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After finishing at $133.21 in the prior trading day, PPG Industries, Inc. (NYSE: PPG) closed at $130.62, down -1.94%. In other words, the price has decreased by -$1.94 from its previous closing price. On the day, 1.61 million shares were traded. PPG stock price reached its highest trading level at $133.42 during the session, while it also had its lowest trading level at $130.47.
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 24.80 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 19.37. 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 31237771264 and an Enterprise Value of 36634390528. As of this moment, PPG’s Price-to-Earnings (P/E) ratio for their current fiscal year is 22.04, and their Forward P/E ratio for the next fiscal year is 13.98. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 2.18. 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 3.86. Its current Enterprise Value per Revenue stands at 2.015 whereas that against EBITDA is 13.042.
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 -2.95%, while the 200-Day Moving Average is calculated to be -4.69%.
Shares Statistics:
The stock has traded on average 1.65M shares per day over the past 3-months and 1599160 shares per day over the last 10 days, according to various share statistics. 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 85.50% stake in the company. Shares short for PPG as of 1715731200 were 2939573 with a Short Ratio of 1.78, compared to 1713139200 on 3693689. Therefore, it implies a Short% of Shares Outstanding of 2939573 and a Short% of Float of 1.39999995.
Dividends & Splits
In the trailing 12 months, PPG’s forward annual dividend rate was 2.57, compared to 2.60 this year. Against a Trailing Annual Dividend Yield of 0.019292844The stock’s 5-year Average Dividend Yield is 1.72.
Earnings Estimates
The current market rating for PPG Industries, Inc. (PPG) reflects the collective analysis of 20.0 analysts closely monitoring its performance.On average, analysts expect EPS of $2.49 for the current quarter, with a high estimate of $2.61 and a low estimate of $2.46, while EPS last year was $2.25. The consensus estimate for the next quarter is $2.3, with high estimates of $2.4 and low estimates of $2.18.
Analysts are recommending an EPS of between $8.76 and $8.31 for the fiscal current year, implying an average EPS of $8.44. EPS for the following year is $9.33, with 23.0 analysts recommending between $10.05 and $8.82.
Revenue Estimates
15 analysts predict $4.93B in revenue for the current quarter. It ranges from a high estimate of $4.99B to a low estimate of $4.87B. As of the current estimate, PPG Industries, Inc.’s year-ago sales were $4.84BFor the next quarter, 15 analysts are estimating revenue of $4.76B. There is a high estimate of $4.83B for the next quarter, whereas the lowest estimate is $4.68B.
A total of 21 analysts have provided revenue estimates for PPG’s current fiscal year. The highest revenue estimate was $18.69B, while the lowest revenue estimate was $18.31B, resulting in an average revenue estimate of $18.49B. In the same quarter a year ago, actual revenue was $18.25BBased on 20 analysts’ estimates, the company’s revenue will be $19.11B in the next fiscal year. The high estimate is $19.44B and the low estimate is $18.61B.
