Royal Bank Of Canada Issues Pessimistic Forecast for PPG Industries (NYSE:PPG) Stock Price

PPG Industries (NYSE:PPG) had its price target decreased by analysts at Royal Bank Of Canada from $115.00 to $114.00 in a report released on Thursday,Benzinga reports. The firm presently has a “sector perform” rating on the specialty chemicals company’s stock. Royal Bank Of Canada’s price target suggests a potential upside of 17.38% from the company’s current price.

Several other analysts also recently issued reports on the stock. UBS Group upped their price objective on shares of PPG Industries from $110.00 to $122.00 and gave the stock a “neutral” rating in a report on Thursday, January 29th. Citigroup boosted their target price on shares of PPG Industries from $127.00 to $132.00 and gave the stock a “buy” rating in a research report on Thursday, January 29th. The Goldman Sachs Group upped their price target on shares of PPG Industries from $118.00 to $132.00 and gave the company a “buy” rating in a report on Thursday, January 29th. Berenberg Bank lowered their price target on PPG Industries from $131.00 to $110.00 and set a “hold” rating on the stock in a research report on Thursday, December 4th. Finally, Bank of America dropped their price objective on PPG Industries from $118.00 to $116.00 and set a “neutral” rating on the stock in a research note on Thursday, January 8th. One research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and ten have issued a Hold rating to the stock. According to data from MarketBeat.com, PPG Industries presently has a consensus rating of “Moderate Buy” and a consensus target price of $125.86.

PPG Industries Trading Down 1.3%

PPG Industries stock opened at $97.12 on Thursday. PPG Industries has a 12 month low of $90.24 and a 12 month high of $133.43. The company has a quick ratio of 1.22, a current ratio of 1.62 and a debt-to-equity ratio of 0.82. The stock has a market cap of $21.73 billion, a P/E ratio of 13.99, a P/E/G ratio of 1.48 and a beta of 1.15. The company’s fifty day simple moving average is $115.85 and its 200-day simple moving average is $107.16.

PPG Industries (NYSE:PPG) last announced its quarterly earnings data on Tuesday, January 27th. The specialty chemicals company reported $1.51 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.57 by ($0.06). The firm had revenue of $3.91 billion for the quarter, compared to analysts’ expectations of $3.77 billion. PPG Industries had a return on equity of 22.30% and a net margin of 9.93%.PPG Industries’s revenue was up 5.0% on a year-over-year basis. During the same quarter in the prior year, the business posted $1.61 earnings per share. PPG Industries has set its FY 2026 guidance at 7.700-8.100 EPS. As a group, sell-side analysts forecast that PPG Industries will post 7.95 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, CFO Vincent J. Morales sold 78,095 shares of the business’s stock in a transaction dated Friday, February 13th. The shares were sold at an average price of $131.00, for a total transaction of $10,230,445.00. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, VP Chancey E. Hagerty sold 2,250 shares of the company’s stock in a transaction dated Thursday, January 29th. The shares were sold at an average price of $115.59, for a total transaction of $260,077.50. Following the transaction, the vice president directly owned 8,477 shares of the company’s stock, valued at $979,856.43. This represents a 20.98% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 118,811 shares of company stock worth $15,219,371 in the last ninety days. Insiders own 0.33% of the company’s stock.

Hedge Funds Weigh In On PPG Industries

Several large investors have recently added to or reduced their stakes in PPG. CNB Bank grew its holdings in shares of PPG Industries by 1.8% during the 4th quarter. CNB Bank now owns 4,514 shares of the specialty chemicals company’s stock worth $463,000 after purchasing an additional 80 shares in the last quarter. IFP Advisors Inc raised its stake in shares of PPG Industries by 2.7% in the fourth quarter. IFP Advisors Inc now owns 3,302 shares of the specialty chemicals company’s stock valued at $338,000 after purchasing an additional 87 shares in the last quarter. Whittier Trust Co. lifted its position in PPG Industries by 1.4% in the fourth quarter. Whittier Trust Co. now owns 6,658 shares of the specialty chemicals company’s stock worth $703,000 after purchasing an additional 89 shares during the period. Insigneo Advisory Services LLC boosted its stake in PPG Industries by 4.3% during the fourth quarter. Insigneo Advisory Services LLC now owns 2,234 shares of the specialty chemicals company’s stock worth $229,000 after buying an additional 92 shares in the last quarter. Finally, OMERS ADMINISTRATION Corp boosted its stake in PPG Industries by 1.1% during the fourth quarter. OMERS ADMINISTRATION Corp now owns 8,533 shares of the specialty chemicals company’s stock worth $874,000 after buying an additional 92 shares in the last quarter. Institutional investors and hedge funds own 81.86% of the company’s stock.

About PPG Industries

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.