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Stock Update (NYSE:PPG): PPG Completes First 11 COLORFUL COMMUNITIES Projects in 2015

[Business Wire] – PPG Industries announced that it has completed 11 projects around the world since launching the COLORFUL COMMUNITIES™ initiative in May as part of its global charitable efforts, and it has initiated four additional projects slated for completion in 2016. Read more on this. PPG Industries, Inc. (PPG) , with a current value of $26.44B, started trading this morning at $97.99. Looking at today’s market, PPG one day range is $96.79 to $101.74 and has traded between $82.93 and $118.95 over the past 12 months. PPG Industries (PPG) shares are currently priced at 17.61x this year’s forecasted earnings, which makes them relatively expensive compared to the industry’s 9.26x earnings multiple for the same period. The company pays shareholders $1.44 per share annually in dividends, yielding 1.46%. According to a consensus of 18 analysts, the earnings estimate of $1.22 per share would be $0.16 better than the year-ago quarter and a $0.02 sequential decrease. Investors should also note that the full-year EPS estimate of $5.69 is a $0.81 improvement when compared to the previous year’s annual results. The quarterly earnings estimate is predicated on a consensus revenue forecast of $3.76 Billion. If reported, that would be a 1.35% increase over the year-ago quarter. More recently, RBC Capital Mkts Initiated PPG at Outperform (Oct 9, 2014). Previously, Robert W. Baird Initiated PPG at to Outperform. The average price target for PPG shares by the analysts covering the stock is $118.13, which is 20.55% above where the stock opened this morning. See more in (NYSE:PPG) Similar Articles: Stock Update (NYSE:PPG): PPG Completes COLORFUL COMMUNITIES Project in Clayton, Victoria, Australia Company Update: PPG Industries Inc (NYSE:PPG) – PPG Completes Colorful Communities Project in Cieszyn, Poland Market Update (NYSE:PPG): PPG Extends ‘Colorful Communities’ Program to China
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