PPG Industries (PPG) Receiving Somewhat Positive News Coverage, Accern Reports

Media stories about PPG Industries (NYSE:PPG) have been trending somewhat positive on Thursday, Accern Sentiment Analysis reports. Accern scores the sentiment of press coverage by monitoring more than 20 million news and blog sources. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. PPG Industries earned a news sentiment score of 0.12 on Accern’s scale. Accern also gave media stories about the specialty chemicals company an impact score of 46.8936830040446 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the next few days.

Here are some of the news stories that may have effected Accern Sentiment Analysis’s rankings:

Shares of PPG Industries (NYSE:PPG) traded up $3.91 during trading on Thursday, hitting $118.41. 3,734,635 shares of the stock were exchanged, compared to its average volume of 1,702,125. The firm has a market cap of $30,130.00, a price-to-earnings ratio of 23.59, a PEG ratio of 2.09 and a beta of 1.60. The company has a current ratio of 1.65, a quick ratio of 1.26 and a debt-to-equity ratio of 0.68. PPG Industries has a 1-year low of $96.00 and a 1-year high of $122.07.

PPG Industries (NYSE:PPG) last issued its earnings results on Wednesday, January 17th. The specialty chemicals company reported $1.19 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.26 by ($0.07). The company had revenue of $3.68 billion during the quarter, compared to analyst estimates of $3.61 billion. PPG Industries had a net margin of 12.21% and a return on equity of 27.85%. The business’s revenue for the quarter was up 7.8% compared to the same quarter last year. During the same quarter last year, the company posted $1.19 EPS. equities analysts expect that PPG Industries will post 5.87 EPS for the current year.

The business also recently announced a quarterly dividend, which will be paid on Monday, March 12th. Stockholders of record on Friday, February 16th will be paid a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a dividend yield of 1.52%. PPG Industries’s dividend payout ratio (DPR) is presently 35.86%.

PPG Industries announced that its Board of Directors has initiated a share repurchase plan on Thursday, December 14th that authorizes the company to repurchase $2.50 billion in outstanding shares. This repurchase authorization authorizes the specialty chemicals company to reacquire shares of its stock through open market purchases. Stock repurchase plans are generally an indication that the company’s board believes its stock is undervalued.

A number of equities analysts have commented on PPG shares. Zacks Investment Research lowered shares of PPG Industries from a “hold” rating to a “sell” rating in a report on Wednesday, December 20th. Credit Suisse Group set a $119.00 price objective on shares of PPG Industries and gave the stock a “buy” rating in a report on Friday, October 20th. Jefferies Group reiterated a “buy” rating and issued a $120.00 price objective on shares of PPG Industries in a report on Thursday, October 19th. Bank of America set a $120.00 price objective on shares of PPG Industries and gave the stock a “hold” rating in a report on Friday, October 20th. Finally, Citigroup boosted their price objective on shares of PPG Industries from $114.00 to $127.00 and gave the stock a “neutral” rating in a report on Wednesday, October 25th. Ten investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. PPG Industries currently has an average rating of “Hold” and an average price target of $123.40.

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PPG Industries Company Profile

PPG Industries, Inc manufactures and distributes a range of coatings and specialty materials. The Company has two segments: Performance Coatings and Industrial Coatings. The Performance Coatings segment includes the refinish, aerospace, protective and marine, architectural businesses. The Industrial Coatings segment includes the automotive original equipment manufacturer (OEM), industrial coatings, packaging coatings, coatings services and specialty coatings and materials businesses.

Insider Buying and Selling by Quarter for PPG Industries (NYSE:PPG)

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