PPG Industries, Inc. (NYSE:PPG) Stock Has Average Target Price of $126.12 According to Brokerages

PPG Industries, Inc. (NYSE:PPG) has been given an average recommendation of “Moderate Buy” by the eighteen ratings firms that are presently covering the company, Marketbeat Ratings reports. Nine research analysts have rated the stock with a hold rating and nine have issued a buy rating on the company. The average twelve-month price target among brokers that have covered the stock in the last year is $128.29.

Several brokerages have issued reports on PPG. Wall Street Zen downgraded shares of PPG Industries from a “buy” rating to a “hold” rating in a research note on Saturday, August 1st. The Goldman Sachs Group reiterated a “buy” rating and set a $128.00 price target on shares of PPG Industries in a report on Friday, October 9th. Bank of America raised PPG Industries from a “neutral” rating to a “buy” rating and upped their price target for the company from $127.00 to $134.00 in a research report on Friday, July 17th. Sanford C. Bernstein reissued an “outperform” rating and issued a $137.00 price objective on shares of PPG Industries in a research note on Thursday. Finally, UBS Group upped their target price on PPG Industries from $116.00 to $123.00 and gave the company a “neutral” rating in a report on Thursday.

Key Stories Impacting PPG Industries

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

• Positive Sentiment: Q3 earnings beat and higher guidance: PPG reported record third-quarter adjusted EPS of $2.25, exceeding the $2.12 consensus, while revenue rose 6.6% year over year to $4.35 billion. Management raised its full-year adjusted EPS outlook to $7.90-$8.10 and expects fourth-quarter EBITDA margin to improve by as much as 100 basis points. PPG Industries Q3 2026 Earnings Call Summary
• Positive Sentiment: Improving operating trends: Results benefited from strength in aerospace, higher pricing and volume gains, supporting investor confidence that PPG can offset a challenging industrial environment and expand profitability. PPG Q3 Earnings Beat Estimates
• Positive Sentiment: Analysts lifted price targets: Barclays raised its target to $137, Wells Fargo to $135, JPMorgan to $130 and KeyBanc to $131; these firms maintained overweight or similarly constructive ratings. Bernstein also increased its target to $137. The revisions indicate that the earnings beat and guidance upgrade are changing expectations for PPG’s earnings power. Wells Fargo Price Target Revision
• Neutral Sentiment: Valuation and ratings remain mixed: Citigroup, UBS and RBC raised their targets but retained neutral or sector-perform ratings, suggesting the recent rally has already captured part of the improvement. Coverage of PPG as a value stock and its move above the 200-day moving average provide additional investor interest, but do not guarantee further gains. Is PPG Industries Fairly Valued?

PPG Industries Price Performance

NYSE PPG opened at $120.12 on Tuesday. The stock has a market capitalization of $26.70 billion, a P/E ratio of 15.15, a P/E/G ratio of 2.17 and a beta of 1.06. PPG Industries has a 1 year low of $93.39 and a 1 year high of $133.43. The business’s fifty day moving average is $108.63 and its two-hundred day moving average is $112.42. 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 announced its earnings results on Tuesday, October 27th. The specialty chemicals company reported $2.25 EPS for the quarter, beating the consensus estimate of $2.12 by $0.13. The business had revenue of $4.35 billion during the quarter, compared to the consensus estimate of $4.28 billion. PPG Industries had a return on equity of 21.10% and a net margin of 9.41%. PPG Industries’s revenue was up 6.6% compared to the same quarter last year. During the same period in the prior year, the business posted $2.13 earnings per share. On average, research analysts forecast that PPG Industries will post 7.94 earnings per share for the current fiscal year.

PPG Industries Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 11th. Investors of record on Tuesday, November 10th will be given a dividend of $0.74 per share. The ex-dividend date of this dividend is Tuesday, November 10th. This represents a $2.96 dividend on an annualized basis and a yield of 2.5%. PPG Industries’s dividend payout ratio (DPR) is presently 42.41%.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the stock. BlackRock Inc. bought a new stake in shares of PPG Industries in the second quarter valued at approximately $2,856,392,000. State Street Corp raised its stake in PPG Industries by 8.8% during 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 purchasing an additional 1,124,109 shares during the last quarter. Pzena Investment Management LLC acquired a new position in PPG Industries during the 2nd quarter valued at $946,964,000. Bank of New York Mellon Corp bought a new stake in PPG Industries in the 2nd quarter valued at $318,870,000. Finally, Dimensional Fund Advisors LP boosted its holdings in PPG Industries by 2.0% in 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 purchasing an additional 58,411 shares during the period. Institutional investors and hedge funds own 81.86% of the company’s stock.

About PPG Industries

PPG Industries, Inc is a global manufacturer of paints, coatings and specialty materials. The company develops products designed to protect, decorate and improve the performance of surfaces and components used in transportation, construction, manufacturing and consumer products.

Its product portfolio includes automotive and commercial vehicle coatings, aerospace coatings, industrial and protective coatings, architectural paints, packaging coatings, and coatings used in marine and other specialty applications.