StockNews.com Downgrades PPG Industries (NYSE:PPG) to Hold

PPG Industries (NYSE:PPG) was downgraded by investment analysts at StockNews.com from a “buy” rating to a “hold” rating in a research note issued on Monday.

A number of other brokerages have also issued reports on PPG. BMO Capital Markets reaffirmed an “outperform” rating and issued a $155.00 price target (down from $160.00) on shares of PPG Industries in a research note on Monday, October 21st. KeyCorp lowered PPG Industries from a “strong-buy” rating to a “hold” rating in a report on Monday, December 16th. Barclays dropped their target price on shares of PPG Industries from $144.00 to $125.00 and set an “equal weight” rating for the company in a report on Monday. UBS Group decreased their price target on shares of PPG Industries from $128.00 to $126.00 and set a “neutral” rating on the stock in a research note on Friday, January 31st. Finally, Mizuho dropped their price objective on shares of PPG Industries from $150.00 to $140.00 and set an “outperform” rating for the company in a research note on Monday. Seven investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to MarketBeat.com, PPG Industries presently has an average rating of “Moderate Buy” and an average target price of $140.92.

PPG Industries Price Performance

Shares of NYSE PPG opened at $111.25 on Monday. The company has a debt-to-equity ratio of 0.77, a quick ratio of 1.13 and a current ratio of 1.58. The firm has a fifty day moving average of $120.83 and a 200 day moving average of $124.19. The firm has a market cap of $25.81 billion, a PE ratio of 23.52, a PEG ratio of 1.99 and a beta of 1.23. PPG Industries has a one year low of $110.20 and a one year high of $145.60.

PPG Industries (NYSE:PPG) last released its earnings results on Thursday, January 30th. The specialty chemicals company reported $1.61 EPS for the quarter, missing analysts’ consensus estimates of $1.65 by ($0.04). PPG Industries had a return on equity of 23.78% and a net margin of 6.41%. As a group, research analysts predict that PPG Industries will post 7.9 EPS for the current fiscal year.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the stock. Legend Financial Advisors Inc. acquired a new stake in shares of PPG Industries in the fourth quarter valued at $27,000. Pin Oak Investment Advisors Inc. boosted its holdings in PPG Industries by 465.1% during the 3rd quarter. Pin Oak Investment Advisors Inc. now owns 243 shares of the specialty chemicals company’s stock valued at $32,000 after acquiring an additional 200 shares during the period. Capital Performance Advisors LLP acquired a new position in PPG Industries in the 3rd quarter valued at about $34,000. Hara Capital LLC purchased a new stake in PPG Industries during the third quarter worth about $40,000. Finally, Albion Financial Group UT acquired a new stake in shares of PPG Industries during the fourth quarter worth about $38,000. Institutional investors and hedge funds own 81.86% of the company’s stock.

PPG Industries Company Profile

PPG Industries, Inc manufactures and distributes paints, coatings, and specialty materials in the United States, Canada, the Asia Pacific, Latin America, Europe, the Middle East, and Africa. It operates through two segments, 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; wood stains; paints, thermoplastics, pavement marking products, and other advanced technologies for pavement marking for government, commercial infrastructure, painting, and maintenance contractors; and coatings, sealants, transparencies, transparent armor, adhesives, engineered materials, and packaging and chemical management services for commercial, military, regional jet, and general aviation aircraft.