(NYSE:PPG) had an excellent day at the stock market, with its price going up by -0.42%, to 100.78. The company reported $1.56 earnings per share (EPS) for the quarter, hitting the Thomson Reuters' consensus estimate of $1.56.
If we glance over stock price target, the analysts were fairly in stock's favor assigning high price target of 120 and average price target of 109.10.
Yesterday PPG Industries (NYSE:PPG) traded -3.62% lower at $106.83.
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The liquidity measure in recent quarter results of the company was recorded 1.50 as current ratio, on the other side the debt to equity ratio was 0.01.92, and long-term debt to equity ratio remained 0.01.92. Cornerstone Advisors Inc. now owns 1,047 shares of the company's stock valued at $108,000 after buying an additional 958 shares during the last quarter. During the same period previous year, the company posted $1.16 EPS. The Company has gross margin of 45.30% and profit margin was positive 5.90% in trailing twelve months.
The dividend yield for the company is hovering around 1.59% while the pay out ratio is now at 47.10%. RBC Capital Markets reaffirmed a "hold" rating and set a $101.00 price target on shares of PPG Industries in a research report on Wednesday, January 4th. Six analysts rating the company a strong buy, eleven analysts rating the company a buy, three analysts rating the company a hold, zero analysts rating the company a underperform, and finally zero analysts rating the company a sell with a one year target of $124.33. The firm's quarterly revenue was down 5.3% compared to the same quarter previous year. Its Performance Coatings segment has a portfolio, which includes paints and coatings for ships, yachts, cars, trucks and buses, industrial installations, structural steel, architectural components, beverage cans, furniture, aircraft, mobile devices and flooring.