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Is this Large Market Cap Stock target price reasonable for PPG Industries, Inc. (NYSE:PPG)?

The company in question is, PPG Industries, Inc. (NYSE:PPG) currently with a stock price of 101.62 (-1.11% today). The market cap for PPG Industries, Inc. is 28567.28, and is in the sector Basic Materials, and Specialty Chemicals industry. The target price for PPG Industries, Inc. is 123.11. Currently PPG Industries, Inc. is trading with a P/E of 19.01, and a forward P/E of 15.08. Average volume for PPG Industries, Inc. is 1495.16 and so far today it is 90934.

Performance in the last year for PPG Industries, Inc. has been 7.84%. For EPS growth, PPG Industries, Inc. has seen a growth of 30.50%, and is looking to grow in the next year to 10.14%. More long term stats show that EPS growth has been 17.20% over the last five years and could be 8.87% for the next five years. PPG Industries, Inc. has seen sales growth quarter over quarter at -0.90%, with EPS growth quarter over quarter at 12.10%. The 20-day simple moving average is -3.71%, with the 200-day simple moving average coming to -1.72%.

Since the IPO date for PPG Industries, Inc. on the 4/6/1983, PPG Industries, Inc. has seen performance year to date to be 5.18%. With PPG Industries, Inc. trading at 101.62, the dividend yield is 1.56%, and the EPS is 5.41.

So could PPG Industries, Inc., be undervalued? Well as said before P/E is 19.01. The PEG is 2.14, P/S is 1.87 and the P/B is at 5.14. The P/cash is 17.12, with P/free cash flow at 38.24.

PPG Industries, Inc. ability to deal with debt shows that the current ratio is 1.6, and the quick ratio is 1.2. This is with long term debt/equity at 0.83, and total debt/equity at 0.96.

In terms of margins, PPG Industries, Inc. has a gross margin of 44.80%, an operating margin of 14.30% and a profit margin of 9.60%.Payout ratio for PPG Industries, Inc. is 27.20%. Return on assets come to 8.50% with return on investment coming to 15.80%.

Insider ownership for PPG Industries, Inc., is at 0.38% and institutional ownership comes to 74.40%. Outstanding shares are at 278. While shares float is 265.21. The float short is currently 1.16%, and short ratio is 2.06.

Disclaimer: Remember there is a risk to your investment, this is not a recommendation, nor personal advice, never invest more than you are able too loose.

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Tony Dabbs

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