Why PPG Industries, Inc. (NYSE:PPG) Is In News?


Thomson Reuters, a distinguished brokerage company, has placed a 52-week price target of $123.11 on PPG Industries, Inc. (NYSE:PPG) shares after it surveyed top market analysts. Calculating estimated earnings after taking into consideration different elements, it is predicted to come at $6.20 for the next fiscal and $N/A for underway quarter.

Valuation Estimates

Analysts take into account the price to earnings ratio to estimate the firm’s valuation. This ratio, which is also called as the P/E ratio evaluates the company on relative expense factor. The formula to calculate ratio is stock’s latest price/ per share earnings. The P/E ratio of PPG Industries, Inc. (NYSE:PPG) stands at 19.32.

Analysts also work out Price/Earnings Growth ratio in an attempt to estimate the valuation of a firm. This ratio commonly known as the PEG ratio implies the stock’s valuation compared to earnings growth potential. Investors look to invest in the stocks with a lower PEG ratio. For PPG Industries, Inc. Common Sto, the PEG ratio for coming 3-5 years is 1.81.

Technical Analysis

The technical analysis highlights that PPG Industries, Inc. Common Sto current is trading $-1.32 points away or -1.25% from its 50-day moving average of $105.87. Further it is trading $-0.68 or -0.65% away its 200-day moving average of $105.23.

The 52-week high of PPG Industries, Inc. (NYSE:PPG) was $117.00 while lowest point recorded in 52-week was $82.93. It implies if stock price makes a movement of over $-12.45, it will record a new 52-week high. In the case of +26.07% drop, it will touch a new 52-week low.

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