PPG Industries (NYSE:PPG) Target Raised by Bank of America Co. to $188.00

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PPG Industries stock has undergone multiple analysts rating changes in the recent past.  Union Pacific stock Target Raised by Bank of America Co. on 10/22/2021. In a note to investors, the firm issued a new target price of $188.00. The analysts previously had $185.00 target price. Bank of America Co.’s price target would indicate a potential upside of 15.56% from the stock’s previous close.

Shares of Union Pacific traded down -$3.32 on friday, reaching $161.72. 1543685 shares of the stock traded hands, compared to its average volume of 1275535. On friday, Shares of Union Pacific closed at $161.72. The firm’s 50 day moving average is $154.71 and its 200 day moving average is $158.45.Union Pacific  has a 12 month low of $123.52 and a 12 month high of $182.97. While on yearly highs and lows, Union Pacific today has traded high as $164.95 and has touched $161.52 on the downward trend.

Union Pacific Earnings and What to expect: 

PPG Industries last posted its earnings results on October 19th, 2021. The specialty chemicals company reported $1.69 earnings per share for the quarter, topping the consensus estimate of $1.59 by $0.10. The business earned $4.37 billion during the quarter, compared to the consensus estimate of $4.25 billion. Its revenue was up 18.6% compared to the same quarter last year. PPG Industries has generated $5.70 earnings per share over the last year ($6.38 diluted earnings per share) and currently has a price-to-earnings ratio of 25.3. Earnings for PPG Industries are expected to grow by 21.97% in the coming year, from $7.19 to $8.77 per share. PPG Industries has not formally confirmed its next earnings publication date, but the company’s estimated earnings date is Thursday, January 20th, 2022 based off prior year’s report dates.

Earnings for PPG Industries are expected to grow by 21.97% in the coming year, from $7.19 to $8.77 per share. The P/E ratio of PPG Industries is 25.35, which means that it is trading at a more expensive P/E ratio than the market average P/E ratio of about 15.24. The P/E ratio of PPG Industries is 25.35, which means that it is trading at a more expensive P/E ratio than the Basic Materials sector average P/E ratio of about 16.44. PPG Industries has a PEG Ratio of 1.00. PEG Ratios around 1 indicate that a company is correctly valued. PPG Industries has a P/B Ratio of 6.57. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

Union Pacific (NYSE:PPG) Moving Average Technical Analysis

5 day Moving Average is $$160.70 And 5 day price change is $1.42 (0.89%)  with average volume for 5 day average is 1,781,020. While technical analysis for average 20 days shows significant difference, 20 day moving average is  $152.34 and 20 day price change is $13.14 (8.84%) and average 20 day moving volume is 1,385,510. 50 day moving average is $154.71  and 50 day price change is -$8.67 ( -5.09%)  and with average volume for 50 days is : 1,203,106. 200 day moving average is $158.45  and 200 day price change is $10.89 (7.22%)  and with average volume for 200 days is : 1,312,531.

Other owners latest trading in PPG Industries :

  • On 10/22/2021 shares held by Ferguson Wellman Capital Management Inc. were 147,113 which equates to market value of $21.04M and appx 0.70% owners of PPG Industries
  • On 10/22/2021 shares held by Global Retirement Partners LLC were 1,735 which equates to market value of $0.25M and appx 0.00% owners of PPG Industries
  • On 10/22/2021 shares held by Tompkins Financial Corp were 270 which equates to market value of $39K and appx 0.00% owners of PPG Industries
  • In total Institutional ownership equates to Institutional Ownership Percentage: 78.88% for PPG Industries

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