
PPG Industries, Inc manufactures and distributes a range of coatings and specialty materials. The Company has three segments: Performance Coatings, Industrial Coatings and Glass. The Performance Coatings segment includes the refinish, aerospace, protective and marine, architectural businesses. The Industrial Coatings segment includes the automotive original equipment manufacturer (OEM), industrial coatings, packaging coatings, coatings services and specialty coatings and materials businesses.
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