PPG Industries (NYSE:PPG) Stock Gets Price Target Increase from Barclays

Key Points

• Barclays raised its price target for PPG Industries from $136 to $137 and maintained an “overweight” rating, implying approximately 14.7% upside from the reported share price.
• PPG reported quarterly adjusted earnings of $2.25 per share and revenue of $4.35 billion, beating analyst estimates of $2.12 EPS and $4.28 billion in revenue; revenue increased 6.6% year over year.
• Analyst sentiment remains favorable, with a consensus “Moderate Buy” rating and average price target of $126.35, while institutional investors own approximately 81.86% of the company’s shares.

PPG Industries (NYSE:PPG - Get Free Report) had its price target hoisted by equities research analysts at Barclays from $136.00 to $137.00 in a note issued to investors on Thursday, Benzinga reports. The brokerage currently has an "overweight" rating on the specialty chemicals company's stock. Barclays's target price points to a potential upside of 14.72% from the company's current price.

A number of other research firms have also commented on PPG. Weiss Ratings reissued a "hold (c)" rating on shares of PPG Industries in a report on Monday, September 14th. The Goldman Sachs Group reaffirmed a "buy" rating and set a $128.00 price target on shares of PPG Industries in a report on Friday, October 9th. BMO Capital Markets dropped their price objective 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. UBS Group reduced their price objective on PPG Industries from $125.00 to $116.00 and set a "neutral" rating for the company in a report on Monday, October 5th. Finally, Citigroup decreased their target price on PPG Industries from $121.00 to $118.00 and set a "neutral" rating for the company in a research report on Wednesday, September 30th. Nine analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the stock. Based on data from MarketBeat.com, PPG Industries presently has a consensus rating of "Moderate Buy" and a consensus target price of $126.35.

PPG Industries Trading Up 0.8%

PPG Industries stock traded up $0.98 during mid-day trading on Thursday, reaching $119.42. 420,907 shares of the company traded hands, compared to its average volume of 1,978,135. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.58 and a quick ratio of 1.15. PPG Industries has a 52-week low of $93.39 and a 52-week high of $133.43. The firm has a market capitalization of $26.55 billion, a price-to-earnings ratio of 17.10, a P/E/G ratio of 2.04 and a beta of 1.06. The firm's 50 day moving average price is $108.51 and its 200 day moving average price is $112.35.

PPG Industries (NYSE:PPG - Get Free Report) last released its earnings results on Tuesday, October 27th. The specialty chemicals company reported $2.25 EPS for the quarter, beating analysts' consensus estimates of $2.12 by $0.13. PPG Industries had a return on equity of 21.07% and a net margin of 9.57%. The company had revenue of $4.35 billion during the quarter, compared to analysts' expectations of $4.28 billion. During the same quarter last year, the business posted $2.13 EPS. The firm's revenue for the quarter was up 6.6% compared to the same quarter last year. On average, analysts anticipate that PPG Industries will post 7.87 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of PPG. BlackRock Inc. purchased a new stake in shares of PPG Industries during the 2nd quarter valued at about $2,856,392,000. State Street Corp boosted its holdings in shares of PPG Industries by 8.8% in the second quarter. State Street Corp now owns 13,871,116 shares of the specialty chemicals company's stock worth $1,682,428,000 after buying an additional 1,124,109 shares during the last quarter. Pzena Investment Management LLC purchased a new position in shares of PPG Industries in the second quarter worth approximately $946,964,000. Dimensional Fund Advisors LP boosted its holdings in shares of PPG Industries by 2.0% in the first quarter. Dimensional Fund Advisors LP now owns 2,925,343 shares of the specialty chemicals company's stock worth $312,613,000 after buying an additional 58,411 shares during the last quarter. Finally, Bank of New York Mellon Corp bought a new stake in PPG Industries during the second quarter valued at approximately $318,870,000. Institutional investors own 81.86% of the company's stock.

Key Stories Impacting PPG Industries

Here are the key news stories impacting PPG Industries this week:

• Positive Sentiment: Q3 results exceeded expectations: PPG reported adjusted earnings of $2.25 per share, above the $2.12–$2.13 analyst consensus, while revenue rose 6.6% year over year to $4.35 billion, beating estimates of approximately $4.28 billion. PPG Industries Reports Third-Quarter Earnings
• Positive Sentiment: Aerospace and operating execution supported growth: The earnings beat was driven by strength in aerospace, along with higher prices and volumes, signaling continued demand and improved pricing realization in key businesses. PPG Q3 Earnings Beat Estimates
• Positive Sentiment: Full-year outlook improved: PPG projected adjusted 2026 earnings of $7.90 to $8.10 per share and expects fourth-quarter EBITDA margin to improve by as much as 100 basis points. The company also described third-quarter EPS as a record, supporting confidence in its earnings trajectory. PPG Raises Earnings Outlook
• Positive Sentiment: Analysts raised price targets: KeyBanc increased its target to $131, Wells Fargo raised its target to $135 from $130, and Bernstein lifted its target to $137 from $136, reflecting improved expectations following the results. KeyBanc Raises PPG Price Target
• Neutral Sentiment: Technical momentum improved: PPG shares crossed above their 200-day moving average, a potentially constructive technical signal, although some commentary questioned whether the move represented a selling opportunity after the recent advance. PPG Shares Cross Above 200-Day Moving Average

About PPG Industries

PPG Industries, Inc is a global manufacturer of paints, coatings and specialty materials. The company develops products designed to protect, decorate and improve the performance of surfaces and components used in transportation, construction, manufacturing and consumer products.

Its product portfolio includes automotive and commercial vehicle coatings, aerospace coatings, industrial and protective coatings, architectural paints, packaging coatings, and coatings used in marine and other specialty applications.

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