The leading market experts have placed a mean price target of $123.11 on PPG Industries, Inc. (NYSE:PPG) stock. This price level, which is estimated to be attained in one-year, indicates the mean of stock opinions given by the companies included in the First Call survey. The renowned research firms have predicted earnings of $1.32 a share for the upcoming quarter and $6.19 for the current fiscal.
The technical analysis of PPG Industries, Inc. Common Sto plainly substantiates that the 50-day moving average of PPG Industries, Inc. Common Sto is $105.86, and stock is trading $1.18 points away or +1.12% from its 50-day moving average of $105.86. Further it is trading $0.36 or +0.34% away its 200-day moving average of $106.68. PPG Industries, Inc. (NYSE:PPG) 52-week high is $117.00 and the 52-week low is $82.93.
This explains if the stock moves $-9.96, it will post a 52-week high. In event of +29.07% decline, a 52-week low will be hit.
Taking the valuation aspect to emphasize the valuation of PPG Industries, Inc. Common Sto, shareholders can apply financial tool known as price-to-earnings ratio. This financial ratio assesses stock’s valuation by considering the relative expense of the stock. Following this ratio, PPG Industries, Inc. (NYSE:PPG) ratio came in at 19.78.
The stock last ended the trading session at $107.04 and registered a market cap of $28.50B. To appraise firm’s growth, the shareholders take help of the Price-to-Earnings-Growth ratio. When a stock has a higher PEG ratio, it is suggestive of lower stock appreciation in approaching sessions. A stock comes in the group of undervalued stocks when its PEG ratio falls in between 0 and 1. PPG Industries, Inc. (NYSE:PPG) PEG ratio is at 1.93.
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