PPG Industries (NYSE:PPG) Stock Price Expected to Rise, Evercore Analyst Says

PPG Industries (NYSE:PPG) had its price objective boosted by stock analysts at Evercore from $112.00 to $128.00 in a report released on Wednesday,MarketScreener reports. Evercore’s price target suggests a potential upside of 1.13% from the company’s current price.

PPG has been the topic of several other research reports. JPMorgan Chase & Co. increased their price target on PPG Industries from $117.00 to $126.00 and gave the stock an “overweight” rating in a report on Thursday, January 29th. Sanford C. Bernstein lifted their price target on shares of PPG Industries from $123.00 to $130.00 and gave the company an “outperform” rating in a research report on Friday, January 30th. Mizuho upped their price objective on shares of PPG Industries from $125.00 to $140.00 and gave the stock an “outperform” rating in a report on Thursday, February 12th. Royal Bank Of Canada lifted their price objective on shares of PPG Industries from $109.00 to $115.00 and gave the company a “sector perform” rating in a report on Thursday, January 29th. Finally, Wells Fargo & Company raised their target price on PPG Industries from $130.00 to $135.00 and gave the company an “overweight” rating in a report on Thursday, January 29th. One research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and eleven have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $125.93.

PPG Industries Trading Up 1.9%

Shares of NYSE:PPG traded up $2.32 during midday trading on Wednesday, reaching $126.57. The company’s stock had a trading volume of 1,838,604 shares, compared to its average volume of 2,387,991. The firm has a 50 day moving average price of $113.06 and a two-hundred day moving average price of $107.09. PPG Industries has a fifty-two week low of $90.24 and a fifty-two week high of $133.43. The firm has a market capitalization of $28.40 billion, a price-to-earnings ratio of 18.24, a PEG ratio of 1.87 and a beta of 1.16. The company has a debt-to-equity ratio of 0.74, a quick ratio of 1.08 and a current ratio of 1.47.

PPG Industries (NYSE:PPG) last posted its quarterly earnings results 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). The business had revenue of $3.91 billion for the quarter, compared to the consensus estimate of $3.77 billion. PPG Industries had a return on equity of 22.67% and a net margin of 9.93%.PPG Industries’s quarterly revenue was up 5.0% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.61 earnings per share. PPG Industries has set its FY 2026 guidance at 7.700-8.100 EPS. As a group, analysts forecast that PPG Industries will post 7.95 earnings per share for the current year.

Insider Activity

In other PPG Industries news, CFO Vincent J. Morales sold 78,095 shares of the company’s stock in a transaction dated Friday, February 13th. The shares were sold at an average price of $131.00, for a total transaction of $10,230,445.00. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, VP Chancey E. Hagerty sold 2,250 shares of the stock in a transaction dated Thursday, January 29th. The stock was sold at an average price of $115.59, for a total transaction of $260,077.50. Following the transaction, the vice president owned 8,477 shares of the company’s stock, valued at $979,856.43. This represents a 20.98% decrease in their position. The SEC filing for this sale provides additional information. In the last ninety days, insiders sold 115,217 shares of company stock worth $14,771,523. Insiders own 0.33% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the business. Dorato Capital Management bought a new position in shares of PPG Industries in the fourth quarter worth $26,000. Quarry LP bought a new stake in shares of PPG Industries during the third quarter valued at about $26,000. Steigerwald Gordon & Koch Inc. purchased a new stake in shares of PPG Industries in the third quarter worth about $26,000. Resources Management Corp CT ADV boosted its position 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 valued at $26,000 after acquiring an additional 225 shares during the period. Finally, Vermillion & White Wealth Management Group LLC increased its holdings in PPG Industries by 100.7% during the 2nd quarter. Vermillion & White Wealth Management Group LLC now owns 273 shares of the specialty chemicals company’s stock worth $31,000 after acquiring an additional 137 shares during the period. 81.86% of the stock is owned by institutional investors.

About PPG Industries

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.