Mizuho Forecasts Strong Price Appreciation for PPG Industries (NYSE:PPG) Stock

PPG Industries (NYSE:PPG) had its target price increased by equities researchers at Mizuho from $125.00 to $140.00 in a research report issued to clients and investors on Thursday,Benzinga reports. The brokerage presently has an “outperform” rating on the specialty chemicals company’s stock. Mizuho’s target price would indicate a potential upside of 6.66% from the stock’s current price.

Several other research analysts have also commented on the stock. Sanford C. Bernstein raised their price target on shares of PPG Industries from $123.00 to $130.00 and gave the company an “outperform” rating in a report on Friday, January 30th. Citigroup raised their target price on shares of PPG Industries from $127.00 to $132.00 and gave the company a “buy” rating in a research note on Thursday, January 29th. BNP Paribas Exane decreased their price target on shares of PPG Industries from $113.00 to $112.00 and set a “neutral” rating for the company in a research report on Wednesday, January 14th. JPMorgan Chase & Co. increased their price target on PPG Industries from $117.00 to $126.00 and gave the company an “overweight” rating in a report on Thursday, January 29th. Finally, Bank of America cut their price objective on PPG Industries from $118.00 to $116.00 and set a “neutral” rating on the stock in a research report on Thursday, January 8th. One analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and eleven have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $124.79.

PPG Industries Trading Down 0.2%

Shares of PPG opened at $131.26 on Thursday. PPG Industries has a twelve month low of $90.24 and a twelve month high of $133.43. The firm has a market capitalization of $29.45 billion, a P/E ratio of 18.91, a price-to-earnings-growth ratio of 1.98 and a beta of 1.16. The company has a current ratio of 1.47, a quick ratio of 1.08 and a debt-to-equity ratio of 0.74. The stock’s fifty day simple moving average is $110.40 and its 200 day simple moving average is $106.35.

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

Insiders Place Their Bets

In other PPG Industries news, CFO Vincent J. Morales sold 29,672 shares of the firm’s stock in a transaction on Wednesday, February 4th. The shares were sold at an average price of $125.00, for a total transaction of $3,709,000.00. Following the completion of the transaction, the chief financial officer directly owned 28,439 shares of the company’s stock, valued at $3,554,875. This trade represents a 51.06% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Chancey E. Hagerty sold 2,250 shares of the business’s stock in a transaction dated Thursday, January 29th. The stock was sold at an average price of $115.59, for a total transaction of $260,077.50. Following the completion of the sale, the vice president directly owned 8,477 shares of the company’s stock, valued at $979,856.43. The trade was a 20.98% decrease in their position. The SEC filing for this sale provides additional information. In the last 90 days, insiders sold 37,122 shares of company stock valued at $4,541,078. Insiders own 0.33% of the company’s stock.

Hedge Funds Weigh In On PPG Industries

Hedge funds have recently bought and sold shares of the company. CNB Bank lifted its holdings in PPG Industries by 1.8% during the 4th quarter. CNB Bank now owns 4,514 shares of the specialty chemicals company’s stock worth $463,000 after buying an additional 80 shares during the last quarter. IFP Advisors Inc lifted its stake 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 purchasing an additional 87 shares during the last quarter. Whittier Trust Co. boosted its holdings 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 worth $703,000 after purchasing an additional 89 shares during the period. Insigneo Advisory Services LLC increased its stake in PPG Industries by 4.3% during the fourth quarter. Insigneo Advisory Services LLC now owns 2,234 shares of the specialty chemicals company’s stock valued at $229,000 after purchasing an additional 92 shares during the last quarter. Finally, Applied Capital LLC FL raised its holdings in shares of PPG Industries by 1.5% during the fourth quarter. Applied Capital LLC FL now owns 6,406 shares of the specialty chemicals company’s stock worth $656,000 after purchasing an additional 95 shares during the period. 81.86% of the stock is currently owned by institutional investors and hedge funds.

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.