PPG Industries, Inc. (NYSE: PPG) is -14.16% lower on its value in year-to-date trading and has touched a low of $120.32 and a high of $152.60 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The PPG stock was last observed hovering at around $128.04 in the last trading session, with the day’s gains setting it 0.33%.
Currently trading at $128.37, the stock is 0.53% and -1.25% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.61 million and changing 0.26% at the moment leaves the stock -5.63% off its SMA200. PPG registered -14.26% loss for a year compared to 6-month loss of -9.21%.
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The stock witnessed a -0.07% gain in the last 1 month and extending the period to 3 months gives it a -1.93%, and is -1.92% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 2.19% over the week and 1.65% over the month.
PPG Industries, Inc. (PPG) has around 53000 employees, a market worth around $30.10B and $18.10B in sales. Current P/E ratio is 21.04 and Fwd P/E is 14.06. Profit margin for the company is 7.98%. Distance from 52-week low is 6.69% and -15.88% from its 52-week high. The company has generated returns on investments over the last 12 months (10.22%).
The EPS is expected to grow by 7.90% this year.
PPG Industries, Inc. (PPG) Top Institutional Holders
The shares outstanding are 235.21M, and float is at 233.48M with Short Float at 1.11%.
PPG Industries, Inc. (PPG) Insider Activity
The most recent transaction is an insider purchase by KNAVISH TIMOTHY M,the company’sChairman and CEO. SEC filings show that KNAVISH TIMOTHY M bought 2,061 shares of the company’s common stock on May 08 ’24 at a price of $133.24 per share for a total of $0.27 million. Following the purchase, the insider now owns 35833.0 shares.
PPG Industries, Inc. disclosed in a document filed with the SEC on Mar 01 ’24 that Morales Vincent J (Senior VP & CFO) sold a total of 3,400 shares of the company’s common stock. The trade occurred on Mar 01 ’24 and was made at $140.94 per share for $0.48 million. Following the transaction, the insider now directly holds 28439.0 shares of the PPG stock.
Still, SEC filings show that on Aug 01 ’23, Morales Vincent J (Senior VP & CFO) disposed off 3,700 shares at an average price of $143.33 for $0.53 million. The insider now directly holds 22,665 shares of PPG Industries, Inc. (PPG).
