PPG Industries (NYSE:PPG) Stock Price Expected to Rise, The Goldman Sachs Group Analyst Says

PPG Industries (NYSE:PPG) had its price objective upped by equities research analysts at The Goldman Sachs Group from $118.00 to $132.00 in a report released on Thursday,Benzinga reports. The firm presently has a “buy” rating on the specialty chemicals company’s stock. The Goldman Sachs Group’s price target indicates a potential upside of 14.20% from the stock’s current price.

Other analysts also recently issued reports about the company. Citigroup raised their target price on PPG Industries from $116.00 to $120.00 and gave the stock a “buy” rating in a research note on Thursday, December 18th. Bank of America dropped their price objective on shares of PPG Industries from $118.00 to $116.00 and set a “neutral” rating for the company in a report on Thursday, January 8th. Royal Bank Of Canada lifted their target price on shares of PPG Industries from $109.00 to $115.00 and gave the stock a “sector perform” rating in a research note on Thursday. Weiss Ratings reiterated a “hold (c-)” rating on shares of PPG Industries in a report on Friday, October 31st. Finally, Sanford C. Bernstein dropped their price target on shares of PPG Industries from $129.00 to $123.00 and set an “outperform” rating for the company in a research note on Monday, November 24th. One equities research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and twelve have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $123.33.

PPG Industries Stock Down 0.8%

PPG stock opened at $115.58 on Thursday. The company has a current ratio of 1.47, a quick ratio of 1.08 and a debt-to-equity ratio of 0.74. The firm has a 50-day moving average of $105.14 and a two-hundred day moving average of $105.58. PPG Industries has a 12 month low of $90.24 and a 12 month high of $120.91. The company has a market cap of $25.94 billion, a price-to-earnings ratio of 16.65, a PEG ratio of 3.50 and a beta of 1.17.

PPG Industries (NYSE:PPG) last posted 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). PPG Industries had a net margin of 9.93% and a return on equity of 22.67%. The company had revenue of $3.91 billion during the quarter, compared to analysts’ expectations of $3.77 billion. During the same quarter last year, the company earned $1.61 earnings per share. PPG Industries’s revenue for the quarter was up 5.0% on a year-over-year basis. PPG Industries has set its FY 2026 guidance at 7.700-8.100 EPS. As a group, analysts forecast that PPG Industries will post 7.95 earnings per share for the current fiscal year.

Insider Activity

In related news, CFO Vincent J. Morales sold 5,200 shares of the stock in a transaction dated Thursday, January 15th. The stock was sold at an average price of $110.00, for a total transaction of $572,000.00. Following the transaction, the chief financial officer owned 28,439 shares of the company’s stock, valued at approximately $3,128,290. This represents a 15.46% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 0.33% of the company’s stock.

Institutional Trading of PPG Industries

A number of institutional investors and hedge funds have recently bought and sold shares of PPG. Norges Bank purchased a new position in shares of PPG Industries in the second quarter valued at approximately $362,412,000. Wellington Management Group LLP raised its position in PPG Industries by 19.9% in the 3rd quarter. Wellington Management Group LLP now owns 15,159,770 shares of the specialty chemicals company’s stock valued at $1,593,443,000 after purchasing an additional 2,521,004 shares in the last quarter. Franklin Resources Inc. grew its holdings in PPG Industries by 39.4% during the 3rd quarter. Franklin Resources Inc. now owns 4,695,477 shares of the specialty chemicals company’s stock worth $493,542,000 after acquiring an additional 1,326,619 shares in the last quarter. Holocene Advisors LP lifted its holdings in PPG Industries by 342.8% during the 2nd quarter. Holocene Advisors LP now owns 1,688,870 shares of the specialty chemicals company’s stock worth $192,109,000 after buying an additional 1,307,468 shares during the last quarter. Finally, First Eagle Investment Management LLC grew its position in shares of PPG Industries by 21.2% in the 2nd quarter. First Eagle Investment Management LLC now owns 5,560,280 shares of the specialty chemicals company’s stock valued at $632,482,000 after buying an additional 971,799 shares during the last quarter. 81.86% of the stock is currently owned by hedge funds and other institutional investors.

Key PPG Industries News

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

• Positive Sentiment: Multiple major brokers raised price targets and/or upgraded stance, suggesting renewed analyst confidence and upside (notable moves: Wells Fargo to $135, Goldman Sachs to $132, Citi to $132, JPMorgan to $126, Jefferies to $125, UBS to $122). Goldman Sachs Price Target Benzinga roundup
• Positive Sentiment: Management and analysts point to a gradual 2026 rebound: PPG set FY‑2026 EPS guidance (7.70–8.10) and management highlighted aerospace momentum and operational cost reductions as drivers of mid‑single‑digit EPS growth. This underpins the recent analyst upgrades. Seeking Alpha: Guidance and drivers
• Positive Sentiment: Citi has become more constructive—raising its target and highlighting emerging housing tailwinds that could boost coatings demand, a specific end‑market benefit for PPG. InsiderMonkey: Citi view
• Neutral Sentiment: Some upgrades came with neutral/hold ratings (e.g., UBS moved to neutral, Jefferies to hold), indicating that while the outlook is improving, not all analysts see clear near‑term upside—suggesting further share gains may depend on sustained execution. Benzinga: Analyst notes
• Negative Sentiment: Operational risk: PPG’s refinish sales have slipped as OEM coatings outpace the market, a segment headwind that could weigh on near‑term organic growth and margins if it continues. AutobodyNews: Refinish sales slide

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.