PPG Industries stock: buy or sell
Jan 27th, 2021
PPG Industries stock brief
- PPG Industries closed on Tuesday at $141.01 after scarcely moving a 0.29% breaking a streak of 6 sessions in red.
- Last Thursday, PPG Industries released its Q4 earnings report
- Bank of America published a strong buy rating for PPG Industries on Tuesday, with a target of $160.00
- PPG Industries, Inc. manufactures and distributes paints, coatings, and specialty materials worldwide.
Should I buy PPG Industries stock?
All successful traders recommend adhering to a trading strategy and not make decisions based on subjective opinions, rumors or feelings. Trading strategies are meant for helping you in the decision process of what stocks to pick and when is the best moment to buy them. At Stocks2.com, we like to use very simple but trusted and powerful trend following trading strategies. Simple things usually work the best
Is $PPG stock a buy?
Currently, PPG Industries stock doesn't match any of these trading strategies, so our recommendation is not to buy now. This doesn't mean $PPG will slide in coming sessions, or it will not rise higher. Simply, it doesn't match our recommended trading systems
Should I sell PPG Industries stock?
"To sell or not to sell", if you are holding PPG Industries stock?. Trading strategies prevent us from making rash decisions based on our sentiments or the noise surrounding the market. Our trading system selects very simple strategies to guide us on when is a good moment to sell a stock. Be aware that these strategies are not intended for shorting PPG Industries stock
As a rule of thumb, you should never mantain a trading operation that generates higher than expected losses by the time of purchase. When to sell your stock must always be ruled by the stop-loss (automatic or manual)
Is it time to sell PPG Industries stock?
Currently, PPG Industries stock doesn't match any of our preferred sell setups, so if you own PPG Industries stock and your operation is in profit probably is not time to sell now
PPG Industries ratings
In the last 30 days, 5 brokerage ratings were published for PPG Industries. General sentiment is bullish, with 5 out of 5 publishing optimistic forecasts
|Jan 14th, 2021|
|Berenberg Bank|| Neutral → |
|Jan 25th, 2021|
|Deutsche Bank Aktiengesellschaft|| |
|Robert W. Baird||Buy|
|Vertical Research|| Neutral → |
|Jan 26th, 2021|
|Bank of America|| Neutral → |
PPG Industries stock analysis
Supports and resistances
The current resistances are:
The current support levels are:
Since the price surpassed the upper band on January 13, the price has been corrected downwards by 7.87%. Since the price broke down the lower band last Friday, the price bounced off by 2.51%. The price is trading near to the lower Bollinger band, indicating some level of oversold in recent sessions. This is not a buy point, as price can move in these levels for many days and weeks
Relative strength index
The has been between the the levels of 30 and 70 for many weeks, and therefore, without this indicator really serving to help us make any decisions.
PPG Industries stock price history
PPG Industries started trading priced at an adjusted price1 of $0.00 on Mar 1980. Since then, PPG stock surged by -, with an average of 0.00% per year. An investment of $1,000USD at that time would have a value of $inf today.
1: Adjusted price after possible price splits or reverse-splits
Price target for PPG Industries stock
Nobody knows how much a stock will be priced in the future. Banks and financial organisations publish their analysis forecasting how a particular stock will performance in the future.
Along with buy or sell recommendations, brokerage institutions release their price estimates based on the stock price action and the company fundamental data. Most of these predictions follow the release of new fundamental data by the company, and usually. Again, these predictions are not direct recommendations for individual investors and must not be trusted blindly.
The average price target for PPG Industries stock calculated from the table below is $161.25. That is a 14.35% than the last price ($141.01).
|Brokerage firm||Price target|
|Jan 14th, 2021|
|Berenberg Bank||$135.00 → $165.00|
|Jan 25th, 2021|
|Deutsche Bank Aktiengesellschaft||$165.00 → $160.00|
|Robert W. Baird||$150.00 → $160.00|
|Vertical Research||Not available|
|Jan 26th, 2021|
|Bank of America||$160.00|
Earnings and financials
Last Thursday, PPG Industries, Inc. ($PPG) posted adjusted EPS for that matched Market expectations. Quarterly EPS was $1.59 per share instead of $1.58. Company's revenue resulted of $3.8 billion in contrast to $3.6 billion estimated by market consensus.This compares to Earnings of $1.31 per share same quarter last year, so current EPS is an improvement of 21.37%. Revenue slightly moved on an annualized basis in the , from $36.7B to $37.6B last quarter.
PPG Industries ($PPG) is hosting the earnings call next April. Wall Street expects of $1.47, compared to previous quarter that was $1.59.
PPG Industries performance
|PPG Industries ($PPG)||-1.90%||6.80%||29.50%|
Important note:The opinions given in this article are personal and should not be followed as recommendations for you to buy or sell stocks. The author of this document does not have an understanding of the particular circumstances of the reader, his or her own financial statements or his or her own best interests at any given time. All users should speak with their financial advisor before buying or selling any securities Comments are published for informational reasons only
PPG Industries summary
|Tuesday, January 26th, 2021|
|Day range||$140.65 - $143.25|
|Average true range||$5.33|
|50d mov avg||$145.16|
|100d mov avg||$136.99|
|200d mov avg||$120.27|
|Earnings date||April 26th, 2021|