PPG Industries, Inc. (NYSE:PPG) Stock Has Average Price Target of $126.62 According to Brokerages

Key Points

• Analyst consensus on PPG is “Hold,” with nine hold ratings and eight buy ratings among 17 analysts. The average 12-month price target is $126.62, above the reported share price of $104.49.
• PPG reported quarterly revenue of $4.50 billion, exceeding estimates of $4.37 billion, though earnings per share of $2.23 narrowly missed the $2.25 consensus. Revenue increased 7.2% year over year.
• The company raised its quarterly dividend to $0.74 per share, or $2.96 annually, representing a 2.8% yield; institutional investors own approximately 81.86% of PPG’s stock.

Shares of PPG Industries, Inc. (NYSE:PPG - Get Free Report) have been assigned an average recommendation of "Hold" from the seventeen ratings firms that are covering the stock, Marketbeat reports. Nine investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company. The average 1-year price objective among brokerages that have issued a report on the stock in the last year is $126.62.

PPG has been the topic of several research analyst reports. Wall Street Zen cut shares of PPG Industries from a "buy" rating to a "hold" rating in a research note on Saturday, August 1st. UBS Group reduced their price target on shares of PPG Industries from $130.00 to $125.00 and set a "neutral" rating for the company in a research note on Thursday, July 30th. Mizuho boosted their price objective on shares of PPG Industries from $125.00 to $135.00 and gave the company an "outperform" rating in a report on Wednesday, July 1st. Sanford C. Bernstein restated an "outperform" rating and set a $136.00 price objective on shares of PPG Industries in a research report on Thursday, September 24th. Finally, Bank of America upgraded shares of PPG Industries from a "neutral" rating to a "buy" rating and raised their target price for the stock from $127.00 to $134.00 in a report on Friday, July 17th.

PPG Industries Stock Performance

Shares of PPG Industries stock opened at $104.49 on Friday. PPG Industries has a 12 month low of $93.39 and a 12 month high of $133.43. The firm has a market capitalization of $23.23 billion, a P/E ratio of 14.97, a P/E/G ratio of 1.69 and a beta of 1.06. 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 business has a fifty day simple moving average of $111.26 and a two-hundred day simple moving average of $111.49.

PPG Industries (NYSE:PPG - Get Free Report) last announced its 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 business 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%. PPG Industries's revenue for the quarter was up 7.2% on a year-over-year basis. During the same period in the prior year, the business posted $2.22 EPS. PPG Industries has set its FY 2026 guidance at 7.700-8.100 EPS. On average, equities analysts forecast that PPG Industries will post 7.89 earnings per share for the current fiscal year.

PPG Industries Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, September 11th. Investors of record on Monday, August 10th were given a dividend of $0.74 per share. This represents a $2.96 annualized dividend and a yield of 2.8%. This is a positive change from PPG Industries's previous quarterly dividend of $0.71. The ex-dividend date was Monday, August 10th. PPG Industries's dividend payout ratio (DPR) is presently 42.41%.

Institutional Trading of PPG Industries

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. BlackRock Inc. bought a new stake in PPG Industries in the 2nd quarter valued at $2,856,392,000. State Street Corp increased 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 purchasing an additional 1,124,109 shares during the last quarter. Pzena Investment Management LLC purchased a new stake in shares of PPG Industries in the second quarter worth about $946,964,000. Franklin Resources Inc. boosted its stake in PPG Industries by 48.9% during the fourth quarter. Franklin Resources Inc. now owns 6,990,595 shares of the specialty chemicals company's stock valued at $716,256,000 after buying an additional 2,295,118 shares during the last quarter. Finally, Bank of New York Mellon Corp bought a new position in PPG Industries during the second quarter valued at approximately $318,870,000. Hedge funds and other institutional investors 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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