In today’s session PPG Industries, Inc. (PPG) registered an unusually high (358) contracts volume of call trades. Someone, most probably a professional was a very active buyer of the February, 2017 call, expecting serious PPG increase. With 358 contracts traded and 11374 open interest for the Feb, 17 contract, it seems this is a quite bullish bet. The option with symbol: PPG170217C00100000 closed last at: $2.2 or 18.9% up. About 422,323 shares traded hands. PPG Industries, Inc. (NYSE:PPG) has declined 14.79% since April 8, 2016 and is downtrending. It has underperformed by 20.44% the S&P500.
PPG Industries, Inc. (NYSE:PPG) Ratings Coverage
Out of 14 analysts covering PPG Industries (NYSE:PPG), 10 rate it a “Buy”, 0 “Sell”, while 4 “Hold”. This means 71% are positive. $131 is the highest target while $100 is the lowest. The $114.30 average target is 17.10% above today’s ($97.61) stock price. PPG Industries has been the topic of 21 analyst reports since September 6, 2015 according to StockzIntelligence Inc. The stock has “Neutral” rating given by Goldman Sachs on Friday, October 21. The firm has “Buy” rating given on Sunday, September 6 by Deutsche Bank. The rating was reinitiated by Credit Suisse with “Outperform” on Tuesday, March 22. The stock has “Outperform” rating given by CLSA on Friday, May 6. The company was upgraded on Thursday, June 23 by Longbow. The stock has “Buy” rating given by Goldman Sachs on Monday, October 12. The firm earned “Hold” rating on Tuesday, October 25 by Argus Research. The stock of PPG Industries, Inc. (NYSE:PPG) earned “Buy” rating by Seaport Global on Tuesday, July 26. The firm has “Outperform” rating given on Tuesday, September 8 by RBC Capital Markets. The rating was upgraded by UBS to “Buy” on Friday, October 16.
According to Zacks Investment Research, “PPG Industries, Inc. is comprised of three following basic business segments: coatings, glass and chemicals. Areas in which resources have been focused are automotive original, refinish, industrial, aerospace, packaging, and architectural coatings; flat glass, automotive original and replacement glass, aircraft transparencies, continuous-strand fiber glass; and chlor-alkali and specialty chemicals.”
Insitutional Activity: The institutional sentiment increased to 1.16 in Q2 2016. Its up 0.02, from 1.14 in 2016Q1. The ratio improved, as 53 funds sold all PPG Industries, Inc. shares owned while 226 reduced positions. 69 funds bought stakes while 254 increased positions. They now own 189.57 million shares or 4.05% less from 197.56 million shares in 2016Q1.
Kcm Invest Advsr Limited Liability Corporation has 0.03% invested in the company for 4,175 shares. The Washington-based Fisher Asset Management Ltd Co has invested 0% in PPG Industries, Inc. (NYSE:PPG). Burnham Asset Management Ny reported 3,200 shares or 0.09% of all its holdings. Amalgamated Bancorp has 23,706 shares for 0.14% of their US portfolio. Nomura Asset Ltd has 32,291 shares for 0.06% of their US portfolio. Verity Verity Limited Liability Co last reported 36,026 shares in the company. Ivory Investment Mngmt Limited Liability Corp accumulated 0.48% or 167,328 shares. Hyman Charles D, a Florida-based fund reported 4,200 shares. Mitsubishi Ufj And Banking Corporation accumulated 574,107 shares or 0.13% of the stock. Zacks Management last reported 0.23% of its portfolio in the stock. Capstone Asset Mgmt has 0.09% invested in the company for 29,148 shares. Penobscot Inv Communications has 0.15% invested in the company for 4,020 shares. King Luther Cap Management holds 2,740 shares or 0% of its portfolio. Morgan Stanley holds 0.03% or 915,513 shares in its portfolio. Genesee Valley Tru holds 0.77% of its portfolio in PPG Industries, Inc. (NYSE:PPG) for 11,389 shares.
Insider Transactions: Since July 26, 2016, the stock had 0 buys, and 2 insider sales for $5.33 million net activity. 40,950 shares were sold by SEKMAKAS VIKTORAS R, worth $4.37 million. Shares for $967,931 were sold by KNAVISH TIMOTHY M.
PPG Industries, Inc. manufactures and distributes a range of coatings, specialty materials and glass products. The company has a market cap of $25.92 billion. PPG operates through three business divisions: Performance Coatings, Industrial Coatings and Glass. It has a 32.82 P/E ratio. The Performance Coatings segment consists of the refinish, aerospace, protective and marine, architectural-Americas and Asia Pacific, and architectural-EMEA coatings businesses.
PPG Company Profile
PPG Industries, Inc. (PPG), incorporated on August 24, 1883, makes and distributes a range of coatings, specialty materials and glass products. PPG operates through three business divisions: Performance Coatings, Industrial Coatings and Glass. PPG is a global supplier of coatings. The Performance Coatings and Industrial Coatings divisions supply coatings and specialty materials for clients in a range of end-use markets, including industrial equipment, appliances and packaging; factory-finished aluminum extrusions and steel and aluminum coils; marine and aircraft equipment; automotive original equipment (automotive OEM), and other industrial and consumer products. In addition to supplying coatings to the automotive OEM market, PPG supplies refinishes to the automotive aftermarket. PPG also serves commercial and residential new build and maintenance markets by supplying coatings to painting and maintenance contractors and directly to clients for decoration and maintenance.
More recent PPG Industries, Inc. (NYSE:PPG) news were published by: Nasdaq.com which released: “Ex-Dividend Reminder: PPG Industries, Olin and Neenah Paper” on November 04, 2016. Also Valuewalk.com published the news titled: “Dividend Aristocrats In Focus Part 7: PPG Industries, Inc. (PPG)” on October 21, 2016. Nasdaq.com‘s news article titled: “PPG Industries to Showcase Coatings at Metalcon 2016” with publication date: October 13, 2016 was also an interesting one.
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