PPG Industries PT Raised to $200.00 at Jefferies Group (PPG)
Analysts at Jefferies Group increased their price objective on shares of PPG Industries (NYSE:PPG) from $185.00 to $200.00 in a research report issued to clients and investors on Wednesday, AmericanBankingNews.com reports. The firm currently has a “buy” rating on the stock. Jefferies Group’s price objective suggests a potential upside of 20.32% from the company’s current price.
Other equities research analysts have also recently issued reports about the stock. Analysts at Deutsche Bank reiterated a “buy” rating on shares of PPG Industries in a research note to investors on Tuesday, July 30th. They now have a $180.00 price target on the stock. Separately, analysts at Susquehanna raised their price target on shares of PPG Industries from $181.00 to $185.00 in a research note to investors on Monday, July 22nd. They now have a “positive” rating on the stock. Finally, analysts at Barclays raised their price target on shares of PPG Industries from $157.00 to $167.00 in a research note to investors on Monday, July 22nd. They now have an “equal weight” rating on the stock. Six research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. PPG Industries presently has a consensus rating of “Buy” and a consensus target price of $159.53.
Shares of PPG Industries (NYSE:PPG) traded up 0.45% on Wednesday, hitting $166.22. 961,122 shares of the company’s stock traded hands. PPG Industries has a 1-year low of $113.70 and a 1-year high of $172.21. The stock has a 50-day moving average of $163.6 and a 200-day moving average of $155.. The company has a market cap of $23.754 billion and a P/E ratio of 7.54.
PPG Industries (NYSE:PPG) last issued its quarterly earnings data on Thursday, July 18th. The company reported $2.45 earnings per share for the quarter, beating the analysts’ consensus estimate of $2.36 by $0.09. The company had revenue of $4.10 billion for the quarter, compared to the consensus estimate of $4.09 billion. During the same quarter last year, the company posted $2.36 earnings per share. PPG Industries’s revenue was up 16.1% compared to the same quarter last year. Analysts expect that PPG Industries will post $8.09 EPS for the current fiscal year.
PPG Industries, Inc (NYSE:PPG) is a global supplier of protective and decorative coatings.
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