The stock of PPG Industries, Inc. (PPG) has seen a -2.82% decrease in the past week, with a -3.35% drop in the past month, and a -5.81% decrease in the past quarter. The volatility ratio for the week is 1.80%, and the volatility levels for the past 30 days are at 1.56% for PPG. The simple moving average for the last 20 days is -2.64% for PPG stock, with a simple moving average of -1.22% for the last 200 days.
Is It Worth Investing in PPG Industries, Inc. (NYSE: PPG) Right Now?
The price-to-earnings ratio for PPG Industries, Inc. (NYSE: PPG) is above average at 25.73x. The 36-month beta value for PPG is also noteworthy at 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.”
The public float for PPG is 234.34M, and at present, short sellers hold a 1.77% of that float. The average trading volume of PPG on April 11, 2024 was 1.75M shares.
PPG) stock’s latest price update
The stock price of PPG Industries, Inc. (NYSE: PPG) has plunged by -3.14 when compared to previous closing price of 142.20, but the company has seen a -2.82% decline in its stock price over the last five trading sessions. Zacks Investment Research reported 2024-04-05 that The Zacks Chemicals Specialty industry is poised to benefit from an uptick in demand across major end-use markets. PPG, DQ, HWKN and AVD are set to gain from self-help actions and demand recovery.
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 -2.40% 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 -9.92% of loss for the given period.
Volatility was left at 1.56%, however, over the last 30 days, the volatility rate increased by 1.80%, as shares sank -2.53% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -3.59% lower at present.
During the last 5 trading sessions, PPG fell by -2.82%, which changed the moving average for the period of 200-days by -0.84% in comparison to the 20-day moving average, which settled at $141.28. In addition, PPG Industries, Inc. saw -7.90% 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 2.07. 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 summary, PPG Industries, Inc. (PPG) has had a bad performance as of late. Analysts have bullish opinions on the stock, with some viewing it as a “buy” and others as a “hold”. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
