PPG Industries (PPG) Receiving Somewhat Positive News Coverage, Report Finds

Press coverage about PPG Industries (NYSE:PPG) has trended somewhat positive this week, Accern Sentiment Analysis reports. Accern identifies negative and positive media coverage by reviewing more than 20 million blog and news sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores nearest to one being the most favorable. PPG Industries earned a media sentiment score of 0.19 on Accern’s scale. Accern also assigned news articles about the specialty chemicals company an impact score of 46.2244953836481 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the next several days.

These are some of the news articles that may have impacted Accern Sentiment Analysis’s scoring:

Shares of PPG Industries (PPG) traded down $0.81 during mid-day trading on Tuesday, reaching $116.75. 1,004,510 shares of the company’s stock traded hands, compared to its average volume of 1,445,949. The firm has a market cap of $29,920.00, a price-to-earnings ratio of 19.68, a P/E/G ratio of 2.31 and a beta of 1.60. The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.26 and a current ratio of 1.65. PPG Industries has a 52 week low of $93.80 and a 52 week high of $119.85.

PPG Industries (NYSE:PPG) last announced its quarterly earnings data on Thursday, October 19th. The specialty chemicals company reported $1.52 earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of $1.52. The company had revenue of $3.78 billion during the quarter, compared to analyst estimates of $3.75 billion. PPG Industries had a net margin of 12.21% and a return on equity of 27.85%. The firm’s revenue for the quarter was up 3.2% compared to the same quarter last year. During the same period last year, the business earned $1.56 EPS. equities research analysts predict that PPG Industries will post 5.9 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 12th. Shareholders of record on Friday, November 10th will be issued a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a yield of 1.54%. The ex-dividend date is Thursday, November 9th. PPG Industries’s dividend payout ratio is currently 35.86%.

PPG has been the subject of several recent research reports. Credit Suisse Group set a $119.00 price objective on shares of PPG Industries and gave the stock a “buy” rating in a research report on Friday, October 20th. Jefferies Group reissued a “buy” rating and issued a $120.00 price objective on shares of PPG Industries in a research report on Thursday, October 19th. Zacks Investment Research lowered shares of PPG Industries from a “hold” rating to a “sell” rating in a research report on Tuesday, October 17th. Robert W. Baird reissued a “buy” rating and issued a $115.00 price objective on shares of PPG Industries in a research report on Friday, September 1st. Finally, Bank of America set a $120.00 price target on shares of PPG Industries and gave the company a “hold” rating in a report on Friday, October 20th. Ten equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. PPG Industries presently has a consensus rating of “Hold” and a consensus price target of $119.40.

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About PPG Industries

PPG Industries, Inc manufactures and distributes a range of coatings and specialty materials. The Company has two segments: Performance Coatings and Industrial Coatings. The Performance Coatings segment includes the refinish, aerospace, protective and marine, architectural businesses. The Industrial Coatings segment includes the automotive original equipment manufacturer (OEM), industrial coatings, packaging coatings, coatings services and specialty coatings and materials businesses.

Insider Buying and Selling by Quarter for PPG Industries (NYSE:PPG)

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