PPG Industries, Inc. (NYSE:PPG) Receives $121.79 Average Price Target from Analysts

Shares of PPG Industries, Inc. (NYSE:PPG) have earned an average recommendation of “Hold” from the sixteen analysts that are covering the firm, Marketbeat reports. Eleven analysts have rated the stock with a hold rating and five have given a buy rating to the company. The average 12-month price objective among brokerages that have updated their coverage on the stock in the last year is $121.7857.

A number of research firms have recently commented on PPG. Citigroup lifted their target price on PPG Industries from $113.00 to $114.00 and gave the stock a “neutral” rating in a research report on Thursday, April 30th. Deutsche Bank Aktiengesellschaft boosted their price target on PPG Industries from $120.00 to $130.00 in a research report on Friday, March 27th. The Goldman Sachs Group dropped their price target on PPG Industries from $134.00 to $130.00 in a research report on Friday, May 1st. Jefferies Financial Group dropped their price target on PPG Industries from $125.00 to $116.00 and set a “hold” rating on the stock in a research report on Thursday, March 26th. Finally, Mizuho boosted their price target on PPG Industries from $115.00 to $125.00 and gave the company an “outperform” rating in a research report on Wednesday, April 29th.

Hedge Funds Weigh In On PPG Industries

Institutional investors have recently added to or reduced their stakes in the stock. CNB Bank increased its holdings in shares of 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 increased its holdings in shares of PPG Industries by 2.7% during the 4th quarter. IFP Advisors Inc now owns 3,302 shares of the specialty chemicals company’s stock worth $338,000 after buying an additional 87 shares during the last quarter. Whittier Trust Co. increased its holdings in shares of PPG Industries by 1.4% during the 4th quarter. Whittier Trust Co. now owns 6,658 shares of the specialty chemicals company’s stock worth $703,000 after buying an additional 89 shares during the last quarter. Insigneo Advisory Services LLC increased its holdings in shares of PPG Industries by 4.3% during the 4th quarter. Insigneo Advisory Services LLC now owns 2,234 shares of the specialty chemicals company’s stock worth $229,000 after buying an additional 92 shares during the last quarter. Finally, OMERS ADMINISTRATION Corp increased its holdings in shares of PPG Industries by 1.1% during the 4th quarter. OMERS ADMINISTRATION Corp now owns 8,533 shares of the specialty chemicals company’s stock worth $874,000 after buying an additional 92 shares during the last quarter. Institutional investors and hedge funds own 81.86% of the company’s stock.

PPG Industries Stock Down 1.9%

PPG opened at $111.48 on Friday. The business’s 50-day simple moving average is $108.15 and its 200-day simple moving average is $108.90. The company has a debt-to-equity ratio of 0.78, a quick ratio of 1.17 and a current ratio of 1.61. PPG Industries has a one year low of $93.39 and a one year high of $133.43. The stock has a market capitalization of $24.85 billion, a P/E ratio of 15.90, a price-to-earnings-growth ratio of 1.66 and a beta of 1.06.

PPG Industries (NYSE:PPG) last posted its earnings results on Tuesday, April 28th. The specialty chemicals company reported $1.83 EPS for the quarter, topping analysts’ consensus estimates of $1.78 by $0.05. PPG Industries had a return on equity of 21.68% and a net margin of 9.83%.The business had revenue of $3.93 billion for the quarter, compared to analysts’ expectations of $3.85 billion. During the same quarter in the previous year, the firm earned $1.72 earnings per share. The business’s revenue was up 6.7% compared to the same quarter last year. PPG Industries has set its FY 2026 guidance at 7.700-8.100 EPS. Analysts anticipate that PPG Industries will post 7.93 EPS for the current year.

PPG Industries Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, June 12th. Investors of record on Monday, May 11th will be given a $0.71 dividend. This represents a $2.84 annualized dividend and a yield of 2.5%. The ex-dividend date is Monday, May 11th. PPG Industries’s payout ratio is 40.51%.

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.