|Bid||105.72 x 1000|
|Ask||110.11 x 800|
|Day's Range||106.64 - 107.91|
|52 Week Range||94.37 - 121.29|
|Beta (3Y Monthly)||0.74|
|PE Ratio (TTM)||19.76|
|Earnings Date||Jul 17, 2019 - Jul 22, 2019|
|Forward Dividend & Yield||1.92 (1.63%)|
|1y Target Est||121.75|
Global marketing campaign features unique paints that help reduce pollution, help self-driving cars see, and even protect a puppy’s paw from a sizzling sidewalk
PPG Industries' (PPG) latest facility highlights its dedication to expand business and strengthen overall distribution strategy.
Paint and coatings stocks have retreated toward support amid trade tariffs and margin pressure. Brush up on three trading ideas to play a rebound.
PPG Industries (PPG) will keep its existing business portfolio composition that will provide the best opportunity for maximizing shareholder value.
, the $25.44 billion paints, coatings and materials supplier, were falling Tuesday after the company announced it would continue with its current strategy following a review of its business. Aided by advisers from Goldman Sachs and Morgan Stanley, PPG's board of directors said in a press release Tuesday that the company's current portfolio of businesses -- heavily comprised of its architectural and industrial coating units -- gives the company the best opportunity to capture value on a long-term basis. "PPG's Board of Directors commissioned a strategic review process by two independent advisers, with a focus on long-term shareholder value, along with the guidance of 'nothing is sacred,'" said Hugh Grant, PPG's lead independent director.
After two separate reviews of the company business structure, PPG determined its best to keep the architectural and industrial coating segments together.
PPG Industries Inc said on Tuesday it decided to keep its architectural and industrial coatings units after reviewing its operations following calls from activist investor Nelson Peltz to break up the ...
Pittsburgh-based PPG Industries Inc. shares dipped 2% in premarket trade Tuesday, after the paints company said it has completed two independent reviews of its business portfolio with the decision to continue with its current strategy. The reviews were conducted separately by Goldman Sachs and Morgan Stanley. A separate review by a consulting firm of the company's U.S. and Canada architectural coatings business has ended with recommendations for commercial network optimizations, cost cutting, the use of new sales tools and digital technologies. "We are executing these initiatives with the goals of achieving full recovery of our profitability next quarter and positioning the business for continued success," PPG Chief Executive Michael McGarry said in a statement. The company is planning a new cost savings program with the aim of full year run rate saves of about $125 million. It expects to book a second-quarter charge of $185 million to $200 million. Shares have gained 2.6% in the last 12 months, while the S&P 500 has gained 3.9%.
PPG (PPG) today announced that two separate and independent reviews of its business portfolio were completed by Goldman Sachs & Co. LLC and Morgan Stanley & Co. LLC, with each firm independently conducting multi-faceted evaluations of PPG’s business portfolio, including potential separation opportunities.
PPG today announced that it will hold a teleconference call on Tuesday, May 21, 2019 at 9 a.m. ET to provide information on its recently completed strategic business review.
PPG Industries (PPG) reported earnings 30 days ago. What's next for the stock? We take a look at earnings estimates for some clues.
PPG Industries Inc NYSE:PPGView full report here! Summary * Perception of the company's creditworthiness is negative * Bearish sentiment is low * Economic output in this company's sector is contracting Bearish sentimentShort interest | PositiveShort interest is low for PPG with fewer than 5% of shares on loan. The last change in the short interest score occurred more than 1 month ago and implies that there has been little change in sentiment among investors who seek to profit from falling equity prices. Money flowETF/Index ownership | NeutralETF activity is neutral. The $5.88 billion in inflows that ETFs holding PPG received over the last one-month is a decline from earlier in the period and among the weakest of the past year. Economic sentimentPMI by IHS Markit | NegativeAccording to the latest IHS Markit Purchasing Managersâ€™ Index (PMI) data, output in the Basic Materialsis falling. The rate of decline is significant relative to the trend shown over the past year. Credit worthinessCredit default swap | NegativeThe current level displays a negative indicator. PPG credit default swap spreads are near their highest levels for the past 1 year, which indicates the market's more negative perception of the company's credit worthiness.Please send all inquiries related to the report to email@example.com.Charts and report PDFs will only be available for 30 days after publishing.This document has been produced for information purposes only and is not to be relied upon or as construed as investment advice. To the fullest extent permitted by law, IHS Markit disclaims any responsibility or liability, whether in contract, tort (including, without limitation, negligence), equity or otherwise, for any loss or damage arising from any reliance on or the use of this material in any way. Please view the full legal disclaimer and methodology information on pages 2-3 of the full report.
ESG data still have plenty of inconsistencies and quirks. Oil and gas companies fare surprisingly well on ESG rating scales, for one.
Paint manufacturer PPG matched colors with Game of Thrones characters. But if you want a calmer office setting, there are other shades you might want to consider.
PPG today announced that North Carolina’s Division of Motor Vehicles (DMV) is realizing a dramatic reduction in customer card replacements and attempted fraud through the use of PPG TESLIN® substrate for driver’s licenses and identification cards in the state’s two-year-old REAL ID program. North Carolina’s quest for a best-in-class REAL ID program began in 2016 when its DMV was faced with a two-pronged challenge. The first was to implement a driver’s license/personal identification (DL/ID) program that complied with the Department of Homeland Security’s REAL ID requirements before the end of 2017.
PPG today announced the appointment of Jaime Irick as vice president, architectural coatings, U.S. and Canada. He will report to Tim Knavish, PPG senior vice president, architectural coatings and president, Europe, Middle East and Africa. Irick will succeed Dave Cole, current PPG vice president, architectural coatings, U.S.
Key Chemical Sector Updates from PPG and APDPPG Comex opens new distribution centerIn a press release on April 29, PPG Industries (PPG) announced that its PPG COMEX division opened a new distribution center in Guadalajara, Mexico. The new
PPG COMEX® today announced that it has opened a new $8.8 million distribution center in Guadalajara, Mexico, that enables PPG Comex to fulfill orders from its stores in Mexico within 24 hours. The center serves more than 600 stores in the western states of Jalisco, Nayarit, Colima, Aguascalientes, Zacatecas, Sinaloa, Michoacán and San Luis Potosí. The distribution center is capable of storing more than 10 million liters (2.8 million gallons) of more than 15,000 unique paint and coatings products.
The Zacks Analyst Blog Highlights: Celgene, Schlumberger, Becton, Dickinson, Twitter and PPG Industries
Less than a month ago, PPG (NYSE: PPG) faced a $1.2 million penalty from the Pennsylvania Department for Environmental Protection for pollution at a former glass facility site in Ford City. As with many manufacturers of its size, the company has had its fair share of environmental protection groups angrily knocking on its door regarding clean or water violations. This week, PPG released its 2018 Sustainability Report working to paint a greener picture of the company’s environmental impact. PPG said it aims to reach 25 percent reduction in total waste disposal intensity, or metric tons of waste per 100 metric tons of production, by 2025 from its 2017 baseline of 3.41 metric tons.
PPG Industries (PPG) is well positioned to outperform the market, as it exhibits above-average growth in financials.
Shares in Akzo Nobel fell 3 percent on Wednesday as the Dutch paints and coatings maker left analysts questioning whether its 2020 financial targets were overly ambitious, despite an increase in first-quarter profits. Adjusted operational income rose 9 percent to 163 million euros (£141.35 million) in the first three months of 2019, missing the 182 million euros average analysts polled by the company had predicted. "Results came in well below expectations", ING analyst Stijn Demeester said, adding Akzo had felt the continued raw materials inflation.