Cerecor Inc. (CERC) Reaches $4.85 After 6.00% Down Move; PPG Industries (PPG) Sentiment Is 1

March 20, 2018 - By Marie Mckinney

The stock of Cerecor Inc. (NASDAQ:CERC) is a huge mover today! The stock decreased 7.79% or $0.41 during the last trading session, reaching $4.85. About 278,742 shares traded. Cerecor Inc. (NASDAQ:CERC) has declined 81.69% since March 20, 2017 and is downtrending. It has underperformed by 98.39% the S&P500.The move comes after 5 months negative chart setup for the $151.51M company. It was reported on Mar, 20 by Barchart.com. We have $4.56 PT which if reached, will make NASDAQ:CERC worth $9.09M less.

PPG Industries, Inc. manufactures and distributes coatings, specialty materials, and glass products. The company has market cap of $28.56 billion. It operates in three divisions: Performance Coatings, Industrial Coatings, and Glass. It has a 18.56 P/E ratio. The Performance Coatings segment provides coatings products for automotive and commercial transport/fleet repair and refurbishing; light industrial and specialty coatings for signs; coatings, sealants, and transparencies for commercial, military, regional jet and general aviation aircraft, and transparent armor for specialty applications; protective and marine coatings and finishes; architectural coatings; and purchased sundries to painting contractors and consumers, as well as chemical management services.

Cerecor Inc., a clinical-stage biopharmaceutical company, develops drugs to treat patients with neurological and psychiatric disorders. The company has market cap of $151.51 million. It develops CERC-501, which has completed Phase II clinical trial for the adjunctive treatment of major depressive disorder , as well as to treat substance use disorders; CERC-301 that has completed Phase II clinical trial for the adjunctive treatment of patients with MDD; and CERC-406 that is in preclinical stage to treat residual cognitive impairment symptoms in patients with MDD. It has a 4.92 P/E ratio. Cerecor Inc. also intends to develop CERC-611, a drug candidate for the treatment of partial-onset seizures in epilepsy.

Among 2 analysts covering Cerecor (NASDAQ:CERC), 1 have Buy rating, 0 Sell and 1 Hold. Therefore 50% are positive. Cerecor had 2 analyst reports since December 9, 2015 according to SRatingsIntel. Rodman & Renshaw downgraded the stock to “Neutral” rating in Monday, December 12 report. As per Wednesday, December 9, the company rating was initiated by Laidlaw.

Ratings analysis reveals 17% of PPG Industries’s analysts are positive. Out of 6 Wall Street analysts rating PPG Industries, 1 give it “Buy”, 0 “Sell” rating, while 5 recommend “Hold”. The lowest target is $100.0 while the high is $106.0. The stock’s average target of $103 is -10.09% below today’s ($114.56) share price. PPG was included in 6 notes of analysts from October 11, 2016. The company was maintained on Tuesday, October 11 by RBC Capital Markets. On Friday, October 21 the stock rating was downgraded by Goldman Sachs to “Neutral”. The stock has “Hold” rating by Argus Research on Tuesday, October 25. The rating was downgraded by Citigroup on Monday, January 9 to “Neutral”. On Tuesday, January 17 the stock rating was downgraded by Susquehanna to “Neutral”. The stock has “Hold” rating by Deutsche Bank on Tuesday, October 11.

Since January 1, 0001, it had 0 buys, and 1 sale for $1.10 million activity.

New Mountain Vantage Advisers L.L.C. holds 3.74% of its portfolio in PPG Industries, Inc. for 448,200 shares. Spf Beheer Bv owns 663,731 shares or 3.04% of their US portfolio. Moreover, Natixis Asset Management has 3.01% invested in the company for 319,710 shares. The California-based Aristotle Capital Management Llc has invested 2.61% in the stock. Thomaspartners Inc., a Massachusetts-based fund reported 2.97 million shares.

Analysts await PPG Industries, Inc. (NYSE:PPG) to report earnings on April, 19. They expect $1.42 earnings per share, up 5.19% or $0.07 from last year’s $1.35 per share. PPG’s profit will be $354.03 million for 20.17 P/E if the $1.42 EPS becomes a reality. After $1.19 actual earnings per share reported by PPG Industries, Inc. for the previous quarter, Wall Street now forecasts 19.33% EPS growth.

The stock increased 1.18% or $1.34 during the last trading session, reaching $114.56. About 427,215 shares traded. PPG Industries, Inc. (PPG) has risen 1.03% since March 20, 2017 and is uptrending. It has underperformed by 15.67% the S&P500.

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