PPG Industries announces earnings results

PPG Industries (NYSE:PPG) posted its quarterly earnings results on Thursday, reporting $1.67 EPS for the quarter.

The company had revenue of $4.10 billion for the quarter, compared to the consensus estimate of $4.16 billion. During the same quarter in the prior year, the company posted $1.42 earnings per share.

Several analysts have recently commented on the stock. Analysts at Deutsche Bank reiterated a “buy” rating and set a $129.00 price target (down previously from $255.00) on shares of PPG Industries in a research note on Thursday, July 9th. On a related note, analysts at Jefferies Group reiterated a “buy” rating and set a $135.00 price target (up previously from $130.00) on shares of PPG Industries in a research note on Friday, June 26th. Three analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. The company has a consensus rating of “Buy” and an average target price of $216.08.

Shares of PPG Industries opened at 116.98 on Thursday. PPG Industries has a one year low of $85.78 and a one year high of $118.95. The stock’s 50-day moving average is $115.77 and its 200-day moving average is $114.50. The company has a market cap of $31.80 billion and a price-to-earnings ratio of 28.02.