PPG Industries (NYSE:PPG) hit a new 52-week high Wednesday as it is currently trading at $119.87, above its previous 52-week high of $119.86 with 263,876 shares traded as of 10:56 a.m. ET. Average volume has been 886,400 shares over the past 30 days.
Editor's Note: TheStreet ratings do not represent the views of TheStreet's staff or its contributors. Ratings are established by computer based on metrics for performance (which includes growth, stock performance, efficiency and valuation) and risk (volatility and solvency). Companies with poor cash flow or high debt levels tend to earn lower ratings in our model. NEW YORK ( TheStreet) -- PPG Industries (NYSE: PPG) hit a new 52-week high Wednesday as it is currently trading at $119.87, above its previous 52-week high of $119.86 with 263,876 shares traded as of 10:56 a.m. ET. Average volume has been 886,400 shares over the past 30 days. PPG has a market cap of $17.73 billion and is part of the basic materials sector and chemicals industry. Shares are up 41.1% year to date as of the close of trading on Tuesday. PPG Industries, Inc. manufactures and supplies protective and decorative coatings. The company has a P/E ratio of 20.1, equal to the average chemicals industry P/E ratio and above the S&P 500 P/E ratio of 17.7.
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TheStreet Ratings rates PPG as a buy. The company's strengths can be seen in multiple areas, such as its solid stock price performance, growth in earnings per share, increase in net income, expanding profit margins and good cash flow from operations. We feel these strengths outweigh the fact that the company has had generally high debt management risk by most measures that we evaluated. You can view the full PPG Ratings Report. See all 52-week high stocks or get investment ideas from our investment research center. FREE from Real Money's Jim Cramer: Winners and Losers Election 2012 - Steps to take NOW so you can profit no matter who is in charge! Free download now.
Jefferies analysts note that recent construction spending data indicates a cycle rotation away from construction-exposed names and toward industrial- and durable goods-levered firms could be playing out.