Headlines about PPG Industries (NYSE:PPG) have trended somewhat positive this week, according to Accern. The research firm scores the sentiment of press coverage by reviewing more than 20 million blog and news sources in real time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. PPG Industries earned a daily sentiment score of 0.08 on Accern’s scale. Accern also assigned media coverage about the specialty chemicals company an impact score of 47.3624375076857 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the next several days.
These are some of the headlines that may have impacted Accern’s rankings:
- 4 Keepers – Seeking Alpha (seekingalpha.com)
- PPG raises precipitated silica prices (european-rubber-journal.com)
- The Zacks Analyst Blog Highlights: Nike, PayPal, BNY Mellon, PPG Industries and CME Group (finance.yahoo.com)
- PPG Industries, Inc. (PPG) Given Average Rating of “Hold” by Brokerages (americanbankingnews.com)
- PPG Industries (PPG) Rating Lowered to Sell at Zacks Investment Research (americanbankingnews.com)
PPG Industries (NYSE PPG) traded up $0.02 on Thursday, hitting $116.18. The stock had a trading volume of 645,172 shares, compared to its average volume of 1,438,511. The company has a quick ratio of 1.26, a current ratio of 1.65 and a debt-to-equity ratio of 0.68. The firm has a market cap of $29,580.00, a PE ratio of 19.75, a P/E/G ratio of 2.32 and a beta of 1.60. PPG Industries has a 1-year low of $93.80 and a 1-year high of $119.85.
The firm also recently declared a quarterly dividend, which was paid on Tuesday, December 12th. Stockholders of record on Friday, November 10th were issued a $0.45 dividend. The ex-dividend date of this dividend was Thursday, November 9th. This represents a $1.80 annualized dividend and a dividend yield of 1.55%. PPG Industries’s dividend payout ratio is currently 35.86%.
PPG Industries announced that its board has approved a stock repurchase plan on Thursday, December 14th that allows the company to repurchase $2.50 billion in shares. This repurchase authorization allows the specialty chemicals company to repurchase shares of its stock through open market purchases. Shares repurchase plans are generally a sign that the company’s board of directors believes its shares are undervalued.
Several brokerages have weighed in on PPG. Raymond James Financial began coverage on PPG Industries in a research note on Tuesday. They issued an “outperform” rating and a $139.00 target price on the stock. Zacks Investment Research downgraded PPG Industries from a “hold” rating to a “sell” rating in a research note on Wednesday. Citigroup lifted their target price on PPG Industries from $112.00 to $114.00 and gave the company a “buy” rating in a research note on Monday, October 2nd. KeyCorp reiterated a “buy” rating and issued a $125.00 target price on shares of PPG Industries in a research note on Friday, August 25th. Finally, Jefferies Group reiterated a “buy” rating and issued a $120.00 target price on shares of PPG Industries in a research note on Thursday, October 19th. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating and eight have given a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus target price of $120.63.
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PPG Industries Company Profile
PPG Industries, Inc manufactures and distributes a range of coatings and specialty materials. The Company has two segments: Performance Coatings and Industrial Coatings. 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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