Media headlines about PPG Industries (NYSE:PPG) have been trending somewhat positive on Thursday, Accern Sentiment Analysis reports. The research group rates the sentiment of news coverage by analyzing more than twenty million news and blog 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 news sentiment score of 0.10 on Accern’s scale. Accern also gave press coverage about the specialty chemicals company an impact score of 47.3772164403799 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the next several days.
Here are some of the news stories that may have impacted Accern Sentiment Analysis’s analysis:
- The global nanocoating market is expected to reach an estimated $15.8 billion by 2023 and it is forecast to grow at a CAGR of 24.5% from 2018 to 2023 (bizjournals.com)
- PPG Foundation Invests More Than $113,000 in 10 Milwaukee-Area Organizations (finance.yahoo.com)
- Aerospace Coatings Market: Rising Investment in Infrastructural Development in Aerospace Industry to Help Market to Reach Val… (advfn.com)
- Global Anti-Reflective Glass Coatings Market: Advent of High-Performance Products at Affordable Pricing to Boost Market, finds TMR (econotimes.com)
PPG Industries (NYSE:PPG) opened at $114.13 on Thursday. The company has a current ratio of 1.65, a quick ratio of 1.26 and a debt-to-equity ratio of 0.68. The firm has a market capitalization of $29,040.00, a price-to-earnings ratio of 20.94, a price-to-earnings-growth ratio of 1.95 and a beta of 1.59. PPG Industries has a 1 year low of $99.57 and a 1 year high of $122.07.
The business also recently declared a quarterly dividend, which will be paid on Monday, March 12th. Shareholders of record on Friday, February 16th will be given a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a yield of 1.58%. The ex-dividend date of this dividend is Thursday, February 15th. PPG Industries’s payout ratio is 33.03%.
PPG Industries declared that its board has authorized a stock repurchase program on Thursday, December 14th that authorizes the company to buyback $2.50 billion in shares. This buyback authorization authorizes the specialty chemicals company to reacquire shares of its stock through open market purchases. Shares buyback programs are usually a sign that the company’s board believes its stock is undervalued.
PPG has been the subject of several research reports. Zacks Investment Research cut PPG Industries from a “hold” rating to a “sell” rating in a report on Wednesday, December 20th. Credit Suisse Group set a $119.00 price objective on PPG Industries and gave the stock a “buy” rating in a report on Friday, October 20th. Jefferies Group reaffirmed a “buy” rating and set a $120.00 price objective on shares of PPG Industries in a report on Thursday, October 19th. Bank of America set a $120.00 price objective on PPG Industries and gave the stock a “hold” rating in a report on Friday, October 20th. Finally, Citigroup lifted their price objective on PPG Industries from $114.00 to $127.00 and gave the stock a “neutral” rating in a report on Wednesday, October 25th. Eleven equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus target price of $123.35.
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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