PPG Industries, Inc. (NYSE:PPG) had its price target lifted by stock analysts at Deutsche Bank AG from $110.00 to $115.00 in a research report issued on Friday. The brokerage presently has a “hold” rating on the specialty chemicals company’s stock. Deutsche Bank AG’s price target indicates a potential upside of 8.11% from the company’s current price.

Several other brokerages also recently weighed in on PPG. TheStreet upgraded PPG Industries from a “c+” rating to a “b+” rating in a report on Monday, May 22nd. Jefferies Group LLC reiterated a “buy” rating and issued a $120.00 price objective (up previously from $113.00) on shares of PPG Industries in a report on Tuesday, April 18th. Barclays PLC increased their price objective on PPG Industries from $110.00 to $115.00 and gave the company an “equal weight” rating in a report on Monday, April 24th. Credit Suisse Group reiterated an “outperform” rating and issued a $114.00 price objective (up previously from $109.00) on shares of PPG Industries in a report on Monday. They noted that the move was a valuation call. Finally, BidaskClub upgraded PPG Industries from a “hold” rating to a “buy” rating in a report on Wednesday. Eight research analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average price target of $115.23.

PPG Industries (NYSE PPG) traded down 0.33% during trading on Friday, reaching $106.37. The company’s stock had a trading volume of 2,676,696 shares. The stock has a market capitalization of $27.25 billion, a PE ratio of 32.57 and a beta of 1.56. PPG Industries has a 1-year low of $89.64 and a 1-year high of $113.67. The stock has a 50 day moving average price of $110.60 and a 200 day moving average price of $105.37.

PPG Industries (NYSE:PPG) last issued its quarterly earnings results on Thursday, July 20th. The specialty chemicals company reported $1.83 earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of $1.83. PPG Industries had a return on equity of 30.40% and a net margin of 5.79%. The company had revenue of $3.81 billion for the quarter, compared to the consensus estimate of $3.92 billion. During the same quarter in the prior year, the business earned $1.73 EPS. PPG Industries’s revenue was up .6% on a year-over-year basis. Analysts anticipate that PPG Industries will post $6.18 earnings per share for the current fiscal year.

ILLEGAL ACTIVITY WARNING: This piece of content was published by American Banking News and is the sole property of of American Banking News. If you are accessing this piece of content on another site, it was illegally copied and reposted in violation of US & international copyright & trademark laws. The correct version of this piece of content can be viewed at https://www.americanbankingnews.com/2017/07/21/ppg-industries-inc-nyseppg-pt-raised-to-115-00-at-deutsche-bank-ag.html.

A number of hedge funds have recently bought and sold shares of PPG. Quadrature Capital Ltd boosted its stake in PPG Industries by 32.4% in the fourth quarter. Quadrature Capital Ltd now owns 14,599 shares of the specialty chemicals company’s stock worth $1,384,000 after buying an additional 3,573 shares during the last quarter. HighPoint Advisor Group LLC bought a new stake in PPG Industries during the fourth quarter worth $801,000. Whalerock Point Partners LLC boosted its stake in PPG Industries by 17.4% in the fourth quarter. Whalerock Point Partners LLC now owns 7,395 shares of the specialty chemicals company’s stock worth $701,000 after buying an additional 1,095 shares during the last quarter. Teachers Advisors LLC boosted its stake in PPG Industries by 4.4% in the fourth quarter. Teachers Advisors LLC now owns 303,415 shares of the specialty chemicals company’s stock worth $28,752,000 after buying an additional 12,869 shares during the last quarter. Finally, Kentucky Retirement Systems bought a new stake in PPG Industries during the fourth quarter worth $1,815,000. 71.55% of the stock is owned by institutional investors.

About PPG Industries

PPG Industries, Inc manufactures and distributes a range of coatings and specialty materials. The Company has three segments: Performance Coatings, Industrial Coatings and Glass. The Performance Coatings segment includes the refinish, aerospace, protective and marine, architectural businesses. The Industrial Coatings segment includes the automotive original equipment manufacturer (OEM), industrial coatings, packaging coatings, coatings services and specialty coatings and materials businesses.

Analyst Recommendations for PPG Industries (NYSE:PPG)

Receive News & Ratings for PPG Industries Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for PPG Industries Inc. and related companies with MarketBeat.com's FREE daily email newsletter.