PPG Industries, Inc. (NYSE:PPG) has been upgraded to Hold in a statement by Zacks Investment Research earlier today.
- Updated: September 28, 2016
Zacks Investment Research has upgraded PPG Industries, Inc. (NYSE:PPG) to Hold in a statement released on 09/28/2016.
Boasting a price of $103.47, PPG Industries, Inc. (NYSE:PPG) traded 1.07% higher on the day. With the last stock price close down -3.51% from the two hundred day average, compared with the S&P 500 Index which has decreased -0.01% over the date range. PPG Industries, Inc. has recorded a 50-day average of $104.13 and a two hundred day average of $107.32. Volume of trade was down over the average, with 1,070,146 shares of PPG changing hands under the typical 1,417,740
With a market cap of $0, PPG Industries, Inc. has price-earnings ratio of 19.13 with a one year low of $82.93 and a one year high of $117.00 .
A total of 18 equity analysts have released a ratings update on the stock. Six analysts rating the company a strong buy, eleven brokerages rating the stock a buy, 3 firms rating the stock a hold, 0 brokers rating the company a underperform, and finally zero brokerages rating the company a sell with a 12-month price target of $124.33.
More About PPG Industries, Inc. (NYSE:PPG)
PPG Industries, Inc. (PPG) manufactures and distributes a range of coatings, specialty materials and glass products. PPG operates through three business segments: Performance Coatings, Industrial Coatings and Glass. The Performance Coatings segment consists of the refinish, aerospace, protective and marine, architectural-Americas and Asia Pacific, and architectural-EMEA coatings businesses. The Industrial Coatings segment consists of the automotive original equipment manufacturer (OEM), industrial coatings, packaging coatings, and specialty coatings and materials businesses. Industrial, automotive OEM, packaging coatings, and specialty coatings and materials products are formulated specifically for the customers' needs and application methods. The Glass segment consists of the flat glass and fiberglass businesses. The Company's brands include SIKKENS, PPG PITTSBURGH PAINTS, MULCO, FLOOD, LIQUID NAILS, SICO, CIL, RENNER, TAUBMANS, WHITE KNIGHT and BRISTOL.
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