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The price of PPG Industries, Inc. (NYSE: PPG) closed at $130.43 in the last session, down -0.56% from day before closing price of $131.16. In other words, the price has decreased by -$0.56 from its previous closing price. On the day, 2.59 million shares were traded. PPG stock price reached its highest trading level at $131.65 during the session, while it also had its lowest trading level at $129.43.
Ratios:
We take a closer look at PPG’s different ratios to gain a better understanding of the stock. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 24.86 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 19.42. 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:
An investor can also benefit from insider trades by learning what management is thinking about the future direction of stock prices. A recent insider transaction in this stock occurred on Mar 01 ’24 when Morales Vincent J sold 3,400 shares for $140.94 per share. The transaction valued at 479,196 led to the insider holds 28,439 shares of the business.
Morales Vincent J sold 3,700 shares of PPG for $530,321 on Aug 01 ’23. The Senior VP & CFO now owns 22,665 shares after completing the transaction at $143.33 per share. On Jul 26 ’23, another insider, MCGARRY MICHAEL H, who serves as the Executive Chairman of the company, sold 58,378 shares for $145.46 each. As a result, the insider received 8,491,397 and left with 195,706 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 30585833472 and an Enterprise Value of 36761018368. As of this moment, PPG’s Price-to-Earnings (P/E) ratio for their current fiscal year is 22.01, and their Forward P/E ratio for the next fiscal year is 13.94. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 2.12. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.69 while its Price-to-Book (P/B) ratio in mrq is 3.85. Its current Enterprise Value per Revenue stands at 2.022 whereas that against EBITDA is 13.087.
Stock Price History:
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 -6.86%, while the 200-Day Moving Average is calculated to be -6.15%.
Shares Statistics:
According to the various share statistics, PPG traded on average about 1.77M shares per day over the past 3-months and 2261580 shares per day over the past 10 days. A total of 235.21M shares are outstanding, with a floating share count of 234.34M. Insiders hold about 0.43% of the company’s shares, while institutions hold 83.45% stake in the company. Shares short for PPG as of 1711584000 were 4149846 with a Short Ratio of 2.35, compared to 1709164800 on 3648470. Therefore, it implies a Short% of Shares Outstanding of 4149846 and a Short% of Float of 1.97.
Dividends & Splits
The forward annual dividend rate for PPG is 2.57, which was 2.57 in the trailing 12 months. Against a Trailing Annual Dividend Yield of 0.019594388The stock’s 5-year Average Dividend Yield is 1.71.
