Market Recap Check: PPG Industries, Inc. (PPG)’s Positive Finish at 135.33, Up/Down 0.73

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The price of PPG Industries, Inc. (NYSE: PPG) closed at $135.33 in the last session, up 0.73% from day before closing price of $134.35. In other words, the price has increased by $0.73 from its previous closing price. On the day, 1.08 million shares were traded. PPG stock price reached its highest trading level at $136.21 during the session, while it also had its lowest trading level at $135.22.

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 25.70 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 20.07. 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 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 31734886400 and an Enterprise Value of 37738885120. As of this moment, PPG’s Price-to-Earnings (P/E) ratio for their current fiscal year is 22.84, and their Forward P/E ratio for the next fiscal year is 14.48. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 2.26. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.75 while its Price-to-Book (P/B) ratio in mrq is 4.00. Its current Enterprise Value per Revenue stands at 2.076 whereas that against EBITDA is 13.435.

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 -1.57%, while the 200-Day Moving Average is calculated to be -1.81%.

Shares Statistics:

According to the various share statistics, PPG traded on average about 1.75M shares per day over the past 3-months and 1528060 shares per day over the past 10 days. A total of 235.21M shares are outstanding, with a floating share count of 233.48M. Insiders hold about 0.43% of the company’s shares, while institutions hold 85.90% stake in the company. Shares short for PPG as of 1714435200 were 2519643 with a Short Ratio of 1.44, compared to 1711584000 on 4149846. Therefore, it implies a Short% of Shares Outstanding of 2519643 and a Short% of Float of 1.2.

Dividends & Splits

The forward annual dividend rate for PPG is 2.60, which was 2.57 in the trailing 12 months. Against a Trailing Annual Dividend Yield of 0.019129138The stock’s 5-year Average Dividend Yield is 1.72.

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