PPG Industries (NYSE:PPG) Upgraded at Barclays

Barclays upgraded shares of PPG Industries (NYSE:PPG) to a strong-buy rating in a report published on Monday morning,Zacks reports.

Other analysts have also issued research reports about the company. Citigroup lowered their target price on PPG Industries from $121.00 to $118.00 and set a “neutral” rating for the company in a report on Wednesday, September 30th. Royal Bank Of Canada cut their price target on PPG Industries from $122.00 to $115.00 and set a “sector perform” rating on the stock in a report on Friday, October 9th. Bank of America raised PPG Industries from a “neutral” rating to a “buy” rating and boosted their price target for the stock from $127.00 to $134.00 in a research report on Friday, July 17th. KeyCorp initiated coverage on PPG Industries in a research report on Friday, September 11th. They issued an “overweight” rating and a $133.00 price target for the company. Finally, Sanford C. Bernstein restated an “outperform” rating and set a $136.00 price objective on shares of PPG Industries in a research note on Thursday, September 24th. One equities research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and nine have issued a Hold rating to the company. Based on data from MarketBeat, PPG Industries has a consensus rating of “Moderate Buy” and an average target price of $126.12.

PPG Industries Price Performance

Shares of PPG opened at $104.96 on Monday. The company has a 50 day moving average price of $109.38 and a 200-day moving average price of $111.66. PPG Industries has a fifty-two week low of $93.39 and a fifty-two week high of $133.43. The stock has a market capitalization of $23.33 billion, a PE ratio of 15.04, a PEG ratio of 1.69 and a beta of 1.06. The company has a debt-to-equity ratio of 0.72, a quick ratio of 1.15 and a current ratio of 1.58.

PPG Industries (NYSE:PPG) last released its quarterly earnings data on Tuesday, July 28th. The specialty chemicals company reported $2.23 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.25 by ($0.02). The business had revenue of $4.50 billion for the quarter, compared to the consensus estimate of $4.37 billion. PPG Industries had a net margin of 9.57% and a return on equity of 21.07%. PPG Industries’s revenue for the quarter was up 7.2% on a year-over-year basis. During the same quarter in the prior year, the business posted $2.22 earnings per share. PPG Industries has set its FY 2026 guidance at 7.700-8.100 EPS. Equities analysts predict that PPG Industries will post 7.89 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of the company. Evolve Private Wealth LLC raised its stake in PPG Industries by 3.2% in the first quarter. Evolve Private Wealth LLC now owns 2,929 shares of the specialty chemicals company’s stock valued at $313,000 after buying an additional 92 shares during the last quarter. Essential Partners LLC boosted its holdings in PPG Industries by 59.3% in the first quarter. Essential Partners LLC now owns 301 shares of the specialty chemicals company’s stock worth $32,000 after acquiring an additional 112 shares in the last quarter. Envestnet Portfolio Solutions Inc. grew its stake in shares of PPG Industries by 6.0% during the second quarter. Envestnet Portfolio Solutions Inc. now owns 2,012 shares of the specialty chemicals company’s stock worth $244,000 after acquiring an additional 114 shares during the last quarter. Ancora Advisors LLC grew its stake in shares of PPG Industries by 36.5% during the second quarter. Ancora Advisors LLC now owns 430 shares of the specialty chemicals company’s stock worth $52,000 after acquiring an additional 115 shares during the last quarter. Finally, Wealth Alliance LLC grew its stake in shares of PPG Industries by 2.8% during the first quarter. Wealth Alliance LLC now owns 5,125 shares of the specialty chemicals company’s stock worth $548,000 after acquiring an additional 139 shares during the last quarter. Institutional investors own 81.86% of the company’s stock.

PPG Industries Company Profile

PPG Industries, Inc is a global manufacturer of paints, coatings and specialty materials. Founded in 1883 as Pittsburgh Plate Glass, the company originally produced plate glass and later expanded into coatings and related technologies. Today, PPG’s products are used to protect, decorate and improve the performance of vehicles, aircraft, buildings, industrial equipment and consumer goods.

PPG serves the automotive, aerospace, construction, industrial, marine, packaging and consumer-product markets.