PPG Industries Inc. (NYSE: PPG) has reported E.P.S. of $1.70 for its first fiscal quarter (ending March 31) versus $1.12 for the same period a year ago. E.P.S. were $5.96 for the latest four quarters through March 31 versus $5.40 for the same period a year ago.
Recent Price Action
On 4/18/24, PPG Industries Inc. (NYSE: PPG) stock rose slightly by 0.1%, closing at $135.11. Moreover, above average trading volume at 137% of normal accompanied the advance. The stock has performed in line with the market over the last nine months and has declined -1.9% during the last week.
Current PriceTarget Research Rating
PPG’s future returns on capital are forecasted to be above the cost of capital. Accordingly, the company is expected to continue to be a major Value Builder.
PPG Industries has a current Value Trend Rating of C (Low Neutral). The Value Trend Rating reflects inconsistent signals from PTR’s two proprietary measures of a stock’s attractiveness. PPG Industries has a poor Appreciation Score of 29 but a neutral Power Rating of 59, triggering the Low Neutral Value Trend Rating.
Rating Review
In light of this new information we are reviewing our current Overall Rating of C. This review will be completed in the next several days.
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