PPG Industries Inc. (NYSE:PPG) went up by 3.32% from its latest closing price compared to the recent 1-year high of $176.63. The company’s stock price has collected 3.79% of gains in the last five trading sessions. Press Release reported on 04/29/21 that PPG Innovation Named Finalist For Automotive News PACEpilot Award
Is It Worth Investing in PPG Industries Inc. (NYSE :PPG) Right Now?
PPG Industries Inc. (NYSE:PPG) scored a price-to-earnings ratio above its average ratio, recording 35.77 x from its present earnings ratio. Plus, the 36-month beta value for PPG is at 1.15. Opinions of the stock are interesting as 16 analysts out of 25 who provided ratings for PPG Industries Inc. declared the stock was a “buy,” while 1 rated the stock as “overweight,” 7 rated it as “hold,” and 1 as “sell.”
The average price from analysts is $181.90, which is -$2.75 below the current price. PPG currently public float of 235.21M and currently shorts hold a 1.95% ratio of that float. Today, the average trading volume of PPG was 1.48M shares.
PPG’s Market Performance
PPG stocks went up by 3.79% for the week, with a monthly jump of 16.40% and a quarterly performance of 27.20%, while its annual performance rate touched 105.86%. The volatility ratio for the week stands at 1.97% while the volatility levels for the past 30 days are set at 2.05% for PPG Industries Inc.. The simple moving average for the period of the last 20 days is 9.40% for PPG stocks with a simple moving average of 30.01% for the last 200 days.
Analysts’ Opinion of PPG
Many brokerage firms have already submitted their reports for PPG stocks, with Credit Suisse repeating the rating for PPG by listing it as a “Neutral.” The predicted price for PPG in the upcoming period, according to Credit Suisse is $145 based on the research report published on March 15th of the current year 2021.
BofA Securities, on the other hand, stated in their research note that they expect to see PPG reach a price target of $160. The rating they have provided for PPG stocks is “Buy” according to the report published on January 26th, 2021.
PPG Trading at 17.24% from the 50-Day Moving Average
After a stumble in the market that brought PPG to its low price for the period of the last 52 weeks, the company was able to rebound, for now settling with 1.20% of gains for the given period.
Volatility was left at 2.05%, however, over the last 30 days, the volatility rate increased by 1.97%, as shares surge +16.40% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +32.95% upper at present.
During the last 5 trading sessions, PPG rose by +3.79%, which changed the moving average for the period of 200-days by +59.77% in comparison to the 20-day moving average, which settled at $164.64. In addition, PPG Industries Inc. saw 23.94% in overturn over a single year, with a tendency to cut further gains.
Reports are indicating that there were more than several insider trading activities at PPG starting from RAMAPRASAD VADLAMANNATI, who sale 20,956 shares at the price of $168.84 back on Apr 20. After this action, RAMAPRASAD VADLAMANNATI now owns 25,992 shares of PPG Industries Inc., valued at $3,538,202 using the latest closing price.
Schaupp William E, the VP and Controller (PAO) of PPG Industries Inc., sale 3,850 shares at $134.66 during a trade that took place back on Nov 04, which means that Schaupp William E is holding 2,183 shares at $518,451 based on the most recent closing price.
Stock Fundamentals for PPG
Current profitability levels for the company are sitting at:
- +12.35 for the present operating margin
- +39.83 for the gross margin
The net margin for PPG Industries Inc. stands at +7.63. The total capital return value is set at 14.44, while invested capital returns managed to touch 9.61. Equity return is now at value 22.00, with 6.30 for asset returns.
Based on PPG Industries Inc. (PPG), the company’s capital structure generated 116.12 points at debt to equity in total, while total debt to capital is 53.73. Total debt to assets is 33.78, with long-term debt to equity ratio resting at 102.79. Finally, the long-term debt to capital ratio is 47.56.
When we switch over and look at the enterprise to sales, we see a ratio of 2.83, with the company’s debt to enterprise value settled at 0.17. The receivables turnover for the company is 5.05 and the total asset turnover is 0.74. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.41.