PPG Industries Inc. (NYSE: PPG) has reported E.P.S. of $2.25 for its second fiscal quarter (ending June 30) versus $2.08 for the same period a year ago — an increase of 8%. However, this performance was $-0.24 short of the consensus estimate of $2.49. E.P.S. were $6.13 for the latest four quarters through June 30 versus $5.61 for the same period a year ago — an increase of 9%.
Recent Price Action
On 7/18/24, PPG Industries Inc. (NYSE: PPG) stock declined modestly by -1.5%, closing at $131.71. Moreover, trading volume in this decline was unusually high at 172% of normal. Relative to the market the stock has been weak over the last nine months but has risen 4.0% 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 be above the cost of capital.
PPG Industries has a current Value Trend Rating of D (Negative). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing consistent signals. PPG Industries has a neutral Power Rating of 44 and a slightly negative Appreciation Score of 32, with the Negative Value Trend Rating the result.
Rating Review
In light of this new information we are reviewing our current Overall Rating of D. This review will be completed in the next several days.
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