PPG Industries Inc. (NYSE:PPG) shares gapped up prior to trading on Tuesday . The stock had previously closed at $106.34, but opened at $106.61. PPG Industries shares last traded at $109.04, with a volume of 611,106 shares changing hands.

A number of research analysts have weighed in on PPG shares. Morgan Stanley reaffirmed a “hold” rating on shares of PPG Industries in a report on Thursday, June 16th. Citigroup Inc. boosted their target price on shares of PPG Industries from $120.00 to $131.00 and gave the stock a “buy” rating in a research note on Monday, April 18th. Longbow Research raised shares of PPG Industries from a “neutral” rating to a “buy” rating and set a $130.00 target price for the company in a research note on Thursday, June 23rd. Credit Suisse Group AG reissued an “outperform” rating and set a $115.00 target price (up previously from $102.00) on shares of PPG Industries in a research note on Tuesday, March 22nd. Finally, Zacks Investment Research cut shares of PPG Industries from a “buy” rating to a “hold” rating in a research note on Tuesday. Four investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus price target of $119.09.

The firm’s 50-day moving average is $106.64 and its 200-day moving average is $103.84. The stock has a market cap of $28.92 billion and a P/E ratio of 20.62.

PPG Industries (NYSE:PPG) last released its earnings results on Thursday, April 21st. The company reported $1.31 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.30 by $0.01. During the same quarter last year, the business posted $2.37 EPS. The firm earned $3.67 billion during the quarter, compared to analyst estimates of $3.67 billion. The firm’s revenue was up .3% on a year-over-year basis. Equities research analysts predict that PPG Industries Inc. will post $6.30 earnings per share for the current fiscal year.

Other hedge funds have recently added to or reduced their stakes in the company. Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its stake in PPG Industries by 1.1% in the fourth quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 17,593 shares of the company’s stock valued at $1,739,000 after buying an additional 199 shares during the period. Tredje AP fonden boosted its stake in shares of PPG Industries by 1.2% in the fourth quarter. Tredje AP fonden now owns 18,076 shares of the company’s stock valued at $1,786,000 after buying an additional 223 shares during the period. LS Investment Advisors LLC boosted its stake in shares of PPG Industries by 1.3% in the fourth quarter. LS Investment Advisors LLC now owns 24,988 shares of the company’s stock valued at $2,469,000 after buying an additional 325 shares during the period. TrimTabs Asset Management LLC boosted its stake in shares of PPG Industries by 1.9% in the fourth quarter. TrimTabs Asset Management LLC now owns 23,890 shares of the company’s stock valued at $2,361,000 after buying an additional 444 shares during the period. Finally, Vaughan David Investments Inc. IL boosted its stake in shares of PPG Industries by 0.3% in the fourth quarter. Vaughan David Investments Inc. IL now owns 183,454 shares of the company’s stock valued at $18,129,000 after buying an additional 565 shares during the period.

PPG Industries, Inc (PPG) manufactures and distributes a range of coatings, specialty materials and glass products. PPG operates through three business segments: Performance Coatings, Industrial Coatings and Glass. The Performance Coatings segment consists of the refinish, aerospace, protective and marine, architectural-Americas and Asia Pacific, and architectural-EMEA coatings businesses.

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