PPG Industries (NYSE:PPG) Rating Increased to Strong-Buy at KeyCorp

Key Points

• KeyCorp upgraded PPG Industries to “strong buy” and projected EPS of $2.11 for Q3 2026, $1.72 for Q4 2026, $8.45 for FY2027 and $9.45 for FY2028.
• PPG’s broader analyst consensus remains “Moderate Buy,” with a $126 average price target; ratings include one Strong Buy, seven Buys and nine Holds.
• The company’s latest quarter showed 7.2% year-over-year revenue growth to $4.50 billion, though EPS of $2.23 slightly missed estimates. Institutional investors and hedge funds own 81.86% of the stock.

PPG Industries (NYSE:PPG - Get Free Report) was upgraded by research analysts at KeyCorp to a "strong-buy" rating in a report issued on Thursday, Zacks reports. KeyCorp also issued estimates for PPG Industries' Q3 2026 earnings at $2.11 EPS, Q4 2026 earnings at $1.72 EPS, FY2027 earnings at $8.45 EPS and FY2028 earnings at $9.45 EPS.

PPG has been the subject of several other research reports. Citigroup cut their price objective on PPG Industries from $125.00 to $121.00 and set a "neutral" rating for the company in a report on Thursday, July 30th. Bank of America raised shares of PPG Industries from a "neutral" rating to a "buy" rating and upped their price target for the stock from $127.00 to $134.00 in a research report on Friday, July 17th. Weiss Ratings upgraded shares of PPG Industries from a "hold (c-)" rating to a "hold (c)" rating in a research note on Wednesday, June 17th. Royal Bank Of Canada decreased their price objective on shares of PPG Industries from $129.00 to $122.00 and set a "sector perform" rating for the company in a research report on Thursday, July 30th. Finally, Mizuho boosted 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. One research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and nine have assigned a Hold rating to the company's stock. According to data from MarketBeat, PPG Industries presently has an average rating of "Moderate Buy" and a consensus price target of $126.00.

PPG Industries Stock Performance

PPG opened at $104.89 on Thursday. The business's 50-day simple moving average is $114.72 and its 200 day simple moving average is $112.40. PPG Industries has a 52-week low of $93.39 and a 52-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 $23.32 billion, a PE ratio of 15.03, a PEG ratio of 1.74 and a beta of 1.07.

PPG Industries (NYSE:PPG - Get Free Report) last posted its quarterly earnings results on Tuesday, July 28th. The specialty chemicals company reported $2.23 earnings per share for the quarter, missing analysts' consensus estimates of $2.25 by ($0.02). The company had revenue of $4.50 billion during 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 for the quarter was up 7.2% compared to the same quarter last year. During the same quarter in the prior 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, sell-side analysts expect that PPG Industries will post 7.89 earnings per share for the current fiscal year.

Hedge Funds Weigh In On PPG Industries

Several institutional investors and hedge funds have recently modified their holdings of PPG. Meeder Asset Management Inc. acquired a new stake in shares of PPG Industries during the 2nd quarter worth about $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 period. Quarry LP bought a new position in PPG Industries in the 3rd quarter valued at about $26,000. Keating Financial Advisory Services Inc. acquired a new stake in PPG Industries during the second quarter worth approximately $28,000. Finally, Community Bank N.A. bought a new stake in shares of PPG Industries during the second quarter worth approximately $28,000. 81.86% of the stock is currently owned by institutional investors and hedge funds.

About PPG Industries

PPG Industries, Inc is a global manufacturer of paints, coatings and specialty materials. The company supplies protective and decorative coatings used in automotive, aerospace, industrial, marine, packaging and consumer applications. Its products are designed to protect surfaces, improve appearance and provide specialized performance characteristics such as corrosion resistance and durability.

PPG's portfolio includes automotive refinish coatings, original-equipment automotive coatings, aerospace coatings, industrial and protective coatings, packaging coatings, and architectural paints and coatings.

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