In the past week, PPG stock has gone up by 0.85%, with a monthly decline of -4.06% and a quarterly plunge of -10.88%. The volatility ratio for the week is 1.30%, and the volatility levels for the last 30 days are 1.68% for PPG Industries, Inc. The simple moving average for the past 20 days is -1.36% for PPG’s stock, with a -7.21% 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 higher price-to-earnings ratio of 21.31x compared to its average ratio, The 36-month beta value for PPG is at 1.26. Analysts have varying views on the stock, with 9 analysts rating it as a “buy,” 4 rating it as “overweight,” 10 as “hold,” and 0 as “sell.”
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The public float for PPG is 233.48M, and currently, shorts hold a 1.27% of that float. The average trading volume for PPG on July 04, 2024 was 1.58M shares.
PPG) stock’s latest price update
The stock price of PPG Industries, Inc. (NYSE: PPG) has jumped by 1.15 compared to previous close of 124.88. Despite this, the company has seen a gain of 0.85% in its stock price over the last five trading days. seekingalpha.com reported 2024-06-29 that The market remains near record highs with the best-ever presidential election year return and 13th-best S&P return through the first half of the year. Free cash flow yield is the best valuation metric since 1990, averaging 17.6% annual returns for the most undervalued companies over the last 33 years. Screening for high free cash flow yield dividend aristocrats can provide a diversified portfolio of quality, income dependability, growth, and value.
Analysts’ Opinion of PPG
Evercore ISI, on the other hand, stated in their research note that they expect to see PPG reach a price target of $152. The rating they have provided for PPG stocks is “In-line” according to the report published on April 22nd, 2024.
Wells Fargo gave a rating of “Overweight” to PPG, setting the target price at $163 in the report published on April 11th of the current year.
PPG Trading at -3.25% 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 -17.39% of loss for the given period.
Volatility was left at 1.68%, however, over the last 30 days, the volatility rate increased by 1.30%, as shares sank -5.17% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -4.80% lower at present.
During the last 5 trading sessions, PPG fell by -0.30%, which changed the moving average for the period of 200-days by -6.67% in comparison to the 20-day moving average, which settled at $127.71. In addition, PPG Industries, Inc. saw -15.54% 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 KNAVISH TIMOTHY M, who purchase 2,061 shares at the price of $133.24 back on May 08 ’24. After this action, KNAVISH TIMOTHY M now owns 35,833 shares of PPG Industries, Inc., valued at $274,615 using the latest closing price.
Morales Vincent J, the Senior VP & CFO of PPG Industries, Inc., sale 3,400 shares at $140.94 during a trade that took place back on Mar 01 ’24, which means that Morales Vincent J is holding 28,439 shares at $479,196 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 0.08. The total capital return value is set at 0.12. Equity return is now at value 18.64, with 6.40 for asset returns.
Based on PPG Industries, Inc. (PPG), the company’s capital structure generated 0.45 points at debt to capital in total, while cash flow to debt ratio is standing at 0.35. The debt to equity ratio resting at 0.81. The interest coverage ratio of the stock is 8.23.
Currently, EBITDA for the company is 2.27 billion with net debt to EBITDA at 2.28. When we switch over and look at the enterprise to sales, we see a ratio of 1.94. The receivables turnover for the company is 5.08for trailing twelve months and the total asset turnover is 0.83. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.55.
Conclusion
In conclusion, PPG Industries, Inc. (PPG) has had a bad performance lately. Opinion on the stock among analysts is bullish, with some giving it a “buy” rating and others 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.
