What Will The Effects of a Jefferies Downgrade Be For PPG Industries (NYSE:PPG) Shares?

May 16, 2018 - By Linda Rogers

PPG Industries, Inc. (NYSE:PPG) Logo

Investors sentiment decreased to 1 in 2017 Q4. Its down 0.14, from 1.14 in 2017Q3. It dived, as 37 investors sold PPG Industries, Inc. shares while 245 reduced holdings. 86 funds opened positions while 197 raised stakes. 186.33 million shares or 0.01% more from 186.32 million shares in 2017Q3 were reported.

Advantus Management reported 25,865 shares stake. Moreover, Peoples Fincl Svcs has 0.12% invested in PPG Industries, Inc. (NYSE:PPG) for 1,955 shares. Commerzbank Aktiengesellschaft Fi holds 0% of its portfolio in PPG Industries, Inc. (NYSE:PPG) for 2,840 shares. Nelson Van Denburg & Campbell Wealth Grp Ltd Llc accumulated 7 shares. Pggm Invests has 260,000 shares for 0.17% of their portfolio. Kentucky Retirement Tru Fund holds 0.13% or 6,758 shares in its portfolio. Janney Montgomery Scott Ltd invested in 113,846 shares. 440 were accumulated by Arrow Fincl. First Midwest Fincl Bank Division invested in 0.21% or 14,100 shares. Boston invested in 521,974 shares or 0.07% of the stock. Dimensional Fund Advsr Limited Partnership owns 679,228 shares for 0.03% of their portfolio. Capstone Investment Advisors Ltd Liability Company has 0.02% invested in PPG Industries, Inc. (NYSE:PPG). Bailard holds 0.08% or 11,267 shares in its portfolio. Parnassus Invs Ca reported 2.46 million shares stake. Mackenzie Corporation holds 0% or 8,417 shares in its portfolio.

Since February 22, 2018, it had 0 insider purchases, and 1 insider sale for $1.10 million activity.

PPG Industries (NYSE:PPG) Receives a Downgrade

The Rating of PPG Industries (NYSE:PPG) shares have been decreased by Jefferies from a Buy rating to a Hold rating in a research report shared with investors on Wednesday morning.

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

Among 17 analysts covering PPG Industries (NYSE:PPG), 8 have Buy rating, 0 Sell and 9 Hold. Therefore 47% are positive. PPG Industries has $139 highest and $11500 lowest target. $123’s average target is 18.84% above currents $103.5 stock price. PPG Industries had 26 analyst reports since November 28, 2017 according to SRatingsIntel. The company was maintained on Tuesday, November 28 by Wells Fargo. The rating was maintained by Robert W. Baird on Thursday, December 21 with “Buy”. On Tuesday, March 20 the stock rating was upgraded by Deutsche Bank to “Buy”. The stock of PPG Industries, Inc. (NYSE:PPG) has “Neutral” rating given on Wednesday, January 24 by Citigroup. The firm earned “Hold” rating on Tuesday, March 27 by BMO Capital Markets. SunTrust maintained the stock with “Hold” rating in Friday, January 19 report. The firm has “Buy” rating by Northcoast given on Friday, January 19. Credit Suisse maintained the stock with “Outperform” rating in Friday, April 20 report. Seaport Global maintained the stock with “Buy” rating in Tuesday, January 23 report. As per Friday, January 19, the company rating was downgraded by J.P. Morgan.

The stock increased 0.46% or $0.47 during the last trading session, reaching $103.5. About 483,605 shares traded. PPG Industries, Inc. (NYSE:PPG) has risen 7.79% since May 16, 2017 and is uptrending. It has underperformed by 3.76% the S&P500.

Analysts await PPG Industries, Inc. (NYSE:PPG) to report earnings on July, 19. They expect $1.90 EPS, up 3.83 % or $0.07 from last year’s $1.83 per share. PPG’s profit will be $473.71M for 13.62 P/E if the $1.90 EPS becomes a reality. After $1.39 actual EPS reported by PPG Industries, Inc. for the previous quarter, Wall Street now forecasts 36.69 % EPS growth.

PPG Industries, Inc. manufactures and distributes coatings, specialty materials, and glass products. The company has market cap of $25.81 billion. It operates in three divisions: Performance Coatings, Industrial Coatings, and Glass. It has a 16.45 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: Prnewswire.com which released: “SHAREHOLDER ALERT: Bronstein, Gewirtz & Grossman, LLC Announces Investigation of PPG Industries, Inc. (PPG)” on May 15, 2018, also Prnewswire.com with their article: “PPG Industries (PPG) Investigated by Block & Leviton LLP For Violations of The Federal Securities Laws” published on May 14, 2018, Businesswire.com published: “Bragar Eagel & Squire, PC is Investigating PPG Industries, Inc. (PPG) on Behalf of Stockholders and Encourages …” on May 15, 2018. More interesting news about PPG Industries, Inc. (NYSE:PPG) were released by: Seekingalpha.com and their article: “PPG Industries fires controller following probe into accounting procedures” published on May 10, 2018 as well as Benzinga.com‘s news article titled: “Benzinga’s Top Upgrades, Downgrades For May 16, 2018” with publication date: May 16, 2018.

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

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