PPG Industries (NYSE:PPG) Price Target Cut to $121.00 by Analysts at Citigroup

PPG Industries (NYSE:PPG) had its target price cut by Citigroup from $125.00 to $121.00 in a note issued to investors on Thursday,Benzinga reports. The firm currently has a “neutral” rating on the specialty chemicals company’s stock. Citigroup’s target price would indicate a potential upside of 7.88% from the company’s current price.

Other equities analysts have also issued research reports about the company. UBS Group raised their price target on PPG Industries from $110.00 to $116.00 and gave the company a “neutral” rating in a research note on Thursday, April 30th. Wells Fargo & Company lowered their price target 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. Mizuho upped their price target on PPG Industries from $125.00 to $135.00 and gave the stock an “outperform” rating in a research report on Wednesday, July 1st. Weiss Ratings raised shares of PPG Industries from a “hold (c-)” rating to a “hold (c)” rating in a research report on Wednesday, June 17th. Finally, The Goldman Sachs Group reduced their target price on PPG Industries from $134.00 to $130.00 in a research note on Friday, May 1st. Seven equities research analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $125.40.

PPG Industries Trading Up 0.3%

PPG stock traded up $0.33 during trading on Thursday, hitting $112.16. The company had a trading volume of 2,017,793 shares, compared to its average volume of 2,115,594. PPG Industries has a 52-week low of $93.39 and a 52-week high of $133.43. The company has a 50 day simple moving average of $116.58 and a 200-day simple moving average of $113.60. The firm has a market capitalization of $25.00 billion, a P/E ratio of 16.07, a PEG ratio of 1.75 and a beta of 1.05. The company has a quick ratio of 1.17, a current ratio of 1.61 and a debt-to-equity ratio of 0.78.

PPG Industries (NYSE:PPG) last issued its earnings results on Tuesday, July 28th. The specialty chemicals company reported $2.23 EPS for the quarter, missing analysts’ consensus estimates of $2.25 by ($0.02). PPG Industries had a return on equity of 21.39% and a net margin of 9.57%.The company had revenue of $4.50 billion for the quarter, compared to analysts’ expectations of $4.37 billion. During the same period last year, the business posted $2.22 earnings per share. The business’s revenue was up 7.2% compared to the same quarter last year. PPG Industries has set its FY 2026 guidance at 7.700-8.100 EPS. As a group, research analysts forecast that PPG Industries will post 7.93 earnings per share for the current fiscal year.

Institutional Trading of PPG Industries

Institutional investors and hedge funds have recently made changes to their positions in the business. Nvest Wealth Strategies Inc. acquired a new stake in shares of PPG Industries in the fourth quarter worth approximately $505,000. Cooke & Bieler LP boosted its stake in PPG Industries by 16.7% during the 4th quarter. Cooke & Bieler LP now owns 1,616,672 shares of the specialty chemicals company’s stock worth $165,644,000 after purchasing an additional 231,537 shares during the last quarter. Equity Investment Corp grew its holdings in shares of PPG Industries by 3.4% during the fourth quarter. Equity Investment Corp now owns 995,323 shares of the specialty chemicals company’s stock worth $101,981,000 after buying an additional 32,337 shares in the last quarter. Entropy Technologies LP raised its position in shares of PPG Industries by 80.2% in the fourth quarter. Entropy Technologies LP now owns 61,784 shares of the specialty chemicals company’s stock valued at $6,330,000 after buying an additional 27,493 shares during the last quarter. Finally, North Dakota State Investment Board acquired a new stake in shares of PPG Industries in the fourth quarter valued at about $1,393,000. 81.86% of the stock is currently owned by hedge funds and other institutional investors.

Key PPG Industries News

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

• Positive Sentiment: PPG reported second-quarter sales of $4.50 billion, up 7.2% year over year and above the $4.37 billion analyst estimate. Organic sales growth reached 4%, with broad-based gains across its segments. PPG reports second quarter 2026 financial results
• Positive Sentiment: Data centers are emerging as a potential growth driver for PPG and rival Sherwin-Williams, supporting demand for coatings used in construction, infrastructure and related equipment. Data Centers Emerge as Growth Drivers for PPG, Sherwin-Williams
• Positive Sentiment: PPG’s updated full-year 2026 adjusted EPS outlook of $7.70-$8.10 implies a midpoint of $7.90, roughly in line with the $7.89 consensus estimate and supportive of earnings stability. The company also remains attractive to income-oriented investors because of its dividend profile. Why PPG Industries Is a Great Dividend Stock Right Now
• Neutral Sentiment: Adjusted EPS was $2.23, compared with $2.22 a year earlier, while reported EPS was $1.96 versus $1.98. Net income declined 2% to $439 million, indicating that revenue growth has not yet translated into stronger bottom-line results. PPG Industries second-quarter earnings report
• Negative Sentiment: The adjusted EPS result narrowly missed Wall Street expectations of approximately $2.25-$2.26. The miss overshadowed the revenue beat and triggered selling pressure as investors focused on margins and earnings execution. PPG Industries slides as earnings miss overshadows revenue beat

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.