PPG Industries (NYSE:PPG) Price Target Cut to $116.00 by Analysts at UBS Group

by · The Markets Daily

PPG Industries (NYSE:PPG – Get Free Report) had its price objective cut by stock analysts at UBS Group from $125.00 to $116.00 in a note issued to investors on Monday, Benzinga reports. The brokerage presently has a “neutral” rating on the specialty chemicals company’s stock. UBS Group’s price target suggests a potential upside of 10.13% from the stock’s current price.

PPG has been the topic of several other research reports. Weiss Ratings restated a “hold (c)” rating on shares of PPG Industries in a report on Monday, September 14th. Sanford C. Bernstein reaffirmed an “outperform” rating and issued a $136.00 price target on shares of PPG Industries in a report on Thursday, September 24th. Citigroup decreased their price objective on shares of PPG Industries from $121.00 to $118.00 and set a “neutral” rating on the stock in a report on Wednesday, September 30th. BMO Capital Markets lowered their price objective on shares of PPG Industries from $140.00 to $138.00 and set an “outperform” rating for the company in a research report on Monday, July 6th. Finally, KeyCorp began coverage on shares of PPG Industries in a research note on Friday, September 11th. They issued an “overweight” rating and a $133.00 target price for the company. Eight analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $126.06.

Read Our Latest Report on PPG Industries

PPG Industries Price Performance

Shares of NYSE:PPG traded up $0.18 during trading on Monday, reaching $105.33. The stock had a trading volume of 1,550,113 shares, compared to its average volume of 1,985,050. The stock has a market capitalization of $23.42 billion, a PE ratio of 15.09, a P/E/G ratio of 1.70 and a beta of 1.06. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.58 and a quick ratio of 1.15. PPG Industries has a 52 week low of $93.39 and a 52 week high of $133.43. The business’s 50-day moving average price is $111.04 and its 200 day moving average price is $111.50.

PPG Industries (NYSE:PPG – Get Free Report) last released its quarterly earnings results on Tuesday, July 28th. The specialty chemicals company reported $2.23 EPS for the quarter, missing analysts’ consensus estimates of $2.25 by ($0.02). PPG Industries had a return on equity of 21.07% and a net margin of 9.57%.The business had revenue of $4.50 billion for the quarter, compared to the consensus estimate of $4.37 billion. During the same quarter last year, the company earned $2.22 earnings per share. The firm’s revenue was up 7.2% on a year-over-year basis. 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 earnings per share for the current year.

Institutional Investors Weigh In On PPG Industries

Institutional investors have recently modified their holdings of the business. BlackRock Inc. acquired a new stake in PPG Industries during the 2nd quarter worth $2,856,392,000. Pzena Investment Management LLC acquired a new position in PPG Industries in the second quarter valued at about $946,964,000. Bank of New York Mellon Corp bought a new position in PPG Industries during the second quarter worth about $318,870,000. Bank of America Corp DE acquired a new position in shares of PPG Industries during the 2nd quarter worth about $278,965,000. Finally, Franklin Resources Inc. increased its stake in shares of PPG Industries by 48.9% in the 4th quarter. Franklin Resources Inc. now owns 6,990,595 shares of the specialty chemicals company’s stock valued at $716,256,000 after acquiring an additional 2,295,118 shares during the last quarter. Institutional investors and hedge funds own 81.86% of the company’s stock.

About PPG Industries

(Get Free Report)

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.

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