PPG Industries (NYSE:PPG) Price Target Raised to $125.00 at Mizuho

PPG Industries (NYSE:PPGGet Free Report) had its target price increased by equities researchers at Mizuho from $118.00 to $125.00 in a research report issued to clients and investors on Wednesday,Benzinga reports. The firm presently has an “outperform” rating on the specialty chemicals company’s stock. Mizuho’s price objective indicates a potential upside of 9.57% from the stock’s previous close.

Several other research firms also recently commented on PPG. Sanford C. Bernstein dropped their target price on PPG Industries from $129.00 to $123.00 and set an “outperform” rating for the company in a research report on Monday, November 24th. JPMorgan Chase & Co. increased their target price on shares of PPG Industries from $112.00 to $117.00 and gave the company an “overweight” rating in a research report on Friday, November 21st. Weiss Ratings restated a “hold (c-)” rating on shares of PPG Industries in a report on Friday, October 31st. UBS Group decreased their price objective on shares of PPG Industries from $115.00 to $110.00 and set a “neutral” rating for the company in a research report on Thursday, October 30th. Finally, Bank of America dropped their target price on shares of PPG Industries from $118.00 to $116.00 and set a “neutral” rating on the stock in a report on Thursday, January 8th. One analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and ten have issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $120.86.

Check Out Our Latest Stock Analysis on PPG Industries

PPG Industries Stock Up 3.4%

NYSE PPG traded up $3.80 during trading on Wednesday, hitting $114.08. The stock had a trading volume of 3,322,293 shares, compared to its average volume of 2,160,869. PPG Industries has a 12 month low of $90.24 and a 12 month high of $123.52. The company has a debt-to-equity ratio of 0.74, a quick ratio of 1.08 and a current ratio of 1.47. The company has a market capitalization of $25.60 billion, a PE ratio of 25.87, a P/E/G ratio of 3.34 and a beta of 1.17. The company’s 50-day moving average price is $103.99 and its two-hundred day moving average price is $105.45.

PPG Industries (NYSE:PPGGet Free Report) last announced its quarterly earnings data on Tuesday, January 27th. The specialty chemicals company reported $1.51 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.57 by ($0.06). PPG Industries had a net margin of 6.35% and a return on equity of 23.61%. The firm had revenue of $3.91 billion during the quarter, compared to the consensus estimate of $3.77 billion. During the same period last year, the business earned $1.61 earnings per share. The business’s 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. As a group, sell-side analysts forecast that PPG Industries will post 7.95 EPS for the current year.

Insider Transactions at PPG Industries

In other PPG Industries news, CFO Vincent J. Morales sold 5,200 shares of the stock in a transaction dated Thursday, January 15th. The shares were sold at an average price of $110.00, for a total value of $572,000.00. Following the completion of the sale, the chief financial officer owned 28,439 shares in the company, valued at approximately $3,128,290. This trade represents a 15.46% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders own 0.33% of the company’s stock.

Institutional Trading of PPG Industries

Large investors have recently added to or reduced their stakes in the stock. Whittier Trust Co. grew its position in PPG Industries by 1.4% during the fourth quarter. Whittier Trust Co. now owns 6,658 shares of the specialty chemicals company’s stock valued at $703,000 after buying an additional 89 shares during the period. Applied Capital LLC FL raised its holdings in shares of PPG Industries by 1.5% in the fourth quarter. Applied Capital LLC FL now owns 6,406 shares of the specialty chemicals company’s stock valued at $656,000 after acquiring an additional 95 shares in the last quarter. Lazard Asset Management LLC increased its holdings in shares of PPG Industries by 6.6% during the second quarter. Lazard Asset Management LLC now owns 1,576 shares of the specialty chemicals company’s stock valued at $179,000 after acquiring an additional 97 shares in the last quarter. Waller Financial Planning Group Inc. raised its stake in shares of PPG Industries by 0.8% in the fourth quarter. Waller Financial Planning Group Inc. now owns 12,764 shares of the specialty chemicals company’s stock worth $1,308,000 after purchasing an additional 100 shares during the last quarter. Finally, G&S Capital LLC boosted its holdings in shares of PPG Industries by 1.9% in the 3rd quarter. G&S Capital LLC now owns 5,620 shares of the specialty chemicals company’s stock valued at $591,000 after acquiring an additional 104 shares during the last quarter. Hedge funds and other institutional investors own 81.86% of the company’s stock.

PPG Industries News Roundup

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PPG Industries Company Profile

(Get Free Report)

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.

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