PPG Industries to Launch Mineral Series Color Line at METALCON

PPG Industries Inc. PPG recently announced that it will unveil its latest color series for PPG DURANA MXL and PPG DURABRIT metal coatings at METALCON 2019. The company is one of the two premier sponsors for the event, that is slated to be held in Pittsburgh, PA, from Oct 16 through Oct 18.

The company will exhibit its new Mineral Series color line that offers fresh design options for architects. These designs will blend into urban landscapes seamlessly, with semi-transparent earth tones, which have a muted glow on exposure to sunlight. Per PPG, development of the Mineral Series will provide architects and designers a new palette and enable them to transform the future prospects of building design. Also, the new colors will provide on-trend visual appeal without compromising durability or corrosion performance.

PPG will also display its PPG DURASTAR and PPG DURAFORM coatings at the show, both engineered to meet American Architectural Manufacturers Association (AAMA) 2604 specifications for light metal construction.

PPG is also set to sponsor the "Finding Strength in Teamwork & Diversity" keynote address by former PITTSBURGH PENGUINS and NHL legend Bryan Trottier on Oct 16. Trottier will share his thoughts on the importance of leadership, the uniqueness and strength of teams, and the benefits of diverse thinking, perspectives and experience in an organization, apart from sharing his personal and professional journey.

PPG shares have rallied around 1.2% in the past three months compared with the roughly 4.9% fall recorded by the industry.

The company is focused on recovering its operating margins. PPG expects the momentum to continue as it has been working with customers and suppliers to mitigate the negative impact of raw-material cost inflation.

The company continues to manage costs amid challenging business environment. It delivered around $20 million of cost savings in the second quarter. The company is also committed to cash deployment in order to boost shareholders’ value over the long term.

PPG Industries, Inc. Price and Consensus

PPG Industries, Inc. Price and Consensus

PPG Industries, Inc. price-consensus-chart | PPG Industries, Inc. Quote

Zacks Rank & Key Picks

At present, PPG carries a Zacks Rank #4 (Sell).

Some better-ranked stocks in the basic materials space are Kinross Gold Corporation KGC, AngloGold Ashanti Limited AU and Alamos Gold Inc AGI, each sporting a Zacks Rank #1 (Strong Buy), currently. You can see the complete list of today’s Zacks #1 Rank stocks here.

Kinross has an estimated earnings growth rate of 170% for the current year. The company’s shares have rallied nearly 58.6% in a year’s time.

AngloGold has a projected earnings growth rate of 154.7% for 2019. Its shares have surged around 97.8% over the past year.

Alamos Gold has an estimated earnings growth rate of a whopping 340% for the ongoing year. The company’s shares have appreciated 15.7% in a year’s time.

Breakout Biotech Stocks with Triple-Digit Profit Potential

The biotech sector is projected to surge beyond $775 billion by 2024 as scientists develop treatments for thousands of diseases. They’re also finding ways to edit the human genome to literally erase our vulnerability to these diseases.

Zacks has just released Century of Biology: 7 Biotech Stocks to Buy Right Now to help investors profit from 7 stocks poised for outperformance. Our recent biotech recommendations have produced gains of +98%, +119% and +164% in as little as 1 month. The stocks in this report could perform even better.

See these 7 breakthrough stocks now>>

Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
PPG Industries, Inc. (PPG): Free Stock Analysis Report
Kinross Gold Corporation (KGC): Free Stock Analysis Report
Alamos Gold Inc. (AGI): Free Stock Analysis Report
AngloGold Ashanti Limited (AU): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

More Related Articles

Sign up for Smart Investing to get the latest news, strategies and tips to help you invest smarter.