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Stock Update (NYSE:PPG): Fiat Chrysler Automobiles Names PPG ‘Sustainability Supplier of the Year’

[Business Wire] – PPG announced it has been named Sustainability Supplier of the Year by the Fiat Chrysler Automobiles Group for its Europe, Middle East and Africa region. Read more on this. PPG Industries, Inc. (PPG) , currently valued at $25.34B, started trading this morning at $93.29. Shares have traded today between $92.44 and $94.04 per share with a one year range of $82.93 to $118.95. Priced at 14.81x this year’s forecasted earnings, PPG shares are relatively expensive compared to the industry ’s 4.71x forward p/e ratio. The company pays shareholders $1.44 per share in dividend income per year, for a current yield of 1.58%. According to a consensus of 19 analysts, the earnings estimate of $1.30 per share would be $0.11 better than the year-ago quarter and a $0.05 sequential decrease. Investors should also note that the full-year EPS estimate of $6.25 is a $0.56 better when compared to the previous year’s annual results. The quarterly earnings estimate is based on a consensus revenue forecast of the current quarter of $3.68 Billion. If realized, that would be a 0.55% increase over the year-ago quarter. More recently, Seaport Global Securities Initiated PPG at Accumulate (Jan 5, 2016). Previously, UBS upgraded PPG from Neutral to Buy. When considering if the stock is under or overvalued, the average price target is $115.47, which is 23.78% above where the stock opened this morning. See more in (NYSE:PPG) Similar Articles: Stock Update (NYSE:F): Technical Analysis on Auto Manufacturers – Major Equities — Ford Motor, General Motors, Fiat Chrysler Automobiles, and Tesla Motors Stock Update (NYSE:PPG): PPG Marks Completion of $20 Million Electrocoat Center at Zhangjiagang, China, Facility Market Update (NYSE:PPG): PPG to Announce Fourth Quarter and Full-Year 2015 Results Jan. 21, 2016
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