PPG Industries (NYSE:PPG) Given New $138.00 Price Target at BMO Capital Markets

PPG Industries (NYSE:PPG) had its price objective lowered by analysts at BMO Capital Markets from $140.00 to $138.00 in a report issued on Monday,Benzinga reports. The brokerage currently has an “outperform” rating on the specialty chemicals company’s stock. BMO Capital Markets’ target price would indicate a potential upside of 10.14% from the company’s current price.

A number of other research analysts have also recently commented on PPG. Wells Fargo & Company dropped their target price on shares of PPG Industries from $135.00 to $130.00 and set an “overweight” rating for the company in a report on Friday, April 10th. Citigroup increased their price objective on shares of PPG Industries from $114.00 to $125.00 and gave the company a “neutral” rating in a research note on Wednesday, June 24th. UBS Group boosted their target price on shares of PPG Industries from $110.00 to $116.00 and gave the stock a “neutral” rating in a research note on Thursday, April 30th. Royal Bank Of Canada reissued a “sector perform” rating and set a $119.00 price objective on shares of PPG Industries in a report on Wednesday, June 10th. Finally, JPMorgan Chase & Co. reduced their price objective on PPG Industries from $126.00 to $125.00 in a research report on Thursday, April 30th. Six investment analysts have rated the stock with a Buy rating and eleven have issued a Hold rating to the company. Based on data from MarketBeat.com, PPG Industries currently has an average rating of “Hold” and a consensus target price of $124.27.

PPG Industries Price Performance

Shares of NYSE:PPG opened at $125.30 on Monday. The company has a current ratio of 1.61, a quick ratio of 1.17 and a debt-to-equity ratio of 0.78. The stock has a market capitalization of $27.93 billion, a PE ratio of 17.87, a PEG ratio of 1.83 and a beta of 1.05. The firm has a 50 day moving average of $113.12 and a 200-day moving average of $111.96. PPG Industries has a 12 month low of $93.39 and a 12 month high of $133.43.

PPG Industries (NYSE:PPG) last announced its quarterly earnings data on Tuesday, April 28th. The specialty chemicals company reported $1.83 EPS for the quarter, beating the consensus estimate of $1.78 by $0.05. PPG Industries had a net margin of 9.83% and a return on equity of 21.68%. The business had revenue of $3.93 billion during the quarter, compared to the consensus estimate of $3.85 billion. During the same period in the previous year, the business earned $1.72 earnings per share. The company’s 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. On average, equities research analysts predict that PPG Industries will post 7.93 EPS for the current fiscal year.

Institutional Trading of PPG Industries

A number of institutional investors and hedge funds have recently bought and sold shares of PPG. Brighton Jones LLC increased its stake in shares of PPG Industries by 9.1% in the fourth quarter. Brighton Jones LLC now owns 4,075 shares of the specialty chemicals company’s stock valued at $487,000 after buying an additional 339 shares during the period. Integrated Wealth Concepts LLC boosted its holdings in PPG Industries by 31.4% in the first quarter. Integrated Wealth Concepts LLC now owns 3,849 shares of the specialty chemicals company’s stock valued at $421,000 after acquiring an additional 920 shares during the last quarter. Empowered Funds LLC boosted its holdings in PPG Industries by 6.1% in the first quarter. Empowered Funds LLC now owns 26,354 shares of the specialty chemicals company’s stock valued at $2,882,000 after acquiring an additional 1,526 shares during the last quarter. Woodline Partners LP increased its position in PPG Industries by 40.7% during the 1st quarter. Woodline Partners LP now owns 19,600 shares of the specialty chemicals company’s stock valued at $2,143,000 after purchasing an additional 5,667 shares during the period. Finally, Cresset Asset Management LLC increased its position in PPG Industries by 6.2% during the 2nd quarter. Cresset Asset Management LLC now owns 6,346 shares of the specialty chemicals company’s stock valued at $722,000 after purchasing an additional 371 shares during the period. 81.86% of the stock is currently owned by institutional investors and hedge funds.

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.