Analysts See $1.85 EPS for PPG Industries, Inc. (PPG)

June 20, 2017 - By Vivian Park

 Analysts See $1.85 EPS for PPG Industries, Inc. (PPG)
Investors sentiment decreased to 0.87 in Q4 2016. Its down 0.06, from 0.93 in 2016Q3. It dropped, as 64 investors sold PPG Industries, Inc. shares while 263 reduced holdings. 75 funds opened positions while 211 raised stakes. 178.58 million shares or 3.59% less from 185.23 million shares in 2016Q3 were reported.
Winslow Capital Management Llc has 0% invested in PPG Industries, Inc. (NYSE:PPG). Hancock Holdings holds 2,449 shares. Endurance Wealth Mgmt has invested 0.16% in PPG Industries, Inc. (NYSE:PPG). Forbes J M & Co Llp has invested 0.16% in PPG Industries, Inc. (NYSE:PPG). Reilly Financial Advisors holds 128 shares. Credit Suisse Ag has invested 0.05% in PPG Industries, Inc. (NYSE:PPG). 552,225 are owned by California State Teachers Retirement Sys. Btr Cap Mngmt Inc owns 2,200 shares or 0.05% of their US portfolio. Tci Wealth Advisors Inc owns 4,499 shares. North Carolina-based First Personal Fincl Svcs has invested 0.03% in PPG Industries, Inc. (NYSE:PPG). Apriem owns 0.15% invested in PPG Industries, Inc. (NYSE:PPG) for 5,170 shares. Boston Family Office Lc has 2,382 shares. Monroe National Bank And Tru Mi holds 0% or 25 shares. Dodge And Cox reported 18,000 shares or 0% of all its holdings. Verition Fund Management Lc invested in 0.32% or 38,750 shares.

Analysts expect PPG Industries, Inc. (NYSE:PPG) to report $1.85 EPS on July, 20.They anticipate $0.00 EPS change or 0.00 % from last quarter’s $1.85 EPS. PPG’s profit would be $473.73M giving it 14.97 P/E if the $1.85 EPS is correct. After having $1.35 EPS previously, PPG Industries, Inc.’s analysts see 37.04 % EPS growth. About 350,033 shares traded. PPG Industries, Inc. (NYSE:PPG) has risen 1.03% since June 20, 2016 and is uptrending. It has underperformed by 15.67% the S&P500.

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

Among 17 analysts covering PPG Industries (NYSE:PPG), 10 have Buy rating, 0 Sell and 7 Hold. Therefore 59% are positive. PPG Industries has $131 highest and $100 lowest target. $115.25’s average target is 4.03% above currents $110.79 stock price. PPG Industries had 30 analyst reports since September 6, 2015 according to SRatingsIntel. The firm has “Buy” rating given on Monday, October 12 by Goldman Sachs. The stock of PPG Industries, Inc. (NYSE:PPG) earned “Buy” rating by Seaport Global on Tuesday, July 26. The stock has “Buy” rating by Citigroup on Monday, April 18. On Monday, January 9 the stock rating was downgraded by Citigroup to “Neutral”. On Friday, May 6 the stock rating was downgraded by CLSA to “Outperform”. The company was maintained on Wednesday, November 25 by RBC Capital Markets. RBC Capital Markets maintained PPG Industries, Inc. (NYSE:PPG) on Tuesday, September 8 with “Outperform” rating. The firm has “Buy” rating given on Sunday, September 6 by Deutsche Bank. The rating was downgraded by Argus Research to “Hold” on Tuesday, October 25. The stock of PPG Industries, Inc. (NYSE:PPG) earned “Neutral” rating by Goldman Sachs on Friday, October 21.

PPG Industries, Inc. manufactures and distributes a range of coatings and specialty materials. The company has market cap of $28.37 billion. The Firm has three divisions: Performance Coatings, Industrial Coatings and Glass. It has a 51.64 P/E ratio. The Performance Coatings segment includes the refinish, aerospace, protective and marine, architectural businesses.

More recent PPG Industries, Inc. (NYSE:PPG) news were published by: Bloomberg.com which released: “PPG Pulls $29 Billion Akzo Bid After Chairman Refuses Call” on June 01, 2017. Also Fool.com published the news titled: “Why No One Really Knows What to Make of PPG Industries Stock” on June 01, 2017. Reuters.com‘s news article titled: “BRIEF-Nippon Electric Glass signs agreement with PPG Industries regarding …” with publication date: May 26, 2017 was also an interesting one.

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