Wall Street Zen Upgrades PPG Industries (NYSE:PPG) to Buy

PPG Industries (NYSE:PPG) was upgraded by Wall Street Zen from a “hold” rating to a “buy” rating in a research report issued on Saturday.

Several other analysts also recently commented on the company. Weiss Ratings raised PPG Industries from a “hold (c-)” rating to a “hold (c)” rating in a research note on Wednesday, June 17th. Royal Bank Of Canada lifted their target price on PPG Industries from $119.00 to $129.00 and gave the company a “sector perform” rating in a research note on Wednesday, July 8th. BNP Paribas Exane boosted their target price on PPG Industries from $115.00 to $116.00 in a report on Thursday, April 30th. Citigroup upped their price target on PPG Industries from $114.00 to $125.00 and gave the stock a “neutral” rating in a research note on Wednesday, June 24th. Finally, BMO Capital Markets decreased their price target on PPG Industries from $140.00 to $138.00 and set an “outperform” rating for the company in a report on Monday, July 6th. Seven investment analysts have rated the stock with a Buy rating and ten have given a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $126.13.

PPG Industries Trading Down 1.1%

NYSE PPG opened at $117.39 on Friday. The firm’s fifty day moving average is $114.79 and its two-hundred day moving average is $112.87. PPG Industries has a one year low of $93.39 and a one year high of $133.43. The company has a debt-to-equity ratio of 0.78, a quick ratio of 1.17 and a current ratio of 1.61. The firm has a market cap of $26.17 billion, a PE ratio of 16.75, a P/E/G ratio of 1.73 and a beta of 1.05.

PPG Industries (NYSE:PPG) last announced its earnings results on Tuesday, April 28th. The specialty chemicals company reported $1.83 earnings per share for the quarter, topping the consensus estimate of $1.78 by $0.05. PPG Industries had a net margin of 9.83% and a return on equity of 21.68%. The business had revenue of $3.93 billion during the quarter, compared to the consensus estimate of $3.85 billion. During the same quarter in the prior year, the firm earned $1.72 earnings per share. The business’s quarterly revenue was up 6.7% compared to the same quarter last year. PPG Industries has set its FY 2026 guidance at 7.700-8.100 EPS. Analysts expect that PPG Industries will post 7.92 earnings per share for the current year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the company. Hudson Value Partners LLC purchased a new stake in shares of PPG Industries in the 2nd quarter worth about $218,000. Tema ETFs LLC increased its holdings in PPG Industries by 10.5% during the 2nd quarter. Tema ETFs LLC now owns 4,593 shares of the specialty chemicals company’s stock valued at $557,000 after acquiring an additional 435 shares in the last quarter. G&S Capital LLC increased its holdings in PPG Industries by 8.6% during the 2nd quarter. G&S Capital LLC now owns 6,892 shares of the specialty chemicals company’s stock valued at $836,000 after acquiring an additional 548 shares in the last quarter. Charles Schwab Trust Co raised its position in PPG Industries by 16.5% during the second quarter. Charles Schwab Trust Co now owns 2,817 shares of the specialty chemicals company’s stock worth $342,000 after acquiring an additional 400 shares during the last quarter. Finally, Valeo Financial Advisors LLC acquired a new position in PPG Industries during the second quarter worth about $234,000. Institutional investors and hedge funds 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.