Are Analysts Bearish PPG Industries, Inc. (NYSE:PPG) After Last Week?

December 8, 2017 - By Ellis Scott

 Are Analysts Bearish PPG Industries, Inc. (NYSE:PPG) After Last Week?
Investors sentiment decreased to 0.8 in Q2 2017. Its down 0.06, from 0.86 in 2017Q1. It fall, as 47 investors sold PPG Industries, Inc. shares while 252 reduced holdings. 64 funds opened positions while 176 raised stakes. 185.24 million shares or 3.67% more from 178.68 million shares in 2017Q1 were reported.
Vanguard Group Inc holds 0.11% or 19.75M shares. Moreover, Robeco Institutional Asset Mgmt Bv has 0.02% invested in PPG Industries, Inc. (NYSE:PPG) for 22,926 shares. Estabrook Capital Management reported 0% in PPG Industries, Inc. (NYSE:PPG). Moreover, Hl Svcs Limited Company has 0.06% invested in PPG Industries, Inc. (NYSE:PPG). Bnp Paribas Arbitrage Sa holds 86,534 shares. Gofen & Glossberg Ltd Co Il holds 0.01% in PPG Industries, Inc. (NYSE:PPG) or 3,425 shares. Art Limited Co reported 0.12% in PPG Industries, Inc. (NYSE:PPG). Illinois-based Nuveen Asset Lc has invested 0.09% in PPG Industries, Inc. (NYSE:PPG). Salem Investment Counselors holds 0.01% of its portfolio in PPG Industries, Inc. (NYSE:PPG) for 528 shares. Bkd Wealth Advsr Lc owns 3,472 shares. Cap Mngmt Corp Va reported 0.06% stake. Stifel Corporation holds 0.09% of its portfolio in PPG Industries, Inc. (NYSE:PPG) for 223,805 shares. Td Asset Mngmt owns 0.03% invested in PPG Industries, Inc. (NYSE:PPG) for 161,079 shares. Whittier Trust Of Nevada Inc accumulated 722 shares. Mogy Joel R Counsel has 0.07% invested in PPG Industries, Inc. (NYSE:PPG).

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

Among 22 analysts covering PPG Industries (NYSE:PPG), 13 have Buy rating, 0 Sell and 9 Hold. Therefore 59% are positive. PPG Industries had 55 analyst reports since September 6, 2015 according to SRatingsIntel. RBC Capital Markets maintained the shares of PPG in report on Wednesday, November 25 with “Outperform” rating. Deutsche Bank maintained the stock with “Buy” rating in Sunday, September 6 report. The firm earned “Neutral” rating on Friday, October 20 by Bank of America. Citigroup downgraded the stock to “Neutral” rating in Monday, January 9 report. The firm has “Neutral” rating given on Monday, July 24 by Bank of America. RBC Capital Markets maintained the stock with “Hold” rating in Monday, August 7 report. Citigroup maintained PPG Industries, Inc. (NYSE:PPG) rating on Monday, April 18. Citigroup has “Buy” rating and $131 target. The rating was upgraded by Argus Research to “Buy” on Wednesday, July 5. The rating was downgraded by SunTrust to “Hold” on Monday, July 24. The firm has “Buy” rating by KeyBanc Capital Markets given on Friday, October 20. Below is a list of PPG Industries, Inc. (NYSE:PPG) latest ratings and price target changes.

28/11/2017 Broker: Wells Fargo Rating: Hold New Target: $120.0 Maintain
25/10/2017 Broker: Citigroup Rating: Neutral Old Target: $114 New Target: $127 Maintain
23/10/2017 Broker: RBC Capital Markets Rating: Hold New Target: $116.0 Maintain
20/10/2017 Broker: SunTrust Rating: Hold New Target: $115.0 Maintain
20/10/2017 Broker: KeyBanc Capital Markets Rating: Buy New Target: $130.0 Maintain
20/10/2017 Broker: Robert W. Baird Rating: Outperform Old Target: $115 New Target: $130 Maintain
20/10/2017 Broker: Bank of America Rating: Neutral Old Target: $115 New Target: $120 Maintain
20/10/2017 Broker: Credit Suisse Rating: Outperform Old Target: $113 New Target: $119 Maintain
17/10/2017 Broker: Jefferies Rating: Buy New Target: $120.0 Maintain
17/10/2017 Broker: RBC Capital Markets Rating: Hold New Target: $112.0 Maintain

The stock decreased 0.07% or $0.08 during the last trading session, reaching $116.11. About 1.13M shares traded. PPG Industries, Inc. (NYSE:PPG) has risen 1.03% since December 8, 2016 and is uptrending. It has underperformed by 15.67% the S&P500.

PPG Industries, Inc. manufactures and distributes coatings, specialty materials, and glass products. The company has market cap of $29.55 billion. It operates in three divisions: Performance Coatings, Industrial Coatings, and Glass. It has a 16.86 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 important recent PPG Industries, Inc. (NYSE:PPG) news were published by: Nasdaq.com which released: “Zacks Industry Outlook Highlights: PPG Industries, Celanese and Eastman Chemical” on November 13, 2017, also Streetinsider.com published article titled: “Form 4 PPG INDUSTRIES INC For: Nov 30 Filed by: MCGARRY MICHAEL H”, Nasdaq.com published: “PPG Industries, Inc. (PPG) Ex-Dividend Date Scheduled for November 09, 2017” on November 08, 2017. More interesting news about PPG Industries, Inc. (NYSE:PPG) was released by: Nasdaq.com and their article: “PPG Industries, SiNode Team Up for Vehicle Battery Technology” with publication date: November 17, 2017.

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.