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.

PPG was given price targets by several analysts. The most optimistic price target was 127, which equates to a potential upside of 19.65 percent. The lowest price target was 100, which equates to a potential downside of -5.78 percent. It is crucial to not blindly accept any price targets or stock ratings, because many analysts have it in their best interest to give positive coverage of certain stocks.

In the last 30 days, analysts have changed their quarterly earnings estimates downwards by an average of -2.97 percent. The average change in earnings estimates over the last 90 days is -3.82 percent. Over the past 30 days, FY earnings estimates have also changed downwards by -1.37 percent. 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. Over the past month, 0 analysts increased their quarterly estimates, while 7 analysts made negative revisions. 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. Investors like to see smaller values for the PEG ratio, because that is often interpreted as the company being fairly priced relative to its growth rate. Many investors consider PEG ratios between 0 and 1 as preferrable, although it is frequently more appropriate to compare PEG ratios to the company's peers. PPG has a PEG ratio of 0.28.

In the trailing 52-weeks, PPG hit 113.67 at the highest peak, while it's lowest trading point was 89.64. The current market price is above the trailing year's low by 18.41 percent, and 6.62 percent below the 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 market cap of PPG is $27.23 billion. PPG is estimated to release their earnings results for the quarter on 0000-00-00, days from today.