Royal Bank Of Canada Issues Pessimistic Forecast for PPG Industries (NYSE:PPG) Stock Price

PPG Industries (NYSE:PPG) had its price objective reduced by investment analysts at Royal Bank Of Canada from $115.00 to $114.00 in a report issued on Thursday,Benzinga reports. The firm presently has a “sector perform” rating on the specialty chemicals company’s stock. Royal Bank Of Canada’s target price points to a potential upside of 17.28% from the company’s current price.

PPG has been the topic of several other research reports. Bank of America lowered their price objective on shares of PPG Industries from $118.00 to $116.00 and set a “neutral” rating on the stock in a research note on Thursday, January 8th. BNP Paribas Exane reduced their price target on shares of PPG Industries from $113.00 to $112.00 and set a “neutral” rating for the company in a report on Wednesday, January 14th. The Goldman Sachs Group raised their price target on shares of PPG Industries from $118.00 to $132.00 and gave the stock a “buy” rating in a research report on Thursday, January 29th. Evercore boosted their price objective on shares of PPG Industries from $112.00 to $128.00 in a report on Wednesday, February 18th. Finally, Berenberg Bank reduced their target price on shares of PPG Industries from $131.00 to $110.00 and set a “hold” rating for the company in a research note on Thursday, December 4th. One research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and ten have issued a Hold rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $125.86.

PPG Industries Stock Performance

PPG traded down $3.58 during trading on Thursday, hitting $97.21. The stock had a trading volume of 558,796 shares, compared to its average volume of 2,223,548. The firm has a market cap of $21.75 billion, a PE ratio of 14.01, a P/E/G ratio of 1.56 and a beta of 1.15. The company has a current ratio of 1.62, a quick ratio of 1.22 and a debt-to-equity ratio of 0.82. PPG Industries has a 12 month low of $90.24 and a 12 month high of $133.43. The company has a 50 day simple moving average of $116.20 and a 200-day simple moving average of $107.32.

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

Insider Transactions at PPG Industries

In related news, CFO Vincent J. Morales sold 78,095 shares of the stock in a transaction dated Friday, February 13th. The shares were sold at an average price of $131.00, for a total value of $10,230,445.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Chancey E. Hagerty sold 2,250 shares of the firm’s stock in a transaction dated Thursday, January 29th. The stock was sold at an average price of $115.59, for a total transaction of $260,077.50. Following the transaction, the vice president owned 8,477 shares of the company’s stock, valued at approximately $979,856.43. This represents a 20.98% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last three months, insiders sold 118,811 shares of company stock valued at $15,219,371. Company insiders own 0.33% of the company’s stock.

Hedge Funds Weigh In On PPG Industries

Hedge funds and other institutional investors have recently modified their holdings of the stock. CNB Bank grew its position in PPG Industries by 1.8% in the fourth quarter. CNB Bank now owns 4,514 shares of the specialty chemicals company’s stock valued at $463,000 after acquiring an additional 80 shares during the period. IFP Advisors Inc boosted its stake in shares of PPG Industries by 2.7% in the 4th quarter. IFP Advisors Inc now owns 3,302 shares of the specialty chemicals company’s stock valued at $338,000 after purchasing an additional 87 shares in the last quarter. Whittier Trust Co. grew its holdings in shares of PPG Industries by 1.4% in the 4th quarter. Whittier Trust Co. now owns 6,658 shares of the specialty chemicals company’s stock worth $703,000 after purchasing an additional 89 shares during the last quarter. Insigneo Advisory Services LLC increased its position in shares of PPG Industries by 4.3% during the 4th quarter. Insigneo Advisory Services LLC now owns 2,234 shares of the specialty chemicals company’s stock worth $229,000 after purchasing an additional 92 shares in the last quarter. Finally, OMERS ADMINISTRATION Corp increased its position in shares of PPG Industries by 1.1% during the 4th quarter. OMERS ADMINISTRATION Corp now owns 8,533 shares of the specialty chemicals company’s stock worth $874,000 after purchasing an additional 92 shares in the last quarter. Institutional investors own 81.86% of the company’s stock.

PPG Industries Company Profile

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.