Stock Surge: PPG Industries, Inc. (PPG) Closes at 128.46, Marking a 0.47 Increase/Decrease

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In the latest session, PPG Industries, Inc. (NYSE: PPG) closed at $128.46 up 0.47% from its previous closing price of $127.86. In other words, the price has increased by $0.47 from its previous closing price. On the day, 1.32 million shares were traded. PPG stock price reached its highest trading level at $130.09 during the session, while it also had its lowest trading level at $127.14.

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 24.39 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 19.05. 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:

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 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 30123872256 and an Enterprise Value of 36127870976. As of this moment, PPG’s Price-to-Earnings (P/E) ratio for their current fiscal year is 21.68, and their Forward P/E ratio for the next fiscal year is 13.75. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 2.14. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.66 while its Price-to-Book (P/B) ratio in mrq is 3.79. Its current Enterprise Value per Revenue stands at 1.988 whereas that against EBITDA is 12.861.

Stock Price History:

The Beta on a monthly basis for PPG is 1.26, which has changed by -0.075095415 over the last 52 weeks, in comparison to a change of 0.2586832 over the same period for the S&P500. 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 -2.88%, while the 200-Day Moving Average is calculated to be -5.94%.

Shares Statistics:

For the past three months, PPG has traded an average of 1.54M shares per day and 1277540 over the past ten days. 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 85.46% stake in the company. Shares short for PPG as of 1715731200 were 2939573 with a Short Ratio of 1.61, 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

According to the company, the forward annual dividend rate for PPG is 2.60, from 2.57 in the trailing year. Against a Trailing Annual Dividend Yield of 0.02010011The stock’s 5-year Average Dividend Yield is 1.72. The current Payout Ratio is 47.44% for PPG, which recently paid a dividend on 2024-02-15 with an ex-dividend date of 1715212800. Stock splits for the company last occurred on 2015-06-15 when the company split stock in a 2:1 ratio.

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