|Bid||32.75 x 60000|
|Ask||32.90 x 60000|
|Day's Range||32.40 - 32.50|
|52 Week Range||9.57 - 32.50|
|Beta (5Y Monthly)||1.27|
|PE Ratio (TTM)||33.85|
|Forward Dividend & Yield||0.50 (1.81%)|
|Ex-Dividend Date||Oct 29, 2020|
|1y Target Est||N/A|
Moody's Investors Service says PPG Industries, Inc.'s ("PPG", A3 negative) proposed acquisition of publicly-traded Finland-based coatings company Tikkurila Oyj for E1.1 billion is somewhat aggressive within the expectations of the A3 rating. The combined effect of the proposed acquisition of Tikkurila and proposed acquisition of Ennis-Flint is expected outstrip free cash flow generated in 2020 and 2021, weakening credit metrics toward the established boundaries for the rating. Further acquisition activity could constitute credit negative developments if the company outspends internally-generated free cash flow in a way that weakens credit metrics beyond these levels.
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