PPG Industries, Inc. (PPG) Stock: A Guide to the Market Trend

In the past week, PPG stock has gone down by -0.06%, with a monthly gain of 1.80% and a quarterly plunge of -3.77%. The volatility ratio for the week is 1.54%, and the volatility levels for the last 30 days are 1.49% for PPG Industries, Inc. The simple moving average for the past 20 days is 0.18% for PPG’s stock, with a 1.62% simple moving average for the past 200 days.

Is It Worth Investing in PPG Industries, Inc. (NYSE: PPG) Right Now?

PPG Industries, Inc. (NYSE: PPG) has a price-to-earnings ratio of 26.48x that is above its average ratio. Additionally, the 36-month beta value for PPG is 1.28. There are mixed opinions on the stock, with 9 analysts rating it as a “buy,” 4 rating it as “overweight,” 10 rating it as “hold,” and 0 rating it as “sell.”

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The public float for PPG is 234.34M and currently, short sellers hold a 1.68% ratio of that float. The average trading volume of PPG on April 04, 2024 was 1.76M shares.

PPG) stock’s latest price update

PPG Industries, Inc. (NYSE: PPG) has experienced a rise in its stock price by 0.05 compared to its previous closing price of 141.66. However, the company has seen a fall of -0.06% in its stock price over the last five trading days. Zacks Investment Research reported 2024-04-03 that PPG Industries (PPG) has received quite a bit of attention from Zacks.com users lately. Therefore, it is wise to be aware of the facts that can impact the stock’s prospects.

Analysts’ Opinion of PPG

Many brokerage firms have already submitted their reports for PPG stocks, with UBS repeating the rating for PPG by listing it as a “Neutral.” The predicted price for PPG in the upcoming period, according to UBS is $156 based on the research report published on March 07, 2024 of the current year 2024.

Barclays gave a rating of “Equal Weight” to PPG, setting the target price at $149 in the report published on February 27th of the current year.

PPG Trading at 0.31% 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 unable to rebound, for now settling with -7.30% of loss for the given period.

Volatility was left at 1.49%, however, over the last 30 days, the volatility rate increased by 1.54%, as shares surge +2.12% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -0.29% lower at present.

During the last 5 trading sessions, PPG fell by -0.06%, which changed the moving average for the period of 200-days by +0.33% in comparison to the 20-day moving average, which settled at $141.63. In addition, PPG Industries, Inc. saw -5.23% in overturn over a single year, with a tendency to cut further losses.

Insider Trading

Reports are indicating that there were more than several insider trading activities at PPG starting from Morales Vincent J, who sale 3,400 shares at the price of $140.94 back on Mar 01 ’24. After this action, Morales Vincent J now owns 28,439 shares of PPG Industries, Inc., valued at $479,196 using the latest closing price.

Morales Vincent J, the Senior VP & CFO of PPG Industries, Inc., sale 3,700 shares at $143.33 during a trade that took place back on Aug 01 ’23, which means that Morales Vincent J is holding 22,665 shares at $530,321 based on the most recent closing price.

Stock Fundamentals for PPG

Current profitability levels for the company are sitting at:

  • 0.11 for the present operating margin
  • 0.41 for the gross margin

The net margin for PPG Industries, Inc. stands at 0.07. The total capital return value is set at 0.12. Equity return is now at value 17.61, with 5.99 for asset returns.

Based on PPG Industries, Inc. (PPG), the company’s capital structure generated 0.44 points at debt to capital in total, while cash flow to debt ratio is standing at 0.39. The debt to equity ratio resting at 0.8. The interest coverage ratio of the stock is 8.17.

Currently, EBITDA for the company is 2.27 billion with net debt to EBITDA at 2.08. When we switch over and look at the enterprise to sales, we see a ratio of 2.12. The receivables turnover for the company is 5.56for trailing twelve months and the total asset turnover is 0.84. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.47.

Conclusion

In conclusion, PPG Industries, Inc. (PPG) has seen mixed performance in recent times. Analysts have a bullish opinion on the stock, with some rating it as a “buy” and others rating it as a “hold”. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.

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