PPG Industries, Inc. (PPG) Analysts See $1.59 EPS

September 25, 2018 - By Anthony Romero

PPG Industries, Inc. (NYSE:PPG) LogoInvestors sentiment decreased to 0.81 in Q2 2018. Its down 0.17, from 0.98 in 2018Q1. It dived, as 56 investors sold PPG Industries, Inc. shares while 250 reduced holdings. 69 funds opened positions while 179 raised stakes. 181.01 million shares or 1.16% less from 183.14 million shares in 2018Q1 were reported.
Covington Cap Management reported 587 shares. Piedmont Advsrs Lc has invested 0.05% in PPG Industries, Inc. (NYSE:PPG). Proshare Advsr Ltd reported 646,787 shares stake. Hightower Limited Liability holds 0.02% or 26,703 shares. Tokio Marine Asset Management owns 7,872 shares for 0.15% of their portfolio. Leavell Inv owns 3,472 shares. 14,524 were accumulated by Fund Evaluation Gp Limited Company. Clark Capital Grp holds 2,261 shares or 0.01% of its portfolio. 5,300 were reported by Bartlett Co Ltd Com. Park National Corporation Oh, Ohio-based fund reported 4,021 shares. 14,100 were accumulated by American Registered Advisor Incorporated. Cambridge Tru holds 0.08% in PPG Industries, Inc. (NYSE:PPG) or 12,306 shares. Reliance Trust Of Delaware has 10,015 shares for 0.16% of their portfolio. Profund Advsrs Lc accumulated 12,087 shares. Victory Cap Management Inc has invested 0.01% in PPG Industries, Inc. (NYSE:PPG).

Analysts expect PPG Industries, Inc. (NYSE:PPG) to report $1.59 EPS on October, 18.They anticipate $0.07 EPS change or 4.61 % from last quarter’s $1.52 EPS. PPG’s profit would be $384.81M giving it 17.72 P/E if the $1.59 EPS is correct. After having $1.90 EPS previously, PPG Industries, Inc.’s analysts see -16.32 % EPS growth. The stock decreased 2.84% or $3.29 during the last trading session, reaching $112.69. About 2.40 million shares traded or 63.94% up from the average. PPG Industries, Inc. (NYSE:PPG) has risen 5.01% since September 25, 2017 and is uptrending. It has underperformed by 10.61% the S&P500.

PPG Industries, Inc. (NYSE:PPG) Ratings Coverage

Among 12 analysts covering PPG Industries (NYSE:PPG), 5 have Buy rating, 0 Sell and 7 Hold. Therefore 42% are positive. PPG Industries had 16 analyst reports since March 27, 2018 according to SRatingsIntel. The stock has “Hold” rating by RBC Capital Markets on Monday, April 23. The rating was maintained by Seaport Global on Tuesday, April 17 with “Hold”. The company was maintained on Wednesday, July 11 by Citigroup. Credit Suisse maintained the shares of PPG in report on Friday, April 20 with “Outperform” rating. The stock has “Hold” rating by Jefferies on Wednesday, May 16. The firm earned “Buy” rating on Friday, April 20 by Robert W. Baird. Citigroup maintained the stock with “Neutral” rating in Tuesday, April 24 report. The firm has “Overweight” rating given on Monday, July 23 by KeyBanc Capital Markets. JP Morgan upgraded the stock to “Overweight” rating in Wednesday, April 25 report. On Monday, April 23 the stock rating was maintained by Susquehanna with “Hold”.

PPG Industries, Inc. manufactures and distributes coatings, specialty materials, and glass products. The company has market cap of $27.27 billion. It operates in three divisions: Performance Coatings, Industrial Coatings, and Glass. It has a 19.4 P/E ratio. The Performance Coatings segment provides coatings products for automotive and commercial transport/fleet repair and refurbishing; light industrial and specialty coatings for signs; coatings, sealants, and transparencies for commercial, military, regional jet and general aviation aircraft, and transparent armor for specialty applications; protective and marine coatings and finishes; architectural coatings; and purchased sundries to painting contractors and consumers, as well as chemical management services.

More notable recent PPG Industries, Inc. (NYSE:PPG) news were published by: Benzinga.com which released: “Benzinga’s Top Upgrades, Downgrades For September 24, 2018” on September 24, 2018, also Businesswire.com with their article: “PPG Appoints Fayock as Assistant General Counsel and Corporate Secretary; Gette as Assistant General Counsel …” published on September 21, 2018, Businesswire.com published: “PPG Completes COLORFUL COMMUNITIES Project at Wadih Jorge Maluf School in Sumaré, Brazil” on September 18, 2018. More interesting news about PPG Industries, Inc. (NYSE:PPG) were released by: Gurufocus.com and their article: “Wall Street Lower Monday” published on September 24, 2018 as well as Seekingalpha.com‘s news article titled: “Out With Sherwin-Williams, In With PPG Industries” with publication date: August 30, 2018.

PPG Industries, Inc. (NYSE:PPG) Institutional Positions Chart

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