Across the recent three months, 6 analysts have shared their insights on PPG Indus (NYSE:PPG), expressing a variety of opinions spanning from bullish to bearish.
The following table encapsulates their recent ratings, offering a glimpse into the evolving sentiments over the past 30 days and comparing them to the preceding months.
| Bullish | Somewhat Bullish | Indifferent | Somewhat Bearish | Bearish | |
|---|---|---|---|---|---|
| Total Ratings | 2 | 3 | 1 | 0 | 0 |
| Last 30D | 1 | 0 | 0 | 0 | 0 |
| 1M Ago | 1 | 0 | 0 | 0 | 0 |
| 2M Ago | 0 | 1 | 1 | 0 | 0 |
| 3M Ago | 0 | 2 | 0 | 0 | 0 |
In the assessment of 12-month price targets, analysts unveil insights for PPG Indus, presenting an average target of $146.0, a high estimate of $155.00, and a low estimate of $136.00. This current average represents a 4.05% decrease from the previous average price target of $152.17.
Analyzing Analyst Ratings: A Detailed Breakdown
The analysis of recent analyst actions sheds light on the perception of PPG Indus by financial experts. The following summary presents key analysts, their recent evaluations, and adjustments to ratings and price targets.
| Analyst | Analyst Firm | Action Taken | Rating | Current Price Target | Prior Price Target |
|---|---|---|---|---|---|
| David Begleiter | Deutsche Bank | Lowers | Buy | $145.00 | $150.00 |
| Patrick Cunningham | Citigroup | Lowers | Buy | $145.00 | $150.00 |
| Arun Viswanathan | RBC Capital | Lowers | Sector Perform | $136.00 | $138.00 |
| John McNulty | BMO Capital | Lowers | Outperform | $155.00 | $160.00 |
| Jeffrey Zekauskas | JP Morgan | Lowers | Overweight | $145.00 | $155.00 |
| John Roberts | Mizuho | Lowers | Outperform | $150.00 | $160.00 |
Key Insights: Action Taken: Responding to changing market dynamics and company performance, analysts update their recommendations. Whether they 'Maintain', 'Raise', or 'Lower' their stance, it signifies their response to recent developments related to PPG Indus. This offers insight into analysts' perspectives on the current state of the company. Rating: Analyzing trends, analysts offer qualitative evaluations, ranging from 'Outperform' to 'Underperform'. These ratings convey expectations for the relative performance of PPG Indus compared to the broader market. Price Targets: Analysts explore the dynamics of price targets, providing estimates for the future value of PPG Indus's stock. This examination reveals shifts in analysts' expectations over time.
To gain a panoramic view of PPG Indus's market performance, explore these analyst evaluations alongside essential financial indicators. Stay informed and make judicious decisions using our Ratings Table.
Stay up to date on PPG Indus analyst ratings.
Get to Know PPG Indus Better
PPG is a global producer of coatings. 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.
Unraveling the Financial Story of PPG Indus
Market Capitalization Analysis: The company's market capitalization is above the industry average, indicating that it is relatively larger in size compared to peers. This may suggest a higher level of investor confidence and market recognition.
Negative Revenue Trend: Examining PPG Indus's financials over 3 months reveals challenges. As of 30 September, 2024, the company experienced a decline of approximately -1.49% in revenue growth, reflecting a decrease in top-line earnings. When compared to others in the Materials sector, the company faces challenges, achieving a growth rate lower than the average among peers.
Net Margin: PPG Indus's financial strength is reflected in its exceptional net margin, which exceeds industry averages. With a remarkable net margin of 10.23%, the company showcases strong profitability and effective cost management.
Return on Equity (ROE): PPG Indus's ROE stands out, surpassing industry averages. With an impressive ROE of 6.02%, the company demonstrates effective use of equity capital and strong financial performance.
Return on Assets (ROA): PPG Indus's ROA surpasses industry standards, highlighting the company's exceptional financial performance. With an impressive 2.15% ROA, the company effectively utilizes its assets for optimal returns.
Debt Management: With a below-average debt-to-equity ratio of 0.93, PPG Indus adopts a prudent financial strategy, indicating a balanced approach to debt management.
The Significance of Analyst Ratings Explained
Ratings come from analysts, or specialists within banking and financial systems that report for specific stocks or defined sectors (typically once per quarter for each stock). Analysts usually derive their information from company conference calls and meetings, financial statements, and conversations with important insiders to reach their decisions.
Analysts may supplement their ratings with predictions for metrics like growth estimates, earnings, and revenue, offering investors a more comprehensive outlook. However, investors should be mindful that analysts, like any human, can have subjective perspectives influencing their forecasts.
Breaking: Wall Street's Next Big Mover
Benzinga's #1 analyst just identified a stock poised for explosive growth. This under-the-radar company could surge 200%+ as major market shifts unfold. Click here for urgent details.
This article was generated by Benzinga's automated content engine and reviewed by an editor.
Latest Ratings for PPG
| Date | Firm | Action | From | To |
|---|---|---|---|---|
| Mar 2022 | Jefferies | Maintains | Hold | |
| Jan 2022 | Barclays | Maintains | Equal-Weight | |
| Jan 2022 | Deutsche Bank | Maintains | Buy |
View More Analyst Ratings for PPG
View the Latest Analyst Ratings
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
