JP Morgan May Have Just Lost Faith in PPG Industries (NYSE:PPG)

January 20, 2018 - By Marie Mckinney

 JP Morgan May Have Just Lost Faith in PPG Industries (NYSE:PPG)

Investors sentiment increased to 1.14 in 2017 Q3. Its up 0.34, from 0.8 in 2017Q2. It increased, as 44 investors sold PPG Industries, Inc. shares while 213 reduced holdings. 73 funds opened positions while 219 raised stakes. 186.32 million shares or 0.58% more from 185.24 million shares in 2017Q2 were reported.

Cornerstone has 1,836 shares for 0.14% of their portfolio. Blackrock Inc holds 0.08% of its portfolio in PPG Industries, Inc. (NYSE:PPG) for 14.77 million shares. Us Bank De, a Minnesota-based fund reported 517,357 shares. Fny Managed Accounts Lc stated it has 0.05% in PPG Industries, Inc. (NYSE:PPG). North Star Investment Mngmt invested in 0.01% or 650 shares. Federated Incorporated Pa has invested 0% in PPG Industries, Inc. (NYSE:PPG). Martingale Asset L P invested 0.13% in PPG Industries, Inc. (NYSE:PPG). Pennsylvania holds 0.08% or 15,955 shares. 2,973 were reported by Haverford Trust. 3.21 million were reported by Wells Fargo Mn. Commercial Bank Of Montreal Can owns 183,861 shares. Mark Sheptoff Fin Planning Ltd Liability Company accumulated 34 shares. Gemmer Asset Ltd Llc invested in 0.03% or 838 shares. Wealthcare Management Lc holds 0% or 14 shares. Tarbox Family Office Inc holds 28,825 shares.

Since August 11, 2017, it had 0 insider buys, and 2 insider sales for $3.90 million activity. BOST GLENN E II sold $2.00M worth of stock.

PPG Industries (NYSE:PPG) Receives a Downgrade

PPG Industries (NYSE:PPG) was decreased by expert analysts at JP Morgan from their past Overweight rating to a Neutral rating in a report issued to clients and investors on Friday, 19 January.

Investors sentiment increased to 1.14 in 2017 Q3. Its up 0.34, from 0.8 in 2017Q2. It increased, as 44 investors sold PPG Industries, Inc. shares while 213 reduced holdings. 73 funds opened positions while 219 raised stakes. 186.32 million shares or 0.58% more from 185.24 million shares in 2017Q2 were reported.

Cornerstone has 1,836 shares for 0.14% of their portfolio. Blackrock Inc holds 0.08% of its portfolio in PPG Industries, Inc. (NYSE:PPG) for 14.77 million shares. Us Bank De, a Minnesota-based fund reported 517,357 shares. Fny Managed Accounts Lc stated it has 0.05% in PPG Industries, Inc. (NYSE:PPG). North Star Investment Mngmt invested in 0.01% or 650 shares. Federated Incorporated Pa has invested 0% in PPG Industries, Inc. (NYSE:PPG). Martingale Asset L P invested 0.13% in PPG Industries, Inc. (NYSE:PPG). Pennsylvania holds 0.08% or 15,955 shares. 2,973 were reported by Haverford Trust. 3.21 million were reported by Wells Fargo Mn. Commercial Bank Of Montreal Can owns 183,861 shares. Mark Sheptoff Fin Planning Ltd Liability Company accumulated 34 shares. Gemmer Asset Ltd Llc invested in 0.03% or 838 shares. Wealthcare Management Lc holds 0% or 14 shares. Tarbox Family Office Inc holds 28,825 shares.

Since August 11, 2017, it had 0 insider buys, and 2 insider sales for $3.90 million activity. BOST GLENN E II sold $2.00M worth of stock.

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

Among 24 analysts covering PPG Industries (NYSE:PPG), 12 have Buy rating, 0 Sell and 12 Hold. Therefore 50% are positive. PPG Industries has $139 highest and $100 lowest target. $121.68’s average target is 2.74% above currents $118.44 stock price. PPG Industries had 63 analyst reports since September 6, 2015 according to SRatingsIntel. Jefferies maintained the stock with “Buy” rating in Monday, May 29 report. On Friday, January 19 the stock rating was downgraded by JP Morgan to “Neutral”. The firm earned “Buy” rating on Tuesday, August 22 by KeyBanc Capital Markets. The stock of PPG Industries, Inc. (NYSE:PPG) earned “Hold” rating by J.P. Morgan on Friday, January 19. Goldman Sachs downgraded the shares of PPG in report on Friday, October 21 to “Neutral” rating. The stock of PPG Industries, Inc. (NYSE:PPG) has “Neutral” rating given on Monday, July 24 by Bank of America. Jefferies maintained PPG Industries, Inc. (NYSE:PPG) rating on Friday, May 26. Jefferies has “Buy” rating and $12000 target. The firm has “Hold” rating by Deutsche Bank given on Friday, July 21. The firm has “Buy” rating given on Wednesday, July 5 by Argus Research. The company was maintained on Tuesday, October 11 by RBC Capital Markets.

The stock increased 0.03% or $0.03 during the last trading session, reaching $118.44. About 2.95M shares traded or 124.29% up from the average. PPG Industries, Inc. (NYSE:PPG) has risen 1.03% since January 20, 2017 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 $30.14 billion. It operates in three divisions: Performance Coatings, Industrial Coatings, and Glass. It has a 18.76 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: Seekingalpha.com which released: “PPG Industries’ (PPG) CEO Michael McGarry on Q4 2017 Results – Earnings Call …” on January 19, 2018, also Fool.com with their article: “Why PPG Industries Stock Outperformed in 2017” published on January 09, 2018, Seekingalpha.com published: “PPG Industries +4% after strong Q4 volume growth” on January 18, 2018. More interesting news about PPG Industries, Inc. (NYSE:PPG) were released by: Nasdaq.com and their article: “What’s in the Cards for PPG Industries (PPG) in Q4 Earnings?” published on January 16, 2018 as well as Nasdaq.com‘s news article titled: “PPG Industries (PPG) Beats Q4 Earnings & Sales Estimates” with publication date: January 18, 2018.

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