Press coverage about PPG Industries (NYSE:PPG) has trended somewhat positive on Monday, Accern Sentiment reports. The research group identifies positive and negative press coverage by analyzing more than twenty million news and blog sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. PPG Industries earned a news sentiment score of 0.13 on Accern’s scale. Accern also gave news coverage about the specialty chemicals company an impact score of 46.9280306216194 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the near future.

These are some of the media stories that may have effected Accern Sentiment Analysis’s rankings:

PPG Industries (NYSE:PPG) traded down $1.66 during mid-day trading on Monday, hitting $116.78. 1,670,000 shares of the stock were exchanged, compared to its average volume of 1,400,000. The stock has a market capitalization of $29,720.00, a PE ratio of 21.43, a P/E/G ratio of 2.09 and a beta of 1.60. The company has a quick ratio of 1.26, a current ratio of 1.65 and a debt-to-equity ratio of 0.68. PPG Industries has a twelve month low of $97.87 and a twelve month high of $122.07.

PPG Industries (NYSE:PPG) last released its earnings results on Thursday, January 18th. The specialty chemicals company reported $1.19 EPS for the quarter, topping analysts’ consensus estimates of $1.18 by $0.01. The business had revenue of $3.68 billion during the quarter, compared to analysts’ expectations of $3.61 billion. PPG Industries had a net margin of 10.98% and a return on equity of 26.76%. The company’s quarterly revenue was up 7.8% on a year-over-year basis. During the same quarter in the previous year, the company earned $1.19 earnings per share. equities research analysts expect that PPG Industries will post 6.57 earnings per share for the current year.

The business also recently announced a quarterly dividend, which will be paid on Monday, March 12th. Stockholders of record on Friday, February 16th will be paid a dividend of $0.45 per share. The ex-dividend date of this dividend is Thursday, February 15th. This represents a $1.80 dividend on an annualized basis and a dividend yield of 1.54%. PPG Industries’s dividend payout ratio is currently 33.03%.

PPG Industries announced that its board has approved a share repurchase program on Thursday, December 14th that authorizes the company to buyback $2.50 billion in shares. This buyback authorization authorizes the specialty chemicals company to reacquire shares of its stock through open market purchases. Shares buyback programs are usually a sign that the company’s leadership believes its shares are undervalued.

A number of brokerages have weighed in on PPG. JPMorgan Chase & Co. reiterated a “neutral” rating and issued a $120.00 price objective on shares of PPG Industries in a research report on Friday. Atlantic Securities downgraded shares of PPG Industries from an “overweight” rating to a “neutral” rating in a research report on Wednesday, January 17th. Northcoast Research reiterated a “buy” rating and issued a $128.00 price objective on shares of PPG Industries in a research report on Friday. Jefferies Group reiterated a “buy” rating and issued a $135.00 price objective on shares of PPG Industries in a research report on Wednesday, January 3rd. Finally, Zacks Investment Research downgraded shares of PPG Industries from a “hold” rating to a “sell” rating in a research report on Monday, September 25th. Eleven research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. PPG Industries has an average rating of “Hold” and an average target price of $123.47.

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PPG Industries Company Profile

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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