PPG Industries Gets a Hold Rating from Seaport Global

By Ryan Adsit

Seaport Global analyst Justin Cable reiterated a Hold rating on PPG Industries (NYSE: PPG) today and set a price target of $120. The company’s shares closed yesterday at $111.77.

According to TipRanks.com, Cable is a 4-star analyst with an average return of 13.9% and a 55.6% success rate. Cable covers the Basic Materials sector, focusing on stocks such as Enterprise Products Partners LP, Peabody Energy Corporation Comm, and Noble Midstream Partners LP.

PPG Industries has an analyst consensus of Hold, with a price target consensus of $123.44.

PPG Industries’ market cap is currently $28.07B and has a P/E ratio of 17.73. The company has a book value ratio of 5.0511.

Based on the recent corporate insider activity of 20 insiders, corporate insider sentiment is negative on the stock.

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PPG Industries, Inc. engages in the manufacture and distribution of coatings, specialty materials, and glass products. It operates through the following business segments: Performance Coatings, Industrial Coatings, and Glass. The Performance Coatings segment comprises of the refinish, aerospace, protective and marine, and architectural coatings businesses.