PPG Industries (NYSE:PPG) Price Target Lowered to $138.00 at BMO Capital Markets

PPG Industries (NYSE:PPG) had its target price decreased by research analysts at BMO Capital Markets from $140.00 to $138.00 in a report released on Monday,Benzinga reports. The firm currently has an “outperform” rating on the specialty chemicals company’s stock. BMO Capital Markets’ target price points to a potential upside of 10.14% from the stock’s current price.

A number of other research firms have also recently issued reports on PPG. The Goldman Sachs Group cut their price target on PPG Industries from $134.00 to $130.00 in a report on Friday, May 1st. Citigroup lifted their price objective on shares of PPG Industries from $114.00 to $125.00 and gave the company a “neutral” rating in a research note on Wednesday, June 24th. Royal Bank Of Canada reiterated a “sector perform” rating and set a $119.00 target price on shares of PPG Industries in a research report on Wednesday, June 10th. Wells Fargo & Company reduced their price target on shares of PPG Industries from $135.00 to $130.00 and set an “overweight” rating for the company in a report on Friday, April 10th. Finally, Weiss Ratings raised shares of PPG Industries from a “hold (c-)” rating to a “hold (c)” rating in a research note on Wednesday, June 17th. Six equities research analysts have rated the stock with a Buy rating and eleven have given a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $124.27.

PPG Industries Stock Performance

Shares of PPG Industries stock opened at $125.30 on Monday. The business has a 50-day moving average price of $113.12 and a two-hundred day moving average price of $111.96. PPG Industries has a 1-year low of $93.39 and a 1-year high of $133.43. The company has a current ratio of 1.61, a quick ratio of 1.17 and a debt-to-equity ratio of 0.78. The company has a market cap of $27.93 billion, a P/E ratio of 17.87, a PEG ratio of 1.83 and a beta of 1.05.

PPG Industries (NYSE:PPG) last announced its earnings results on Tuesday, April 28th. The specialty chemicals company reported $1.83 EPS for the quarter, beating the consensus estimate of $1.78 by $0.05. PPG Industries had a return on equity of 21.68% and a net margin of 9.83%.The company had revenue of $3.93 billion for the quarter, compared to analyst estimates of $3.85 billion. During the same quarter in the prior year, the company earned $1.72 EPS. The firm’s revenue for the quarter 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, analysts anticipate that PPG Industries will post 7.93 EPS for the current year.

Institutional Trading of PPG Industries

Hedge funds and other institutional investors have recently bought and sold shares of the business. Brighton Jones LLC lifted its stake 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 buying an additional 339 shares in the last quarter. Integrated Wealth Concepts LLC increased its position in shares of 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 worth $421,000 after acquiring an additional 920 shares in the last quarter. Empowered Funds LLC increased its position in shares of PPG Industries by 6.1% during the first quarter. Empowered Funds LLC now owns 26,354 shares of the specialty chemicals company’s stock worth $2,882,000 after acquiring an additional 1,526 shares in the last quarter. Woodline Partners LP raised its holdings in shares of PPG Industries by 40.7% in the 1st quarter. Woodline Partners LP now owns 19,600 shares of the specialty chemicals company’s stock worth $2,143,000 after acquiring an additional 5,667 shares during the last quarter. Finally, Cresset Asset Management LLC raised its holdings in shares of PPG Industries by 6.2% in the 2nd quarter. Cresset Asset Management LLC now owns 6,346 shares of the specialty chemicals company’s stock worth $722,000 after acquiring an additional 371 shares during the last quarter. Institutional investors own 81.86% of the company’s stock.

About PPG Industries

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.