PPG Industries (NYSE:PPG) Given New $137.00 Price Target at Barclays

PPG Industries (NYSE:PPG) had its target price lifted by stock analysts at Barclays from $136.00 to $137.00 in a report released on Thursday, Benzinga reports. The firm presently has an “overweight” rating on the specialty chemicals company’s stock. Barclays‘s price objective points to a potential upside of 14.72% from the stock’s current price.

PPG has been the topic of a number of other reports. Bank of America raised PPG Industries from a “neutral” rating to a “buy” rating and lifted their price objective for the company from $127.00 to $134.00 in a research report on Friday, July 17th. Wall Street Zen lowered shares of PPG Industries from a “buy” rating to a “hold” rating in a report on Saturday, August 1st. UBS Group decreased their target price on shares of PPG Industries from $125.00 to $116.00 and set a “neutral” rating on the stock in a research note on Monday, October 5th. Citigroup lowered their price target on shares of PPG Industries from $121.00 to $118.00 and set a “neutral” rating on the stock in a report on Wednesday, September 30th. Finally, The Goldman Sachs Group reaffirmed a “buy” rating and set a $128.00 price target on shares of PPG Industries in a report on Friday, October 9th. Nine research analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $126.35.

PPG Industries Stock Performance

PPG Industries stock traded up $0.98 during trading on Thursday, reaching $119.42. The company had a trading volume of 420,907 shares, compared to its average volume of 1,978,135. The firm has a market capitalization of $26.55 billion, a price-to-earnings ratio of 17.10, a price-to-earnings-growth ratio of 2.04 and a beta of 1.06. The company has a current ratio of 1.58, a quick ratio of 1.15 and a debt-to-equity ratio of 0.72. The firm’s 50-day simple moving average is $108.51 and its 200 day simple moving average is $112.35. PPG Industries has a 52 week low of $93.39 and a 52 week high of $133.43.

PPG Industries (NYSE:PPG) last released its quarterly earnings results on Tuesday, October 27th. The specialty chemicals company reported $2.25 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.12 by $0.13. PPG Industries had a return on equity of 21.07% and a net margin of 9.57%. The business had revenue of $4.35 billion during the quarter, compared to analyst estimates of $4.28 billion. During the same quarter in the previous year, the company posted $2.13 earnings per share. PPG Industries’s revenue for the quarter was up 6.6% on a year-over-year basis. Sell-side analysts forecast that PPG Industries will post 7.87 earnings per share for the current fiscal year.

Hedge Funds Weigh In On PPG Industries

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Columbia Bank increased its position in shares of PPG Industries by 8.3% during the third quarter. Columbia Bank now owns 10,443 shares of the specialty chemicals company’s stock worth $1,090,000 after acquiring an additional 798 shares during the period. Hoey Investments Inc. purchased a new stake in shares of PPG Industries in the third quarter valued at approximately $42,000. Mirae Asset Global Investments Co. Ltd. purchased a new stake in shares of PPG Industries in the third quarter valued at approximately $8,067,000. Vise Technologies Inc. grew its stake in PPG Industries by 38.0% in the third quarter. Vise Technologies Inc. now owns 5,009 shares of the specialty chemicals company’s stock worth $523,000 after purchasing an additional 1,379 shares in the last quarter. Finally, Grandfield & Dodd LLC grew its stake in PPG Industries by 2.6% in the third quarter. Grandfield & Dodd LLC now owns 162,171 shares of the specialty chemicals company’s stock worth $16,919,000 after purchasing an additional 4,087 shares in the last quarter. 81.86% of the stock is owned by institutional investors.

Key Stories Impacting PPG Industries

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

• Positive Sentiment: Q3 results exceeded expectations: PPG reported adjusted earnings of $2.25 per share, above the $2.12–$2.13 analyst consensus, while revenue rose 6.6% year over year to $4.35 billion, beating estimates of approximately $4.28 billion. PPG Industries Reports Third-Quarter Earnings
• Positive Sentiment: Aerospace and operating execution supported growth: The earnings beat was driven by strength in aerospace, along with higher prices and volumes, signaling continued demand and improved pricing realization in key businesses. PPG Q3 Earnings Beat Estimates
• Positive Sentiment: Full-year outlook improved: PPG projected adjusted 2026 earnings of $7.90 to $8.10 per share and expects fourth-quarter EBITDA margin to improve by as much as 100 basis points. The company also described third-quarter EPS as a record, supporting confidence in its earnings trajectory. PPG Raises Earnings Outlook
• Positive Sentiment: Analysts raised price targets: KeyBanc increased its target to $131, Wells Fargo raised its target to $135 from $130, and Bernstein lifted its target to $137 from $136, reflecting improved expectations following the results. KeyBanc Raises PPG Price Target
• Neutral Sentiment: Technical momentum improved: PPG shares crossed above their 200-day moving average, a potentially constructive technical signal, although some commentary questioned whether the move represented a selling opportunity after the recent advance. PPG Shares Cross Above 200-Day Moving Average

About PPG Industries

PPG Industries, Inc is a global manufacturer of paints, coatings and specialty materials. The company develops products designed to protect, decorate and improve the performance of surfaces and components used in transportation, construction, manufacturing and consumer products.

Its product portfolio includes automotive and commercial vehicle coatings, aerospace coatings, industrial and protective coatings, architectural paints, packaging coatings, and coatings used in marine and other specialty applications.