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In the latest session, PPG Industries, Inc (NYSE: PPG) closed at $115.07 up 0.70% from its previous closing price of $114.27. In other words, the price has increased by $0.70 from its previous closing price. On the day, 2.74 million shares were traded. PPG stock price reached its highest trading level at $116.7 during the session, while it also had its lowest trading level at $114.52.
Ratios:
For a deeper understanding of PPG Industries, Inc’s stock, let’s take a closer look at its various ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 19.99 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 20.63. For the most recent quarter (mrq), Quick Ratio is recorded 1.13 and its Current Ratio is at 1.58. In the meantime, Its Debt-to-Equity ratio is 0.93 whereas as Long-Term Debt/Eq ratio is at 0.86.
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:
Additionally, insider trades can be beneficial to investors who want to learn what the management thinks about stock prices in the future. A recent insider transaction in this stock occurred on Oct 31 ’24 when Foulkes Anne M. sold 1,985 shares for $125.80 per share. The transaction valued at 249,713 led to the insider holds 13,454 shares of the business.
Foulkes Anne M. bought 1,985 shares of PPG for $249,713 on Oct 31 ’24. On May 08 ’24, another insider, KNAVISH TIMOTHY M, who serves as the Chairman and CEO of the company, bought 2,061 shares for $133.24 each. As a result, the insider paid 274,615 and bolstered with 35,833 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 26696239104 and an Enterprise Value of 32826241024. As of this moment, PPG’s Price-to-Earnings (P/E) ratio for their current fiscal year is 18.25, and their Forward P/E ratio for the next fiscal year is 13.13. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 2.79. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.47 while its Price-to-Book (P/B) ratio in mrq is 3.43. Its current Enterprise Value per Revenue stands at 1.821 whereas that against EBITDA is 11.438.
Stock Price History:
The Beta on a monthly basis for PPG is 1.23, which has changed by -0.2185598 over the last 52 weeks, in comparison to a change of 0.24933672 over the same period for the S&P500. Over the past 52 weeks, PPG has reached a high of $147.76, while it has fallen to a 52-week low of $113.49. The 50-Day Moving Average of the stock is -6.58%, while the 200-Day Moving Average is calculated to be -10.21%.
Shares Statistics:
For the past three months, PPG has traded an average of 1.73M shares per day and 1924580 over the past ten days. A total of 232.00M shares are outstanding, with a floating share count of 230.96M. Insiders hold about 0.45% of the company’s shares, while institutions hold 84.62% stake in the company. Shares short for PPG as of 1734048000 were 4620153 with a Short Ratio of 2.67, compared to 1731628800 on 3268482. Therefore, it implies a Short% of Shares Outstanding of 4620153 and a Short% of Float of 2.23.
Dividends & Splits
According to the company, the forward annual dividend rate for PPG is 2.66, from 2.63 in the trailing year. Against a Trailing Annual Dividend Yield of 0.023015667The stock’s 5-year Average Dividend Yield is 1.78. The current Payout Ratio is 47.44% for PPG, which recently paid a dividend on 2024-08-12 with an ex-dividend date of 1731369600. Stock splits for the company last occurred on 2015-06-15 when the company split stock in a 2:1 ratio.
