PPG Industries (NYSE:PPG) Raised to “Strong-Buy” at Barclays

PPG Industries (NYSE:PPG) was upgraded by equities research analysts at Barclays to a “strong-buy” rating in a report issued on Monday, Zacks reports.

Several other research firms have also recently commented on PPG. Wall Street Zen cut PPG Industries from a “buy” rating to a “hold” rating in a research note on Saturday, August 1st. Bank of America upgraded PPG Industries from a “neutral” rating to a “buy” rating and upped their price target for the stock from $127.00 to $134.00 in a report on Friday, July 17th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of PPG Industries in a research report on Monday, September 14th. Royal Bank Of Canada decreased their price objective on PPG Industries from $122.00 to $115.00 and set a “sector perform” rating for the company in a research note on Friday, October 9th. Finally, Mizuho lifted their price objective on PPG Industries from $125.00 to $135.00 and gave the company an “outperform” rating in a research note on Wednesday, July 1st. One equities research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and nine have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $126.12.

PPG Industries Stock Performance

NYSE:PPG opened at $104.96 on Monday. The company has a fifty day simple moving average of $109.38 and a two-hundred day simple moving average of $111.66. The company has a market cap of $23.33 billion, a price-to-earnings ratio of 15.04, a price-to-earnings-growth ratio of 1.69 and a beta of 1.06. The company has a quick ratio of 1.15, a current ratio of 1.58 and a debt-to-equity ratio of 0.72. PPG Industries has a 52 week low of $93.39 and a 52 week high of $133.43.

PPG Industries (NYSE:PPG) last posted its quarterly earnings data on Tuesday, July 28th. The specialty chemicals company reported $2.23 earnings per share for the quarter, missing analysts’ consensus estimates of $2.25 by ($0.02). The company had revenue of $4.50 billion for the quarter, compared to analysts’ expectations of $4.37 billion. PPG Industries had a return on equity of 21.07% and a net margin of 9.57%. The firm’s revenue was up 7.2% compared to the same quarter last year. During the same period in the prior year, the company posted $2.22 EPS. PPG Industries has set its FY 2026 guidance at 7.700-8.100 EPS. As a group, equities analysts anticipate that PPG Industries will post 7.89 earnings per share for the current fiscal year.

Institutional Investors Weigh In On PPG Industries

Large investors have recently modified their holdings of the company. Bank of Nova Scotia purchased a new stake in shares of PPG Industries during the 2nd quarter worth approximately $2,850,000. Legal & General Group Plc acquired a new position in shares of PPG Industries in the 2nd quarter valued at $169,096,000. Bank of America Corp DE acquired a new position in shares of PPG Industries in the 2nd quarter valued at $278,965,000. PensionDanmark Pensionsforsikringsaktieselskab boosted its holdings in shares of PPG Industries by 38.8% in the 2nd quarter. PensionDanmark Pensionsforsikringsaktieselskab now owns 46,861 shares of the specialty chemicals company’s stock valued at $5,684,000 after buying an additional 13,101 shares in the last quarter. Finally, Glenview Trust Co purchased a new position in shares of PPG Industries in the 2nd quarter valued at $1,931,000. 81.86% of the stock is owned by hedge funds and other institutional investors.

About PPG Industries

PPG Industries, Inc is a global manufacturer of paints, coatings and specialty materials. Founded in 1883 as Pittsburgh Plate Glass, the company originally produced plate glass and later expanded into coatings and related technologies. Today, PPG’s products are used to protect, decorate and improve the performance of vehicles, aircraft, buildings, industrial equipment and consumer goods.

PPG serves the automotive, aerospace, construction, industrial, marine, packaging and consumer-product markets.