PPG Industries (NYSE:PPG) Price Target Cut to $116.00 by Analysts at UBS Group

Key Points

• UBS Group lowered its price target for PPG Industries from $125 to $116 while maintaining a “neutral” rating. The new target implies approximately 10.13% upside from the stock’s reported price of $105.33.
• Analyst sentiment remains mixed, with eight Buy ratings and nine Hold ratings; MarketBeat reports an overall consensus rating of “Hold” and an average price target of $126.06.
• PPG reported quarterly EPS of $2.23, slightly below expectations, while revenue of $4.50 billion exceeded estimates and increased 7.2% year over year. Institutional investors and hedge funds own approximately 81.86% of the company’s shares.

PPG Industries (NYSE:PPG - Get Free Report) had its target price lowered by analysts at UBS Group from $125.00 to $116.00 in a research note issued on Monday, Benzinga reports. The brokerage currently has a "neutral" rating on the specialty chemicals company's stock. UBS Group's price target points to a potential upside of 10.13% from the stock's current price.

PPG has been the subject of several other research reports. Sanford C. Bernstein restated an "outperform" rating and set a $136.00 target price on shares of PPG Industries in a research note on Thursday, September 24th. BMO Capital Markets dropped their price target on PPG Industries from $140.00 to $138.00 and set an "outperform" rating on the stock in a research report on Monday, July 6th. Wall Street Zen cut PPG Industries from a "buy" rating to a "hold" rating in a research report on Saturday, August 1st. Mizuho raised their price objective on shares of PPG Industries from $125.00 to $135.00 and gave the stock an "outperform" rating in a research note on Wednesday, July 1st. Finally, Weiss Ratings reaffirmed a "hold (c)" rating on shares of PPG Industries in a research report on Monday, September 14th. Eight analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the stock. According to data from MarketBeat, PPG Industries has an average rating of "Hold" and a consensus target price of $126.06.

PPG Industries Stock Performance

PPG traded up $0.18 during trading on Monday, hitting $105.33. The stock had a trading volume of 1,550,113 shares, compared to its average volume of 1,985,050. The firm has a market cap of $23.42 billion, a PE ratio of 15.09, a P/E/G ratio of 1.70 and a beta of 1.06. PPG Industries has a 12 month low of $93.39 and a 12 month high of $133.43. The company has a current ratio of 1.58, a quick ratio of 1.15 and a debt-to-equity ratio of 0.72. The company has a 50 day simple moving average of $111.04 and a 200-day simple moving average of $111.50.

PPG Industries (NYSE:PPG - Get Free Report) last released its quarterly earnings results 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 firm 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%. The firm's revenue was up 7.2% on a year-over-year basis. During the same quarter last year, the company earned $2.22 earnings per share. PPG Industries has set its FY 2026 guidance at 7.700-8.100 EPS. Analysts expect that PPG Industries will post 7.89 EPS for the current year.

Hedge Funds Weigh In On PPG Industries

A number of hedge funds have recently made changes to their positions in PPG. Meeder Asset Management Inc. bought a new position in PPG Industries during the second quarter worth about $26,000. Keating Financial Advisory Services Inc. bought a new position in shares of PPG Industries during the 2nd quarter worth approximately $28,000. Community Bank N.A. acquired a new stake in PPG Industries in the 2nd quarter valued at $28,000. Pin Oak Investment Advisors Inc. acquired a new stake in PPG Industries in the 2nd quarter valued at $29,000. Finally, Silvant Capital Management LLC bought a new stake in PPG Industries in the second quarter valued at $30,000. Institutional investors and hedge funds 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.

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