Last Updated: 14 Nov 2024
Executive Summary
PPG Industries Inc. (PPG) is a leading global supplier of paints, coatings, and specialty materials. The company has a strong financial position with a market capitalization of $28.2 billion and an EBITDA of $2.87 billion. PPG's trailing price-to-earnings (PE) ratio of 19.29 is slightly above the industry average. The company's dividend yield of 0.0211% is below the industry average.
Company Overview
PPG Industries Inc. is an American Fortune 500 company and global supplier of paints, coatings, and specialty materials. The company was founded in 1883 and is headquartered in Pittsburgh, Pennsylvania. PPG operates in more than 70 countries around the globe.
Fundamental Analysis
PPG Industries Inc. has a strong financial position. The company's revenue for the trailing twelve months (TTM) was $18.03 billion. PPG's gross profit margin for the TTM was 36.6%, and its operating margin for the TTM was 13.3%. The company's return on assets (ROA) for the TTM was 6.68%, and its return on equity (ROE) for the TTM was 19.2%.
Technical Analysis
PPG Industries Inc.'s stock price has been trading in a range between $116.76 and $148.07 over the past 52 weeks. The stock's 50-day moving average is $127.52, and its 200-day moving average is $131.48. The stock's relative strength index (RSI) is 52.36, which indicates that the stock is neither overbought nor oversold.
Short Term Outlook
PPG Industries Inc.'s stock price is expected to trade in a range between $120 and $130 in the short term. The stock's technical indicators are neutral, and the company's fundamentals are strong.
Long Term Outlook
PPG Industries Inc.'s stock price is expected to rise in the long term. The company's strong financial position and its position as a leading global supplier of paints, coatings, and specialty materials are expected to drive growth in the company's stock price.
Analyst Recommendations
The majority of analysts who cover PPG Industries Inc. have a buy rating on the stock. The average analyst target price for the stock is $147.88.
