Citigroup Seems to Have Gained Confidence In PPG Industries (NYSE:PPG), Upgrades Stocks

PPG Industries, Inc. (NYSE:PPG) Logo

Investors sentiment decreased to 0.81 in Q2 2018. Its down 0.17, from 0.98 in 2018Q1. It is 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.

Lpl Ltd Liability Corp has 55,727 shares. Comm Fincl Bank, Missouri-based fund reported 23,314 shares. Amer Natl Ins Company Tx reported 0.05% stake. Summit Asset Mngmt Lc holds 6,918 shares or 0.34% of its portfolio. Shell Asset Company reported 18,880 shares. London Of Virginia owns 2,516 shares. Alphamark Advsrs Ltd Liability Corp has invested 0.01% in PPG Industries, Inc. (NYSE:PPG). Moreover, Putnam Invs Ltd Liability Company has 0% invested in PPG Industries, Inc. (NYSE:PPG) for 9,015 shares. Old Mutual Customised Solutions (Proprietary) Limited holds 0.15% or 14,300 shares in its portfolio. First Allied Advisory holds 0.05% or 11,891 shares in its portfolio. 20,623 are held by Private Advisor Ltd. Moreover, Segall Bryant And Hamill Limited Liability has 0.01% invested in PPG Industries, Inc. (NYSE:PPG) for 3,250 shares. Commerzbank Aktiengesellschaft Fi owns 4,201 shares or 0% of their US portfolio. Palouse Management has invested 0.66% in PPG Industries, Inc. (NYSE:PPG). Peoples Corp holds 1,905 shares.

PPG Industries (NYSE:PPG) Stock Upgrade

The stock rating of PPG Industries (NYSE:PPG) shares was boosted by stock research analysts at Citigroup to a respectable “Buy”. They currently have a price target of $123.0000 on PPG. Citigroup’s price target would indicate a possible upside of 12.50 % from the last price of the company.

PPG Industries, Inc. (NYSE:PPG) Ratings Coverage

Among 7 analysts covering PPG Industries (NYSE:PPG), 5 have Buy rating, 0 Sell and 2 Hold. Therefore 71% are positive. PPG Industries has $128 highest and $103 lowest target. $114.83’s average target is 5.03% above currents $109.33 stock price. PPG Industries had 14 analyst reports since July 11, 2018 according to SRatingsIntel. As per Wednesday, July 11, the company rating was maintained by Citigroup. The stock of PPG Industries, Inc. (NYSE:PPG) earned “Neutral” rating by Credit Suisse on Tuesday, October 9. The firm has “Overweight” rating given on Monday, July 23 by KeyBanc Capital Markets. The rating was downgraded by JP Morgan on Friday, July 27 to “Neutral”. Credit Suisse downgraded PPG Industries, Inc. (NYSE:PPG) on Monday, September 24 to “Neutral” rating. The stock of PPG Industries, Inc. (NYSE:PPG) has “Overweight” rating given on Friday, October 19 by JP Morgan. On Tuesday, October 9 the stock rating was maintained by Deutsche Bank with “Buy”. As per Friday, October 19, the company rating was maintained by BMO Capital Markets. The firm earned “Buy” rating on Wednesday, July 25 by Goldman Sachs. The firm has “Outperform” rating by Credit Suisse given on Friday, July 20.

The stock increased 0.79% or $0.86 during the last trading session, reaching $109.33. About 1.96 million shares traded. PPG Industries, Inc. (NYSE:PPG) has risen 5.01% since December 2, 2017 and is uptrending. It has underperformed by 10.61% the S&P500.

Analysts await PPG Industries, Inc. (NYSE:PPG) to report earnings on January, 17. They expect $1.09 EPS, down 8.40 % or $0.10 from last year’s $1.19 per share. PPG’s profit will be $261.48M for 25.08 P/E if the $1.09 EPS becomes a reality. After $1.45 actual EPS reported by PPG Industries, Inc. for the previous quarter, Wall Street now forecasts -24.83 % negative EPS growth.

PPG Industries, Inc. manufactures and distributes coatings, specialty materials, and glass products. The company has market cap of $26.23 billion. It operates in three divisions: Performance Coatings, Industrial Coatings, and Glass. It has a 22.06 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: Bizjournals.com which released: “PPG extends supply deal for titanium-dioxide – Pittsburgh Business Times” on November 28, 2018, also Globenewswire.com with their article: “PPG, Powercast announce partnership to develop ultra-thin, wirelessly powered printed electronics – GlobeNewswire” published on November 12, 2018, Businesswire.com published: “PPG Unveils PPG NOVAGUARD 810 ER for U.S., Canada Marine Markets – Business Wire” on November 28, 2018. More interesting news about PPG Industries, Inc. (NYSE:PPG) were released by: Bizjournals.com and their article: “PPG invests $1.7M in Kunshan, China, plant – Pittsburgh Business Times” published on November 30, 2018 as well as Businesswire.com‘s news article titled: “PPG and Lomon Billions Extend and Expand Titanium-Dioxide Supply Relationship – Business Wire” with publication date: November 27, 2018.

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

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