PPG Industries (NYSE:PPG) Given New $135.00 Price Target at Mizuho

PPG Industries (NYSE:PPG) had its price objective raised by research analysts at Mizuho from $125.00 to $135.00 in a research note issued to investors on Wednesday,Benzinga reports. The firm presently has an “outperform” rating on the specialty chemicals company’s stock. Mizuho’s price objective indicates a potential upside of 11.36% from the stock’s previous close.

Other equities analysts have also recently issued reports about the stock. BMO Capital Markets raised their price objective on shares of PPG Industries from $135.00 to $140.00 and gave the company an “outperform” rating in a research note on Monday, June 15th. The Goldman Sachs Group cut their price target on PPG Industries from $134.00 to $130.00 in a research note on Friday, May 1st. Weiss Ratings upgraded PPG Industries from a “hold (c-)” rating to a “hold (c)” rating in a research report on Wednesday, June 17th. Wells Fargo & Company decreased their price objective on PPG Industries from $135.00 to $130.00 and set an “overweight” rating for the company in a research note on Friday, April 10th. Finally, Deutsche Bank Aktiengesellschaft upped their price objective on PPG Industries from $120.00 to $130.00 in a report on Friday, March 27th. Six equities research analysts have rated the stock with a Buy rating and eleven have assigned a Hold rating to the company’s stock. According to MarketBeat, PPG Industries currently has a consensus rating of “Hold” and a consensus price target of $124.40.

PPG Industries Stock Performance

Shares of NYSE:PPG opened at $121.23 on Wednesday. The company has a current ratio of 1.61, a quick ratio of 1.17 and a debt-to-equity ratio of 0.78. PPG Industries has a 1-year low of $93.39 and a 1-year high of $133.43. The stock has a market capitalization of $27.02 billion, a P/E ratio of 17.29, a P/E/G ratio of 1.77 and a beta of 1.06. The business has a 50-day moving average price of $112.41 and a two-hundred day moving average price of $111.52.

PPG Industries (NYSE:PPG) last issued its earnings results on Tuesday, April 28th. The specialty chemicals company reported $1.83 earnings per share (EPS) for the quarter, beating 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 company had revenue of $3.93 billion for the quarter, compared to analyst estimates of $3.85 billion. During the same quarter last year, the firm earned $1.72 EPS. The company’s revenue for the quarter was up 6.7% on a year-over-year basis. PPG Industries has set its FY 2026 guidance at 7.700-8.100 EPS. Equities analysts predict that PPG Industries will post 7.92 earnings per share for the current year.

Institutional Investors Weigh In On PPG Industries

Several large investors have recently modified their holdings of PPG. Dorato Capital Management bought a new position in shares of PPG Industries during the 4th quarter valued at about $26,000. Resources Management Corp CT ADV raised its holdings in PPG Industries by 900.0% during the 4th quarter. Resources Management Corp CT ADV now owns 250 shares of the specialty chemicals company’s stock worth $26,000 after buying an additional 225 shares during the period. Quarry LP acquired a new stake in PPG Industries during the 3rd quarter worth approximately $26,000. Aster Capital Management DIFC Ltd bought a new position in PPG Industries in the fourth quarter valued at approximately $30,000. Finally, Essential Partners LLC lifted its stake in PPG Industries by 59.3% in the first quarter. Essential Partners LLC now owns 301 shares of the specialty chemicals company’s stock valued at $32,000 after buying an additional 112 shares in the last quarter. 81.86% of the stock is currently owned by institutional investors.

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.