The stock of PPG Industries, Inc (PPG) has seen a -1.86% decrease in the past week, with a -4.97% drop in the past month, and a 1.11% flourish in the past quarter. The volatility ratio for the week is 1.53%, and the volatility levels for the past 30 days are at 1.63% for PPG. The simple moving average for the past 20 days is -2.21% for PPG’s stock, with a -6.06% 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 19.57x compared to its average ratio. PPG has 36-month beta value of 1.24. Analysts have mixed views on the stock, with 9 analysts rating it as a “buy,” 4 as “overweight,” 10 as “hold,” and 0 as “sell.”
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The public float for PPG is 230.99M, and currently, short sellers hold a 0.97% ratio of that float. The average trading volume of PPG on November 14, 2024 was 1.41M shares.
PPG) stock’s latest price update
PPG Industries, Inc (NYSE: PPG) has experienced a rise in its stock price by 1.37 compared to its previous closing price of 121.75. However, the company has seen a fall of -1.86% in its stock price over the last five trading days. businesswire.com reported 2024-11-13 that PITTSBURGH–(BUSINESS WIRE)–PPG (NYSE:PPG) today announced the following leadership changes within industrial coatings, effective Jan. 1, 2025: Juliane Hefel, currently vice president, specialty coatings and materials (SCM), has been appointed senior vice president of industrial coatings in addition to her strategic and operational leadership of the global SCM business. Hefel will report to Tim Knavish, PPG Chairman and CEO, and will also become a member of PPG’s operating committee. Hefel joi.
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 -3.17% 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 -18.35% of loss for the given period.
Volatility was left at 1.63%, however, over the last 30 days, the volatility rate increased by 1.53%, as shares sank -5.32% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -2.57% lower at present.
During the last 5 trading sessions, PPG fell by -1.86%, which changed the moving average for the period of 200-days by -13.73% in comparison to the 20-day moving average, which settled at $126.20. In addition, PPG Industries, Inc saw -17.47% 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 Foulkes Anne M., who sale 1,985 shares at the price of $125.80 back on Oct 31 ’24. After this action, Foulkes Anne M. now owns 13,454 shares of PPG Industries, Inc, valued at $249,713 using the latest closing price.
Foulkes Anne M., the Officer of PPG Industries, Inc, proposed sale 1,985 shares at $125.80 during a trade that took place back on Oct 31 ’24, which means that Foulkes Anne M. is holding shares at $249,713 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 19.13, with 6.85 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 0.3. The debt to equity ratio resting at 0.83. The interest coverage ratio of the stock is 8.55.
Currently, EBITDA for the company is 2.6 billion with net debt to EBITDA at 2.09. When we switch over and look at the enterprise to sales, we see a ratio of 1.92. The receivables turnover for the company is 4.94for trailing twelve months and the total asset turnover is 0.82. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.58.
Conclusion
To put it simply, PPG Industries, Inc (PPG) has had a bad performance in recent times. Analysts have a bullish opinion on the stock, with some rating 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.
