Is PPG Industries (NYSE:PPG) now a ‘Sell’ After a Jefferies Downgrade?

May 16, 2018 - By Donald McKee

PPG Industries, Inc. (NYSE:PPG) Logo

Investors sentiment decreased to 1 in 2017 Q4. Its down 0.14, from 1.14 in 2017Q3. It fall, as 37 investors sold PPG Industries, Inc. shares while 245 reduced holdings. 86 funds opened positions while 197 raised stakes. 186.33 million shares or 0.01% more from 186.32 million shares in 2017Q3 were reported.

Walleye Trading Ltd Liability reported 16,715 shares stake. Ibm Retirement Fund holds 6,236 shares or 0.13% of its portfolio. Tiverton Asset Mngmt Ltd Liability Corp holds 0.01% or 1,739 shares. Quantbot Technology Lp holds 21,510 shares. Blb&B Ltd has 9,331 shares. 8,148 are held by Etrade Mngmt Ltd Llc. Webster Bankshares N A owns 1,051 shares. Old National Retail Bank In holds 7,730 shares or 0.05% of its portfolio. Findlay Park Llp owns 822,798 shares or 0.91% of their US portfolio. Camarda Advisors Lc holds 0.03% or 200 shares in its portfolio. Parkside Fin Bank & Trust Tru accumulated 0.01% or 157 shares. Moreover, Holderness Invests Communication has 0.11% invested in PPG Industries, Inc. (NYSE:PPG) for 1,950 shares. 348,226 are held by Hsbc Public. Newman Dignan And Sheerar owns 2,676 shares. State Of Tennessee Treasury Department reported 0.06% in PPG Industries, Inc. (NYSE:PPG).

Since February 22, 2018, it had 0 buys, and 1 sale for $1.10 million activity.

PPG Industries (NYSE:PPG) Receives a Downgrade

PPG Industries (NYSE:PPG) shares have just seen their rating decreased by stock analysts at Jefferies to a ‘”Hold”‘ in a research report sent to clients and investors on 16 May.

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

Among 17 analysts covering PPG Industries (NYSE:PPG), 8 have Buy rating, 0 Sell and 9 Hold. Therefore 47% are positive. PPG Industries has $139 highest and $11500 lowest target. $123’s average target is 18.92% above currents $103.43 stock price. PPG Industries had 26 analyst reports since November 28, 2017 according to SRatingsIntel. Barclays Capital maintained the shares of PPG in report on Friday, March 2 with “Equal-Weight” rating. The firm earned “Buy” rating on Friday, January 19 by Northcoast. The stock of PPG Industries, Inc. (NYSE:PPG) has “Buy” rating given on Wednesday, April 25 by J.P. Morgan. The firm has “Hold” rating by Wells Fargo given on Tuesday, November 28. The firm earned “Buy” rating on Tuesday, January 2 by Jefferies. The rating was maintained by SunTrust on Friday, January 19 with “Hold”. The firm has “Neutral” rating by Atlantic Securities given on Wednesday, January 17. The stock has “Buy” rating by Seaport Global on Tuesday, January 23. The firm has “Hold” rating by J.P. Morgan given on Friday, January 19. Credit Suisse maintained PPG Industries, Inc. (NYSE:PPG) on Friday, April 20 with “Outperform” rating.

The stock increased 0.39% or $0.4 during the last trading session, reaching $103.43. About 1.39M shares traded. PPG Industries, Inc. (NYSE:PPG) has risen 7.79% since May 16, 2017 and is uptrending. It has underperformed by 3.76% the S&P500.

Analysts await PPG Industries, Inc. (NYSE:PPG) to report earnings on July, 19. They expect $1.90 EPS, up 3.83 % or $0.07 from last year’s $1.83 per share. PPG’s profit will be $473.70M for 13.61 P/E if the $1.90 EPS becomes a reality. After $1.39 actual EPS reported by PPG Industries, Inc. for the previous quarter, Wall Street now forecasts 36.69 % EPS growth.

PPG Industries, Inc. manufactures and distributes coatings, specialty materials, and glass products. The company has market cap of $25.79 billion. It operates in three divisions: Performance Coatings, Industrial Coatings, and Glass. It has a 16.44 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: Prnewswire.com which released: “PPG Industries (PPG) Investigated by Block & Leviton LLP For Violations of The Federal Securities Laws” on May 14, 2018, also Prnewswire.com with their article: “SHAREHOLDER ALERT: Bronstein, Gewirtz & Grossman, LLC Announces Investigation of PPG Industries, Inc. (PPG)” published on May 15, 2018, Prnewswire.com published: “WeissLaw LLP: PPG Industries, Inc. is the Subject of a Legal Investigation” on May 14, 2018. More interesting news about PPG Industries, Inc. (NYSE:PPG) were released by: Prnewswire.com and their article: “Hagens Berman Alerts Investors in PPG Industries, Inc. (PPG) to the Firm’s Investigation of Admitted Improper Accounting” published on May 14, 2018 as well as Seekingalpha.com‘s news article titled: “PPG Industries fires controller following probe into accounting procedures” with publication date: May 10, 2018.

PPG Industries, Inc. (NYSE:PPG) Institutional Positions Chart

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