Impact of Brokerage Rating on PPG Industries, Inc.(PPG)

Many PPG Industries, Inc.(PPG) Stock Research Financial Advisors from Investment Banking firms have advised their client and investors on the stock. PPG Industries was Downgraded by Susquehanna to Neutral on Jan 17, 2017. PPG Industries was Downgraded by Citigroup to Neutral on Jan 9, 2017. PPG Industries was Downgraded by RBC Capital Mkts on Dec 13, 2016 to Sector Perform, Lowers Price Target to $ 101 from a previous price target of $105 .

Company has reported several Insider transactions to the SEC, on Aug 8, 2016, Timothy M Knavish (Sr. VP, Automotive Coatings) sold 9,300 shares at 104.08 per share price.On Jul 28, 2016, Viktoras R Sekmakas (Executive Vice President) sold 40,950 shares at 106.64 per share price.On Mar 1, 2016, Charles E Bunch (Executive Chairman of Board) sold 46,286 shares at 98.17 per share price.

PPG Industries Last issued its quarterly earnings results on Jan 19, 2017. The company reported $1.19 EPS for the quarter, beating the analyst consensus estimate by $ 0.01. Analyst had a consensus of $1.18. The company had revenue of $3500.00 million for the quarter, compared to analysts expectations of $3553.78 million. The companys revenue was down -5.3 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $1.23 EPS.

PPG Industries, Inc. (NYSE:PPG) has received a short term rating of hold from experts at Zacks with a rank of 3. The stock has been rated an average of 1.76 by 17 Brokerage Firm. 10 Wall Street Firms have rated the stock as a strong buys. 1 stock experts have also suggested a buy rating. 6 Brokerage Firms have advised hold.

PPG Industries, Inc. (NYSE:PPG): The stock price is expected to reach $ 111.5 in the short term. The number of analysts agreeing with this consensus is 14. The higher estimate for the short term price target is at $130 while the lower estimate is at $101. The standard deviation of the price stands at $8.15.

PPG Industries, Inc. (NYSE:PPG) rose 0.75% or 0.76 points on Tuesday and made its way into the gainers of the day. After trading began at $100.91 the stock was seen hitting $101.75 as a peak level and $100.47 as the lowest level. The stock ended up at $101.57. The daily volume was measured at 1,530,961 shares. The 52-week high of the share price is $117 and the 52-week low is $89.64. The company has a market cap of $26,814 million.

PPG Industries, Inc. is comprised of three following basic business segments: coatings, glass and chemicals. Areas in which resources have been focused are automotive original, refinish, industrial, aerospace, packaging, and architectural coatings; flat glass, automotive original and replacement glass, aircraft transparencies, continuous-strand fiber glass; and chlor-alkali and specialty chemicals.

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