PPG Industries (NYSE:PPG) Price Target Raised to $132.00

PPG Industries (NYSE:PPG) had its price objective hoisted by investment analysts at The Goldman Sachs Group from $118.00 to $132.00 in a research note issued to investors on Thursday,Benzinga reports. The brokerage currently has a “buy” rating on the specialty chemicals company’s stock. The Goldman Sachs Group’s price target indicates a potential upside of 14.80% from the stock’s current price.

PPG has been the subject of a number of other research reports. KeyCorp reiterated a “sector weight” rating on shares of PPG Industries in a research report on Thursday. Weiss Ratings reissued a “hold (c-)” rating on shares of PPG Industries in a research note on Friday, October 31st. BNP Paribas Exane decreased their price target on shares of PPG Industries from $113.00 to $112.00 and set a “neutral” rating on the stock in a report on Wednesday, January 14th. JPMorgan Chase & Co. lifted their price objective on shares of PPG Industries from $112.00 to $117.00 and gave the stock an “overweight” rating in a report on Friday, November 21st. Finally, Berenberg Bank reduced their target price on PPG Industries from $131.00 to $110.00 and set a “hold” rating on the stock in a research note on Thursday, December 4th. One research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and eleven have issued a Hold rating to the company. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $120.86.

PPG Industries Stock Performance

Shares of PPG traded up $1.02 during trading hours on Thursday, hitting $114.98. The company’s stock had a trading volume of 916,917 shares, compared to its average volume of 2,231,100. The business has a 50 day simple moving average of $104.38 and a two-hundred day simple moving average of $105.51. PPG Industries has a 52-week low of $90.24 and a 52-week high of $123.30. The company has a debt-to-equity ratio of 0.74, a current ratio of 1.47 and a quick ratio of 1.08. The company has a market cap of $25.80 billion, a price-to-earnings ratio of 26.19, a PEG ratio of 3.23 and a beta of 1.17.

PPG Industries (NYSE:PPG) last announced its quarterly earnings results on Tuesday, January 27th. The specialty chemicals company reported $1.51 earnings per share for the quarter, missing the consensus estimate of $1.57 by ($0.06). PPG Industries had a net margin of 9.93% and a return on equity of 22.67%. The company had revenue of $3.91 billion during the quarter, compared to analysts’ expectations of $3.77 billion. During the same quarter last year, the firm posted $1.61 earnings per share. PPG Industries’s revenue for the quarter was up 5.0% compared to the same quarter last year. PPG Industries has set its FY 2026 guidance at 7.700-8.100 EPS. On average, equities analysts expect that PPG Industries will post 7.95 earnings per share for the current fiscal year.

Insider Activity

In other PPG Industries news, CFO Vincent J. Morales sold 5,200 shares of PPG Industries stock in a transaction on Thursday, January 15th. The stock was sold at an average price of $110.00, for a total transaction of $572,000.00. Following the completion of the transaction, the chief financial officer owned 28,439 shares in the company, valued at approximately $3,128,290. The trade was a 15.46% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 0.33% of the company’s stock.

Hedge Funds Weigh In On PPG Industries

A number of hedge funds have recently bought and sold shares of the company. Capital Advisors Ltd. LLC raised its holdings in PPG Industries by 127.6% in the 2nd quarter. Capital Advisors Ltd. LLC now owns 223 shares of the specialty chemicals company’s stock worth $25,000 after acquiring an additional 125 shares during the last quarter. Dorato Capital Management bought a new stake in shares of PPG Industries in the fourth quarter worth approximately $26,000. Quarry LP purchased a new position in shares of PPG Industries during the third quarter valued at approximately $26,000. Steigerwald Gordon & Koch Inc. bought a new position in PPG Industries during the third quarter valued at approximately $26,000. Finally, Gladwyn Financial Advisors Inc. purchased a new stake in PPG Industries in the second quarter worth approximately $31,000. Institutional investors own 81.86% of the company’s stock.

Key PPG Industries News

Here are the key news stories impacting PPG Industries this week:

• Positive Sentiment: Multiple analyst upgrades and higher price targets support upside potential — Wells Fargo raised its target to $135 and kept an “overweight” rating (big upside vs. the current price), and Mizuho raised its target to $125 with an “outperform” rating. Article Title
• Positive Sentiment: Revenue beat and sales growth: PPG reported Q4 revenue of $3.91B, up ~5% year‑over‑year and ahead of estimates — a sign demand/pricing held up across coating segments. Article Title
• Positive Sentiment: Cash flow strength: operating cash from operations rose sharply y/y (reported ~ $685M), which supports balance sheet flexibility and buybacks/dividends. Article Title
• Neutral Sentiment: Analyst coverage & education pieces (Zacks, Seeking Alpha) discuss PPG as a value/earnings‑setup name; useful context for long‑term investors but not immediate catalysts. Article Title
• Neutral Sentiment: Company materials: the Q4 earnings call transcript and slide deck are available for deeper read on segment detail and management commentary. Article Title
• Negative Sentiment: EPS miss and weaker profitability metrics: Q4 EPS missed consensus ($1.51 reported vs. $1.57 expected) and disclosure of lower operating profit / net income pressures sentiment. Article Title
• Negative Sentiment: FY‑2026 guidance came in at $7.70–$8.10 EPS, slightly below the Street (~8.06), which tempers near‑term upside and explains some analyst caution. Article Title
• Negative Sentiment: Regional/market softness flagged by management (soft European and industrial markets) and press coverage amplified downside risk for cyclically sensitive end markets. Article Title
• Negative Sentiment: RBC raised its target to $115 but kept a “sector perform” rating — the target sits at/just below the current price, signaling limited near‑term upside from that shop. Article Title

PPG Industries Company Profile

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.