Stock Buybacks
By The Online Investor Staff, updated Tue., Apr. 23, 3:39 PM
This Slide: #7 of 25 |
Slide #7. PPG
Company:
PPG (NYSE:PPG)
$Amount Authorized:
$2,500,000,000
Buyback Details:
PPG (NYSE:PPG) today announced that its board of directors has authorized the repurchase of $2.5 billion of outstanding common stock. The authorization is effective immediately, does not expire, and gives management discretion in determining the conditions under which shares may be purchased.
PPG Industries manufactures and distributes a range of paints, coatings and specialty materials. Co.'s business is comprised of two reportable business segments: Performance Coatings and Industrial Coatings. The Performance Coatings segment primarily supplies a variety of protective and decorative coatings, sealants and finishes, along with paint strippers, stains and related chemicals, pavement marking products, transparencies and transparent armor. The Industrial Coatings is comprised of the automotive original equipment manufacturer coatings, industrial coatings, packaging coatings, and the specialty coatings and materials operating segments.
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Buy (3.09 out of 4) 35th percentile
(ranked lower than approx. 65% of all stocks covered)
Analysts' Target Price: PPG Stock Forecast Based on Zacks ABR data; powered by Xignite |