Citigroup Raises PPG Industries (NYSE:PPG) Price Target to $114.00

PPG Industries (NYSE:PPG) had its price objective boosted by research analysts at Citigroup from $113.00 to $114.00 in a report issued on Thursday,Benzinga reports. The firm currently has a “neutral” rating on the specialty chemicals company’s stock. Citigroup’s target price would suggest a potential upside of 6.02% from the stock’s current price.

Several other analysts have also issued reports on PPG. Jefferies Financial Group dropped their price target on shares of PPG Industries from $125.00 to $116.00 and set a “hold” rating on the stock in a research report on Thursday, March 26th. Zacks Research raised shares of PPG Industries from a “strong sell” rating to a “hold” rating in a research report on Friday, January 23rd. BNP Paribas Exane upped their price target on shares of PPG Industries from $112.00 to $115.00 and gave the company a “neutral” rating in a research note on Monday, April 20th. Royal Bank Of Canada upped their price target on shares of PPG Industries from $114.00 to $119.00 and gave the company a “sector perform” rating in a research note on Thursday, April 16th. Finally, Weiss Ratings restated a “hold (c-)” rating on shares of PPG Industries in a research note on Wednesday, January 28th. Six analysts have rated the stock with a Buy rating and eleven have issued a Hold rating to the company. Based on data from MarketBeat, PPG Industries currently has a consensus rating of “Hold” and an average price target of $122.07.

PPG Industries Stock Performance

NYSE PPG opened at $107.52 on Thursday. The company has a current ratio of 1.61, a quick ratio of 1.22 and a debt-to-equity ratio of 0.78. The firm’s fifty day moving average price is $109.44 and its two-hundred day moving average price is $107.41. PPG Industries has a 1 year low of $93.39 and a 1 year high of $133.43. The firm has a market capitalization of $24.06 billion, a P/E ratio of 15.34, a price-to-earnings-growth ratio of 1.50 and a beta of 1.06.

PPG Industries (NYSE:PPG) last posted its quarterly earnings results on Tuesday, April 28th. The specialty chemicals company reported $1.83 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.78 by $0.05. PPG Industries had a net margin of 9.83% and a return on equity of 21.68%. The firm had revenue of $3.93 billion for the quarter, compared to analyst estimates of $3.85 billion. During the same period in the prior year, the firm posted $1.72 earnings per share. The company’s quarterly revenue was up 6.7% compared to the same quarter last year. PPG Industries has set its FY 2026 guidance at 7.700-8.100 EPS. As a group, research analysts anticipate that PPG Industries will post 7.95 EPS for the current year.

Insider Transactions at PPG Industries

In other news, VP Anne M. Foulkes sold 3,594 shares of the stock in a transaction dated Friday, February 20th. The shares were sold at an average price of $124.61, for a total value of $447,848.34. Following the completion of the transaction, the vice president owned 15,641 shares of the company’s stock, valued at approximately $1,949,025.01. This represents a 18.68% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Vincent J. Morales sold 78,095 shares of the stock in a transaction dated Friday, February 13th. The stock was sold at an average price of $131.00, for a total transaction of $10,230,445.00. The SEC filing for this sale provides additional information. Insiders sold 111,361 shares of company stock valued at $14,387,293 in the last three months. Company insiders own 0.33% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Steigerwald Gordon & Koch Inc. bought a new position in PPG Industries in the 3rd quarter valued at approximately $26,000. Dorato Capital Management bought a new position in PPG Industries in the 4th quarter valued at approximately $26,000. Resources Management Corp CT ADV raised its holdings in PPG Industries by 900.0% during the 4th quarter. Resources Management Corp CT ADV now owns 250 shares of the specialty chemicals company’s stock worth $26,000 after purchasing an additional 225 shares during the last quarter. Quarry LP bought a new position in PPG Industries during the 3rd quarter worth approximately $26,000. Finally, Root Financial Partners LLC bought a new position in PPG Industries during the 3rd quarter worth approximately $30,000. Institutional investors own 81.86% of the company’s stock.

Key Headlines Impacting PPG Industries

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

• Positive Sentiment: PPG beat Q1 estimates and reaffirmed FY‑2026 guidance ($7.70–$8.10 EPS); management highlighted pricing power and sales growth, which supports longer‑term earnings expectations. Earnings Highlights
• Positive Sentiment: Mizuho raised its price target to $125 and kept an “outperform” rating — a material upward revision that signals analyst confidence in PPG’s recovery and supports upside sentiment. Mizuho PT Raise
• Neutral Sentiment: BNP Paribas nudged its target to $116 — a modest upgrade that marginally raises consensus valuation but is not a major change to the market narrative. BNP PT Raise
• Neutral Sentiment: UBS increased its price target to $116 while maintaining a “neutral” rating — another small lift but still a neutral stance from a large shop. UBS PT Raise
• Neutral Sentiment: Citigroup slightly raised its target to $114 and kept a neutral rating — consistent with a cautious tone despite the beat. Citigroup PT Raise
• Neutral Sentiment: PPG’s IT team received recognition as “Tech Team of the Year,” which is positive for operational capability but unlikely to move near‑term valuation materially. IT Team Award
• Negative Sentiment: Autobody reporting highlighted a decline in the refinish segment driven by distributor destocking — an operational headwind that trimmed segment revenue and likely pressured near‑term margin visibility. Refinish Decline
• Negative Sentiment: JPMorgan trimmed its target slightly to $125 (from $126) — a small negative signal relative to some larger upward revisions and a reminder of differing analyst views on upside. JPMorgan PT Trim

PPG Industries Company Profile

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.