PPG Industries, Inc. (NYSE:PPG) Receives Average Rating of "Hold" from Analysts

Key Points

• Analysts maintain a “Hold” consensus on PPG Industries, with 10 hold ratings and seven buys among 17 analysts. The average 12-month price target is $126, above the reported opening price of $114.43.
• PPG reported quarterly revenue of $4.50 billion, up 7.2% year over year and above expectations, though EPS of $2.23 slightly missed the $2.25 consensus. Full-year EPS guidance is $7.70–$8.10.
• The company raised its quarterly dividend to $0.74 per share from $0.71, representing an annualized dividend of $2.96 and a 2.6% yield.

PPG Industries, Inc. (NYSE:PPG - Get Free Report) has earned a consensus rating of "Hold" from the seventeen ratings firms that are presently covering the company, MarketBeat reports. Ten equities research analysts have rated the stock with a hold recommendation and seven have assigned a buy recommendation to the company. The average 12-month price target among analysts that have covered the stock in the last year is $126.00.

A number of brokerages have commented on PPG. Royal Bank Of Canada dropped their target price on shares of PPG Industries from $129.00 to $122.00 and set a "sector perform" rating on the stock in a research note on Thursday, July 30th. UBS Group lowered their price target on PPG Industries from $130.00 to $125.00 and set a "neutral" rating for the company in a report on Thursday, July 30th. Bank of America raised PPG Industries from a "neutral" rating to a "buy" rating and increased their price objective for the stock from $127.00 to $134.00 in a research note on Friday, July 17th. JPMorgan Chase & Co. reduced their price objective on PPG Industries from $126.00 to $125.00 in a report on Thursday, April 30th. Finally, Wall Street Zen lowered PPG Industries from a "buy" rating to a "hold" rating in a research report on Saturday, August 1st.

More PPG Industries News

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

• Positive Sentiment: Zacks raised its FY2027 EPS forecast to $8.67 from $8.54, increased Q3 2027 EPS to $2.39 from $2.19, and lifted Q1 2027 EPS slightly to $1.86 from $1.85. These changes suggest the firm sees improved earnings potential beyond 2026.
• Positive Sentiment: The analyst’s FY2028 EPS forecast remains robust at $9.34, while Q1 2028 EPS was raised to $2.10 from $2.08 and Q4 2027 EPS to $2.02 from $1.91.
• Neutral Sentiment: Zacks’ current full-year 2026 forecast is now $7.88 per share, essentially in line with the broader consensus estimate of $7.89 and close to PPG’s guidance range midpoint. Its FY2027 and FY2028 projections still indicate year-over-year earnings growth.
• Negative Sentiment: Zacks reduced its FY2026 EPS estimate to $7.88 from $7.93, cut Q3 2026 EPS to $2.13 from $2.15, and lowered Q4 2026 EPS to $1.69 from $1.73. The firm also reduced Q2 2027 EPS to $2.41 from $2.59 and FY2028 EPS slightly to $9.34 from $9.41.

PPG Industries Stock Down 1.5%

Shares of PPG opened at $114.43 on Thursday. The firm has a fifty day moving average price of $117.54 and a 200-day moving average price of $114.01. 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 firm has a market capitalization of $25.44 billion, a P/E ratio of 16.39, a P/E/G ratio of 1.69 and a beta of 1.07. PPG Industries has a 12-month low of $93.39 and a 12-month high of $133.43.

PPG Industries (NYSE:PPG - Get Free Report) last posted its quarterly earnings results 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). PPG Industries had a return on equity of 21.07% and a net margin of 9.57%.The company had revenue of $4.50 billion during the quarter, compared to analysts' expectations of $4.37 billion. During the same period in the prior year, the business earned $2.22 EPS. The company's quarterly revenue was up 7.2% on a year-over-year basis. PPG Industries has set its FY 2026 guidance at 7.700-8.100 EPS. Equities research analysts expect that PPG Industries will post 7.89 earnings per share for the current year.

PPG Industries Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, September 11th. Stockholders of record on Monday, August 10th will be paid a dividend of $0.74 per share. This is an increase from PPG Industries's previous quarterly dividend of $0.71. This represents a $2.96 annualized dividend and a dividend yield of 2.6%. The ex-dividend date is Monday, August 10th. PPG Industries's payout ratio is 42.41%.

Institutional Trading of PPG Industries

Several institutional investors and hedge funds have recently made changes to their positions in PPG. Brighton Jones LLC increased its position in PPG Industries by 9.1% during the 4th quarter. Brighton Jones LLC now owns 4,075 shares of the specialty chemicals company's stock valued at $487,000 after purchasing an additional 339 shares during the period. Integrated Wealth Concepts LLC lifted its position in shares of PPG Industries by 31.4% in the 1st quarter. Integrated Wealth Concepts LLC now owns 3,849 shares of the specialty chemicals company's stock worth $421,000 after purchasing an additional 920 shares during the period. Empowered Funds LLC boosted its stake in shares of PPG Industries by 6.1% during the first quarter. Empowered Funds LLC now owns 26,354 shares of the specialty chemicals company's stock valued at $2,882,000 after purchasing an additional 1,526 shares in the last quarter. Woodline Partners LP boosted its stake in shares of PPG Industries by 40.7% during the first quarter. Woodline Partners LP now owns 19,600 shares of the specialty chemicals company's stock valued at $2,143,000 after purchasing an additional 5,667 shares in the last quarter. Finally, Cresset Asset Management LLC increased its holdings in PPG Industries by 6.2% during the second quarter. Cresset Asset Management LLC now owns 6,346 shares of the specialty chemicals company's stock valued at $722,000 after buying an additional 371 shares during the period. 81.86% of the stock is currently owned by institutional investors.

PPG Industries Company Profile

PPG Industries is a global supplier of paints, coatings and specialty materials that serves industrial, transportation, consumer and construction markets. Founded in 1883 as the Pittsburgh Plate Glass Company, PPG has evolved from its origins in glass manufacturing into a diversified coatings and materials company headquartered in Pittsburgh, Pennsylvania. The company develops and manufactures a broad array of products used to protect and enhance surfaces, from consumer paints to highly engineered coatings for demanding industrial applications.

PPG's product portfolio includes architectural and decorative paints, automotive original equipment and refinish coatings, industrial coatings for machinery and equipment, protective and marine coatings, aerospace and defense coatings, and packaging coatings and materials.

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