Company Update: PPG Industries Inc (NYSE:PPG) – PPG to increase precipitated silica production capacity in North America

[Business Wire] – PPG Industries announced today that it is increasing precipitated silica production capacity at its Lake Charles, Louisiana, manufacturing plant by more than 10,000 tons per year in response to growing demand. Read more on this. PPG Industries, Inc. (PPG) , valued at $26.32B, started trading this morning at $95.07. Looking at today’s market, PPG one day range is $94.86 to $97.14 with its 52-week range being $82.93 to $118.95. PPG shares are currently priced at 16.95x this year’s forecasted earnings, which makes them relatively expensive compared to the industry’s 7.82x earnings multiple. And for dividend hunters, the company pays shareholders $1.44 per share annually in dividends, yielding 1.46%. Consensus earnings for the current quarter by the 19 sell-side analysts covering the stock is an estimate of $1.23 per share, which would be $0.17 better than the year-ago quarter and a $0.00 sequential decrease. The full-year EPS estimate is $5.69 which would be a $0.81 improvement than last year’s full-year earnings. 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. In terms of ratings, 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 $118.65, which is 24.80% above where the stock opened this morning. See more in (NYSE:PPG) Similar Articles: Company Update: PPG Industries Inc (NYSE:PPG) – PPG Reports Third Quarter Sales and Earnings Company Update: PPG Industries Inc (NYSE:PPG) – PPG Marks 30 Years of Coatings Application Development at Flint, Michigan, Center Company Update: PPG Industries Inc (NYSE:PPG) – PPG Completes Colorful Communities Project in Cieszyn, Poland