Home Sectors Basic Materials Present Technicals: PPG Industries (NYSE: PPG)

Present Technicals: PPG Industries (NYSE: PPG)

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PPG Industries trades as part of the chemicals industry and is part of the basic materials sector. PPG Industries Inc is engaged in manufacturing and distributing coatings, specialty materials and glass products. It sells its products to a wide variety of end users, including the automotive, aerospace, construction, and industrial markets.

Previous Intraday Trading Performance:

The PPG stock showed a previous change of -0.13% with an open at 105.41 and a close of 104.72. It reached an intraday high of 105.41 and a low of 104.53.

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Liquidity:

The stock has a market cap of $25.1b with 239.9m shares outstanding, of which the float is 238.4m shares. Trading volume reached 747,971 shares compared to its average volume of 1,397,988 shares. Based on the current average volume and close price, the trading liquidity is good.

Historical Trading Performance:

Over the last five trading days, PPG Industries shares returned -2.14% and in the past 30 trading days it returned 3.45%. Over three months, it changed -0.65%. In one year it has changed -6.56% and within that year its 52-week high was 118.62 and its 52-week low was 94.37. PPG stock is 10.97% above its 52 Week Low.

Our calculations show a 200 day moving average of 105.00 and a 50 day moving average of 103.04. Currently PPG stock is trading -0.26% below its 200 day moving average and may be a good opportunity to buy, but should check other indicators to confirm a buy signal.

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Earnings:

The last annual fiscal EPS for the company was reported at 5.89 that ended on 31st of December 2018, which according to the previous close, that is a PE of 19.14. Based on 10 analyst estimates, the consensus EPS for the next quarter is 1.09. The TTM EPS is 5.89, which comes to a TTM PE of 17.78. Historically, the PE high was 36.80 and the PE low was 7.80. If the stock reached its PE low, that would represent a price of 45.94, which is a decrease of -56.13%.

The following are the last four quarter reported earnings per share:
12-31-2018:  1.15
09-30-2018:  1.45
06-30-2018:  1.90
03-31-2018:  1.39

The dividend per share is currently 1.92, which is a dividend yield of 1.83%. Also, the payout ratio is 32.60%, therefore the dividend is safe according to our calculations.

Base on our calculations, the intrinsic value per share is 80.19, which means it may be overvalued by -30.59%

Indicators to Watch:

Based on the latest filings, there is 0.60% of insider ownership and 121.20% of institutional ownership. Short-interest is 6,868,287, which is 2.86% of shares outstanding. The short-interest ratio or days-to-cover ratio is 4.72. This stock has some short interest, but it may be normal and no cause for concern if long the position.

The current calculated beta is 1.18

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Fundamental Indicators:

Based on last reported financials, the company’s return on assets is 8.11%, profit margin is 8.83%, price-to-sales is 1.64 and price-to-book is 5.05.

Company Scores:

All scores are out of six:
 1  :Valuation Score
 3  :Past Performance Score
 3  :Financial Strength Score
 2  :Future Growth Score
 5  :Dividend Score
 2  :Overall Score

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John Jones
Worked for several Wall Street firms: Salomon Smith Barney, UBS, and Charles Schwab. Has developed skills and gained extensive experience over the years that is used today to uncover winning penny stocks.Also was an attorney for small businesses in Scottsdale, Arizona. That experience and understanding of law provides a unique perspective and edge in discovering quality companies in various industries.

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