PPG Industries (NYSE:PPG) Price Target Raised to $125.00 at Mizuho

PPG Industries (NYSE:PPGGet Free Report) had its price target hoisted by equities researchers at Mizuho from $118.00 to $125.00 in a research report issued to clients and investors on Wednesday,Benzinga reports. The firm currently has an “outperform” rating on the specialty chemicals company’s stock. Mizuho’s price target suggests a potential upside of 9.57% from the stock’s current price.

PPG has been the subject of several other reports. Evercore ISI lowered their target price on PPG Industries from $145.00 to $112.00 and set an “in-line” rating for the company in a research note on Tuesday, November 11th. Citigroup lifted their price target on PPG Industries from $116.00 to $120.00 and gave the company a “buy” rating in a report on Thursday, December 18th. Sanford C. Bernstein cut their price objective on PPG Industries from $129.00 to $123.00 and set an “outperform” rating for the company in a report on Monday, November 24th. BNP Paribas Exane decreased their target price on shares of PPG Industries from $113.00 to $112.00 and set a “neutral” rating for the company in a research report on Wednesday, January 14th. Finally, Berenberg Bank lowered their price target on PPG Industries from $131.00 to $110.00 and set a “hold” rating on the stock in a report on Thursday, December 4th. One investment analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and ten have assigned a Hold rating to the company’s stock. According to MarketBeat, PPG Industries has a consensus rating of “Moderate Buy” and an average target price of $120.86.

Read Our Latest Research Report on PPG

PPG Industries Stock Performance

Shares of NYSE PPG traded up $3.80 during mid-day trading on Wednesday, hitting $114.08. 3,322,293 shares of the company were exchanged, compared to its average volume of 2,160,869. PPG Industries has a 1-year low of $90.24 and a 1-year high of $123.52. The firm has a market cap of $25.60 billion, a price-to-earnings ratio of 25.87, a price-to-earnings-growth ratio of 3.34 and a beta of 1.17. The company has a quick ratio of 1.08, a current ratio of 1.47 and a debt-to-equity ratio of 0.74. The stock has a 50 day simple moving average of $103.99 and a 200-day simple moving average of $105.45.

PPG Industries (NYSE:PPGGet Free Report) last announced its quarterly earnings data on Tuesday, January 27th. The specialty chemicals company reported $1.51 EPS for the quarter, missing the consensus estimate of $1.57 by ($0.06). PPG Industries had a net margin of 6.35% and a return on equity of 23.61%. The company had revenue of $3.91 billion during the quarter, compared to analyst estimates of $3.77 billion. During the same quarter last year, the business earned $1.61 EPS. The firm’s revenue for the quarter was up 5.0% on a year-over-year basis. PPG Industries has set its FY 2026 guidance at 7.700-8.100 EPS. On average, sell-side analysts forecast that PPG Industries will post 7.95 EPS for the current fiscal year.

Insider Buying and Selling

In related news, CFO Vincent J. Morales sold 5,200 shares of the firm’s stock in a transaction on Thursday, January 15th. The stock was sold at an average price of $110.00, for a total transaction of $572,000.00. Following the sale, the chief financial officer owned 28,439 shares of the company’s stock, valued at $3,128,290. This trade represents a 15.46% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. 0.33% of the stock is currently owned by insiders.

Institutional Investors Weigh In On PPG Industries

A number of hedge funds have recently added to or reduced their stakes in PPG. Brighton Jones LLC grew its position in shares of PPG Industries by 9.1% in the fourth quarter. Brighton Jones LLC now owns 4,075 shares of the specialty chemicals company’s stock valued at $487,000 after purchasing an additional 339 shares in the last quarter. Integrated Wealth Concepts LLC grew its position in PPG Industries by 31.4% during the first quarter. Integrated Wealth Concepts LLC now owns 3,849 shares of the specialty chemicals company’s stock valued at $421,000 after acquiring an additional 920 shares during the last quarter. Empowered Funds LLC boosted its position in PPG Industries by 6.1% during the first quarter. Empowered Funds LLC now owns 26,354 shares of the specialty chemicals company’s stock valued at $2,882,000 after buying an additional 1,526 shares during the period. Woodline Partners LP increased its stake in shares of PPG Industries by 40.7% in the first quarter. Woodline Partners LP now owns 19,600 shares of the specialty chemicals company’s stock worth $2,143,000 after buying an additional 5,667 shares during the period. Finally, Perigon Wealth Management LLC raised its holdings in PPG Industries by 11.2% in the 2nd quarter. Perigon Wealth Management LLC now owns 2,054 shares of the specialty chemicals company’s stock worth $234,000 after purchasing an additional 207 shares in the last quarter. Institutional investors and hedge funds own 81.86% of the company’s stock.

Key Stories Impacting PPG Industries

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

About PPG Industries

(Get Free Report)

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.

Featured Stories

Analyst Recommendations for PPG Industries (NYSE:PPG)

Receive News & Ratings for PPG Industries Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for PPG Industries and related companies with MarketBeat.com's FREE daily email newsletter.