PPG Industries which can be found using ticker (PPG) have now 23 confirmed analysts covering the stock with the consensus suggesting a rating of ‘Buy’. The target price High/Low ranges between 159 and 118 calculating the average target price we see $139.26. Given that the stocks previous close was at $123.51 and the analysts are correct then we can expect a percentage increase in value of 12.8%. The 50 day moving average now sits at $129.11 and the 200 moving average now moves to $124.18. The market capitalization for the company is $29,523m. Company Website: https://www.ppg.com
The potential market cap would be $33,288m based on the market consensus.
PPG Industries manufactures and distributes paints, coatings, and specialty materials worldwide. The company operates through Performance Coatings and Industrial Coatings. The Performance Coatings segment offers coatings, solvents, adhesives, sealants, sundries, and software for automotive and commercial transport/fleet repair and refurbishing, light industrial coatings, and specialty coatings for signs; and coatings, sealants, transparencies, transparent armor, adhesives, engineered materials, and packaging and chemical management services for commercial, military, regional jet, and general aviation aircraft. The Industrial Coatings segment offers coatings, adhesives and sealants, and metal pretreatments, as well as services and coatings applications for appliances, agricultural and construction equipment, consumer electronics, automotive parts and accessories, building products, kitchenware, and transportation vehicles and other finished products; and on-site coatings services. It also provides coatings for metal cans, closures, plastic tubes, and promotional and specialty packaging; amorphous precipitated silica for tire, battery separator, and other end-uses; TESLIN substrates for labels, e-passports, drivers’ licenses, breathable membranes, and loyalty and identification cards; and organic light emitting diode materials, displays and lighting lens materials, optical lenses, color-change products, and photochromic dyes. The company was incorporated in 1883 and is headquartered in Pittsburgh, Pennsylvania.
The company has a dividend yield of 2.01% with the ex dividend date set at 16-2-2023 (DMY).
Other points of data to note are a P/E ratio of 28.51, revenue per share of 74.77 and a 5.11% return on assets.
