PPG Industries (NYSE:PPG) Research Coverage Started at Barclays

Barclays began coverage on shares of PPG Industries (NYSE:PPG) in a research report released on Tuesday morning, Marketbeat Ratings reports. The brokerage issued an overweight rating and a $136.00 price objective on the specialty chemicals company’s stock.

A number of other analysts also recently weighed in on the stock. Sanford C. Bernstein restated an “outperform” rating and issued a $136.00 target price on shares of PPG Industries in a report on Thursday, September 24th. The Goldman Sachs Group reaffirmed a “buy” rating and issued a $128.00 price target on shares of PPG Industries in a report on Friday, October 9th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of PPG Industries in a report on Monday, September 14th. Mizuho lifted 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. Finally, UBS Group reduced their price objective on PPG Industries from $125.00 to $116.00 and set a “neutral” rating on the stock in a research note on Monday, October 5th. One investment analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and nine have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $126.12.

PPG Industries Stock Up 2.8%

NYSE PPG opened at $107.81 on Tuesday. The stock has a 50 day moving average price of $109.19 and a 200-day moving average price of $111.68. PPG Industries has a one year low of $93.39 and a one year high of $133.43. The company has a debt-to-equity ratio of 0.72, a quick ratio of 1.15 and a current ratio of 1.58. The company has a market capitalization of $23.97 billion, a P/E ratio of 13.62, a P/E/G ratio of 1.70 and a beta of 1.06.

PPG Industries (NYSE:PPG) last announced its quarterly 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 business had revenue of $4.50 billion during the quarter, compared to the consensus estimate 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 posted $2.22 EPS. PPG Industries has set its FY 2026 guidance at 7.700-8.100 EPS. As a group, equities analysts predict that PPG Industries will post 7.89 EPS for the current fiscal year.

Institutional Investors Weigh In On PPG Industries

Several institutional investors have recently made changes to their positions in the company. Bank of Nova Scotia purchased a new stake in shares of PPG Industries in the second quarter worth approximately $2,850,000. Legal & General Group Plc bought a new stake in shares of PPG Industries during the 2nd quarter worth approximately $169,096,000. Bank of America Corp DE bought a new stake in shares of PPG Industries during the 2nd quarter worth approximately $278,965,000. PensionDanmark Pensionsforsikringsaktieselskab lifted its stake in shares of PPG Industries by 38.8% during the 2nd quarter. PensionDanmark Pensionsforsikringsaktieselskab now owns 46,861 shares of the specialty chemicals company’s stock worth $5,684,000 after acquiring an additional 13,101 shares during the last quarter. Finally, Glenview Trust Co purchased a new position in PPG Industries during the 2nd quarter valued at $1,931,000. 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.