FMP
Sep 22, 2022 10:52 AM - Davit Kirakosyan
Berenberg Bank analysts lowered their price target to $127 from $140 on PPG Industries, Inc. (NYSE:PPG), expecting further volume deterioration into H2/22 with a slowdown in construction activity across Europe and lockdowns in China persisting for longer than anticipated.
The analysts see downside risk to Q3/22 adjusted EPS, expecting it to be $1.70, compared to the company’s guidance of $1.75-2.00.
The analysts highlighted that the chemicals companies pointed to a much weaker development in the European construction market at the Berenberg Food Ingredients and Chemicals Conference last week. They also believe a profit warning from US-based Eastman last week owing to slower activity in Asia reads quite negatively for coatings producers such as PPG.
With an estimated 4.2% decline in volumes in Q3 and a 5% FX headwind owing to USD strength, the analysts do not expect a meaningful margin recovery in the quarter. However, they think that, for 2023, the Street may be underappreciating the upside from raw materials normalization owing to lower demand.
Sep 11, 2023 - Rajnish Katharotiya
During this post we are going to perform an industry analysis with Python. We will build, analyse and compare all stocks operating within an industry. To do so, we will pick an industry and get all important financial metrics for companies operating in that industry. Then, we will use a couple of fi...
Sep 11, 2023 - Rajnish Katharotiya
Price to Earnings is one of the key metrics use to value companies using multiples. The P/E ratio and other multiples are relative valuation metrics and they cannot be looked at in isolation. One of the problems with the P/E metric is the fact that if we are in the peak of a business cycle, earni...
Sep 11, 2023 - Rajnish Katharotiya
Would you like to know how your portfolio is performing and how much risk you are taking? In this post, you will learn how to measure portfolio risk and calculate portfolio returns using Python. We will see step by step how to calculate the risk and returns of a portfolio containing four stocks Appl...