Originally published on Best Stocks Category: best stocks to buy now According to The Fly, equity research analysts at Citigroup lowered their price objective for PPG Industries (NYSE: PPG) in a letter given to clients on Tuesday. The new price objective is $117.00, which decreases from the previous price objective of $131.00. In addition, Citigroup set a price target for the stock that says it could go up by 2.46 percent from the most recent closing price. Deposit $100 and get a $110 to trade stocks>>>>>>>>>>Open Account Recently published reports on the company have come from several other equity research analysts. These studies emphasize more recent happenings. Bank of America reduced the target price for PPG Industries in a research note published on Wednesday, July 13th. The new price is $161.00; it had previously been $172.00. A recommendation to “buy” the stock was also made available at that time. Vertical Research gave PPG Industries stock a “buy” rating in a research note published on the 27th of June, and the company has projected that the stock price will reach $139.00 within the next three months. VerticalRResearch’s note was released on Monday. According to a research study that was released on Friday, July 22nd, by the UBS Group, they have indicated that they are now aiming for a price of $160 for PPG Industries. In a study made available to the public on September 28, Deutsche Bank Aktiengesellschaft disclosed that the price target they had set for PPG Industries had been decreased from $150.00 to $135.00. Redburn Partners finally indicated that they are bullish on PPG Industries by upgrading the company’s stock from “neutral” to “buy” in research published on Tuesday, September 6, indicating that they are bullish. One of the researchers specializing in equity research has suggested that the stock be sold; nine have suggested that the stock be held, and the remaining nine have suggested that the stock be purchased. According to data from Bloomberg, the average recommendation for the stock is “Hold,” and the average price target is $151.18.The stock ticker symbol NYSE: PPG started the trading day on Tuesday for $114.19. The current value of the debt-to-equity ratio is 1.08, the current value of the quick ratio is 1, the value the current ratio is 1, and the value of the quick ratio is 1.02. The stock price has had a simple moving average of $124.57 over the past two hundred days, and the price has had a simple moving average of $124.89 over the last fifty days. PPG Industries stock price hit an all-time high of $177.32 and an all-time low of $107.06 a year ago. The company’s market value comes in at $26.83 billion, which can be attributed to several factors, including its PE ratio of 25.04, its EPS growth rate of 2.31, and its beta of 1.16. The results of the most recent quarterly financial report for PPG Industries, which is traded on the New York Stock Exchange under the ticker symbol “PPG,” were made public on July 21. The earnings per share for the most recent quarter reported by the specialty chemicals company came in at $1.81, which is $0.06 higher than the consensus estimate of $1.75. In addition, PPG Industries’ return on equity came in at 22.97%, while the net margin for the company was 6.20%. However, the company was only able to bring in revenue of $4.69 billion during the quarter, even though analysts predicted that the company would bring in revenue of $4.75 billion. According to projections made by analysts, PPG Industries is expected to have earnings of $6.64 per share for the current fiscal year. This is the PPG Industries’ earnings expectation for the current fiscal year. In recent years, significant shareholders in the company have been active in taking action to bring about change. D. E. Shaw & Co., Inc. increased the proportion of PPG Industries stock owned by 61.8% over the final three months of 2018. After making an additional purchase of 32,695 shares during the most recent quarter, D. E. Shaw & Co., Inc. now has a total of 85,625 shares of the specialty chemicals company’s stock in its possession. These shares are currently worth a total of $14,765,000 as of right now. In addition, DZ BANK AG, also known as Deutsche Zentral Genossenschaftsbank Frankfurt am Main, invested approximately $74,000 over the final three months of 2018 to acquire additional PPG shares Industries. As a result, the percentage of PPG Industries stock owned by Cetera Investment Advisers increased by 11.7% over the final three months of 2018, thanks to the firm’s successful investments. Cetera Investment Advisers increased its holdings in the stock of a specialty chemicals company by purchasing an additional 446 shares during the most recent fiscal quarter, bringing the total number of shares owned by the firm to 4,272, with a market value of $737,000. In the final quarter of 2018, Mackenzie Financial Corporation made a 284.1% investment in PPG Industries stock, which increased the percentage of the company’s stock that it owned. After purchasing 104,648 additional shares of the specialty chemicals company’s stock during the most recent quarter, Mackenzie Financial Corp now has 141,482 shares in its possession. The holdings of Mackenzie Financial Corporation in this stock are estimated to be worth $24,397,000. During the last three months of 2018, KCM Investment Advisors LLC increased the amount of PPG Industries stock owned by 4.5%. During the most recent reporting period, KCM Investment Advisors LLC increased its stake in the specialty chemicals business by purchasing an additional 118 shares, bringing the total number of shares it currently owns to 2,736 with a value of $472,000. To 80.39 percent, the company’s stock is owned by institutional investors who have invested in the company. Paints, coatings, and other specialized materials are produced and distributed worldwide by the American multinational corporation PPG Industries, Inc., headquartered in the United States. The Performance Coatings segment of the company provides coatings, sealants, transparencies, transparent armor, adhesives, engineered materials, packaging, and chemical management services for commercial, military, regional jet, and general aviation aircraft. This division also sells coatings, solvents, adhesives, sealants, and other products and software for repairing and reconditioning commercial transport and fleet vehicles, light industrial coatings, and specialty coatings for signs.