PPG Industries, Inc. is a global leader in paints, coatings, and specialty materials, with a market cap of around $25 billion. The company serves various industries and operates across more than 70 countries worldwide.

Despite being a large-cap stock, PPG Industries has seen a 19.3% decrease in its stock from its 52-week high of $137.24. The stock has fallen 1.2% over the past three months, underperforming the Materials Select Sector SPDR Fund.

PPG stock is down 7.3% on a YTD basis and has declined 11.8% over the past 52 weeks. The stock has been trading below its 200-day moving average since last year, indicating a downward trend in its performance.

PPG Industries beat revenue expectations with $4.2 billion but saw a 5.3% drop in shares the next day due to profit falling to $450 million. Adjusted EPS of $2.22 matched estimates but declined from the prior-year quarter, with segment weakness in some areas.

Rival The Sherwin-Williams Company has outperformed PPG stock, with shares rising 5.9% on a YTD basis and dropping 3.7% over the past 52 weeks. Analysts are moderately optimistic about PPG’s prospects, with a consensus rating of “Moderate Buy” and a mean price target of $128.50.

On the date of publication, the author did not have positions in any of the securities mentioned. All information in the article is for informational purposes only.

Read more at Yahoo Finance: Is PPG Underperforming the Basic Materials Sector?