Stock Rating Upgrade
Reflecting improving fundamentals and high Appreciation Potential, the Value Trend Rating for PPG Industries Inc. (NYSE: PPG) improved of late. PPG’s current Value Trend Rating is C and the prior Rating was D. Details supporting this higher rating are included in our next report.
Recent Price Action
PPG Industries Inc. (NYSE: PPG) stock declined modestly by -1.5% on 3/1/24. The stock closed at $139.52. Trading volume in this decline was normal. The stock has performed in line with the market over the last nine months and has declined -2.7% during the last week.
Current PriceTarget Research Rating
PPG is expected to continue to be a major Value Builder reflecting capital returns that are forecasted to exceed the cost of capital.
PPG Industries has a current Value Trend Rating of C (Low Neutral). This VT Rating improved in recent days from D previously. This rating combines inconsistent signals from two proprietary PTR measures of a stock’s attractiveness. PPG Industries has a poor Appreciation Score of 29 but a neutral Power Rating of 60, with the Low Neutral Value Trend Rating the result.
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