PPG Industries (NYSE:PPG) Stock Price Expected to Rise, Royal Bank Of Canada Analyst Says

PPG Industries (NYSE:PPG) had its target price boosted by research analysts at Royal Bank Of Canada from $119.00 to $129.00 in a research note issued to investors on Wednesday,Benzinga reports. The brokerage currently has a “sector perform” rating on the specialty chemicals company’s stock. Royal Bank Of Canada’s price target points to a potential upside of 12.32% from the company’s current price.

A number of other analysts have also recently commented on the stock. JPMorgan Chase & Co. cut their target price on shares of PPG Industries from $126.00 to $125.00 in a research note on Thursday, April 30th. Wells Fargo & Company reduced their price target on PPG Industries from $135.00 to $130.00 and set an “overweight” rating on the stock in a report on Friday, April 10th. Deutsche Bank Aktiengesellschaft upped their price objective on PPG Industries from $120.00 to $130.00 in a report on Friday, March 27th. BMO Capital Markets decreased their target price on shares of PPG Industries from $140.00 to $138.00 and set an “outperform” rating on the stock in a research report on Monday. Finally, Weiss Ratings upgraded PPG Industries from a “hold (c-)” rating to a “hold (c)” rating in a research note on Wednesday, June 17th. Six research analysts have rated the stock with a Buy rating and eleven have given a Hold rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $124.93.

PPG Industries Stock Performance

Shares of NYSE:PPG traded down $5.37 during trading on Wednesday, hitting $114.86. 209,895 shares of the stock traded hands, compared to its average volume of 2,115,962. PPG Industries has a 52-week low of $93.39 and a 52-week high of $133.43. 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 company has a fifty day moving average price of $113.60 and a two-hundred day moving average price of $112.22. The company has a market cap of $25.60 billion, a price-to-earnings ratio of 16.33, a P/E/G ratio of 1.81 and a beta of 1.05.

PPG Industries (NYSE:PPG) last issued its quarterly earnings data on Tuesday, April 28th. The specialty chemicals company reported $1.83 earnings per share for the quarter, topping analysts’ consensus estimates of $1.78 by $0.05. PPG Industries had a net margin of 9.83% and a return on equity of 21.68%. The business had revenue of $3.93 billion during the quarter, compared to the consensus estimate of $3.85 billion. During the same quarter in the prior year, the firm posted $1.72 earnings per share. The company’s 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, equities analysts predict that PPG Industries will post 7.93 EPS for the current year.

Hedge Funds Weigh In On PPG Industries

Large investors have recently bought and sold shares of the business. CNB Bank increased its holdings in shares of PPG Industries by 1.8% in the 4th quarter. CNB Bank now owns 4,514 shares of the specialty chemicals company’s stock valued at $463,000 after acquiring an additional 80 shares during the last quarter. IFP Advisors Inc increased its holdings in shares of PPG Industries by 2.7% in the 4th quarter. IFP Advisors Inc now owns 3,302 shares of the specialty chemicals company’s stock valued at $338,000 after acquiring an additional 87 shares during the period. Whittier Trust Co. raised 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 buying an additional 89 shares during the last quarter. Evolve Private Wealth LLC raised its stake in PPG Industries by 3.2% during the 1st quarter. Evolve Private Wealth LLC now owns 2,929 shares of the specialty chemicals company’s stock valued at $313,000 after acquiring an additional 92 shares during the last quarter. Finally, Insigneo Advisory Services LLC raised its stake in shares of PPG Industries by 4.3% during the fourth quarter. Insigneo Advisory Services LLC now owns 2,234 shares of the specialty chemicals company’s stock worth $229,000 after purchasing an additional 92 shares during the last quarter. Hedge funds and other 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.