BMO Capital Markets Issues Positive Forecast for PPG Industries (NYSE:PPG) Stock Price

PPG Industries (NYSE:PPG) had its price target hoisted by equities researchers at BMO Capital Markets from $135.00 to $140.00 in a research report issued on Monday,Benzinga reports. The firm currently has an “outperform” rating on the specialty chemicals company’s stock. BMO Capital Markets’ price objective would suggest a potential upside of 14.34% from the stock’s current price.

Other equities research analysts also recently issued research reports about the company. BNP Paribas Exane upped their price target on PPG Industries from $115.00 to $116.00 in a report on Thursday, April 30th. Wells Fargo & Company cut their target price on PPG Industries from $135.00 to $130.00 and set an “overweight” rating for the company in a research note on Friday, April 10th. Deutsche Bank Aktiengesellschaft increased their price objective on PPG Industries from $120.00 to $130.00 in a research report on Friday, March 27th. Royal Bank Of Canada restated a “sector perform” rating and set a $119.00 target price on shares of PPG Industries in a research report on Wednesday, June 10th. Finally, Weiss Ratings cut shares of PPG Industries from a “hold (c)” rating to a “hold (c-)” rating in a research report on Tuesday, June 2nd. Six analysts have rated the stock with a Buy rating and eleven have given a Hold rating to the company. According to MarketBeat.com, PPG Industries has an average rating of “Hold” and a consensus target price of $123.00.

PPG Industries Stock Performance

Shares of PPG stock traded up $3.11 on Monday, reaching $122.45. The stock had a trading volume of 251,856 shares, compared to its average volume of 2,110,973. The firm has a market capitalization of $27.29 billion, a price-to-earnings ratio of 17.47, a P/E/G ratio of 1.75 and a beta of 1.06. The company has a quick ratio of 1.17, a current ratio of 1.61 and a debt-to-equity ratio of 0.78. The firm’s 50-day moving average is $109.55 and its two-hundred day moving average is $109.84. PPG Industries has a 12 month low of $93.39 and a 12 month high of $133.43.

PPG Industries (NYSE:PPG) last released 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 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 last year, the firm earned $1.72 EPS. The business’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. On average, research analysts expect that PPG Industries will post 7.92 EPS for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the stock. CNB Bank lifted its stake in shares of PPG Industries by 1.8% during the 4th quarter. CNB Bank now owns 4,514 shares of the specialty chemicals company’s stock valued at $463,000 after buying an additional 80 shares in the last quarter. IFP Advisors Inc grew its holdings in PPG Industries by 2.7% during the 4th quarter. IFP Advisors Inc now owns 3,302 shares of the specialty chemicals company’s stock valued at $338,000 after buying an additional 87 shares in the last quarter. Whittier Trust Co. grew its holdings in shares of PPG Industries by 1.4% in the fourth quarter. Whittier Trust Co. now owns 6,658 shares of the specialty chemicals company’s stock valued at $703,000 after purchasing an additional 89 shares in the last quarter. Evolve Private Wealth LLC grew its stake in shares of PPG Industries by 3.2% during the first quarter. Evolve Private Wealth LLC now owns 2,929 shares of the specialty chemicals company’s stock valued at $313,000 after buying an additional 92 shares during the last quarter. Finally, Insigneo Advisory Services LLC lifted its stake in PPG Industries by 4.3% in the fourth quarter. Insigneo Advisory Services LLC now owns 2,234 shares of the specialty chemicals company’s stock worth $229,000 after acquiring an additional 92 shares during the period. 81.86% of the stock is owned by hedge funds and other institutional investors.

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.