PPG Receives Buy Rating from TheStreet (PPG)
“PPG Industries (PPG) has been reiterated by TheStreet Ratings as a buy with a ratings score of A+ . The company’s strengths can be seen in multiple areas, such as its revenue growth, expanding profit margins, solid stock price performance, growth in earnings per share and increase in net income. Although the company may harbor some minor weaknesses, we feel they are unlikely to have a significant impact on results.”
,” the firm’s analyst commented.
Shares of PPG traded up 0.36% during mid-day trading on Friday, hitting $136.08. PPG has a one year low of $90.04 and a one year high of $147.99. The stock’s 50-day moving average is currently $138.1. The company has a market cap of $19.438 billion and a P/E ratio of 22.37.
Other equities research analysts have also recently issued reports about the stock. Analysts at Barclays Capital initiated coverage on shares of PPG in a research note to investors on Tuesday, February 12th. They set an equal weight rating and a $149.00 price target on the stock. They noted that the move was a valuation call. Separately, analysts at Goldman Sachs initiated coverage on shares of PPG in a research note to investors on Tuesday, February 5th. They set a neutral rating and a $140.00 price target on the stock. Finally, analysts at Argus raised their price target on shares of PPG from $136.00 to $157.00 in a research note to investors on Wednesday, January 23rd. They now have a buy rating on the stock.
Twelve equities research analysts have rated the stock with a buy rating, two have issued an overweight rating, seven have issued a hold rating, and one has assigned an underweight rating to the company. The company has a consensus rating of overweight and a consensus price target of $151.88.
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