Investors Are Waking Up To PPG Industries, Inc. (NYSE: PPG) After Losing -3.42% Over The Past 12 Months

PPG Industries, Inc. (NYSE:PPG) currently has a daily average trading volume of 1.66M but it saw 1260599 shares traded in last market. With a market cap of 31.24B USD, the company’s current market price of $133.21 came rising about 1.16 while comparing to the previous closing price of $131.68. In past 52 weeks, the stock remained buoying in the range of price level as high as $152.89 and as low as $120.32.

Taking a look at 20-day trading activity of PPG Industries, Inc. (PPG) gives us an average price of $132.85, while its current price level is -12.87% below from 52-week high level whereas it is 10.71% above from lowest level seen by the stock during that period. Simple moving average of 50 days or SMA-50 of the stock’s closing price is $134.60 while that of 200 days or SMA-200 reads an average of $137.04. A closer look into the stock’s movement over the week reveals that its volatility is standing at 1.92% during that period while stretching the period over a month that decreases to 1.46%. It is also necessary to take a look into other indicators of a stock too, to get a better idea about its price movement. And in doing so, we find stock’s 14-day relative strength index (RSI) standing at 51.66 which implies that the stock is in neutral territory.

Evercore ISI downgraded its recommendation for the stock as a “In-line” from “Outperform” on April 22, 2024 while assigning a price target of $152. Wells Fargo also issued its recommendations for the stock as it upgraded the price target for the stock in the range of between $150 and $163.

Over the week, PPG’s stock price is moving 4.77% up while it is 0.13% when we observe its performance for the past one month. Year-to-date it is -10.93% down and over the past year, the stock is showing a downside performance of -3.42%.

Currently, PPG Industries, Inc.’s total number of outstanding shares is 235.21M. Company’s return on investment (ROI) stands at 9.71% and return on equity (ROE) at 18.64%. It has a price to earnings ratio (P/E ratio) of 22.48 while having a 14.26 of forward P/E ratio. Stock’s beta reads 1.27. Stock has a price to book (P/B) ratio of 3.93 while price to sale or P/S ratio amounts to 1.72. Its return on asset (ROA) is 6.40% on average.