UBS Group Issues Positive Forecast for PPG Industries (NYSE:PPG) Stock Price

PPG Industries (NYSE:PPG - Get Free Report) had its price objective upped by equities researchers at UBS Group from $111.00 to $125.00 in a research note issued to investors on Wednesday,Benzinga reports. The brokerage currently has a "neutral" rating on the specialty chemicals company's stock. UBS Group's price objective would indicate a potential upside of 6.53% from the stock's previous close.

A number of other analysts also recently issued reports on PPG. Deutsche Bank Aktiengesellschaft lifted their price objective on PPG Industries from $125.00 to $140.00 and gave the stock a "buy" rating in a research note on Monday, May 12th. Royal Bank Of Canada boosted their price target on shares of PPG Industries from $112.00 to $113.00 and gave the stock a "sector perform" rating in a research report on Friday, May 2nd. Bank of America reiterated a "neutral" rating and set a $126.00 price objective (down previously from $143.00) on shares of PPG Industries in a research report on Tuesday, April 15th. Citigroup lifted their price objective on shares of PPG Industries from $125.00 to $130.00 and gave the stock a "buy" rating in a research note on Friday, June 13th. Finally, JPMorgan Chase & Co. decreased their target price on shares of PPG Industries from $115.00 to $105.00 and set a "neutral" rating on the stock in a research report on Thursday, May 1st. Nine analysts have rated the stock with a hold rating, six have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, PPG Industries presently has an average rating of "Moderate Buy" and an average price target of $131.83.

PPG Industries Price Performance

Shares of NYSE:PPG traded down $1.73 during midday trading on Wednesday, reaching $117.34. 770,595 shares of the company were exchanged, compared to its average volume of 1,858,167. The stock has a market cap of $26.64 billion, a PE ratio of 25.13, a price-to-earnings-growth ratio of 2.49 and a beta of 1.16. The business's fifty day moving average is $112.51 and its two-hundred day moving average is $112.20. PPG Industries has a one year low of $90.24 and a one year high of $137.24. The company has a current ratio of 1.35, a quick ratio of 0.99 and a debt-to-equity ratio of 0.79.

PPG Industries (NYSE:PPG - Get Free Report) last issued its quarterly earnings data on Tuesday, April 29th. The specialty chemicals company reported $1.72 earnings per share for the quarter, beating analysts' consensus estimates of $1.62 by $0.10. PPG Industries had a return on equity of 24.84% and a net margin of 6.49%. The firm had revenue of $3.68 billion during the quarter, compared to analyst estimates of $3.67 billion. During the same quarter last year, the business posted $1.87 earnings per share. The business's quarterly revenue was down 4.3% compared to the same quarter last year. As a group, analysts predict that PPG Industries will post 7.95 earnings per share for the current year.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of PPG. Park Square Financial Group LLC purchased a new stake in shares of PPG Industries in the fourth quarter worth approximately $26,000. Cheviot Value Management LLC bought a new position in PPG Industries in the 1st quarter valued at $26,000. CVA Family Office LLC increased its stake in PPG Industries by 70.6% in the first quarter. CVA Family Office LLC now owns 273 shares of the specialty chemicals company's stock worth $30,000 after purchasing an additional 113 shares during the period. Headlands Technologies LLC bought a new stake in shares of PPG Industries during the first quarter worth $30,000. Finally, Prudent Man Investment Management Inc. purchased a new stake in shares of PPG Industries during the fourth quarter valued at $36,000. Hedge funds and other institutional investors own 81.86% of the company's stock.

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.