Barclays Upgrades PPG Industries (NYSE:PPG) to “Strong-Buy”

PPG Industries (NYSE:PPG) was upgraded by investment analysts at Barclays to a “strong-buy” rating in a research note issued to investors on Monday, Zacks reports.

PPG has been the topic of several other research reports. Mizuho lifted their price target on PPG Industries from $125.00 to $135.00 and gave the stock an “outperform” rating in a report on Wednesday, July 1st. UBS Group lowered their price target on shares of PPG Industries from $125.00 to $116.00 and set a “neutral” rating on the stock in a research report on Monday, October 5th. Weiss Ratings reissued a “hold (c)” rating on shares of PPG Industries in a report on Monday, September 14th. KeyCorp assumed coverage on shares of PPG Industries in a report on Friday, September 11th. They issued an “overweight” rating and a $133.00 price objective for the company. Finally, The Goldman Sachs Group restated a “buy” rating and set a $128.00 price objective on shares of PPG Industries in a research report on Friday, October 9th. One investment analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and nine have given a Hold rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $126.12.

PPG Industries Price Performance

NYSE:PPG opened at $104.96 on Monday. PPG Industries has a one year low of $93.39 and a one year high of $133.43. The company has a debt-to-equity ratio of 0.72, a quick ratio of 1.15 and a current ratio of 1.58. The stock has a market cap of $23.33 billion, a PE ratio of 15.04, a P/E/G ratio of 1.69 and a beta of 1.06. The stock has a 50 day moving average price of $109.38 and a 200 day moving average price of $111.66.

PPG Industries (NYSE:PPG) last released its quarterly earnings data on Tuesday, July 28th. The specialty chemicals company reported $2.23 earnings per share for the quarter, missing analysts’ consensus estimates of $2.25 by ($0.02). The company had revenue of $4.50 billion for the quarter, compared to analyst estimates of $4.37 billion. PPG Industries had a return on equity of 21.07% and a net margin of 9.57%. The business’s quarterly revenue was up 7.2% on a year-over-year basis. During the same period last year, the firm posted $2.22 EPS. PPG Industries has set its FY 2026 guidance at 7.700-8.100 EPS. Equities research analysts expect that PPG Industries will post 7.89 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of the stock. QRG Capital Management Inc. lifted its holdings in shares of PPG Industries by 9.2% in the 2nd quarter. QRG Capital Management Inc. now owns 20,147 shares of the specialty chemicals company’s stock worth $2,444,000 after acquiring an additional 1,695 shares during the last quarter. Envestnet Portfolio Solutions Inc. boosted its position in shares of PPG Industries by 6.0% during the 2nd quarter. Envestnet Portfolio Solutions Inc. now owns 2,012 shares of the specialty chemicals company’s stock worth $244,000 after purchasing an additional 114 shares during the period. Envestnet Asset Management Inc. increased its holdings in PPG Industries by 2.8% in the 2nd quarter. Envestnet Asset Management Inc. now owns 251,590 shares of the specialty chemicals company’s stock valued at $30,515,000 after purchasing an additional 6,928 shares during the last quarter. State Street Corp increased its holdings in PPG Industries by 8.8% in the 2nd quarter. State Street Corp now owns 13,871,116 shares of the specialty chemicals company’s stock valued at $1,682,428,000 after purchasing an additional 1,124,109 shares during the last quarter. Finally, Archford Capital Strategies LLC acquired a new stake in PPG Industries in the 2nd quarter valued at approximately $208,000. Hedge funds and other institutional investors own 81.86% of the company’s stock.

About PPG Industries

PPG Industries, Inc is a global manufacturer of paints, coatings and specialty materials. Founded in 1883 as Pittsburgh Plate Glass, the company originally produced plate glass and later expanded into coatings and related technologies. Today, PPG’s products are used to protect, decorate and improve the performance of vehicles, aircraft, buildings, industrial equipment and consumer goods.

PPG serves the automotive, aerospace, construction, industrial, marine, packaging and consumer-product markets.