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

PPG Industries (NYSE:PPG) had its target price upped by equities researchers at UBS Group from $110.00 to $116.00 in a report released on Thursday,MarketScreener reports. The firm currently has a “neutral” rating on the specialty chemicals company’s stock. UBS Group’s target price points to a potential upside of 6.26% from the company’s previous close.

A number of other equities research analysts have also weighed in on the company. Bank of America lowered their price objective on PPG Industries from $118.00 to $116.00 and set a “neutral” rating on the stock in a report on Thursday, January 8th. Zacks Research raised PPG Industries from a “strong sell” rating to a “hold” rating in a research note on Friday, January 23rd. Deutsche Bank Aktiengesellschaft boosted their price target on PPG Industries from $120.00 to $130.00 in a research note on Friday, March 27th. Mizuho boosted their price target on PPG Industries from $115.00 to $125.00 and gave the stock an “outperform” rating in a research note on Wednesday. Finally, JPMorgan Chase & Co. decreased their price target on PPG Industries from $126.00 to $125.00 in a research note on Thursday. Six research analysts have rated the stock with a Buy rating and eleven have assigned a Hold rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $122.07.

PPG Industries Stock Performance

PPG traded up $0.67 during trading on Thursday, reaching $109.17. The company’s stock had a trading volume of 55,179 shares, compared to its average volume of 2,216,957. PPG Industries has a 52-week low of $93.39 and a 52-week high of $133.43. The company’s fifty day moving average price is $109.44 and its 200-day moving average price is $107.41. The company has a market capitalization of $24.43 billion, a price-to-earnings ratio of 15.56, a price-to-earnings-growth ratio of 1.45 and a beta of 1.16. The company has a debt-to-equity ratio of 0.82, a quick ratio of 1.22 and a current ratio of 1.61.

PPG Industries (NYSE:PPG) last announced its quarterly earnings data on Tuesday, April 28th. The specialty chemicals company reported $1.83 earnings per share for the quarter, beating analysts’ consensus estimates of $1.78 by $0.05. PPG Industries had a return on equity of 21.90% and a net margin of 9.83%.The company had revenue of $3.93 billion for the quarter, compared to analyst estimates of $3.85 billion. During the same quarter in the previous year, the company earned $1.72 EPS. The firm’s revenue for the quarter 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. On average, equities analysts forecast that PPG Industries will post 7.94 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, VP Anne M. Foulkes sold 3,594 shares of the company’s stock in a transaction that occurred on Friday, February 20th. The stock was sold at an average price of $124.61, for a total value of $447,848.34. Following the sale, the vice president owned 15,641 shares of the company’s stock, valued at approximately $1,949,025.01. This represents a 18.68% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Vincent J. Morales sold 78,095 shares of the company’s stock in a transaction that occurred on Friday, February 13th. The shares were sold at an average price of $131.00, for a total value of $10,230,445.00. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders sold 111,361 shares of company stock worth $14,387,293. 0.33% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. Dorato Capital Management acquired a new position in PPG Industries in the 4th quarter valued at $26,000. Quarry LP acquired a new position in PPG Industries in the 3rd quarter valued at $26,000. Steigerwald Gordon & Koch Inc. acquired a new position in PPG Industries in the 3rd quarter valued at $26,000. Resources Management Corp CT ADV raised its holdings in PPG Industries by 900.0% in the 4th 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 last quarter. Finally, Root Financial Partners LLC acquired a new position in PPG Industries in the 3rd quarter valued at $30,000. 81.86% of the stock is currently owned by institutional investors and hedge funds.

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.