PPG Industries (NYSE:PPG) Raised to Strong-Buy at Barclays

Key Points

• Barclays upgraded PPG Industries to “strong buy,” adding to a generally positive analyst outlook. MarketBeat reports a consensus “moderate buy” rating and an average price target of $126.12.
• PPG shares opened at $104.96, below the $126.12 consensus target, with a 52-week range of $93.39 to $133.43. The company has a market capitalization of approximately $23.33 billion.
• PPG’s latest quarterly revenue rose 7.2% year over year to $4.50 billion, exceeding expectations, though adjusted EPS of $2.23 narrowly missed the $2.25 consensus estimate. Analysts forecast full-year EPS of $7.89.

PPG Industries (NYSE:PPG - Get Free Report) was upgraded by Barclays to a "strong-buy" rating in a note issued to investors on Monday, Zacks reports.

PPG has been the topic of a number of other research reports. KeyCorp assumed coverage on shares of PPG Industries in a research note on Friday, September 11th. They set an "overweight" rating and a $133.00 price target on the stock. Sanford C. Bernstein reiterated an "outperform" rating and set a $136.00 price objective on shares of PPG Industries in a research note on Thursday, September 24th. UBS Group dropped their price objective on shares of PPG Industries from $125.00 to $116.00 and set a "neutral" rating on the stock in a report on Monday, October 5th. The Goldman Sachs Group reissued a "buy" rating and set a $128.00 price objective on shares of PPG Industries in a report on Friday, October 9th. Finally, Mizuho upped their target price on PPG Industries from $125.00 to $135.00 and gave the company an "outperform" rating in a research report on Wednesday, July 1st. One investment analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and nine have assigned a Hold rating to the company's stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $126.12.

PPG Industries Price Performance

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

PPG Industries (NYSE:PPG - Get Free Report) last announced its quarterly earnings data on Tuesday, July 28th. The specialty chemicals company reported $2.23 EPS for the quarter, missing the consensus estimate of $2.25 by ($0.02). The company had revenue of $4.50 billion during the quarter, compared to analysts' expectations of $4.37 billion. PPG Industries had a net margin of 9.57% and a return on equity of 21.07%. The business's revenue for the quarter was up 7.2% compared to the same quarter last year. During the same period in the previous year, the business earned $2.22 earnings per share. PPG Industries has set its FY 2026 guidance at 7.700-8.100 EPS. As a group, equities analysts forecast that PPG Industries will post 7.89 earnings per share for the current fiscal year.

Hedge Funds Weigh In On PPG Industries

Institutional investors and hedge funds have recently modified their holdings of the stock. Meeder Asset Management Inc. acquired a new stake in PPG Industries during the 2nd quarter worth $26,000. Keating Financial Advisory Services Inc. acquired a new stake in shares of PPG Industries in the second quarter valued at about $28,000. Community Bank N.A. acquired a new stake in shares of PPG Industries in the second quarter valued at about $28,000. Pin Oak Investment Advisors Inc. purchased a new position in shares of PPG Industries in the second quarter worth about $29,000. Finally, Silvant Capital Management LLC purchased a new position in shares of PPG Industries in the second quarter worth about $30,000. Institutional investors and hedge funds own 81.86% of the company's stock.

About PPG Industries

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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