PPG Industries Price Target Increased to $225.00 by Analysts at Robert W. Baird (PPG)
Research analysts at Robert W. Baird upped their target price on shares of PPG Industries (NYSE:PPG) from $215.00 to $225.00 in a report released on Tuesday. Robert W. Baird’s target price would indicate a potential upside of 7.73% from the stock’s previous close.
Several other analysts have also recently commented on the stock. Analysts at JPMorgan Chase & Co. reiterated an “overweight” rating on shares of PPG Industries in a research note on Tuesday. They now have a $225.00 price target on the stock, up previously from $208.00. Separately, analysts at Deutsche Bank reiterated a “buy” rating on shares of PPG Industries in a research note on Tuesday. They now have a $235.00 price target on the stock, up previously from $220.00. Finally, analysts at Jefferies Group raised their price target on shares of PPG Industries from $228.00 to $240.00 in a research note on Friday, June 6th. They now have a “buy” rating on the stock. Two investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. The stock has an average rating of “Buy” and an average price target of $198.85.
Shares of PPG Industries (NYSE:PPG) traded down 0.61% on Tuesday, hitting $208.86. The stock had a trading volume of 679,294 shares. PPG Industries has a one year low of $144.58 and a one year high of $213.01. The stock’s 50-day moving average is $201.8 and its 200-day moving average is $193.6. The company has a market cap of $28.877 billion and a P/E ratio of 14.45.
PPG Industries (NYSE:PPG) last released its earnings data on Thursday, April 17th. The company reported $1.98 EPS for the quarter, beating the Thomson Reuters consensus estimate of $1.89 by $0.09. The company had revenue of $3.65 billion for the quarter, compared to the consensus estimate of $3.63 billion. During the same quarter in the prior year, the company posted $1.58 earnings per share. The company’s quarterly revenue was up 17.0% on a year-over-year basis. Analysts expect that PPG Industries will post $9.46 EPS for the current fiscal year.
PPG Industries, Inc (NYSE:PPG) is a global supplier of protective and decorative coatings.
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