PPG Industries, Inc. with ticker code (PPG) now have 24 market analysts covering the stock. The analyst consensus now points to a rating of ‘Buy’. The target price High/Low ranges between 159 and 118 with the average target price sitting at $139.21. Given that the stocks previous close was at $124.71 this indicates there is a potential upside of 11.6%. There is a 50 day moving average of $129.63 and the 200 day moving average is $124.28. The company has a market cap of $30,399m. You can visit the company’s website by visiting: https://www.ppg.com
The potential market cap would be $33,933m based on the market consensus.
PPG Industries, Inc. 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 1.99% with the ex dividend date set at 16-2-2023 (DMY).
Other points of data to note are a P/E ratio of 28.83, revenue per share of 74.77 and a 5.11% return on assets.
