PPG Industries (NYSE:PPG) Stock Price Target Cut by Royal Bank Of Canada

Posted by George Bondi on Oct 9th, 2026

PPG Industries (NYSE:PPG – Get Free Report) had its target price lowered by equities researchers at Royal Bank Of Canada from $122.00 to $115.00 in a research report issued on Friday, Benzinga reports. The firm currently has a “sector perform” rating on the specialty chemicals company’s stock. Royal Bank Of Canada’s price objective suggests a potential upside of 9.89% from the company’s previous close.

A number of other equities research analysts have also recently commented on the company. Weiss Ratings restated a “hold (c)” rating on shares of PPG Industries in a report on Monday, September 14th. KeyCorp initiated coverage on shares of PPG Industries in a research note on Friday, September 11th. They issued an “overweight” rating and a $133.00 price target on the stock. UBS Group reduced their price objective on shares of PPG Industries from $125.00 to $116.00 and set a “neutral” rating for the company in a research note on Monday. Citigroup decreased their target price on shares of PPG Industries from $121.00 to $118.00 and set a “neutral” rating for the company in a report on Wednesday, September 30th. Finally, Sanford C. Bernstein reiterated an “outperform” rating and issued a $136.00 target price on shares of PPG Industries in a research note on Thursday, September 24th. Eight equities research analysts have rated the stock with a Buy rating and nine have given a Hold rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $125.50.

Check Out Our Latest Stock Analysis on PPG Industries

PPG Industries Stock Down 0.8%

Shares of NYSE PPG traded down $0.81 on Friday, reaching $104.65. 351,817 shares of the company’s stock traded hands, compared to its average volume of 1,973,672. The business’s 50 day simple moving average is $110.26 and its two-hundred day simple moving average is $111.66. PPG Industries has a 12 month low of $93.39 and a 12 month high of $133.43. The company has a market cap of $23.26 billion, a price-to-earnings ratio of 15.01, a price-to-earnings-growth ratio of 1.70 and a beta of 1.06. The company has a quick ratio of 1.15, a current ratio of 1.58 and a debt-to-equity ratio of 0.72.

PPG Industries (NYSE:PPG – Get Free Report) last posted its quarterly earnings results on Tuesday, July 28th. The specialty chemicals company reported $2.23 earnings per share for the quarter, missing the consensus estimate of $2.25 by ($0.02). PPG Industries had a return on equity of 21.07% and a net margin of 9.57%.The company had revenue of $4.50 billion during the quarter, compared to analysts’ expectations of $4.37 billion. During the same quarter in the previous year, the company earned $2.22 EPS. The business’s quarterly 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 research analysts forecast that PPG Industries will post 7.89 EPS for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the stock. Bank of Nova Scotia purchased a new position in shares of PPG Industries in the second quarter valued at about $2,850,000. Legal & General Group Plc bought a new stake in PPG Industries during the 2nd quarter valued at approximately $169,096,000. Bank of America Corp DE bought a new stake in PPG Industries during the 2nd quarter valued at approximately $278,965,000. PensionDanmark Pensionsforsikringsaktieselskab lifted its holdings in PPG Industries by 38.8% in the 2nd quarter. PensionDanmark Pensionsforsikringsaktieselskab now owns 46,861 shares of the specialty chemicals company’s stock worth $5,684,000 after purchasing an additional 13,101 shares in the last quarter. Finally, Glenview Trust Co bought a new position in PPG Industries in the 2nd quarter worth approximately $1,931,000. 81.86% of the stock is owned by hedge funds and other institutional investors.

PPG Industries Company Profile

(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.