PPG Industries (NYSE:PPG) Raised to “Buy” at Bank of America

Posted by on Jul 17th, 2026

PPG Industries (NYSE:PPG – Get Free Report) was upgraded by investment analysts at Bank of America from a “neutral” rating to a “buy” rating in a research note issued on Friday,Benzinga reports. The firm currently has a $134.00 target price on the specialty chemicals company’s stock, up from their prior target price of $127.00. Bank of America‘s price objective would indicate a potential upside of 12.77% from the stock’s previous close.

PPG has been the subject of several other research reports. The Goldman Sachs Group dropped their price objective on shares of PPG Industries from $134.00 to $130.00 in a research note on Friday, May 1st. Mizuho increased their target price on shares of PPG Industries from $125.00 to $135.00 and gave the stock an “outperform” rating in a research report on Wednesday, July 1st. Citigroup raised their target price on shares of PPG Industries from $114.00 to $125.00 and gave the stock a “neutral” rating in a report on Wednesday, June 24th. BMO Capital Markets dropped their price target 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, Jefferies Financial Group cut their price target on PPG Industries from $125.00 to $116.00 and set a “hold” rating for the company in a research note on Thursday, March 26th. Seven research analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $126.13.

Get Our Latest Research Report on PPG Industries

PPG Industries Stock Performance

Shares of NYSE PPG opened at $118.83 on Friday. The company has a debt-to-equity ratio of 0.78, a current ratio of 1.61 and a quick ratio of 1.17. The firm has a market cap of $26.49 billion, a price-to-earnings ratio of 16.95, a P/E/G ratio of 1.68 and a beta of 1.05. The stock’s fifty day moving average price is $114.63 and its two-hundred day moving average price is $112.83. PPG Industries has a one year low of $93.39 and a one year 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 for the quarter, topping analysts’ consensus estimates of $1.78 by $0.05. The company had revenue of $3.93 billion during the quarter, compared to the consensus estimate of $3.85 billion. PPG Industries had a return on equity of 21.68% and a net margin of 9.83%.The company’s revenue was up 6.7% on a year-over-year basis. During the same quarter last year, the firm earned $1.72 earnings per share. PPG Industries has set its FY 2026 guidance at 7.700-8.100 EPS. On average, equities analysts forecast that PPG Industries will post 7.93 EPS for the current year.

Institutional Investors Weigh In On PPG Industries

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Dorato Capital Management acquired a new position in PPG Industries during the 4th quarter worth approximately $26,000. Quarry LP acquired a new stake in PPG Industries in the third quarter valued at approximately $26,000. Resources Management Corp CT ADV boosted its position in PPG Industries by 900.0% in the fourth 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. Aster Capital Management DIFC Ltd bought a new stake in shares of PPG Industries during the fourth quarter worth $30,000. Finally, Elevation Wealth Partners LLC grew its stake in shares of PPG Industries by 1,468.4% during the second quarter. Elevation Wealth Partners LLC now owns 298 shares of the specialty chemicals company’s stock worth $36,000 after buying an additional 279 shares during the last quarter. 81.86% of the stock is owned by institutional investors.

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.

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Analyst Recommendations for PPG Industries (NYSE:PPG)

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