UBS Group Lowers PPG Industries (NYSE:PPG) Price Target to $110.00

PPG Industries (NYSE:PPG) had its price objective dropped by equities researchers at UBS Group from $122.00 to $110.00 in a report released on Thursday,Benzinga reports. The firm currently has a “neutral” rating on the specialty chemicals company’s stock. UBS Group’s target price would suggest a potential upside of 6.48% from the company’s previous close.

A number of other research firms also recently weighed in on PPG. Bank of America reduced their target price on shares of PPG Industries from $118.00 to $116.00 and set a “neutral” rating on the stock in a report on Thursday, January 8th. Citigroup reaffirmed a “neutral” rating and issued a $113.00 price target (down from $132.00) on shares of PPG Industries in a report on Wednesday. Deutsche Bank Aktiengesellschaft lifted their price target on PPG Industries from $120.00 to $130.00 in a research report on Friday, March 27th. Evercore boosted their price objective on PPG Industries from $112.00 to $128.00 in a research note on Wednesday, February 18th. Finally, Zacks Research upgraded PPG Industries from a “strong sell” rating to a “hold” rating in a research report on Friday, January 23rd. One research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and eleven have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $120.50.

PPG Industries Stock Up 0.1%

Shares of PPG opened at $103.31 on Thursday. The company has a debt-to-equity ratio of 0.82, a current ratio of 1.62 and a quick ratio of 1.22. The stock has a market capitalization of $23.12 billion, a price-to-earnings ratio of 14.89, a price-to-earnings-growth ratio of 1.56 and a beta of 1.16. PPG Industries has a 1 year low of $90.24 and a 1 year high of $133.43. The business’s 50 day simple moving average is $114.71 and its 200-day simple moving average is $106.78.

PPG Industries (NYSE:PPG) last posted its earnings results on Tuesday, January 27th. The specialty chemicals company reported $1.51 earnings per share for the quarter, missing analysts’ consensus estimates of $1.57 by ($0.06). The business had revenue of $3.91 billion during the quarter, compared to analysts’ expectations of $3.77 billion. PPG Industries had a net margin of 9.93% and a return on equity of 22.30%. The company’s revenue for the quarter was up 5.0% compared to the same quarter last year. During the same period last 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, equities analysts expect that PPG Industries will post 7.95 earnings per share for the current fiscal year.

Insider Buying and Selling

In other PPG Industries news, CFO Vincent J. Morales sold 78,095 shares of the company’s stock in a transaction on Friday, February 13th. The stock was sold at an average price of $131.00, for a total value of $10,230,445.00. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, VP Anne M. Foulkes sold 3,594 shares of the stock in a transaction on Friday, February 20th. The stock was sold at an average price of $124.61, for a total value of $447,848.34. Following the completion of the sale, the vice president owned 15,641 shares in the company, 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. In the last three months, insiders sold 118,811 shares of company stock valued at $15,219,371. Insiders own 0.33% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the stock. Steigerwald Gordon & Koch Inc. purchased a new position in shares of PPG Industries during the third quarter worth approximately $26,000. Dorato Capital Management purchased a new stake in shares of PPG Industries in the fourth quarter valued at approximately $26,000. Resources Management Corp CT ADV boosted its holdings in shares of PPG Industries by 900.0% in the fourth quarter. Resources Management Corp CT ADV now owns 250 shares of the specialty chemicals company’s stock valued at $26,000 after purchasing an additional 225 shares during the period. Quarry LP bought a new position in PPG Industries in the third quarter worth approximately $26,000. Finally, Root Financial Partners LLC bought a new position in PPG Industries in the third quarter worth approximately $30,000. Hedge funds and other institutional investors 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.