Evercore ISI Group Initiates Coverage On PPG Industries to Buy with Price Target $117

Evercore ISI Group Initiates Coverage On PPG Industries(PPG). In a research note issued to the investors, the brokerage major Announces the price-target to $117 per share. The shares have been rated Buy. The rating by the stock financial advisor at Evercore ISI Group was issued on Feb 14, 2017 in a research report to their Investors and Clients.

In a different note, On Jan 17, 2017, Susquehanna said it Downgrades its rating on PPG Industries. According to the research note, Susquehanna Lowers the price target to $100 per share from a prior target of $108. The shares have been rated ‘Neutral’ by the firm. On Dec 13, 2016, RBC Capital said it Downgrades its rating on PPG Industries. According to the research note, RBC Capital Lowers the price target to $101 per share from a prior target of $105. The shares have been rated ‘Sector Perform’ by the firm.

PPG Industries (PPG) shares turned negative on Wednesdays trading session with the shares closing down -0.19 points or -0.18% at a volume of 19,51,353. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $103.34. The peak price level was also seen at $103.34 while the days lowest was $102.32. Finally the shares closed at $102.81. The 52-week high of the shares is $117 while the 52-week low is $89.64. According to the latest information available, the market cap of the company is $26,432 M.

PPG Industries(PPG) last announced its earnings results on Jan 19, 2017 for Fiscal Year 2016 and Q4.Company reported revenue of $3.497B. Analysts had an estimated revenue of $3.560B. Earnings per share were $1.19. Analysts had estimated an EPS of $1.19.

Several Insider Transactions has been reported to the SEC. On Aug 8, 2016, Timothy M Knavish (Sr. VP, Automotive Coatings) sold 9,300 shares at $104.08 per share price.Also, On Jul 28, 2016, Viktoras R Sekmakas (Executive Vice President) sold 40,950 shares at $106.64 per share price.On Mar 1, 2016, Charles E Bunch (Executive Chairman of Board) sold 46,286 shares at $98.17 per share price, according to the Form-4 filing with the securities and exchange commission.

PPG Industries Inc. (PPG) manufactures and distributes a range of coatings optical and specialty materials and glass products. The Company operates business through three segments: Performance Coatings Industrial Coatings and Glass. The Performance Coatings segment consists of the refinish aerospace architectural coatings-Americas and Asia Pacific architectural coatings-EMEA and protective and marine coatings operating businesses. It primarily supplies a range of protective and decorative coatings sealants and finishes along with paint strippers stains and related chemicals. The Industrial Coatings segment consists of the automotive original equipment manufacturer (OEM) coatings industrial coatings packaging coatings and the specialty coatings and materials operating businesses. The Glass segment consists of the flat glass and fiber glass businesses. It supplies flat glass and continuous-strand fiber glass products.

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