PPG Industries (NYSE:PPG) Stock Price Expected to Rise, Citigroup Analyst Says

PPG Industries (NYSE:PPG) had its price objective lifted by equities research analysts at Citigroup from $127.00 to $132.00 in a note issued to investors on Thursday,Benzinga reports. The firm currently has a “buy” rating on the specialty chemicals company’s stock. Citigroup’s target price indicates a potential upside of 13.75% from the company’s previous close.

Several other research firms also recently commented on PPG. Mizuho upped their price objective on shares of PPG Industries from $118.00 to $125.00 and gave the company an “outperform” rating in a report on Wednesday. BNP Paribas Exane dropped their price target on PPG Industries from $113.00 to $112.00 and set a “neutral” rating for the company in a research report on Wednesday, January 14th. Berenberg Bank cut their target price on PPG Industries from $131.00 to $110.00 and set a “hold” rating for the company in a research note on Thursday, December 4th. Weiss Ratings reiterated a “hold (c-)” rating on shares of PPG Industries in a report on Friday, October 31st. Finally, Bank of America cut their target price 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. One analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and twelve have given a Hold rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $123.33.

PPG Industries Stock Up 1.8%

NYSE PPG traded up $2.08 during midday trading on Thursday, hitting $116.04. 1,258,153 shares of the company traded hands, compared to its average volume of 2,250,837. PPG Industries has a 52 week low of $90.24 and a 52 week high of $123.30. The company’s 50-day simple moving average is $104.38 and its 200-day simple moving average is $105.51. The company has a market cap of $26.04 billion, a PE ratio of 26.26, a price-to-earnings-growth ratio of 3.23 and a beta of 1.17. The company has a debt-to-equity ratio of 0.74, a current ratio of 1.47 and a quick ratio of 1.08.

PPG Industries (NYSE:PPG) last issued its quarterly earnings data on Tuesday, January 27th. The specialty chemicals company reported $1.51 earnings per share for the quarter, missing analysts’ consensus estimates of $1.57 by ($0.06). PPG Industries had a return on equity of 22.67% and a net margin of 9.93%.The company had revenue of $3.91 billion for the quarter, compared to analysts’ expectations of $3.77 billion. During the same quarter last year, the company earned $1.61 earnings per share. The company’s revenue for the quarter was up 5.0% compared to the same quarter last year. 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 7.95 earnings per share for the current year.

Insider Transactions at PPG Industries

In other news, CFO Vincent J. Morales sold 5,200 shares of the firm’s stock in a transaction dated Thursday, January 15th. The stock was sold at an average price of $110.00, for a total value of $572,000.00. Following the transaction, the chief financial officer directly owned 28,439 shares in the company, valued at $3,128,290. This trade represents a 15.46% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Company insiders own 0.33% of the company’s stock.

Institutional Trading of PPG Industries

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Walnut Level Capital LLC boosted its position in PPG Industries by 46.8% in the second quarter. Walnut Level Capital LLC now owns 62,754 shares of the specialty chemicals company’s stock valued at $7,138,000 after buying an additional 20,000 shares in the last quarter. GAM Holding AG lifted its stake in shares of PPG Industries by 97.5% in the third quarter. GAM Holding AG now owns 21,281 shares of the specialty chemicals company’s stock worth $2,237,000 after acquiring an additional 10,508 shares during the period. Vest Financial LLC boosted its holdings in PPG Industries by 17.4% in the second quarter. Vest Financial LLC now owns 526,269 shares of the specialty chemicals company’s stock valued at $59,863,000 after acquiring an additional 78,022 shares during the last quarter. Columbia Advisory Partners LLC acquired a new position in PPG Industries in the second quarter valued at $318,000. Finally, Empower Advisory Group LLC raised its position in shares of PPG Industries by 9.3% in the 2nd quarter. Empower Advisory Group LLC now owns 77,252 shares of the specialty chemicals company’s stock worth $8,787,000 after acquiring an additional 6,559 shares in the last quarter. 81.86% of the stock is owned by institutional investors.

Key PPG Industries News

Here are the key news stories impacting PPG Industries this week:

• Positive Sentiment: Multiple analyst upgrades and higher price targets support upside potential — Wells Fargo raised its target to $135 and kept an “overweight” rating (big upside vs. the current price), and Mizuho raised its target to $125 with an “outperform” rating. Article Title
• Positive Sentiment: Revenue beat and sales growth: PPG reported Q4 revenue of $3.91B, up ~5% year‑over‑year and ahead of estimates — a sign demand/pricing held up across coating segments. Article Title
• Positive Sentiment: Cash flow strength: operating cash from operations rose sharply y/y (reported ~ $685M), which supports balance sheet flexibility and buybacks/dividends. Article Title
• Neutral Sentiment: Analyst coverage & education pieces (Zacks, Seeking Alpha) discuss PPG as a value/earnings‑setup name; useful context for long‑term investors but not immediate catalysts. Article Title
• Neutral Sentiment: Company materials: the Q4 earnings call transcript and slide deck are available for deeper read on segment detail and management commentary. Article Title
• Negative Sentiment: EPS miss and weaker profitability metrics: Q4 EPS missed consensus ($1.51 reported vs. $1.57 expected) and disclosure of lower operating profit / net income pressures sentiment. Article Title
• Negative Sentiment: FY‑2026 guidance came in at $7.70–$8.10 EPS, slightly below the Street (~8.06), which tempers near‑term upside and explains some analyst caution. Article Title
• Negative Sentiment: Regional/market softness flagged by management (soft European and industrial markets) and press coverage amplified downside risk for cyclically sensitive end markets. Article Title
• Negative Sentiment: RBC raised its target to $115 but kept a “sector perform” rating — the target sits at/just below the current price, signaling limited near‑term upside from that shop. Article Title

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.