PPG Industries (NYSE:PPG) Price Target Raised to $135.00

PPG Industries (NYSE:PPG) had its price objective raised by stock analysts at Mizuho from $125.00 to $135.00 in a research note issued on Wednesday,Benzinga reports. The firm currently has an “outperform” rating on the specialty chemicals company’s stock. Mizuho’s price objective indicates a potential upside of 11.36% from the company’s previous close.

PPG has been the topic of a number of other reports. Jefferies Financial Group lowered their price objective on shares of PPG Industries from $125.00 to $116.00 and set a “hold” rating on the stock in a report on Thursday, March 26th. BNP Paribas Exane lifted their price target on shares of PPG Industries from $115.00 to $116.00 in a research note on Thursday, April 30th. Royal Bank Of Canada reissued a “sector perform” rating and set a $119.00 price target on shares of PPG Industries in a research report on Wednesday, June 10th. The Goldman Sachs Group reduced their price objective on shares of PPG Industries from $134.00 to $130.00 in a research note on Friday, May 1st. Finally, BMO Capital Markets lifted their target price on PPG Industries from $135.00 to $140.00 and gave the company an “outperform” rating in a research report on Monday, June 15th. Six equities research analysts have rated the stock with a Buy rating and eleven have given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $124.40.

PPG Industries Stock Up 0.3%

PPG stock opened at $121.23 on Wednesday. The company has a debt-to-equity ratio of 0.78, a current ratio of 1.61 and a quick ratio of 1.17. The stock has a market capitalization of $27.02 billion, a P/E ratio of 17.29, a P/E/G ratio of 1.77 and a beta of 1.06. PPG Industries has a fifty-two week low of $93.39 and a fifty-two week high of $133.43. The business has a 50-day moving average of $112.41 and a 200-day moving average of $111.52.

PPG Industries (NYSE:PPG) last announced its earnings results on Tuesday, April 28th. The specialty chemicals company reported $1.83 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.78 by $0.05. The business had revenue of $3.93 billion for the quarter, compared to analyst estimates of $3.85 billion. PPG Industries had a return on equity of 21.68% and a net margin of 9.83%.PPG Industries’s revenue for the quarter was up 6.7% compared to the same quarter last year. During the same quarter last year, the firm earned $1.72 EPS. PPG Industries has set its FY 2026 guidance at 7.700-8.100 EPS. On average, sell-side analysts anticipate that PPG Industries will post 7.92 earnings per share for the current fiscal year.

Institutional Investors Weigh In On PPG Industries

A number of institutional investors and hedge funds have recently modified their holdings of the company. CNB Bank lifted its stake in PPG Industries by 1.8% in the 4th quarter. CNB Bank now owns 4,514 shares of the specialty chemicals company’s stock valued at $463,000 after purchasing an additional 80 shares during the last quarter. IFP Advisors Inc increased its position in PPG Industries by 2.7% during the fourth quarter. IFP Advisors Inc now owns 3,302 shares of the specialty chemicals company’s stock worth $338,000 after buying an additional 87 shares during the last quarter. Whittier Trust Co. raised its stake in PPG Industries by 1.4% in the fourth quarter. Whittier Trust Co. now owns 6,658 shares of the specialty chemicals company’s stock valued at $703,000 after buying an additional 89 shares during the period. Evolve Private Wealth LLC lifted its position in shares of PPG Industries by 3.2% in the first quarter. Evolve Private Wealth LLC now owns 2,929 shares of the specialty chemicals company’s stock valued at $313,000 after buying an additional 92 shares during the last quarter. Finally, Insigneo Advisory Services LLC lifted its position in shares of PPG Industries by 4.3% in the fourth quarter. Insigneo Advisory Services LLC now owns 2,234 shares of the specialty chemicals company’s stock valued at $229,000 after buying an additional 92 shares during the last quarter. 81.86% of the stock is owned by institutional investors.

About PPG Industries

PPG Industries is a global supplier of paints, coatings and specialty materials that serves industrial, transportation, consumer and construction markets. Founded in 1883 as the Pittsburgh Plate Glass Company, PPG has evolved from its origins in glass manufacturing into a diversified coatings and materials company headquartered in Pittsburgh, Pennsylvania. The company develops and manufactures a broad array of products used to protect and enhance surfaces, from consumer paints to highly engineered coatings for demanding industrial applications.

PPG’s product portfolio includes architectural and decorative paints, automotive original equipment and refinish coatings, industrial coatings for machinery and equipment, protective and marine coatings, aerospace and defense coatings, and packaging coatings and materials.