Analyst Ratings for PPG Industries Inc. (PPG)Updated: 2017-07-28
Shares of PPG Industries Inc. (NYSE:PPG) have received a consensus rating of Overweight from Wall Street analysts. PPG had previously received a consensus rating of Overweight a month ago.
A buy rating was issued by 12 analysts, 1 gave an overweight rating, 11 issued a hold rating, 0 gave an underweight rating, and 0 issued a sell rating. Over the past 90 days, the number of analysts that are bullish on the stock has decreased by 1. Meanwhile, the number of analysts pessimistic about the company has increased by 0.
A number of analysts gave price targets for PPG. The most optimistic price target was 127, implying potential capital gains of 19.65 percent. The lowest price target was 100, implying potential capital losses of -5.78 percent. Note that investment analysts can be biased in their reporting on companies's ratings and price targets.
In the last 30 days, analysts have changed their quarterly earnings estimates downwards by an average of -2.97 percent. That number becomes -3.82 percent if we expand the time horizon to include the past 3 months instead of just one. On the other hand, earnings estimates for the fiscal year have been revised downwards by -1.37 percent, as compared to a month ago. If we look at the last 90 days instead, we find a net average change of -2.48 percent in FY estimates.
People are often interested in whether analysts were united in the direction of their revisions. 0 analysts have revised their quarterly estimates upwards in the past 30 days, while 7 analysts revised their estimates downwards. Also over the last month, 2 analysts increased their estimates for the FY earnings, while 6 analysts made negative revisions to their fiscal year's estimates.
Analysts estimate earnings of PPG to grow at a rate of 170.71 percent. People on Wall Street often look at a company's PEG ratio. Smaller PEG ratios are desirable, as that can indicate whether the high price level of a stock is warranted by high growth. Wall Street investors typically prefer a PEG ratio to be smaller than 1, though it could be better to see where the ratio stands relative to peers in the industry. PPG has a PEG ratio of 0.28.
In the last 52-weeks, PPG has achieved a high of 113.67 and a low of 89.64. The current market price is above the trailing year's low by 18.41 percent, and 6.62 percent lower than its 52-week high. PPG has a P/E ratio of 47.32. Investors typically compare the P/E ratio to a company's peers in the industry. The PPG value stock report compares PPG to some of its peers using value stock charts. The stock has a market capitalization of $27.23 billion. PPG is estimated to release their earnings results for the quarter on 0000-00-00, days from today.