UBS Group Issues Pessimistic Forecast for PPG Industries (NYSE:PPG) Stock Price

PPG Industries (NYSE:PPG) had its price objective cut by equities researchers at UBS Group from $122.00 to $110.00 in a note issued to investors on Thursday,Benzinga reports. The firm currently has a “neutral” rating on the specialty chemicals company’s stock. UBS Group’s target price indicates a potential upside of 5.86% from the company’s current price.

Several other research analysts have also recently commented on PPG. Citigroup reiterated a “neutral” rating and set a $113.00 price target (down from $132.00) on shares of PPG Industries in a report on Wednesday. Sanford C. Bernstein lifted their price objective on shares of PPG Industries from $123.00 to $130.00 and gave the stock an “outperform” rating in a research report on Friday, January 30th. Berenberg Bank lowered their target price on shares of PPG Industries from $131.00 to $110.00 and set a “hold” rating for the company in a research note on Thursday, December 4th. JPMorgan Chase & Co. raised their price target on PPG Industries from $117.00 to $126.00 and gave the company an “overweight” rating in a research note on Thursday, January 29th. Finally, Jefferies Financial Group decreased their price target on PPG Industries from $125.00 to $116.00 and set a “hold” rating for the company in a report on Thursday, March 26th. One research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and eleven have issued a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $120.50.

PPG Industries Stock Down 2.4%

PPG stock traded down $2.56 during mid-day trading on Thursday, reaching $103.91. The company had a trading volume of 998,783 shares, compared to its average volume of 2,262,227. The company has a debt-to-equity ratio of 0.82, a quick ratio of 1.22 and a current ratio of 1.62. The company has a market capitalization of $23.25 billion, a price-to-earnings ratio of 14.97, a price-to-earnings-growth ratio of 1.61 and a beta of 1.15. The firm has a fifty day simple moving average of $115.10 and a 200 day simple moving average of $106.85. PPG Industries has a fifty-two week low of $90.24 and a fifty-two week high of $133.43.

PPG Industries (NYSE:PPG) last announced its quarterly earnings data on Tuesday, January 27th. The specialty chemicals company reported $1.51 EPS for the quarter, missing analysts’ consensus estimates of $1.57 by ($0.06). PPG Industries had a return on equity of 22.30% and a net margin of 9.93%.The company had revenue of $3.91 billion for the quarter, compared to analyst estimates of $3.77 billion. During the same period in the prior year, the firm posted $1.61 earnings per share. The business’s quarterly revenue 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. Analysts forecast that PPG Industries will post 7.95 earnings per share for the current fiscal year.

Insider Activity

In related news, VP Chancey E. Hagerty sold 2,250 shares of PPG Industries stock in a transaction on Thursday, January 29th. The shares were sold at an average price of $115.59, for a total value of $260,077.50. Following the transaction, the vice president directly owned 8,477 shares in the company, valued at $979,856.43. This trade represents a 20.98% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, VP Anne M. Foulkes sold 3,594 shares of the business’s stock in a transaction on Friday, February 20th. The shares were sold at an average price of $124.61, for a total transaction of $447,848.34. Following the completion of the transaction, the vice president directly owned 15,641 shares in the company, valued at $1,949,025.01. This represents a 18.68% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last 90 days, insiders have sold 118,811 shares of company stock valued at $15,219,371. Company insiders own 0.33% of the company’s stock.

Institutional Trading of PPG Industries

Institutional investors have recently added to or reduced their stakes in the stock. Steigerwald Gordon & Koch Inc. acquired a new stake in shares of PPG Industries in the third quarter valued at approximately $26,000. Dorato Capital Management acquired a new position in PPG Industries in the 4th quarter valued at about $26,000. Resources Management Corp CT ADV lifted its holdings in PPG Industries by 900.0% in the 4th quarter. Resources Management Corp CT ADV now owns 250 shares of the specialty chemicals company’s stock valued at $26,000 after purchasing an additional 225 shares in the last quarter. Quarry LP purchased a new position in PPG Industries in the 3rd quarter valued at about $26,000. Finally, Root Financial Partners LLC acquired a new stake in shares of PPG Industries during the 3rd quarter worth about $30,000. Hedge funds and other institutional investors own 81.86% of the company’s stock.

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.