Atlantic Equities Upgrades PPG Industries to Overweight

Brokerage firm Atlantic Equities Upgrades its rating on PPG Industries(PPG). The shares have been rated Overweight. Previously, the analysts had a Neutral rating on the shares. The rating by the stock financial advisor at Atlantic Equities was issued on Mar 15, 2017 in a research report to their Investors and Clients.

In a different note, On Mar 9, 2017, Wells Fargo said it Downgrades its rating on PPG Industries. The shares have been rated ‘Market Perform’ by the firm. Evercore ISI Group said it Initiates Coverage On PPG Industries, according to a research note issued on Feb 14, 2017. In the research note, the firm Announces the price-target to $117 per share. The shares have been rated ‘Buy’ by the firm. 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.

PPG Industries (PPG) made into the market gainers list on Fridays trading session with the shares advancing 0.84% or 0.87 points. Due to strong positive momentum, the stock ended at $104.49, which is also near the day’s high of $105. The stock began the session at $104.39 and the volume stood at 29,72,931 shares. The 52-week high of the shares is $117 and the 52 week low is $89.64. The company has a current market capitalization of $26,818 M and it has 25,66,59,170 shares in outstanding.

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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