PPG Industries, Inc. (NYSE:PPG) Receives Consensus Recommendation of "Moderate Buy" from Analysts

Key Points

• Analysts have given PPG Industries, Inc. a consensus recommendation of "Moderate Buy," with an average one-year price target of $127.73 from the sixteen firms covering the stock.
• Recent analyst reports show a mix of price target adjustments, including Wells Fargo lowering theirs from $135.00 to $132.00, while Royal Bank Of Canada raised their target from $115.00 to $117.00.
• PPG Industries reported earnings per share of $2.22 for the last quarter, aligning with analysts' expectations, but its revenue has declined by 0.9% year-over-year.

PPG Industries, Inc. (NYSE:PPG - Get Free Report) has received a consensus recommendation of "Moderate Buy" from the sixteen ratings firms that are covering the stock, Marketbeat Ratings reports. Eight analysts have rated the stock with a hold recommendation, seven have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1 year price target among analysts that have covered the stock in the last year is $127.7273.

PPG has been the subject of a number of recent analyst reports. Wells Fargo & Company dropped their price target on shares of PPG Industries from $135.00 to $132.00 and set an "overweight" rating for the company in a research report on Friday, October 10th. Citigroup dropped their target price on shares of PPG Industries from $124.00 to $120.00 and set a "buy" rating for the company in a research report on Monday, October 6th. Weiss Ratings restated a "hold (c)" rating on shares of PPG Industries in a research report on Wednesday, October 8th. Royal Bank Of Canada upped their target price on shares of PPG Industries from $115.00 to $117.00 and gave the stock a "sector perform" rating in a research report on Friday, August 1st. Finally, UBS Group decreased their price target on shares of PPG Industries from $125.00 to $115.00 and set a "neutral" rating on the stock in a research note on Monday, October 6th.

Institutional Investors Weigh In On PPG Industries

Hedge funds and other institutional investors have recently made changes to their positions in the company. Cookson Peirce & Co. Inc. increased its position in PPG Industries by 1.9% in the 1st quarter. Cookson Peirce & Co. Inc. now owns 4,862 shares of the specialty chemicals company's stock valued at $532,000 after acquiring an additional 89 shares during the period. Summit Financial LLC increased its position in PPG Industries by 1.3% in the 1st quarter. Summit Financial LLC now owns 7,246 shares of the specialty chemicals company's stock valued at $792,000 after acquiring an additional 90 shares during the period. Lazard Asset Management LLC increased its position in PPG Industries by 6.6% in the 2nd quarter. Lazard Asset Management LLC now owns 1,576 shares of the specialty chemicals company's stock valued at $179,000 after acquiring an additional 97 shares during the period. Conning Inc. increased its position in PPG Industries by 5.5% in the 1st quarter. Conning Inc. now owns 1,881 shares of the specialty chemicals company's stock valued at $206,000 after acquiring an additional 98 shares during the period. Finally, Beacon Capital Management LLC increased its position in PPG Industries by 37.1% in the 1st quarter. Beacon Capital Management LLC now owns 373 shares of the specialty chemicals company's stock valued at $41,000 after acquiring an additional 101 shares during the period. Hedge funds and other institutional investors own 81.86% of the company's stock.

PPG Industries Stock Performance

Shares of NYSE PPG opened at $100.95 on Friday. The firm has a 50 day moving average of $107.60 and a 200 day moving average of $108.81. The company has a current ratio of 1.42, a quick ratio of 1.04 and a debt-to-equity ratio of 0.76. The firm has a market capitalization of $22.78 billion, a price-to-earnings ratio of 22.89, a price-to-earnings-growth ratio of 2.09 and a beta of 1.16. PPG Industries has a 12-month low of $90.24 and a 12-month high of $132.18.

PPG Industries (NYSE:PPG - Get Free Report) last posted its quarterly earnings results on Tuesday, July 29th. The specialty chemicals company reported $2.22 earnings per share for the quarter, hitting analysts' consensus estimates of $2.22. The business had revenue of $4.20 billion during the quarter, compared to analyst estimates of $4.16 billion. PPG Industries had a net margin of 6.25% and a return on equity of 23.85%. The company's revenue was down .9% on a year-over-year basis. During the same period in the prior year, the business posted $2.50 earnings per share. PPG Industries has set its FY 2025 guidance at 7.750-8.050 EPS. On average, research analysts anticipate that PPG Industries will post 7.95 earnings per share for the current year.

PPG Industries Company Profile

PPG Industries, Inc manufactures and distributes paints, coatings, and specialty materials in the United States, Canada, the Asia Pacific, Latin America, Europe, the Middle East, and Africa. It operates through two segments, Performance Coatings and Industrial Coatings. The Performance Coatings segment offers coatings, solvents, adhesives, sealants, sundries, and software for automotive and commercial transport/fleet repair and refurbishing, light industrial coatings, and specialty coatings for signs; wood stains; paints, thermoplastics, pavement marking products, and other advanced technologies for pavement marking for government, commercial infrastructure, painting, and maintenance contractors; and coatings, sealants, transparencies, transparent armor, adhesives, engineered materials, and packaging and chemical management services for commercial, military, regional jet, and general aviation aircraft.

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