KeyCorp Initiates Coverage on PPG Industries (NYSE:PPG)

Stock analysts at KeyCorp began coverage on shares of PPG Industries (NYSE:PPG) in a report issued on Friday, Marketbeat reports. The firm set an “overweight” rating and a $133.00 price target on the specialty chemicals company’s stock. KeyCorp’s target price points to a potential upside of 26.79% from the stock’s previous close. KeyCorp also issued estimates for PPG Industries’ Q3 2026 earnings at $2.11 EPS, Q4 2026 earnings at $1.72 EPS, FY2027 earnings at $8.45 EPS and FY2028 earnings at $9.45 EPS.

A number of other brokerages also recently commented on PPG. BMO Capital Markets reduced their price objective on PPG Industries from $140.00 to $138.00 and set an “outperform” rating on the stock in a research report on Monday, July 6th. Mizuho raised their target price on PPG Industries from $125.00 to $135.00 and gave the stock an “outperform” rating in a research note 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. Royal Bank Of Canada cut their price objective on shares of PPG Industries from $129.00 to $122.00 and set a “sector perform” rating for the company in a research report on Thursday, July 30th. Finally, Citigroup reduced their target price on shares of PPG Industries from $125.00 to $121.00 and set a “neutral” rating on the stock in a research note on Thursday, July 30th. Eight research analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $126.44.

PPG Industries Stock Down 2.1%

PPG stock opened at $104.89 on Friday. The company has a current ratio of 1.58, a quick ratio of 1.15 and a debt-to-equity ratio of 0.72. The firm has a 50-day moving average of $114.72 and a two-hundred day moving average of $112.40. PPG Industries has a 12 month low of $93.39 and a 12 month high of $133.43. The company has a market cap of $23.32 billion, a price-to-earnings ratio of 15.03, a PEG ratio of 1.74 and a beta of 1.07.

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

Institutional Trading of PPG Industries

A number of hedge funds and other institutional investors have recently modified their holdings of PPG. Meeder Asset Management Inc. purchased a new stake in PPG Industries in the 2nd quarter valued at about $26,000. Keating Financial Advisory Services Inc. purchased a new position in PPG Industries during the second quarter worth about $28,000. Community Bank N.A. purchased a new position in PPG Industries during the second quarter worth about $28,000. Pin Oak Investment Advisors Inc. acquired a new stake in shares of PPG Industries during the second quarter valued at about $29,000. Finally, Silvant Capital Management LLC purchased a new stake in shares of PPG Industries in the 2nd quarter valued at approximately $30,000. 81.86% of the stock is owned by institutional investors and hedge funds.

About PPG Industries

PPG Industries, Inc is a global manufacturer of paints, coatings and specialty materials. The company supplies protective and decorative coatings used in automotive, aerospace, industrial, marine, packaging and consumer applications. Its products are designed to protect surfaces, improve appearance and provide specialized performance characteristics such as corrosion resistance and durability.

PPG’s portfolio includes automotive refinish coatings, original-equipment automotive coatings, aerospace coatings, industrial and protective coatings, packaging coatings, and architectural paints and coatings.