The idea is that more recent information is, generally speaking, more accurate and can be a better predictor of the future, which can give investors an advantage in earnings season. The Style Scores are a complementary set of indicators to use alongside the Zacks Rank. It allows the user to better focus on the stocks that are the best fit for his or her personal trading style.
An industry with a larger percentage of Zacks Rank #1’s and #2’s will have a better average Zacks Rank than one with a larger percentage of Zacks Rank #4’s and #5’s. The Zacks Industry Rank assigns a rating to each of the 265 X (Expanded) Industries based on their average Zacks Rank. Dow Jones Industrial Average, S&P 500, Nasdaq, and Morningstar Index (Market Barometer) quotes are real-time. This site is protected by reCAPTCHA and the Google
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Terms of Service apply. PITTSBURGH–(BUSINESS WIRE)–PPG research shows tire manufacturing energy, time savings with AGILON performance silica. In 2022, PPG Industries’s revenue was $17.65 billion, an increase of 5.06% compared to the previous year’s $16.80 billion.
PPG Stock News Headlines
More value-oriented stocks tend to represent financial services, utilities, and energy stocks. These are established companies that reliably pay dividends. If you’ve been keeping an eye on PPG for a while, now might be the time to make a leap. Its prosperous future outlook isn’t fully reflected in the current share price yet, which means it’s not too late to buy PPG.
- The Style Scores are a complementary set of indicators to use alongside the Zacks Rank.
- This is because PPG Industries’s beta (a measure of share price volatility) is high, meaning its price movements will be exaggerated relative to the rest of the market.
- There’s also a VGM Score (‘V’ for Value, ‘G’ for Growth and ‘M’ for Momentum), which combines the weighted average of the individual style scores into one score.
337 employees have rated PPG Industries Chief Executive Officer Michael H. McGarry on Glassdoor.com. Michael H. McGarry has an approval rating of 65% among the company’s employees.
PITTSBURGH–(BUSINESS WIRE)–PPG Board of Directors approve dividend increase to 65 cents per share, marking company’s 500th consecutive dividend payment. PPG reported earnings and investors were pleased with what they saw. PPG Industries’ stock is owned by a number of retail and institutional investors.
Markets
Use these time-tested investing strategies to grow the monthly retirement income that your stock portfolio generates. MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation. The industry with the best average Zacks Rank would be considered the top industry (1 out of 265), which would place it in the top 1% of Zacks Ranked Industries. The industry with the worst average Zacks Rank (265 out of 265) would place in the bottom 1%.
2847 Shares in PPG Industries, Inc. (NYSE:PPG) Acquired by Cedar … – MarketBeat
2847 Shares in PPG Industries, Inc. (NYSE:PPG) Acquired by Cedar ….
Posted: Fri, 15 Sep 2023 11:26:15 GMT [source]
Style is an investment factor that has a meaningful impact on investment risk and returns. Style is calculated by combining value and growth scores, which are first individually calculated. The technique has proven to be very useful for finding https://1investing.in/ positive surprises. In fact, when combining a Zacks Rank #3 or better and a positive Earnings ESP, stocks produced a positive surprise 70% of the time, while they also saw 28.3% annual returns on average, according to our 10 year backtest.
The Zacks Analyst Blog Highlights Costco Wholesale, Equinor, Lam Research, Synopsys and PPG Industries
Top institutional investors include BlackRock Inc. (8.20%), State Street Corp (4.67%), Geode Capital Management LLC (2.11%), Clearbridge Investments LLC (1.61%), Wells Fargo & Company MN (1.54%) and Northern Trust Corp (0.96%). Insiders that own company stock include Anne M Foulkes, Michael H Mcgarry, Rebecca B Liebert, Timothy M Knavish, Vadlamannati Ramaprasad, Vincent J Morales and William E Schaupp. The company is scheduled to release its next quarterly earnings announcement on Wednesday, October 18th 2023.
With an optimistic outlook on the horizon, it seems like this growth has not yet been fully factored into the share price. However, there are also other factors such as financial health who owns apple now to consider, which could explain the current undervaluation. Investors looking for growth in their portfolio may want to consider the prospects of a company before buying its shares.
Alternatively, email editorial-team (at) simplywallst.com.This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation.
Time to Cash In on This Overvalued Stock
PPG Industries announced a quarterly dividend on Thursday, July 20th. Investors of record on Thursday, August 10th will be paid a dividend of $0.65 per share on Tuesday, September 12th. This represents a $2.60 dividend on an annualized basis and a yield of 1.93%. This is a boost from the stock’s previous quarterly dividend of $0.62.
Although value investors would argue that it’s the intrinsic value relative to the price that matter the most, a more compelling investment thesis would be high growth potential at a cheap price. PPG Industries’ earnings over the next few years are expected to increase by 55%, indicating a highly optimistic future ahead. This should lead to more robust cash flows, feeding into a higher share value. High-growth stocks tend to represent the technology, healthcare, and communications sectors. They rarely distribute dividends to shareholders, opting for reinvestment in their businesses.
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- High-growth stocks tend to represent the technology, healthcare, and communications sectors.
- PPG is focused on its coatings and specialty products and expansion into emerging regions, as exemplified by the Comex acquisition.
- MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.
- PPG earnings call for the period ending June 30, 2022.
- But before you make any investment decisions, consider other factors such as the track record of its management team, in order to make a well-informed buy.
We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Since PPG is currently undervalued, it may be a great time to increase your holdings in the stock.
As of August 31st, there was short interest totaling 2,470,000 shares, an increase of 48.8% from the August 15th total of 1,660,000 shares. Based on an average daily trading volume, of 1,560,000 shares, the days-to-cover ratio is presently 1.6 days. Approximately 1.1% of the company’s shares are sold short.
PPG Industries (NYSE: PPG)
It operates through the Performance Coatings and Industrial Coatings segments. The Performance Coatings segment supplies a variety of protective and decorative coatings, sealants, and finishes along with pavement marking products, paint strippers, stains, and related chemicals, as well as transparencies and transparent armor. The company was founded by John B. Ford and John A. Pitcairn in 1883 and is headquartered in Pittsburgh, PA. 16 Wall Street research analysts have issued «buy,» «hold,» and «sell» ratings for PPG Industries in the last twelve months. There are currently 1 sell rating, 7 hold ratings and 8 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should «hold» PPG shares.
PPG earnings call for the period ending December 31, 2022. PPG earnings call for the period ending June 30, 2023. Founded in 1993 by brothers Tom and David Gardner, The Motley Fool helps millions of people attain financial freedom through our website, podcasts, books, newspaper column, radio show, and premium investing services. You have already added five stocks to your watchlist. Upgrade to MarketBeat All Access to add more stocks to your watchlist.
© 2023 Market data provided is at least 10-minutes delayed and hosted by Barchart Solutions. Information is provided ‘as-is’ and solely for informational purposes, not for trading purposes or advice, and is delayed. To see all exchange delays and terms of use please see Barchart’s disclaimer. Data are provided ‘as is’ for informational purposes only and are not intended for trading purposes. Data may be intentionally delayed pursuant to supplier requirements. Zacks Earnings ESP (Expected Surprise Prediction) looks to find companies that have recently seen positive earnings estimate revision activity.
A hold rating indicates that analysts believe investors should maintain any existing positions they have in PPG, but not buy additional shares or sell existing shares. The company is the world’s largest producer of coatings after the purchase of selected Akzo Nobel assets. PPG’s products are sold to a wide variety of end users, including the automotive, aerospace, construction, and industrial markets. The company has a footprint in many regions around the globe, with less than half of sales coming from North America in recent years. PPG is focused on its coatings and specialty products and expansion into emerging regions, as exemplified by the Comex acquisition. According to my valuation, the intrinsic value for the stock is $184.14, which is above what the market is valuing the company at the moment.
As an investor, you want to buy stocks with the highest probability of success. That means you want to buy stocks with a Zacks Rank #1 or #2, Strong Buy or Buy, which also has a Score of an A or a B in your personal trading style. PPG’s beta can be found in Trading Information at the top of this page. A stock’s beta measures how closely tied its price movements have been to the performance of the overall market. Savvy investors seek out top defensive stocks in times of uncertainty.
Morningstar analysts hand-select direct competitors or comparable companies to
provide context on the strength and durability of PPG’s
competitive advantage. QUATTORDIO, Italy–(BUSINESS WIRE)–PPG inaugurates center of excellence in Italy that increases efficiency for automotive color development. These stocks are suffering from near-term headwinds, but long-term growth prospects look good.
Although, there may be another chance to buy again in the future. This is because PPG Industries’s beta (a measure of share price volatility) is high, meaning its price movements will be exaggerated relative to the rest of the market. If the market is bearish, the company’s shares will likely fall by more than the rest of the market, providing a prime buying opportunity. New-home sales have remained resilient despite worsening housing affordability in recent months amid rising mortgage rates, with little relief in home prices in most markets. Year-to-date new-home sales through July were about even with the year-ago period, compared with a 22% decline in existing-home sales.
PPG Industries, Inc. manufactures and distributes paints, coatings, and specialty materials worldwide. The company operates through Performance Coatings and Industrial Coatings. The company was incorporated in 1883 and is headquartered in Pittsburgh, Pennsylvania. At the center of everything we do is a strong commitment to independent research and sharing its profitable discoveries with investors. This dedication to giving investors a trading advantage led to the creation of our proven Zacks Rank stock-rating system. Since 1988 it has more than doubled the S&P 500 with an average gain of +24.32% per year.