PPG Industries (NYSE:PPG) Price Target Raised to $135.00

PPG Industries (NYSE:PPG) had its price objective upped by research analysts at Wells Fargo & Company from $130.00 to $135.00 in a report issued on Thursday, Benzinga reports. The brokerage presently has an “overweight” rating on the specialty chemicals company’s stock. Wells Fargo & Company‘s price objective points to a potential upside of 13.72% from the stock’s current price.

PPG has been the subject of a number of other reports. Royal Bank Of Canada decreased their price objective on shares of PPG Industries from $122.00 to $115.00 and set a “sector perform” rating for the company in a report on Friday, October 9th. KeyCorp upped their price target on shares of PPG Industries from $128.00 to $131.00 and gave the company an “overweight” rating in a report on Thursday. Citigroup lowered their target price on PPG Industries from $121.00 to $118.00 and set a “neutral” rating on the stock in a report on Wednesday, September 30th. Barclays started coverage on PPG Industries in a research report on Tuesday, October 13th. They issued an “overweight” rating and a $136.00 price objective for the company. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of PPG Industries in a report on Monday, September 14th. One equities research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and nine have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $126.29.

PPG Industries Stock Up 0.2%

Shares of NYSE:PPG traded up $0.27 during trading on Thursday, reaching $118.71. 217,423 shares of the company traded hands, compared to its average volume of 1,977,235. 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 has a 1-year low of $93.39 and a 1-year high of $133.43. The firm has a fifty day simple moving average of $108.51 and a 200 day simple moving average of $112.35. The firm has a market cap of $26.39 billion, a P/E ratio of 17.06, a price-to-earnings-growth ratio of 2.04 and a beta of 1.06.

PPG Industries (NYSE:PPG) last issued its earnings results on Tuesday, October 27th. The specialty chemicals company reported $2.25 EPS for the quarter, beating analysts’ consensus estimates of $2.12 by $0.13. The firm had revenue of $4.35 billion for the quarter, compared to the consensus estimate of $4.28 billion. PPG Industries had a return on equity of 21.07% and a net margin of 9.57%. The business’s quarterly revenue was up 6.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $2.13 earnings per share. Analysts anticipate that PPG Industries will post 7.87 earnings per share for the current fiscal year.

Hedge Funds Weigh In On PPG Industries

Several hedge funds have recently added to or reduced their stakes in the company. Meeder Asset Management Inc. bought a new position in shares of PPG Industries in the 2nd quarter valued at about $26,000. Keating Financial Advisory Services Inc. bought a new position in shares of PPG Industries in the 2nd quarter worth $28,000. Community Bank N.A. bought a new stake in PPG Industries in the second quarter valued at about $28,000. Pin Oak Investment Advisors Inc. bought a new position in PPG Industries during the 2nd quarter worth approximately $29,000. Finally, Silvant Capital Management LLC bought a new position in shares of PPG Industries during the second quarter worth $30,000. Institutional investors own 81.86% of the company’s stock.

Key Stories Impacting PPG Industries

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

• Positive Sentiment: Q3 results exceeded expectations: PPG reported adjusted earnings of $2.25 per share, above the $2.12–$2.13 analyst consensus, while revenue rose 6.6% year over year to $4.35 billion, beating estimates of approximately $4.28 billion. PPG Industries Reports Third-Quarter Earnings
• Positive Sentiment: Aerospace and operating execution supported growth: The earnings beat was driven by strength in aerospace, along with higher prices and volumes, signaling continued demand and improved pricing realization in key businesses. PPG Q3 Earnings Beat Estimates
• Positive Sentiment: Full-year outlook improved: PPG projected adjusted 2026 earnings of $7.90 to $8.10 per share and expects fourth-quarter EBITDA margin to improve by as much as 100 basis points. The company also described third-quarter EPS as a record, supporting confidence in its earnings trajectory. PPG Raises Earnings Outlook
• Positive Sentiment: Analysts raised price targets: KeyBanc increased its target to $131, Wells Fargo raised its target to $135 from $130, and Bernstein lifted its target to $137 from $136, reflecting improved expectations following the results. KeyBanc Raises PPG Price Target
• Neutral Sentiment: Technical momentum improved: PPG shares crossed above their 200-day moving average, a potentially constructive technical signal, although some commentary questioned whether the move represented a selling opportunity after the recent advance. PPG Shares Cross Above 200-Day Moving Average

About PPG Industries

PPG Industries, Inc is a global manufacturer of paints, coatings and specialty materials. The company develops products designed to protect, decorate and improve the performance of surfaces and components used in transportation, construction, manufacturing and consumer products.

Its product portfolio includes automotive and commercial vehicle coatings, aerospace coatings, industrial and protective coatings, architectural paints, packaging coatings, and coatings used in marine and other specialty applications.