Analyst Estimates

Price Target Estimates Under Analyst’s Radar: PPG Industries, Inc. (NYSE:PPG)

PPG Industries, Inc. (NYSE:PPG) soared 1.30% during previous trade, a total of 2.23M shares exchanged hands compared with its average trading volume of 2.01M shares whereas its relative volume is 1.28. The stock has a market capitalization of $27.37B along with 256.66M outstanding shares. Stock’s intraday price range hit the peak level of $106.61 and touched the lowest level of $104.36.

Most recently PPG Industries, Inc. (NYSE:PPG)’s price target was revised on 04/18/17 and according to 20 analysts stock’s price will reach at $112.55 during 52 weeks with standard deviation of 8.41. Stock’s minimum price target estimates has been figured out at $100 while the maximum price target forecast is established at $122, if we look at the price target with an optimistic approach it has upside potential of 15% from its latest closing price of $106.37.

Historically, if we look at price target revisions, two weeks ago PPG Industries, Inc. (NYSE:PPG)’s price target was revised on 03/22/17 by the analysts, however the bullish price estimates of the stock set at $130 while the bearish estimates kept at $101 over the next one year. Stock’s 52-week target was retained at $112.36, the estimates indicates a standard deviation of 8.04.

While taking an overview of recommendation trends, the stock currently has an average brokerage recommendation of 1.78. ABR value is precisely based on brokerage recommendations, where out of 18 brokerage recommendations 11 rate PPG Industries, Inc. (NYSE:PPG) stock a Strong Buy, 0 rate the stocks of the company a Buy, 7 rate Hold, 0 rate Sell and 0 recommend a Strong Sell. Most recently on 3/15/17 the stock of PPG Industries, Inc. (NYSE:PPG) upgraded by Atlantic Equities from Neutral to Overweight. However previously on 3/9/17 it was downgraded by Wells Fargo from Outperform to Market Perform. A research note issued on 1/17/17 the stock was downgraded by Susquehanna from Positive to Neutral.

PPG Industries, Inc. (NYSE:PPG) performance over the past one year plunged -6.90% whereas its year to date (YTD) performance indicated a bullish trend of 12.70%. During the last six months the stock climbed 15.55%. Quarterly performance of the company shows optimistic momentum of 9.53% while its last one month trend is positive with 1.81%. Stock’s weekly performance expressed up trend of 1.25%.

The company’s price sits 2.85% above from its 50-day moving average of $104.24 and 6.08% far from the stock’s 200-day moving average which is $98.93. PPG Industries, Inc. (NYSE:PPG)’s shares are currently trading -7.64% away from the 52-week high price of $115.17 and +19.64% far from the 52-week low price of $88.91.

According to consensus agreement of 21 analysts PPG Industries, Inc. (NYSE:PPG) will report earnings per share of $1.32 in their quarterly report and it is expected to announce the company’s results on 4/20/17. For the current quarter the company has high EPS estimates of $1.39 in contradiction of low EPS estimates of $1.25. However a year ago for the same quarter the company has reported $1.27 EPS. Current year EPS projections for PPG Industries, Inc. (NYSE:PPG) set at $6.23 according to the sentiments of 24 analysts, while its lowest earnings estimates are $6.07 and highest earnings estimates are $6.46.

According to 17 analysts, PPG Industries, Inc. (NYSE:PPG)’s revenue estimates for the current quarter are $3.53B meanwhile the company has high revenue estimates of $3.62B in contradiction of low revenue estimates of $3.45B. For the current year the company’s revenue estimates are $14.91B compared to low analyst estimates of $14.62B and high estimates of $15.27B according to the projection of 20 analysts.

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