JPMorgan Expects Profit Gains for PPG Industries
April 25, 2023
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The company’s potential for increased profits is thought to be the driving factor behind the investment banking firm’s decision. The investment firm believes that PPG ($NYSE:PPG) Industries will benefit from their wide variety of products, as well as their strong customer relationships. The fact that the company’s products are well diversified allows them to remain relatively unaffected by market changes, and their customer relationships provide them with a steady stream of income. With the potential for increased profits, JPMorgan expects the company to continue to perform well in the future. PPG Industries is a global leader in paints, coatings, and specialty materials, and their strong presence in these markets has led to increased profits in recent years.
Their performance has been further bolstered by their commitment to customer service and innovation, as well as their ability to produce cost-effective solutions. These factors are expected to lead to continued growth for PPG Industries in the coming years.
Market Price
Monday was a good day for PPG Industries, as their stock opened at $145.0 and closed at $143.0, up 0.7% from the previous closing price of $142.0. This positive gain in stock comes after news from JPMorgan that they expect to see profit gains for PPG Industries in the upcoming quarters. With market reactions already affecting the stock prices positively, it is likely that this increase in profits could push PPG Industries’ stock prices even higher. As they continue to focus on expanding their portfolio of products and services, the goal of increasing their profits should become more achievable in the near future. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Ppg Industries. More…
| Total Revenues | Net Income | Net Margin |
| 17.72k | 1.27k | 7.1% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Ppg Industries. More…
| Operations | Investing | Financing |
| 1.35k | -461 | -409 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Ppg Industries. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 20.74k | 14.04k | 25.67 |
Key Ratios Snapshot
Some of the financial key ratios for Ppg Industries are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 6.0% | -2.6% | 10.4% |
| FCF Margin | ROE | ROA |
| 5.8% | 17.6% | 5.6% |
Analysis
At GoodWhale, we conducted an analysis of PPG INDUSTRIES‘s wellbeing. After conducting a comprehensive assessment of the company’s financial and business aspects, we have concluded that the risk rating is medium. There is one risk warning detected in the balance sheet which can be further evaluated by registering with us to understand the implications. Our team of experienced researchers works hard to provide an accurate and up-to-date risk rating for all the companies we analyze. We are committed to providing the best possible advice and guidance to our clients. More…
Peers
PPG Industries Inc and its competitors Trinseo PLC, LyondellBasell Industries NV, Covestro AG are all engaged in a fierce competition to be the leading chemical company globally. All four companies have their own unique strengths and weaknesses, and each is trying to gain an edge over the others. The competition between these companies is expected to heat up even further in the coming years.
– Trinseo PLC ($NYSE:TSE)
Trinseo PLC is a global materials company with a market cap of 630.21M as of 2022. The company has a strong focus on sustainability and is committed to being a force for good in the world. Trinseo’s products are used in a wide variety of applications, including automotive, consumer electronics, and construction. The company has a strong focus on research and development, and is constantly innovating to bring new and better products to market. Trinseo’s return on equity is 20.36%.
– LyondellBasell Industries NV ($NYSE:LYB)
LyondellBasell Industries NV is a Netherlands-based company engaged in the production of chemicals and polymers. The Company’s product portfolio includes olefins and polyolefins, and a range of derived products. LyondellBasell Industries NV, through its subsidiaries, operates in Europe, the United States, Asia Pacific, the Middle East and Africa.
– Covestro AG ($OTCPK:COVTY)
Covestro AG is a world-leading producer of high-performance polymers. The company’s innovative and sustainable products are used in a wide range of industries, from construction and electronics to sports and leisure. Covestro is headquartered in Leverkusen, Germany, and has around 16,800 employees worldwide. The company’s market cap is 6.67B as of 2022, and it has a return on equity of 14.83%. Covestro is a publicly traded company on the Frankfurt Stock Exchange.
Summary
JPMorgan has upgraded PPG Industries‘ rating to ‘Overweight’ due to the potential for increased profits. They believe that PPG Industries’ current performance and recent initiatives present an attractive opportunity for investors. JPMorgan analysts anticipate that the company’s existing cost-cutting measures and strong portfolio of products will result in higher profits in the near future.
They are also optimistic about PPG Industries’ ability to remain competitive, given their position in a number of industries, such as paint, coatings, and glass. Investors may find PPG Industries to be a worthwhile investment opportunity due to its potential for increased profits.
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