PPG Industries (NYSE:PPG) Given New $130.00 Price Target at The Goldman Sachs Group

Key Points

• Goldman Sachs lowered its price target on PPG to $130 from $134, a level the firm says implies roughly a 20.9% upside from the prior close.
• Analyst consensus remains a Hold with an average price target of $121.79 (six Buy, eleven Hold), reflecting mixed broker actions such as Mizuho's raise to $125 and Jefferies' cut to $116.
• PPG beat Q1 estimates (EPS $1.83 vs. $1.78), reported revenue up 6.7% year‑over‑year, and reaffirmed FY‑2026 guidance of $7.70–$8.10 EPS.

PPG Industries (NYSE:PPG - Get Free Report) had its price target dropped by stock analysts at The Goldman Sachs Group from $134.00 to $130.00 in a report released on Friday,MarketScreener reports. The Goldman Sachs Group's target price would suggest a potential upside of 20.90% from the company's previous close.

Several other brokerages also recently issued reports on PPG. Weiss Ratings reiterated a "hold (c-)" rating on shares of PPG Industries in a research note on Wednesday, January 28th. Jefferies Financial Group dropped their target price on shares of PPG Industries from $125.00 to $116.00 and set a "hold" rating on the stock in a report on Thursday, March 26th. Wells Fargo & Company dropped their target price on shares of PPG Industries from $135.00 to $130.00 and set an "overweight" rating on the stock in a report on Friday, April 10th. Zacks Research raised shares of PPG Industries from a "strong sell" rating to a "hold" rating in a research report on Friday, January 23rd. Finally, Mizuho boosted their target price on shares of PPG Industries from $115.00 to $125.00 and gave the stock an "outperform" rating in a research report on Wednesday. Six research analysts have rated the stock with a Buy rating and eleven have assigned a Hold rating to the stock. According to data from MarketBeat, the company presently has an average rating of "Hold" and a consensus price target of $121.79.

PPG Industries Price Performance

PPG stock opened at $107.52 on Friday. The stock has a 50-day moving average price of $109.44 and a two-hundred day moving average price of $107.41. The stock has a market cap of $24.06 billion, a PE ratio of 15.34, a price-to-earnings-growth ratio of 1.50 and a beta of 1.06. The company has a current ratio of 1.61, a quick ratio of 1.22 and a debt-to-equity ratio of 0.78. PPG Industries has a 1 year low of $93.39 and a 1 year high of $133.43.

PPG Industries (NYSE:PPG - Get Free Report) last released its earnings results on Tuesday, April 28th. The specialty chemicals company reported $1.83 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.78 by $0.05. The firm had revenue of $3.93 billion during the quarter, compared to analysts' expectations of $3.85 billion. PPG Industries had a return on equity of 21.68% and a net margin of 9.83%.The company's revenue was up 6.7% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.72 EPS. PPG Industries has set its FY 2026 guidance at 7.700-8.100 EPS. Equities analysts forecast that PPG Industries will post 7.95 EPS for the current fiscal year.

Insider Transactions at PPG Industries

In other PPG Industries news, VP Anne M. Foulkes sold 3,594 shares of the business's stock in a transaction dated Friday, February 20th. The shares were sold at an average price of $124.61, for a total value of $447,848.34. Following the transaction, the vice president directly owned 15,641 shares in the company, valued at $1,949,025.01. The trade was a 18.68% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Vincent J. Morales sold 78,095 shares of the stock in a transaction on Friday, February 13th. The stock was sold at an average price of $131.00, for a total transaction of $10,230,445.00. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 111,361 shares of company stock valued at $14,387,293 over the last ninety days. 0.33% of the stock is currently owned by insiders.

Hedge Funds Weigh In On PPG Industries

Several institutional investors and hedge funds have recently made changes to their positions in PPG. Pzena Investment Management LLC grew its holdings in shares of PPG Industries by 306.2% during the 4th quarter. Pzena Investment Management LLC now owns 7,098,767 shares of the specialty chemicals company's stock valued at $727,340,000 after purchasing an additional 5,351,103 shares during the last quarter. Wellington Management Group LLP grew its holdings in shares of PPG Industries by 19.9% during the 3rd quarter. Wellington Management Group LLP now owns 15,159,770 shares of the specialty chemicals company's stock valued at $1,593,443,000 after purchasing an additional 2,521,004 shares during the last quarter. Franklin Resources Inc. grew its holdings in shares of PPG Industries by 48.9% during the 4th quarter. Franklin Resources Inc. now owns 6,990,595 shares of the specialty chemicals company's stock valued at $716,256,000 after purchasing an additional 2,295,118 shares during the last quarter. Norges Bank bought a new position in shares of PPG Industries during the 4th quarter valued at $209,355,000. Finally, Bank of Montreal Can boosted its position in PPG Industries by 254.9% during the 4th quarter. Bank of Montreal Can now owns 1,334,707 shares of the specialty chemicals company's stock valued at $136,754,000 after buying an additional 958,580 shares during the period. Institutional investors own 81.86% of the company's stock.

Key PPG Industries News

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

• Positive Sentiment: PPG beat Q1 estimates and reaffirmed FY‑2026 guidance ($7.70–$8.10 EPS); management highlighted pricing power and sales growth, which supports longer‑term earnings expectations. Earnings Highlights
• Positive Sentiment: Mizuho raised its price target to $125 and kept an “outperform” rating — a material upward revision that signals analyst confidence in PPG’s recovery and supports upside sentiment. Mizuho PT Raise
• Neutral Sentiment: BNP Paribas nudged its target to $116 — a modest upgrade that marginally raises consensus valuation but is not a major change to the market narrative. BNP PT Raise
• Neutral Sentiment: UBS increased its price target to $116 while maintaining a “neutral” rating — another small lift but still a neutral stance from a large shop. UBS PT Raise
• Neutral Sentiment: Citigroup slightly raised its target to $114 and kept a neutral rating — consistent with a cautious tone despite the beat. Citigroup PT Raise
• Neutral Sentiment: PPG’s IT team received recognition as “Tech Team of the Year,” which is positive for operational capability but unlikely to move near‑term valuation materially. IT Team Award
• Negative Sentiment: Autobody reporting highlighted a decline in the refinish segment driven by distributor destocking — an operational headwind that trimmed segment revenue and likely pressured near‑term margin visibility. Refinish Decline
• Negative Sentiment: JPMorgan trimmed its target slightly to $125 (from $126) — a small negative signal relative to some larger upward revisions and a reminder of differing analyst views on upside. JPMorgan PT Trim

About PPG Industries

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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