Mizuho Has Lowered Expectations for PPG Industries (NYSE:PPG) Stock Price

PPG Industries (NYSE:PPG) had its price target lowered by equities researchers at Mizuho from $140.00 to $115.00 in a research note issued on Monday,Benzinga reports. The firm presently has an “outperform” rating on the specialty chemicals company’s stock. Mizuho’s target price would indicate a potential upside of 11.13% from the stock’s current price.

Other equities analysts also recently issued reports about the stock. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of PPG Industries in a report on Wednesday, January 28th. Zacks Research raised shares of PPG Industries from a “strong sell” rating to a “hold” rating in a research report on Friday, January 23rd. UBS Group boosted their price target 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. JPMorgan Chase & Co. upped their price objective on shares of PPG Industries from $117.00 to $126.00 and gave the stock an “overweight” rating in a research report on Thursday, January 29th. Finally, KeyCorp reiterated a “sector weight” rating on shares of PPG Industries in a research note on Thursday, January 29th. One research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and ten have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $124.07.

PPG Industries Stock Performance

Shares of PPG Industries stock opened at $103.48 on Monday. PPG Industries has a 52 week low of $90.24 and a 52 week 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 business has a 50 day moving average price of $115.65 and a 200-day moving average price of $107.03. The company has a market cap of $23.16 billion, a PE ratio of 14.91, a price-to-earnings-growth ratio of 1.54 and a beta of 1.15.

PPG Industries (NYSE:PPG) last announced its earnings results 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). PPG Industries had a net margin of 9.93% and a return on equity of 22.30%. The company had revenue of $3.91 billion for the quarter, compared to analysts’ expectations of $3.77 billion. During the same period in the previous year, the firm earned $1.61 EPS. The firm’s quarterly revenue was up 5.0% on a year-over-year basis. PPG Industries has set its FY 2026 guidance at 7.700-8.100 EPS. Equities analysts anticipate that PPG Industries will post 7.95 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, VP Chancey E. Hagerty sold 2,250 shares of the stock in a transaction that occurred on Thursday, January 29th. The shares were sold at an average price of $115.59, for a total transaction of $260,077.50. Following the completion of 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. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Anne M. Foulkes sold 3,594 shares of the firm’s stock in a transaction that occurred on Friday, February 20th. The stock was sold at an average price of $124.61, for a total transaction of $447,848.34. Following the sale, the vice president owned 15,641 shares of the company’s stock, valued at approximately $1,949,025.01. The trade was a 18.68% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders sold 118,811 shares of company stock worth $15,219,371. Insiders own 0.33% of the company’s stock.

Hedge Funds Weigh In On PPG Industries

Several institutional investors have recently bought and sold shares of the company. Dorato Capital Management bought a new stake in shares of PPG Industries in the fourth quarter valued at $26,000. Quarry LP bought a new position in shares of PPG Industries during the 3rd quarter worth $26,000. Steigerwald Gordon & Koch Inc. bought a new position in shares of PPG Industries during the 3rd quarter worth $26,000. Resources Management Corp CT ADV increased its holdings in PPG Industries by 900.0% in the 4th quarter. Resources Management Corp CT ADV now owns 250 shares of the specialty chemicals company’s stock worth $26,000 after acquiring an additional 225 shares during the last quarter. Finally, Vermillion & White Wealth Management Group LLC raised its stake in PPG Industries by 100.7% in the 2nd quarter. Vermillion & White Wealth Management Group LLC now owns 273 shares of the specialty chemicals company’s stock valued at $31,000 after acquiring an additional 137 shares during the period. Hedge funds and other institutional investors own 81.86% of the company’s stock.

PPG Industries Company Profile

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.