Considering 1.7 current ratio to its sector peers , might not be perfect , but are still more resilient than others . With a ton of ratings upgrades , analysts seem to be aggressive Brokerage firms continue to reiterate their present rating of NeutralProvided the broader market remains healthy PJ Juvekar form Citigroup expects PT of 127 reflecting raise of 11.4% from 114With 33.20% ROE, management seems more keen in utilizing the equity base which in turn gives a better return to investors .
Company management has been efficient in using its assets to generate earnings or it seems soyou know comparative with its profitability ratio and Basic Materials sector, return on assets has stayed low at 10.80%.
PPG Industries, Inc. is one of the stable Basic Materials companies in the world with consistency in financial performance, supported by current value of outstanding shares stand at $29607.54 MN .
Currently the Basic Materials index is trading at 4325.92 with -0.68 changeSupported by a up-down ratio of 0.93x, total MFI closed at $-108.79mn. With respect to block trades, money flow ended $-87.40mn with tick up at $311.83mn and tick down at $399.23mn led an up /down ratio of 0.78x.
PPG Industries, Inc. continues to bounce off of the 200-day MA with underlying strength at $108.06. Downside of company outperformance is that the company looks a little high for traders looking to buy new position right now.
And in measure at 24.77X its its sector seems discounted by up to -1.63. Estimated EPS supports boosted earnings above current PE of 23.14, and with thiscompany forward PE growth of 17.49 suggest further growth rerating potential.
It is important to acknowledge that the past 12 months PE has been below 17.49 forward PE rate , and Based on slow down of P /E and subsequent PE returns over the forward fiscal prices are set to trade in overvalued region .
Markets indicate current assets will be sufficient to meet the PPG Industries, Inc. debt as and when they become due , considering PPG Industries, Inc. level of QA to current liabilities is at 1.3.
Charts show negative reversals with rsi 53.77 signaling of the downtrend, company moving through RSI indicates reversal of trend in no trade zone and its recommended to be traded with trailing stop losspartial profit booking.
Forecast indicate in line five year period growth of 9.57% compared to current 23.14 PE. Thought not desirable , since the firm is in distinct growth phase , down turn in EPS of -56.90% may not last long term ..
With solid Market-to-Book ratio at 5.05 company is in positive position to clear debts. Estimated PEG over the next 12 months indicate asset is high relative to its growth by 2.42x .
At 1.6% swing rate business is much less strained than the underlying price . Firm is trading at its short-term resistance line by 23.87%, and the massive volume is also a positive trend and can be a fail safe upward-breakouts . As the trade near 52w high traders may show increased interest as price nears either the high or the lows.