Barclays Begins Coverage on PPG Industries (NYSE:PPG)

Investment analysts at Barclays initiated coverage on shares of PPG Industries (NYSE:PPG) in a report released on Tuesday, Briefing.com reports. The brokerage set an “overweight” rating and a $136.00 price target on the specialty chemicals company’s stock. Barclays‘s price objective would suggest a potential upside of 31.28% from the stock’s current price.

Several other analysts have also issued reports on the stock. BMO Capital Markets lowered their price target on shares of PPG Industries from $140.00 to $138.00 and set an “outperform” rating on the stock in a research report on Monday, July 6th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of PPG Industries in a report on Monday, September 14th. The Goldman Sachs Group reiterated a “buy” rating and issued a $128.00 price objective on shares of PPG Industries in a research note on Friday. Wall Street Zen lowered shares of PPG Industries from a “buy” rating to a “hold” rating in a research note on Saturday, August 1st. Finally, Mizuho boosted their target price on shares of PPG Industries from $125.00 to $135.00 and gave the company an “outperform” rating in a report on Wednesday, July 1st. Nine research analysts have rated the stock with a Buy rating and nine have given a Hold rating to the company. Based on data from MarketBeat, PPG Industries has a consensus rating of “Moderate Buy” and a consensus price target of $126.12.

PPG Industries Trading Down 0.4%

Shares of PPG opened at $103.60 on Tuesday. The business has a 50-day moving average of $109.93 and a 200 day moving average of $111.67. PPG Industries has a fifty-two week low of $93.39 and a fifty-two week high of $133.43. The firm has a market cap of $23.03 billion, a P/E ratio of 14.84, a price-to-earnings-growth ratio of 1.69 and a beta of 1.06. The company has a debt-to-equity ratio of 0.72, a quick ratio of 1.15 and a current ratio of 1.58.

PPG Industries (NYSE:PPG) last released its quarterly earnings data on Tuesday, July 28th. The specialty chemicals company reported $2.23 EPS for the quarter, missing the consensus estimate of $2.25 by ($0.02). The business had revenue of $4.50 billion for the quarter, compared to analysts’ expectations of $4.37 billion. PPG Industries had a net margin of 9.57% and a return on equity of 21.07%. PPG Industries’s revenue for the quarter was up 7.2% compared to the same quarter last year. During the same period last year, the company earned $2.22 earnings per share. 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 7.89 EPS for the current year.

Institutional Investors Weigh In On PPG Industries

Institutional investors and hedge funds have recently made changes to their positions in the business. BlackRock Inc. purchased a new position in PPG Industries during the second quarter worth about $2,856,392,000. State Street Corp raised its holdings in shares of PPG Industries by 8.8% in the 2nd quarter. State Street Corp now owns 13,871,116 shares of the specialty chemicals company’s stock valued at $1,682,428,000 after acquiring an additional 1,124,109 shares in the last quarter. Pzena Investment Management LLC bought a new stake in shares of PPG Industries during the 2nd quarter valued at about $946,964,000. Dimensional Fund Advisors LP boosted its position in shares of PPG Industries by 2.0% during the 1st quarter. Dimensional Fund Advisors LP now owns 2,925,343 shares of the specialty chemicals company’s stock valued at $312,613,000 after acquiring an additional 58,411 shares during the last quarter. Finally, Bank of New York Mellon Corp purchased a new position in shares of PPG Industries during the second quarter worth about $318,870,000. Hedge funds and other institutional investors own 81.86% of the company’s stock.

PPG Industries Company Profile

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.