JPMorgan Chase & Co. Lowers PPG Industries (NYSE:PPG) Price Target to $125.00

PPG Industries (NYSE:PPG) had its price objective cut by stock analysts at JPMorgan Chase & Co. from $126.00 to $125.00 in a research note issued to investors on Thursday,MarketScreener reports. JPMorgan Chase & Co.‘s price objective suggests a potential upside of 14.50% from the stock’s previous close.

A number of other research firms have also recently commented on PPG. Bank of America cut their target price on PPG Industries from $118.00 to $116.00 and set a “neutral” rating on the stock in a research note on Thursday, January 8th. Sanford C. Bernstein increased their price objective on PPG Industries from $123.00 to $130.00 and gave the company an “outperform” rating in a research report on Friday, January 30th. Citigroup increased their price objective on PPG Industries from $113.00 to $114.00 and gave the company a “neutral” rating in a research report on Thursday. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of PPG Industries in a research report on Wednesday, January 28th. Finally, Deutsche Bank Aktiengesellschaft increased their price objective on PPG Industries from $120.00 to $130.00 in a research report on Friday, March 27th. Six research analysts have rated the stock with a Buy rating and eleven have issued a Hold rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $122.07.

PPG Industries Trading Up 0.6%

Shares of PPG Industries stock traded up $0.67 during midday trading on Thursday, reaching $109.17. 55,179 shares of the company’s stock traded hands, compared to its average volume of 2,216,957. The company has a debt-to-equity ratio of 0.82, a quick ratio of 1.22 and a current ratio of 1.61. The company has a market cap of $24.43 billion, a PE ratio of 15.56, a price-to-earnings-growth ratio of 1.45 and a beta of 1.16. The stock has a 50 day moving average of $109.44 and a 200-day moving average of $107.41. PPG Industries has a 12 month low of $93.39 and a 12 month high of $133.43.

PPG Industries (NYSE:PPG) last issued its quarterly earnings results on Tuesday, April 28th. The specialty chemicals company reported $1.83 earnings per share for the quarter, topping the consensus estimate of $1.78 by $0.05. The company had revenue of $3.93 billion for the quarter, compared to analysts’ expectations of $3.85 billion. PPG Industries had a return on equity of 21.90% and a net margin of 9.83%.The firm’s revenue for the quarter was up 6.7% on a year-over-year basis. During the same period in the prior year, the firm earned $1.72 earnings per share. PPG Industries has set its FY 2026 guidance at 7.700-8.100 EPS. As a group, equities analysts expect that PPG Industries will post 7.94 EPS for the current fiscal year.

Insider Transactions at PPG Industries

In other PPG Industries news, CFO Vincent J. Morales sold 78,095 shares of the stock in a transaction dated Friday, February 13th. The stock was sold at an average price of $131.00, for a total value of $10,230,445.00. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, VP Anne M. Foulkes sold 3,594 shares of the stock in a transaction dated Friday, February 20th. The shares were sold at an average price of $124.61, for a total value of $447,848.34. Following the completion of the transaction, the vice president directly owned 15,641 shares in the company, valued at approximately $1,949,025.01. This represents a 18.68% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders sold 111,361 shares of company stock worth $14,387,293. 0.33% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the stock. Steigerwald Gordon & Koch Inc. bought a new position in shares of PPG Industries in the third quarter worth about $26,000. Dorato Capital Management bought a new position in shares of PPG Industries in the fourth quarter worth about $26,000. Resources Management Corp CT ADV raised its stake in shares of PPG Industries by 900.0% in the fourth quarter. Resources Management Corp CT ADV now owns 250 shares of the specialty chemicals company’s stock worth $26,000 after buying an additional 225 shares during the period. Quarry LP bought a new position in shares of PPG Industries in the third quarter worth about $26,000. Finally, Root Financial Partners LLC bought a new position in shares of PPG Industries in the third quarter worth about $30,000. 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.