As of close of business last night, PPG Industries Inc.’s stock clocked out at $133.41, down -2.54% from its previous closing price of $136.88. In other words, the price has decreased by -$3.47 from its previous closing price. On the day, 2468372 shares were traded. PPG stock price reached its highest trading level at $135.85 during the session, while it also had its lowest trading level at $132.46.
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To gain a deeper understanding of PPG’s stock, we examine its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 21.22 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 95.00. For the most recent quarter (mrq), Quick Ratio is recorded 1.10 and its Current Ratio is at 1.70. In the meantime, Its Debt-to-Equity ratio is 1.02 whereas as Long-Term Debt/Eq ratio is at 0.99.
Upgrades & Downgrades
Investing in insider trades can also provide an investor with insight into how management views future stock prices. A recent insider transaction in this stock occurred on Jan 31 when MCGARRY MICHAEL H sold 61,867 shares for $129.96 per share. The transaction valued at 8,040,427 led to the insider holds 183,645 shares of the business.
Foulkes Anne M. sold 21,757 shares of PPG for $2,791,985 on Jan 24. The Sr. VP and General Counsel now owns 10,577 shares after completing the transaction at $128.33 per share.
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, PPG now has a Market Capitalization of 33.29B and an Enterprise Value of 39.77B. As of this moment, PPG’s Price-to-Earnings (P/E) ratio for their current fiscal year is 24.82, and their Forward P/E ratio for the next fiscal year is 16.34. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 1.75. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.77 while its Price-to-Book (P/B) ratio in mrq is 4.40. Its current Enterprise Value per Revenue stands at 2.24 whereas that against EBITDA is 16.61.
Stock Price History:
Over the past 52 weeks, PPG has reached a high of $145.51, while it has fallen to a 52-week low of $107.06. The 50-Day Moving Average of the stock is 135.92, while the 200-Day Moving Average is calculated to be 127.97.
It appears that PPG traded 1.41M shares on average per day over the past three months and 1.22M shares per day over the past ten days. A total of 235.80M shares are outstanding, with a floating share count of 234.40M. Insiders hold about 0.29% of the company’s shares, while institutions hold 82.50% stake in the company. Shares short for PPG as of May 14, 2023 were 1.86M with a Short Ratio of 1.96M, compared to 2.01M on Apr 13, 2023. Therefore, it implies a Short% of Shares Outstanding of 0.79% and a Short% of Float of 0.79%.
Dividends & Splits
With its trailing 12-month dividend rate of 2.45, PPG has a forward annual dividend rate of 2.48. Against a Trailing Annual Dividend Yield of 1.79%, it implies a Forward Annual Dividend Yield of 1.86%. The stock’s 5-year Average Dividend Yield is 1.70. The current Payout Ratio is 45.40% for PPG, which recently paid a dividend on Jun 11, 2023 with an ex-dividend date of May 08, 2023. Stock splits for the company last occurred on Jun 14, 2015 when the company split stock in a 2:1 ratio.
As of right now, 20 analysts gave their recommendation on the stock of the company. On average, analysts expect EPS of $2.12 for the current quarter, with a high estimate of $2.28 and a low estimate of $2.05, while EPS last year was $1.81. The consensus estimate for the next quarter is $1.85, with high estimates of $2.03 and low estimates of $1.75.
Analysts are recommending an EPS of between $7.5 and $6.91 for the fiscal current year, implying an average EPS of $7.23. EPS for the following year is $8.16, with 24 analysts recommending between $9.35 and $7.2.
In the current quarter, 16 analysts expect revenue to total $4.84B. It ranges from a high estimate of $5.01B to a low estimate of $4.61B. As of the current estimate, PPG Industries Inc.’s year-ago sales were $4.69B, an estimated increase of 3.10% from the year-ago figure. For the next quarter, 16 analysts are estimating revenue of $4.63B, an increase of 4.00% over than the figure of $3.10% in the same quarter last year. There is a high estimate of $4.79B for the next quarter, whereas the lowest estimate is $4.4B.
A total of 24 analysts have provided revenue estimates for PPG’s current fiscal year. The highest revenue estimate was $18.59B, while the lowest revenue estimate was $17.51B, resulting in an average revenue estimate of $18.14B. In the same quarter a year ago, actual revenue was $17.65B, up 2.80% from the average estimate. Based on 24 analysts’ estimates, the company’s revenue will be $18.83B in the next fiscal year. The high estimate is $19.38B and the low estimate is $17.66B. The average revenue growth estimate for next year is up 3.80% from the average revenue estimate for this year.