Analysts’ consensus on PPG Industries

As of July 11, 2017, 21 analysts from various brokerage firms are actively tracking PPG Industries (PPG). About 67.0% of them have recommended a “buy” for PPG, and 33.0% have recommended a “hold.” None of them have recommended a “sell.”

Wall Street’s View on PPG Industries ahead of 2Q17 Earnings

The analyst consensus indicates a 12-month target price for PPG of $114.79. That implies a 12-month potential return of 3.4% from the closing price of $111.03 on July 11, 2017.

What are most analysts saying?

Below are some of the positive developments that are expected to drive PPG’s future growth:

  • better-than-expected 1Q17 earnings
  • capacity expansion in Russia to meet the growing demand
  • the launch of new products
  • collaborations
  • new business wins

As a result, most analysts tend to recommend a “buy” or a “hold” for PPG stock.

Recommendations and target prices by individual brokerage firms

  • SunTrust Robinson Humphrey has recommended a target price of $120 for PPG, implying a potential return of 8.1% over the closing price of $111.03 on July 13, 2017.
  • RBC has given PPG a target price of $109. As of July 11, 2017, the stock was trading 1.9% above the recommended target price.
  • Barclays (BCS) has rated PPG an “equal weight” with a target price of $115, implying a potential return of 3.6% over the closing price of $111.03 on July 11, 2017.

You can indirectly hold PPG by investing in the ProShares Ultra Basic Materials (UYM), which has invested 3.2% of its portfolio in PPG Industries. The fund’s top holdings include Dow Chemical (DOW) and DuPont (DD) with weights of 8.1% and 8.0%, respectively, as of July 11, 2017.

In the next part, we’ll take a look at PPG’s latest valuations.

Latest articles

Broadcom (AVGO) stock fell ~8.5% after markets closed yesterday following the semiconductor giant's fiscal 2019 second-quarter earnings release. It missed analysts' revenue estimate and cut its fiscal 2019 revenue guidance by $2 billion to $22.5 billion due to sluggishness in its semiconductor solutions business.

The SPDR Gold Shares ETF (GLD), which tracks physical gold prices, has underperformed the broader markets year-to-date, rising just 4.4% compared to the S&P 500’s (SPY) gain of 15.9% as of June 14. The sentiment for gold, however, has been turning around.

Safe havens such as Treasuries and gold were back in favor on June 14 as stocks fell due to rising tensions in the Middle East, concerns over growth, and the looming threat of the US-China trade war. The tech-heavy Nasdaq Composite Index fell 0.67% in the first hour of trading.

Lululemon (LULU) stock rose 2.1% on June 13 in reaction to better-than-expected first-quarter results and an upgraded outlook for fiscal 2019 overall. The company's first-quarter adjusted EPS grew 34.5% to $0.74 on revenue growth of 20.4% to $782.32 million. Analysts had expected EPS of $0.70 and revenue of $755.31 million. Here's why the outlook got an upgrade.

14 Jun

IEA Again Slashes Its Oil Demand Growth Estimate

WRITTEN BY Rabindra Samanta

As of 4:40 AM Eastern Time today, US crude oil active futures were at $51.83, ~4% below their closing level in the previous week. If US crude oil prices stay at those levels today, they'll mark their third week of decline in five weeks.

Amazon is discontinuing its Amazon Restaurants service, which has been delivering food for restaurants in parts of the United States. Amazon Restaurants launched in the United States in 2015 and entered the British market the following year. However, it met strong opposition in the British market.