PPG Industries (PPG) : Analyst Rating Update

PPG Industries (PPG) : Zacks Investment Research ranks PPG Industries (PPG) as 2, which is a Buy recommendation. 10 research analysts consider that the stocks fundamentals point to a bright future, hence they rate the stock as a Strong Buy. 3 other analysts are mildly bullish on the stock and favor a Buy. A total of 2 analysts believe that the stock has a limited upside, hence they advise a Hold. The average broker rating of 15 research analysts is 1.47, which indicates as a Strong Buy.

PPG Industries (PPG) : The consensus price target for PPG Industries (PPG) is $122.64 for the short term with a standard deviation of $5.29. The most optimist securities analyst among the 14 who monitor the stock believes that the stock can reach $130, however, the pessimist price target for the company is $110.

PPG Industries (NYSE:PPG): During Wednesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $102.20 and $101.72 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $103.02. The buying momentum continued till the end and the stock did not give up its gains. It closed at $102.97, notching a gain of 0.31% for the day. The total traded volume was 1,451,539 . The stock had closed at $102.65 on the previous day.

Also, In the latest statement by the brokerage house, Longbow Research upgrades its outlook on PPG Industries (NYSE:PPG). The current rating of the shares is Buy, according to the research report released by the firm. Previously, the company had a rating of Neutral. The rating by the firm was issued on June 23, 2016. The company shares have dropped -9.24% from its 1 Year high price. On Jul 16, 2015, the shares registered one year high at $118.27 and the one year low was seen on Oct 1, 2015. The 50-Day Moving Average price is $106.76 and the 200 Day Moving Average price is recorded at $103.64.

PPG Industries, Inc. (PPG) manufactures and distributes a range of coatings, optical and specialty materials and glass products. The Company operates business through three segments: Performance Coatings, Industrial Coatings and Glass. The Performance Coatings segment consists of the refinish, aerospace, architectural coatings-Americas and Asia Pacific, architectural coatings-EMEA, and protective and marine coatings operating businesses. It primarily supplies a range of protective and decorative coatings, sealants and finishes along with paint strippers, stains and related chemicals. The Industrial Coatings segment consists of the automotive original equipment manufacturer (OEM) coatings, industrial coatings, packaging coatings, and the specialty coatings and materials operating businesses. The Glass segment consists of the flat glass and fiber glass businesses. It supplies flat glass and continuous-strand fiber glass products.

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