Has things changed that much in the last 9 months for PPG? NO
Maybe PPG is a barometer for the entire market and signals how misguided we may be. Last September PPG pre announced poor results for the 3rd quarter, from that day the market sank just as the stock did. So has that much really changed for PPG? NO, so why is the stock trying to breakout? why is the stock market coming off all time highs?, caution, caution, caution, is needed when we reflect on those questions, 1 rate hike can not alone hold the market at these levels.
AVERAGE ANALYSTS PRICE TARGET $123
AVERAGE ANALYSTS RECOMMENDATION OVERWEIGHT
P/E RATIO 21
SHORT INTEREST 2.19$
COMPANY PROFILE
PPG Industries, Inc. engages in the manufacture and distribution of coatings, specialty materials, and glass products. It operates through Performance Coatings and Industrial Coatings segments. The Performance Coatings segment comprises of the refinish, aerospace, protective and marine, and architectural coatings businesses. The Industrial Coatings segment includes automotive OEM, industrial coatings, packaging coatings, and specialty coatings and materials businesses. The company was founded was founded by John B. Ford and John A. Pitcairn in 1883 and is headquartered in Pittsburgh, PA.
AVERAGE ANALYSTS PRICE TARGET $123
AVERAGE ANALYSTS RECOMMENDATION OVERWEIGHT
P/E RATIO 21
SHORT INTEREST 2.19$
COMPANY PROFILE
PPG Industries, Inc. engages in the manufacture and distribution of coatings, specialty materials, and glass products. It operates through Performance Coatings and Industrial Coatings segments. The Performance Coatings segment comprises of the refinish, aerospace, protective and marine, and architectural coatings businesses. The Industrial Coatings segment includes automotive OEM, industrial coatings, packaging coatings, and specialty coatings and materials businesses. The company was founded was founded by John B. Ford and John A. Pitcairn in 1883 and is headquartered in Pittsburgh, PA.