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

September 25, 2018 - By Jacob Reddy

PPG Industries, Inc. (NYSE:PPG) LogoInvestors sentiment decreased to 0.81 in Q2 2018. Its down 0.17, from 0.98 in 2018Q1. It turned negative, 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.
Btim invested in 0.72% or 476,305 shares. Moreover, Advisory Ntwk Ltd Liability Corp has 0.08% invested in PPG Industries, Inc. (NYSE:PPG). Cleararc Capital invested in 0.09% or 6,400 shares. Td Asset has 0.01% invested in PPG Industries, Inc. (NYSE:PPG) for 73,595 shares. California-based Gemmer Asset Llc has invested 0.03% in PPG Industries, Inc. (NYSE:PPG). Mitsubishi Ufj Trust Bk Corporation holds 0.09% or 515,705 shares. Bankshares Of America De reported 3.05 million shares. Central Bancshares reported 8,202 shares. Capital Finance Advisers Limited Liability reported 12,998 shares stake. 12,306 are owned by Cambridge. Atlas Browninc holds 0.07% or 2,800 shares in its portfolio. Aperio Grp Ltd Company holds 0.06% or 117,516 shares. Boston Private Wealth Limited Company holds 0.27% of its portfolio in PPG Industries, Inc. (NYSE:PPG) for 67,005 shares. 2,000 were reported by Financial Consulate. Aull And Monroe Inv Mngmt Corporation holds 0.25% of its portfolio in PPG Industries, Inc. (NYSE:PPG) for 4,668 shares.

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 of PPG Industries, Inc. (NYSE:PPG) has “Buy” rating given on Wednesday, April 25 by J.P. Morgan. The rating was maintained by Citigroup on Tuesday, April 24 with “Neutral”. On Monday, April 23 the stock rating was maintained by Susquehanna with “Hold”. Robert W. Baird maintained the shares of PPG in report on Friday, April 20 with “Buy” rating. The stock has “Outperform” rating by Credit Suisse on Friday, July 20. As per Wednesday, May 16, the company rating was downgraded by Jefferies. On Wednesday, April 25 the stock rating was upgraded by JP Morgan to “Overweight”. Citigroup maintained the stock with “Neutral” rating in Wednesday, July 11 report. Credit Suisse maintained PPG Industries, Inc. (NYSE:PPG) on Friday, April 20 with “Outperform” rating. On Monday, July 23 the stock rating was maintained by KeyBanc Capital Markets with “Overweight”.

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: Business.Financialpost.com which released: “PPG Completes COLORFUL COMMUNITIES Project at Lucan Community Memorial Centre in Ontario” on September 17, 2018, also Businesswire.com with their article: “PPG Completes COLORFUL COMMUNITIES Project at Wadih Jorge Maluf School in Sumaré, Brazil” published on September 18, 2018, Gurufocus.com published: “Wall Street Lower Monday” on September 24, 2018. More interesting news about PPG Industries, Inc. (NYSE:PPG) were released by: Seekingalpha.com and their article: “Out With Sherwin-Williams, In With PPG Industries” published on August 30, 2018 as well as Benzinga.com‘s news article titled: “Benzinga’s Top Upgrades, Downgrades For September 24, 2018” with publication date: September 24, 2018.

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

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