PPG Industries (NYSE:PPG) Price Target Raised to $115.00 at BNP Paribas Exane

PPG Industries (NYSE:PPG) had its target price hoisted by equities researchers at BNP Paribas Exane from $112.00 to $115.00 in a research report issued on Monday,MarketScreener reports. The firm currently has a “neutral” rating on the specialty chemicals company’s stock. BNP Paribas Exane’s price objective would suggest a potential upside of 0.30% from the company’s previous close.

PPG has been the subject of several other research reports. Deutsche Bank Aktiengesellschaft boosted their price target on PPG Industries from $120.00 to $130.00 in a report on Friday, March 27th. UBS Group reduced their target price on shares of PPG Industries from $122.00 to $110.00 and set a “neutral” rating for the company in a report on Thursday, April 2nd. Sanford C. Bernstein upped their price target on shares of PPG Industries from $123.00 to $130.00 and gave the stock an “outperform” rating in a research report on Friday, January 30th. Royal Bank Of Canada increased their price objective on shares of PPG Industries from $114.00 to $119.00 and gave the stock a “sector perform” rating in a research note on Thursday. Finally, Evercore upped their target price on shares of PPG Industries from $112.00 to $128.00 in a report on Wednesday, February 18th. One investment analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and eleven have given a Hold rating to the stock. According to MarketBeat.com, PPG Industries has an average rating of “Hold” and an average price target of $120.71.

PPG Industries Price Performance

Shares of PPG opened at $114.66 on Monday. The firm has a market cap of $25.66 billion, a PE ratio of 16.54, a P/E/G ratio of 1.73 and a beta of 1.16. The company has a current ratio of 1.62, a quick ratio of 1.22 and a debt-to-equity ratio of 0.82. The firm has a fifty day simple moving average of $112.92 and a two-hundred day simple moving average of $106.99. PPG Industries has a 1-year low of $93.39 and a 1-year high of $133.43.

PPG Industries (NYSE:PPG) last released its quarterly earnings results on Tuesday, January 27th. The specialty chemicals company reported $1.51 earnings per share for the quarter, missing the consensus estimate of $1.57 by ($0.06). PPG Industries had a return on equity of 22.30% and a net margin of 9.93%.The business had revenue of $3.91 billion during the quarter, compared to the consensus estimate of $3.77 billion. During the same quarter in the previous year, the business posted $1.61 earnings per share. The firm’s revenue was up 5.0% on a year-over-year basis. PPG Industries has set its FY 2026 guidance at 7.700-8.100 EPS. On average, equities analysts anticipate that PPG Industries will post 7.95 EPS for the current year.

Insider Buying and Selling at PPG Industries

In other news, VP Anne M. Foulkes sold 3,594 shares of PPG Industries stock in a transaction that occurred on Friday, February 20th. The stock was 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 in the company, valued at approximately $1,949,025.01. The trade was a 18.68% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Vincent J. Morales sold 78,095 shares of the firm’s stock in a transaction on Friday, February 13th. The stock was sold at an average price of $131.00, for a total value of $10,230,445.00. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 113,611 shares of company stock worth $14,647,371 over the last 90 days. 0.33% of the stock is owned by insiders.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of the business. Dorato Capital Management bought a new stake in shares of PPG Industries during the 4th quarter worth approximately $26,000. Quarry LP purchased a new position in PPG Industries in the 3rd quarter worth about $26,000. Steigerwald Gordon & Koch Inc. purchased a new stake in PPG Industries in the 3rd quarter valued at about $26,000. Resources Management Corp CT ADV increased its position in shares of PPG Industries by 900.0% during the fourth quarter. Resources Management Corp CT ADV now owns 250 shares of the specialty chemicals company’s stock worth $26,000 after acquiring an additional 225 shares during the period. Finally, Root Financial Partners LLC purchased a new stake in shares of PPG Industries in the third quarter valued at approximately $30,000. 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.