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PPG Industries, Inc. (NYSE: PPG) closed the day trading at $127.84 down -2.17% from the previous closing price of $130.68. In other words, the price has decreased by -$2.17 from its previous closing price. On the day, 1.19 million shares were traded. PPG stock price reached its highest trading level at $130.03 during the session, while it also had its lowest trading level at $127.43.
Ratios:
For a better understanding of PPG, let’s look at its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 25.02 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 21.09. For the most recent quarter (mrq), Quick Ratio is recorded 1.05 and its Current Ratio is at 1.49. In the meantime, Its Debt-to-Equity ratio is 0.93 whereas as Long-Term Debt/Eq ratio is at 0.82.
On April 22, 2024, Evercore ISI Downgraded its rating to In-line which previously was Outperform but kept the price unchanged to $152.
Wells Fargo Upgraded its Equal Weight to Overweight on April 11, 2024, whereas the target price for the stock was revised from $150 to $163.
Insider Transactions:
The insider trade also gives investors a glimpse into the future direction of stock prices, which can be beneficial to investors. A recent insider transaction in this stock occurred on May 08 ’24 when KNAVISH TIMOTHY M bought 2,061 shares for $133.24 per share. The transaction valued at 274,615 led to the insider holds 35,833 shares of the business.
Morales Vincent J sold 3,400 shares of PPG for $479,196 on Mar 01 ’24. The Senior VP & CFO now owns 28,439 shares after completing the transaction at $140.94 per share.
Valuation Measures:
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 30487666688 and an Enterprise Value of 36025073664. As of this moment, PPG’s Price-to-Earnings (P/E) ratio for their current fiscal year is 20.95, and their Forward P/E ratio for the next fiscal year is 14.09. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 2.31. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.65 while its Price-to-Book (P/B) ratio in mrq is 3.84. Its current Enterprise Value per Revenue stands at 1.99 whereas that against EBITDA is 12.605.
Stock Price History:
Over the past 52 weeks, PPG has reached a high of $151.16, while it has fallen to a 52-week low of $118.07. The 50-Day Moving Average of the stock is 1.63%, while the 200-Day Moving Average is calculated to be -4.76%.
Shares Statistics:
Over the past 3-months, PPG traded about 1.48M shares per day on average, while over the past 10 days, PPG traded about 1686550 shares per day. A total of 235.21M shares are outstanding, with a floating share count of 232.28M. Insiders hold about 0.44% of the company’s shares, while institutions hold 84.99% stake in the company. Shares short for PPG as of 1726185600 were 2889326 with a Short Ratio of 1.95, compared to 1723680000 on 3219269. Therefore, it implies a Short% of Shares Outstanding of 2889326 and a Short% of Float of 1.39.
Dividends & Splits
PPG’s forward annual dividend rate is 2.63, up from 2.6 a year ago. Against a Trailing Annual Dividend Yield of 0.01989593The stock’s 5-year Average Dividend Yield is 1.75.
