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PPG Industries, Inc. (NYSE: PPG) closed the day trading at $126.64 up 1.10% from the previous closing price of $125.26. In other words, the price has increased by $1.10 from its previous closing price. On the day, 1.11 million shares were traded. PPG stock price reached its highest trading level at $126.875 during the session, while it also had its lowest trading level at $125.3.
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 24.05 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 18.78. For the most recent quarter (mrq), Quick Ratio is recorded 1.08 and its Current Ratio is at 1.55. In the meantime, Its Debt-to-Equity ratio is 0.89 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. On Aug 01 ’23, another insider, Morales Vincent J, who serves as the Senior VP & CFO of the company, sold 3,700 shares for $143.33 each. As a result, the insider received 530,321 and left with 22,665 shares of the company.
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 29697079296 and an Enterprise Value of 35701080064. As of this moment, PPG’s Price-to-Earnings (P/E) ratio for their current fiscal year is 21.37, and their Forward P/E ratio for the next fiscal year is 13.59. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 2.11. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.63 while its Price-to-Book (P/B) ratio in mrq is 3.74. Its current Enterprise Value per Revenue stands at 1.964 whereas that against EBITDA is 12.71.
Stock Price History:
The Beta on a monthly basis for PPG is 1.26, which has changed by -0.16414756 over the last 52 weeks, in comparison to a change of 0.24919295 over the same period for the S&P500. Over the past 52 weeks, PPG has reached a high of $152.89, while it has fallen to a 52-week low of $120.32. The 50-Day Moving Average of the stock is -2.71%, while the 200-Day Moving Average is calculated to be -6.88%.
Shares Statistics:
Over the past 3-months, PPG traded about 1.57M shares per day on average, while over the past 10 days, PPG traded about 1334600 shares per day. A total of 235.21M shares are outstanding, with a floating share count of 233.48M. Insiders hold about 0.44% of the company’s shares, while institutions hold 85.63% stake in the company. Shares short for PPG as of 1718323200 were 2968819 with a Short Ratio of 1.89, compared to 1715731200 on 2939573. Therefore, it implies a Short% of Shares Outstanding of 2968819 and a Short% of Float of 1.4199998999999999.
Dividends & Splits
PPG’s forward annual dividend rate is 2.60, up from 2.57 a year ago. Against a Trailing Annual Dividend Yield of 0.020517323The stock’s 5-year Average Dividend Yield is 1.73. The current Payout Ratio is 47.44% for PPG, which recently paid a dividend on 2024-05-09 with an ex-dividend date of 1715212800. Stock splits for the company last occurred on 2015-06-15 when the company split stock in a 2:1 ratio.
