PPG Industries To Unveil Latest Product At SID Display Week

PPG Industries Inc. (NYSE:PPG) will showcase a spray-on anti-fingerprint coating at the Society for Information (SID) Display Week 2018 to be held at the Los Angeles Convention Center from May 22-24. Along with this, the company will exhibit its full line of advanced transparent and conducive coatings for display glass and plastic substrates.

The new product features a patent-pending alkoxy-silane formula developed exclusively by the company. The proprietary material equips touchscreens with hydrophilic (water-absorbing) and hydrophobic (water-repelling) properties, which result in greater adhesion for better durability and low water and oil-contact angles for enhanced fingerprint hiding.

The coating offers a more pleasant tactile experience for users of smartphones, tablets and other shared devices and also makes it easier to clean and maintain such products.

Additionally, PPG Industries will highlight its anti-smudge, anti-glare, anti-reflective and anti-fingerprint coatings at the event. The company will also exhibit spray-applied coatings for electromagnetic, radio-frequency and electrostatic discharge protection, and lightning-guard coatings.

The company’s shares have declined around 1.4% over a year, compared with roughly 15% gain recorded by its industry.

PPG Industries sees positive momentum in overall economic growth. The company is on track with its restructuring actions that are expected to provide cost savings between $50 million and $55 million in 2018, higher than what it had expected earlier.

However, PPG Industries is exposed to raw materials cost pressure. The trend is expected to continue through the second quarter. Moreover, some of its end markets including wood and marine remain sluggish.

PPG Industries, Inc. Price and Consensus

PPG Industries, Inc. Price and Consensus | PPG Industries, Inc. Quote

Zacks Rank & Stocks to Consider

PPG Industries is a Zacks Rank #4 (Sell) stock.

Some better-ranked companies in the basic materials space worth considering are FMC Corporation (NYSE:FMC) , Huntsman Corporation (NYSE:HUN) and The Chemours Company (NYSE:CC) . All three stocks sport a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.

FMC Corp has an expected long-term earnings growth rate of 13.6%. Its shares have gained around 22.7% over a year.

Huntsman has an expected long-term earnings growth rate of 8.3%. Its shares have moved up around 22.8% over a year.

Chemours has an expected long-term earnings growth rate of 15.5%. Its shares have gained around 33.8% over a year.

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