PPG Industries (NYSE:PPG) Given New $129.00 Price Target at Royal Bank Of Canada

Posted by Brenda Bartman on Jul 8th, 2026

PPG Industries (NYSE:PPG – Get Free Report) had its target price raised by equities researchers at Royal Bank Of Canada from $119.00 to $129.00 in a report issued on Wednesday,Benzinga reports. The brokerage presently has a “sector perform” rating on the specialty chemicals company’s stock. Royal Bank Of Canada’s price target suggests a potential upside of 12.32% from the stock’s current price.

Other analysts have also issued reports about the stock. JPMorgan Chase & Co. lowered their price objective on shares of PPG Industries from $126.00 to $125.00 in a report on Thursday, April 30th. The Goldman Sachs Group dropped their target price on PPG Industries from $134.00 to $130.00 in a report on Friday, May 1st. Wells Fargo & Company dropped their price target on shares of PPG Industries from $135.00 to $130.00 and set an “overweight” rating on the stock in a report on Friday, April 10th. UBS Group upped their price objective on PPG Industries from $110.00 to $116.00 and gave the company a “neutral” rating in a research report on Thursday, April 30th. Finally, Weiss Ratings upgraded shares of 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 issued a Hold rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $124.93.

Read Our Latest Analysis on PPG

PPG Industries Trading Down 4.5%

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. The firm has a market capitalization of $25.60 billion, a P/E ratio of 16.33, a price-to-earnings-growth ratio of 1.81 and a beta of 1.05. The firm has a 50-day moving average of $113.60 and a 200 day moving average of $112.22. The company has a debt-to-equity ratio of 0.78, a current ratio of 1.61 and a quick ratio of 1.17. PPG Industries has a 12-month low of $93.39 and a 12-month high of $133.43.

PPG Industries (NYSE:PPG – Get Free Report) last posted its earnings results on Tuesday, April 28th. The specialty chemicals company reported $1.83 earnings per share (EPS) for the quarter, topping 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 analysts’ expectations of $3.85 billion. During the same period last year, the firm earned $1.72 earnings per share. PPG Industries’s quarterly revenue was up 6.7% on a year-over-year basis. PPG Industries has set its FY 2026 guidance at 7.700-8.100 EPS. Equities research analysts anticipate that PPG Industries will post 7.93 EPS for the current year.

Hedge Funds Weigh In On PPG Industries

Several hedge funds have recently bought and sold shares of the business. Dorato Capital Management bought a new stake in PPG Industries during the 4th quarter valued at $26,000. Resources Management Corp CT ADV boosted its holdings in shares of PPG Industries by 900.0% in the 4th quarter. Resources Management Corp CT ADV now owns 250 shares of the specialty chemicals company’s stock valued at $26,000 after buying an additional 225 shares in the last quarter. Quarry LP purchased a new position in PPG Industries in the third quarter worth $26,000. Aster Capital Management DIFC Ltd acquired a new position in PPG Industries during the 4th quarter valued at about $30,000. Finally, Essential Partners LLC increased its holdings in shares of PPG Industries by 59.3% during the first quarter. Essential Partners LLC now owns 301 shares of the specialty chemicals company’s stock valued at $32,000 after acquiring an additional 112 shares in the last quarter. Institutional investors own 81.86% of the company’s stock.

PPG Industries Company Profile

(Get Free Report)

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.