PPG Industries Inc. (NYSE: PPG) has reported E.P.S. of $2.01 for its third fiscal quarter (ending September 30) versus $1.80 for the same period a year ago — an increase of 12%. Relative to the consensus estimate of $2.16, this was a shortfall of $-0.15. For the latest four quarters through September 30, E.P.S. were $6.34 compared to $6.01 a year ago — an increase of 5%.
Recent Price Action
PPG Industries Inc. (NYSE: PPG) stock closed at $130.36 on 10/16/24 after a modest gain of 0.4%. Moreover, this advance was accompanied by above average trading volume at 148% of normal. The stock has risen 2.5% during the last week but has been weak relative to the market over the last nine months.
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). The Value Trend Rating reflects highly consistent signals from PTR’s two proprietary measures of a stock’s attractiveness. PPG Industries has a slightly negative Power Rating of 39 and a slightly negative Appreciation Score of 34, 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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