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PPG Stock Price PPG Industries Inc Stock Quote U.S.: NYSE

ppg stock price today

Only Zacks Rank stocks included in Zacks hypothetical portfolios at the beginning of each month are included in the return calculations. Zacks Ranks stocks can, and often do, change throughout the month. Certain Zacks Rank stocks for which no month-end price was available, pricing information was not collected, or for certain other reasons have been excluded from these return calculations. PPG Industries, Inc. engages in the manufacture and distribution of paints, coatings, and specialty materials.

As of August 31st, there was short interest totaling 2,470,000 shares, an increase of 48.8% from the August 15th total of 1,660,000 shares. Based on an average daily trading volume, of 1,560,000 shares, the days-to-cover ratio is presently 1.6 days. Approximately 1.1% of the company’s shares are sold short.

Industrial and Material Stocks Look Cheap. That Doesn’t Make Them Buys Yet.

A hold rating indicates that analysts believe investors should maintain any existing positions they have in PPG, but not buy additional shares or sell existing shares. The company is the world’s largest producer of coatings after the purchase of selected Akzo Nobel assets. PPG’s products are sold to a wide variety of end users, including the automotive, aerospace, construction, and industrial markets. The company has a footprint in many regions around the globe, with less than half of sales coming from North America in recent years. PPG is focused on its coatings and specialty products and expansion into emerging regions, as exemplified by the Comex acquisition. According to my valuation, the intrinsic value for the stock is $184.14, which is above what the market is valuing the company at the moment.

If you are no longer interested in PPG Industries, you can use our free platform to see our list of over 50 other stocks with a high growth potential. The scores are based on the trading styles of Value, Growth, and Momentum. There’s also a VGM Score (‘V’ for Value, ‘G’ for Growth and ‘M’ for Momentum), which combines the weighted average of the individual style scores into one score. We’d like to share more about how we work and what drives our day-to-day business. Compare
PPG’s historical performance
against its industry peers and the overall market.

We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Since PPG is currently undervalued, it may be a great time to increase your holdings in the stock.

PPG earnings call for the period ending December 31, 2022. PPG earnings call for the period ending June 30, 2023. Founded in 1993 by brothers Tom and David Gardner, The Motley Fool helps millions of people attain financial freedom through our website, podcasts, books, newspaper column, radio show, and premium investing services. You have already added five stocks to your watchlist. Upgrade to MarketBeat All Access to add more stocks to your watchlist.

Style is an investment factor that has a meaningful impact on investment risk and returns. Style is calculated by combining value and growth scores, which are first individually calculated. The technique has proven to be very useful for finding positive surprises. In fact, when combining a Zacks Rank #3 or better and a positive Earnings ESP, stocks produced a positive surprise 70% of the time, while they also saw 28.3% annual returns on average, according to our 10 year backtest.

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As an investor, you want to buy stocks with the highest probability of success. That means you want to buy stocks with a Zacks Rank #1 or #2, Strong Buy or Buy, which also has a Score of an A or a B in your personal trading style. PPG’s beta can be found in Trading Information at the top of this page. A stock’s beta measures how closely tied its price movements have been to the performance of the overall market. Savvy investors seek out top defensive stocks in times of uncertainty.

PITTSBURGH–(BUSINESS WIRE)–PPG Board of Directors approve dividend increase to 65 cents per share, marking company’s 500th consecutive dividend payment. PPG reported earnings and investors were pleased with what they saw. PPG Industries’ stock is owned by a number of retail and institutional investors.

These returns cover a period from January 1, 1988 through July 31, 2023. Zacks Rank stock-rating system returns are computed monthly based on the beginning of the month and end of the month Zacks Rank stock prices plus any dividends received during that particular month. A simple, equally-weighted average return of all Zacks Rank stocks is calculated to determine the monthly return. The monthly returns are then compounded to arrive at the annual return.

  • Zacks Earnings ESP (Expected Surprise Prediction) looks to find companies that have recently seen positive earnings estimate revision activity.
  • You have already added five stocks to your watchlist.
  • PPG earnings call for the period ending September 30, 2022.
  • PPG’s products are sold to a wide variety of end users, including the automotive, aerospace, construction, and industrial markets.
  • The company is the world’s largest producer of coatings after the purchase of selected Akzo Nobel assets.

An industry with a larger percentage of Zacks Rank #1’s and #2’s will have a better average Zacks Rank than one with a larger percentage of Zacks Rank #4’s and #5’s. The Zacks Industry Rank assigns a rating to each of the 265 X (Expanded) Industries based on their average Zacks Rank. Dow Jones Industrial Average, S&P 500, Nasdaq, and Morningstar Index (Market Barometer) quotes are real-time. This site is protected by reCAPTCHA and the Google
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Terms of Service apply. PITTSBURGH–(BUSINESS WIRE)–PPG research shows tire manufacturing energy, time savings with AGILON performance silica. In 2022, PPG Industries’s revenue was $17.65 billion, an increase of 5.06% compared to the previous year’s $16.80 billion.

Time to Cash In on This Overvalued Stock

The idea is that more recent information is, generally speaking, more accurate and can be a better predictor of the future, which can give investors an advantage in earnings season. The Style lf full form in accounting Scores are a complementary set of indicators to use alongside the Zacks Rank. It allows the user to better focus on the stocks that are the best fit for his or her personal trading style.

ppg stock price today

Alternatively, email editorial-team (at) simplywallst.com.This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation.

Related Articles PPG

PPG Industries announced a quarterly dividend on Thursday, July 20th. Investors of record on Thursday, August 10th will be paid a dividend of $0.65 per share on Tuesday, September 12th. This represents a $2.60 dividend on an annualized basis and a yield of 1.93%. This is a boost from the stock’s previous quarterly dividend of $0.62.

3 Basic Materials Stocks to Buy for Sound Growth & Value – Nasdaq

3 Basic Materials Stocks to Buy for Sound Growth & Value.

Posted: Fri, 25 Aug 2023 23:24:00 GMT [source]

More value-oriented stocks tend to represent financial services, utilities, and energy stocks. These are established companies that reliably pay dividends. If you’ve been keeping an eye on PPG for a while, now might be the time to make a leap. Its prosperous future outlook isn’t fully reflected in the current share price yet, which means it’s not too late to buy PPG.

PPG Industries Return vs. S&P

© 2023 Market data provided is at least 10-minutes delayed and hosted by Barchart Solutions. Information is provided ‘as-is’ and solely for informational purposes, not for trading purposes or advice, and is delayed. To see all exchange delays and terms of use please see Barchart’s disclaimer. Data are provided ‘as is’ for informational purposes only and are not intended for trading purposes. Data may be intentionally delayed pursuant to supplier requirements. Zacks Earnings ESP (Expected Surprise Prediction) looks to find companies that have recently seen positive earnings estimate revision activity.

Although, there may be another chance to buy again in the future. This is because PPG Industries’s beta (a measure of share price volatility) is high, meaning its price movements will be exaggerated relative to the rest of the market. If the market is bearish, the company’s shares will likely fall by more than the rest of the market, providing a prime buying opportunity. New-home sales have remained resilient despite worsening housing affordability in recent months amid rising mortgage rates, with little relief in home prices in most markets. Year-to-date new-home sales through July were about even with the year-ago period, compared with a 22% decline in existing-home sales.

Although value investors would argue that it’s the intrinsic value relative to the price that matter the most, a more compelling investment thesis would be high growth potential at a cheap price. PPG Industries’ earnings over the next few years are expected to increase by 55%, indicating a highly optimistic future ahead. This should lead to more robust cash flows, feeding into a higher share value. High-growth stocks tend to represent the technology, healthcare, and communications sectors. They rarely distribute dividends to shareholders, opting for reinvestment in their businesses.

But before you make any investment decisions, consider other factors such as the track record of its management team, in order to make a well-informed buy. According to 17 analysts, the average rating for PPG stock is « Buy. » The 12-month stock price forecast is $157.88, which is an increase of 16.50% from the latest price. PPG Industries issued an update on its third quarter 2023 earnings guidance on Thursday, July, 20th. The company provided earnings per share guidance of $1.85-$1.95 for the period, compared to the consensus estimate of $1.87. PPG Industries saw a increase in short interest in the month of August.

PPG Industries, Inc. manufactures and distributes paints, coatings, and specialty materials worldwide. The company operates through Performance Coatings and Industrial Coatings. The company was incorporated in 1883 and is headquartered in Pittsburgh, Pennsylvania. At the center of everything we do is a strong commitment to independent research and sharing its profitable discoveries with investors. This dedication to giving investors a trading advantage led to the creation of our proven Zacks Rank stock-rating system. Since 1988 it has more than doubled the S&P 500 with an average gain of +24.32% per year.

  • PPG Industries, Inc. engages in the manufacture and distribution of paints, coatings, and specialty materials.
  • PITTSBURGH–(BUSINESS WIRE)–PPG research shows tire manufacturing energy, time savings with AGILON performance silica.
  • According to my valuation, the intrinsic value for the stock is $184.14, which is above what the market is valuing the company at the moment.
  • Investors looking for growth in their portfolio may want to consider the prospects of a company before buying its shares.
  • Compare
    PPG’s historical performance
    against its industry peers and the overall market.

It operates through the Performance Coatings and Industrial Coatings segments. The Performance Coatings segment supplies a variety of protective and decorative coatings, sealants, and finishes along with pavement marking products, paint strippers, stains, and related chemicals, as well as transparencies and transparent armor. The company was founded by John B. Ford and John A. Pitcairn in 1883 and is headquartered in Pittsburgh, PA. 16 Wall Street research analysts have issued « buy, » « hold, » and « sell » ratings for PPG Industries in the last twelve months. There are currently 1 sell rating, 7 hold ratings and 8 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should « hold » PPG shares.

PPG to reduce carbon emissions by 9,400 metric tons annually with latest renewable energy investment

With an optimistic outlook on the horizon, it seems like this growth has not yet been fully factored into the share price. However, there are also other factors such as financial health to consider, which could explain the current undervaluation. Investors looking for growth in their portfolio may want to consider the prospects of a company before buying its shares.

With 81% ownership, PPG Industries, Inc. (NYSE:PPG) boasts of strong institutional backing – Simply Wall St

With 81% ownership, PPG Industries, Inc. (NYSE:PPG) boasts of strong institutional backing.

Posted: Sat, 19 Aug 2023 07:00:00 GMT [source]

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Top institutional investors include BlackRock Inc. (8.20%), State Street Corp (4.67%), Geode Capital Management LLC (2.11%), Clearbridge Investments LLC (1.61%), Wells Fargo & Company MN (1.54%) and Northern Trust Corp (0.96%). Insiders that own company stock include Anne M Foulkes, Michael H Mcgarry, Rebecca B Liebert, Timothy M Knavish, Vadlamannati Ramaprasad, Vincent J Morales and William E Schaupp. The company is scheduled to release its next quarterly earnings announcement on Wednesday, October 18th 2023.

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.

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