7 Analysts Have This To Say About PPG Indus

7 analysts have shared their evaluations of PPG Indus PPG during the recent three months, expressing a mix of bullish and bearish perspectives.

The following table provides a quick overview of their recent ratings, highlighting the changing sentiments over the past 30 days and comparing them to the preceding months.

In the assessment of 12-month price targets, analysts unveil insights for PPG Indus, presenting an average target of $158.14, a high estimate of $172.00, and a low estimate of $149.00. A decline of 2.78% from the prior average price target is evident in the current average.

Investigating Analyst Ratings: An Elaborate Study

The standing of PPG Indus among financial experts becomes clear with a thorough analysis of recent analyst actions. The summary below outlines key analysts, their recent evaluations, and adjustments to ratings and price targets.

Key Insights:

• Action Taken: Analysts respond to changes in market conditions and company performance, frequently updating their recommendations. Whether they 'Maintain', 'Raise' or 'Lower' their stance, it reflects their reaction to recent developments related to PPG Indus. This information offers a snapshot of how analysts perceive the current state of the company.
• Rating: Analysts unravel qualitative evaluations for stocks, ranging from 'Outperform' to 'Underperform'. These ratings offer insights into expectations for the relative performance of PPG Indus compared to the broader market.
• Price Targets: Gaining insights, analysts provide estimates for the future value of PPG Indus's stock. This comparison reveals trends in analysts' expectations over time.

Assessing these analyst evaluations alongside crucial financial indicators can provide a comprehensive overview of PPG Indus's market position. Stay informed and make well-judged decisions with the assistance of our Ratings Table.

Stay up to date on PPG Indus analyst ratings.

Get to Know PPG Indus Better

PPG is a global producer of coatings. The company is the world's largest producer of coatings after the purchase of selected Akzo Nobel assets. PPG's products are sold to a wide variety of end users, including the automotive, aerospace, construction, and industrial markets. The company has a footprint in many regions around the globe, with less than half of sales coming from North America in recent years. PPG is focused on its coatings and specialty products and expansion into emerging regions, as exemplified by the Comex acquisition.

PPG Indus: Financial Performance Dissected

Market Capitalization: Boasting an elevated market capitalization, the company surpasses industry averages. This signals substantial size and strong market recognition.

Revenue Growth: Over the 3 months period, PPG Indus showcased positive performance, achieving a revenue growth rate of 3.94% as of 31 December, 2023. This reflects a substantial increase in the company's top-line earnings. When compared to others in the Materials sector, the company excelled with a growth rate higher than the average among peers.

Net Margin: PPG Indus's net margin is impressive, surpassing industry averages. With a net margin of 2.07%, the company demonstrates strong profitability and effective cost management.

Return on Equity (ROE): PPG Indus's ROE excels beyond industry benchmarks, reaching 1.16%. This signifies robust financial management and efficient use of shareholder equity capital.

Return on Assets (ROA): PPG Indus's ROA excels beyond industry benchmarks, reaching 0.42%. This signifies efficient management of assets and strong financial health.

Debt Management: PPG Indus's debt-to-equity ratio is below the industry average at 0.88, reflecting a lower dependency on debt financing and a more conservative financial approach.

What Are Analyst Ratings?

Ratings come from analysts, or specialists within banking and financial systems that report for specific stocks or defined sectors (typically once per quarter for each stock). Analysts usually derive their information from company conference calls and meetings, financial statements, and conversations with important insiders to reach their decisions.

Analysts may supplement their ratings with predictions for metrics like growth estimates, earnings, and revenue, offering investors a more comprehensive outlook. However, investors should be mindful that analysts, like any human, can have subjective perspectives influencing their forecasts.

This article was generated by Benzinga's automated content engine and reviewed by an editor.