PPG Industries (NYSE:PPG) Stock Price Expected to Rise, Citigroup Analyst Says

PPG Industries (NYSE:PPG) had its price objective increased by research analysts at Citigroup from $114.00 to $125.00 in a note issued to investors on Wednesday,MarketScreener reports. The firm presently has a “neutral” rating on the specialty chemicals company’s stock. Citigroup’s price target would indicate a potential upside of 3.84% from the stock’s current price.

Several other equities research analysts also recently weighed in on PPG. JPMorgan Chase & Co. reduced their target price on shares of PPG Industries from $126.00 to $125.00 in a research note on Thursday, April 30th. BMO Capital Markets lifted their price target on shares of PPG Industries from $135.00 to $140.00 and gave the stock an “outperform” rating in a research note on Monday, June 15th. Mizuho upped their price target on shares of PPG Industries from $115.00 to $125.00 and gave the company an “outperform” rating in a report on Wednesday, April 29th. BNP Paribas Exane increased their price objective on shares of PPG Industries from $115.00 to $116.00 in a research report on Thursday, April 30th. Finally, Weiss Ratings raised shares of PPG Industries from a “hold (c-)” rating to a “hold (c)” rating in a research note on Wednesday, June 17th. Six analysts have rated the stock with a Buy rating and eleven have issued a Hold rating to the company. According to data from MarketBeat.com, PPG Industries has an average rating of “Hold” and a consensus price target of $123.73.

PPG Industries Trading Up 2.3%

Shares of NYSE:PPG traded up $2.68 during trading on Wednesday, hitting $120.38. The company had a trading volume of 46,028 shares, compared to its average volume of 2,113,023. The stock has a market cap of $26.83 billion, a price-to-earnings ratio of 17.21, a price-to-earnings-growth ratio of 1.74 and a beta of 1.06. The company has a debt-to-equity ratio of 0.78, a current ratio of 1.61 and a quick ratio of 1.17. The company has a fifty day simple moving average of $111.34 and a two-hundred day simple moving average of $110.77. PPG Industries has a one year low of $93.39 and a one year high of $133.43.

PPG Industries (NYSE:PPG) last released its earnings results on Tuesday, April 28th. The specialty chemicals company reported $1.83 earnings per share for the quarter, beating the consensus estimate of $1.78 by $0.05. The firm had revenue of $3.93 billion for the quarter, compared to the consensus estimate 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 for the quarter was up 6.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.72 EPS. PPG Industries has set its FY 2026 guidance at 7.700-8.100 EPS. As a group, equities analysts forecast that PPG Industries will post 7.92 earnings per share for the current year.

Hedge Funds Weigh In On PPG Industries

Institutional investors have recently modified their holdings of the stock. Dorato Capital Management purchased a new position in PPG Industries during the 4th quarter worth $26,000. Resources Management Corp CT ADV lifted its holdings in shares of PPG Industries by 900.0% in the 4th quarter. Resources Management Corp CT ADV now owns 250 shares of the specialty chemicals company’s stock worth $26,000 after buying an additional 225 shares during the period. Quarry LP purchased a new stake in shares of PPG Industries in the 3rd quarter worth $26,000. Aster Capital Management DIFC Ltd bought a new position in shares of PPG Industries during the 4th quarter worth $30,000. Finally, Essential Partners LLC raised its holdings in shares of PPG Industries by 59.3% in the first quarter. Essential Partners LLC now owns 301 shares of the specialty chemicals company’s stock valued at $32,000 after acquiring an additional 112 shares in the last quarter. 81.86% of the stock is owned by hedge funds and other institutional investors.

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.