dglobalnews.com PPG Industries, Inc. (PPG) Given Consensus Recommendation of "Hold" by Brokerages
Published: Fri, March 10, 2017
Tech | By Arthur Brown

PPG Industries, Inc. (PPG) Given Consensus Recommendation of "Hold" by Brokerages

PPG Industries, Inc. (PPG) Given Consensus Recommendation of

Whether there are attractive parts of PPG to combine with "is not a topic for today", he said on a call with reporters. Cadence Capital Management LLC raised its stake in shares of PPG Industries by 0.3% in the fourth quarter. The firm had revenue of $3.80 billion for the quarter, compared to analyst estimates of $3.83 billion. Finally comes the ratings part in which the PPG was evaluated with 15 analysts of WSJ going for Buy ratings in previous quarter, while at present 13 analysts gave Buy ratings from whole pool. Equities analysts anticipate that PPG Industries will post $5.90 earnings per share for the current fiscal year.

To accommodate long-term intention, the firm has diverse dividend or yield record, PPG has Dividend Yield of 1.50% and experts calculate Return on Investment of 6.50%. PPG Industries's payout ratio is now 48.93%. The 9 analysts gave Hold ratings in recent rating.

Bloomberg had yesterday reported that PPG Industries Inc., is exploring a potential deal that could involve buying all or part of AkzoNobel (See: PPG Industries explores potential deal with Dutch rival Akzo Nobel).

12/05/2016 - Bank of America Merrill Lynch began new coverage on PPG Industries, Inc. giving the company a "buy" rating.

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Based on the latest brokerage notes which have been released to investors, 6 brokers have issued a rating of "strong buy", 8 brokers "buy", 8 brokers "neutral", 0 brokers "sell" and 0 brokers "strong sell".

10/11/2016 - PPG Industries, Inc. was downgraded to "hold" by analysts at Deutsche Bank.

PPG Industries, Inc (PPG) manufactures and distributes a range of coatings, specialty materials and glass products. The Company has three segments: Performance Coatings, Industrial Coatings and Glass. The Performance Coatings segment consists of the refinish, aerospace, protective and marine, architectural-Americas and Asia Pacific, and architectural-EMEA coatings businesses.

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