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After finishing at $115.38 in the prior trading day, PPG Industries, Inc (NYSE: PPG) closed at $111.99, down -2.94%. In other words, the price has decreased by -$2.94 from its previous closing price. On the day, 3.22 million shares were traded. PPG stock price reached its highest trading level at $114.0 during the session, while it also had its lowest trading level at $110.24.
Ratios:
Our goal is to gain a better understanding of PPG by taking a closer look at its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 19.13 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 20.28. For the most recent quarter (mrq), Quick Ratio is recorded 0.94 and its Current Ratio is at 1.31. In the meantime, Its Debt-to-Equity ratio is 0.76 whereas as Long-Term Debt/Eq ratio is at 0.63.
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 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 25981679616 and an Enterprise Value of 34608001024. As of this moment, PPG’s Price-to-Earnings (P/E) ratio for their current fiscal year is 23.74, and their Forward P/E ratio for the next fiscal year is 12.61. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 3.15. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.49 while its Price-to-Book (P/B) ratio in mrq is 3.34. Its current Enterprise Value per Revenue stands at 1.919 whereas that against EBITDA is 12.059.
Stock Price History:
The Beta on a monthly basis for PPG is 1.22, which has changed by -0.1752091 over the last 52 weeks, in comparison to a change of 0.21926713 over the same period for the S&P500. Over the past 52 weeks, PPG has reached a high of $145.60, while it has fallen to a 52-week low of $113.00. The 50-Day Moving Average of the stock is -7.53%, while the 200-Day Moving Average is calculated to be -11.31%.
Shares Statistics:
The stock has traded on average 1.93M shares per day over the past 3-months and 2371930 shares per day over the last 10 days, according to various share statistics. A total of 232.00M shares are outstanding, with a floating share count of 230.82M. Insiders hold about 0.51% of the company’s shares, while institutions hold 84.44% stake in the company. Shares short for PPG as of 1736899200 were 5155920 with a Short Ratio of 2.67, compared to 1734048000 on 4620153. Therefore, it implies a Short% of Shares Outstanding of 5155920 and a Short% of Float of 2.4899999999999998.
Dividends & Splits
The stock’s 5-year Average Dividend Yield is 1.78. The current Payout Ratio is 56.00% for PPG, which recently paid a dividend on 2024-11-12 with an ex-dividend date of 1740096000. Stock splits for the company last occurred on 2015-06-15 when the company split stock in a 2:1 ratio.