PPG Industries (NYSE:PPG) Price Target Cut to $155.00 by Analysts at Deutsche Bank Aktiengesellschaft

PPG Industries (NYSE:PPG – Get Rating) had its price objective reduced by stock analysts at Deutsche Bank Aktiengesellschaft from $180.00 to $155.00 in a research note issued to investors on Monday, The Fly reports. Deutsche Bank Aktiengesellschaft’s price objective points to a potential upside of 16.67% from the company’s previous close.

PPG has been the subject of a number of other research reports. StockNews.com assumed coverage on PPG Industries in a research note on Thursday, March 31st. They issued a “hold” rating for the company. Robert W. Baird reaffirmed a “buy” rating and issued a $200.00 price objective on shares of PPG Industries in a research note on Friday, February 11th. BMO Capital Markets dropped their price objective on PPG Industries from $199.00 to $181.00 and set an “outperform” rating for the company in a research note on Monday, January 24th. Royal Bank of Canada dropped their price target on PPG Industries from $174.00 to $169.00 in a research note on Tuesday, January 25th. Finally, Jefferies Financial Group cut their price target on PPG Industries from $170.00 to $130.00 and set a “hold” rating for the company in a report on Wednesday, March 9th. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating and eleven have given a buy rating to the company’s stock. According to data from MarketBeat, PPG Industries currently has a consensus rating of “Hold” and a consensus price target of $171.07.

NYSE:PPG opened at $132.85 on Monday. The stock has a 50-day simple moving average of $131.93 and a two-hundred day simple moving average of $150.98. PPG Industries has a 52-week low of $111.32 and a 52-week high of $182.97. The company has a debt-to-equity ratio of 1.03, a quick ratio of 0.97 and a current ratio of 1.42. The firm has a market capitalization of $31.37 billion, a PE ratio of 29.46, a P/E/G ratio of 1.67 and a beta of 1.22.

PPG Industries (NYSE:PPG – Get Rating) last released its quarterly earnings results on Thursday, April 21st. The specialty chemicals company reported $1.37 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.12 by $0.25. PPG Industries had a return on equity of 23.34% and a net margin of 6.26%. The business had revenue of $4.31 billion during the quarter, compared to analyst estimates of $4.24 billion. During the same quarter in the previous year, the company posted $1.88 earnings per share. PPG Industries’s revenue for the quarter was up 11.0% on a year-over-year basis. Equities analysts forecast that PPG Industries will post 7.18 earnings per share for the current fiscal year.

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Cornerstone Wealth Management LLC raised its position in PPG Industries by 2.9% during the 3rd quarter. Cornerstone Wealth Management LLC now owns 2,280 shares of the specialty chemicals company’s stock valued at $326,000 after purchasing an additional 64 shares in the last quarter. Insight Folios Inc increased its holdings in shares of PPG Industries by 3.7% in the 4th quarter. Insight Folios Inc now owns 1,918 shares of the specialty chemicals company’s stock valued at $331,000 after acquiring an additional 69 shares during the period. Birch Hill Investment Advisors LLC increased its holdings in shares of PPG Industries by 2.2% in the 4th quarter. Birch Hill Investment Advisors LLC now owns 3,270 shares of the specialty chemicals company’s stock valued at $564,000 after acquiring an additional 70 shares during the period. Mitchell Mcleod Pugh & Williams Inc. increased its holdings in shares of PPG Industries by 1.2% in the 3rd quarter. Mitchell Mcleod Pugh & Williams Inc. now owns 6,061 shares of the specialty chemicals company’s stock valued at $867,000 after acquiring an additional 71 shares during the period. Finally, Linscomb & Williams Inc. increased its holdings in shares of PPG Industries by 3.7% in the 4th quarter. Linscomb & Williams Inc. now owns 2,048 shares of the specialty chemicals company’s stock valued at $353,000 after acquiring an additional 74 shares during the period. 78.95% of the stock is owned by institutional investors and hedge funds.

PPG Industries Company Profile (Get Rating)

PPG Industries, Inc manufactures and distributes paints, coatings, and specialty materials worldwide. The company's Performance Coatings segment offers coatings, solvents, adhesives, sealants, sundries, and software for automotive and commercial transport/fleet repair and refurbishing, light industrial coatings, and specialty coatings for signs; and coatings, sealants, transparencies, transparent armor, adhesives, engineered materials, and packaging and chemical management services for commercial, military, regional jet, and general aviation aircraft.

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