Wells Fargo & Company Issues Pessimistic Forecast for PPG Industries (NYSE:PPG) Stock Price

Key Points

• Wells Fargo cut its price target for PPG to $130 from $135 but kept an overweight rating, implying roughly a 17.4% upside from the current share price.
• The analyst consensus is a Hold with an average price target of $120.14, below Wells Fargo’s revised target.
• PPG reported quarterly EPS miss ($1.51 vs. $1.57 expected) while revenue rose 5% year-over-year, and it set FY2026 guidance of 7.700–8.100 EPS (analysts expect 7.95).

PPG Industries (NYSE:PPG - Get Free Report) had its target price cut by investment analysts at Wells Fargo & Company from $135.00 to $130.00 in a research note issued to investors on Friday,MarketScreener reports. The firm presently has an "overweight" rating on the specialty chemicals company's stock. Wells Fargo & Company's price target suggests a potential upside of 17.39% from the stock's current price.

Other analysts have also recently issued research reports about the stock. JPMorgan Chase & Co. boosted their target price on shares of PPG Industries from $117.00 to $126.00 and gave the stock an "overweight" rating in a research note on Thursday, January 29th. Bank of America reduced their target price on PPG Industries from $118.00 to $116.00 and set a "neutral" rating for the company in a report on Thursday, January 8th. The Goldman Sachs Group boosted their price target on PPG Industries from $118.00 to $132.00 and gave the stock a "buy" rating in a research report on Thursday, January 29th. KeyCorp restated a "sector weight" rating on shares of PPG Industries in a report on Thursday, January 29th. Finally, Evercore upped their target price on shares of PPG Industries from $112.00 to $128.00 in a report on Wednesday, February 18th. One equities research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and eleven have given a Hold rating to the stock. According to data from MarketBeat, PPG Industries presently has an average rating of "Hold" and a consensus price target of $120.14.

PPG Industries Stock Performance

Shares of PPG stock opened at $110.74 on Friday. The company has a current ratio of 1.62, a quick ratio of 1.22 and a debt-to-equity ratio of 0.82. PPG Industries has a 12-month low of $93.39 and a 12-month high of $133.43. The business's 50 day moving average is $114.17 and its two-hundred day moving average is $106.72. The company has a market capitalization of $24.78 billion, a P/E ratio of 15.93, a P/E/G ratio of 1.67 and a beta of 1.16.

PPG Industries (NYSE:PPG - Get Free Report) last announced its earnings results on Tuesday, January 27th. The specialty chemicals company reported $1.51 earnings per share for the quarter, missing the consensus estimate of $1.57 by ($0.06). PPG Industries had a return on equity of 22.30% and a net margin of 9.93%.The business had revenue of $3.91 billion for the quarter, compared to analyst estimates of $3.77 billion. During the same period in the previous year, the company earned $1.61 earnings per share. The company's quarterly revenue was up 5.0% compared to the same quarter last year. PPG Industries has set its FY 2026 guidance at 7.700-8.100 EPS. Analysts expect that PPG Industries will post 7.95 EPS for the current fiscal year.

Insider Buying and Selling at PPG Industries

In other news, VP Anne M. Foulkes sold 3,594 shares of the stock in a transaction that occurred on Friday, February 20th. The shares were sold at an average price of $124.61, for a total value of $447,848.34. Following the completion of the sale, the vice president owned 15,641 shares of the company's stock, valued at $1,949,025.01. This represents a 18.68% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, VP Chancey E. Hagerty sold 2,250 shares of PPG Industries stock in a transaction that occurred on Thursday, January 29th. The shares were sold at an average price of $115.59, for a total transaction of $260,077.50. Following the sale, the vice president directly owned 8,477 shares in the company, valued at approximately $979,856.43. The trade was a 20.98% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 118,811 shares of company stock worth $15,219,371 in the last ninety days. 0.33% of the stock is owned by insiders.

Institutional Trading of PPG Industries

A number of hedge funds and other institutional investors have recently modified their holdings of PPG. First Eagle Investment Management LLC lifted its stake in PPG Industries by 12.7% during the third quarter. First Eagle Investment Management LLC now owns 6,263,829 shares of the specialty chemicals company's stock worth $658,391,000 after purchasing an additional 703,549 shares in the last quarter. Dimensional Fund Advisors LP lifted its stake in PPG Industries by 1.5% during the 3rd quarter. Dimensional Fund Advisors LP now owns 3,020,138 shares of the specialty chemicals company's stock worth $317,421,000 after acquiring an additional 43,702 shares in the last quarter. Walnut Level Capital LLC boosted its holdings in PPG Industries by 46.8% during the 2nd quarter. Walnut Level Capital LLC now owns 62,754 shares of the specialty chemicals company's stock valued at $7,138,000 after acquiring an additional 20,000 shares during the period. GAM Holding AG grew its position in PPG Industries by 97.5% in the 3rd quarter. GAM Holding AG now owns 21,281 shares of the specialty chemicals company's stock valued at $2,237,000 after acquiring an additional 10,508 shares in the last quarter. Finally, Wellington Management Group LLP increased its stake in PPG Industries by 19.9% during the third quarter. Wellington Management Group LLP now owns 15,159,770 shares of the specialty chemicals company's stock worth $1,593,443,000 after purchasing an additional 2,521,004 shares during the period. 81.86% of the stock is owned by institutional investors and hedge funds.

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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