JPMorgan Chase & Co. Lowers PPG Industries (NYSE:PPG) Price Target to $125.00

PPG Industries (NYSE:PPG) had its target price lowered by investment analysts at JPMorgan Chase & Co. from $126.00 to $125.00 in a research note issued on Thursday,MarketScreener reports. JPMorgan Chase & Co.‘s price target would indicate a potential upside of 14.50% from the company’s previous close.

A number of other research analysts have also issued reports on PPG. Sanford C. Bernstein boosted their price target on shares of PPG Industries from $123.00 to $130.00 and gave the stock an “outperform” rating in a research note on Friday, January 30th. Weiss Ratings reiterated a “hold (c-)” rating on shares of PPG Industries in a research note on Wednesday, January 28th. BNP Paribas Exane boosted their price target on shares of PPG Industries from $115.00 to $116.00 in a research note on Thursday. Deutsche Bank Aktiengesellschaft boosted their price target on shares of PPG Industries from $120.00 to $130.00 in a research note on Friday, March 27th. Finally, Evercore upped their target price on shares of PPG Industries from $112.00 to $128.00 in a research report on Wednesday, February 18th. Six analysts have rated the stock with a Buy rating and eleven have given a Hold rating to the company’s stock. Based on data from MarketBeat, PPG Industries has a consensus rating of “Hold” and an average price target of $122.07.

PPG Industries Stock Performance

Shares of NYSE:PPG traded up $0.67 on Thursday, reaching $109.17. The company’s stock had a trading volume of 55,179 shares, compared to its average volume of 2,216,957. The stock’s 50-day moving average is $109.44 and its two-hundred day moving average is $107.41. PPG Industries has a 52-week low of $93.39 and a 52-week high of $133.43. The company has a debt-to-equity ratio of 0.82, a current ratio of 1.61 and a quick ratio of 1.22. The stock has a market capitalization of $24.43 billion, a P/E ratio of 15.56, a PEG ratio of 1.45 and a beta of 1.16.

PPG Industries (NYSE:PPG) last announced its earnings results on Tuesday, April 28th. The specialty chemicals company reported $1.83 EPS for the quarter, beating analysts’ consensus estimates of $1.78 by $0.05. PPG Industries had a net margin of 9.83% and a return on equity of 21.90%. The business had revenue of $3.93 billion during the quarter, compared to analysts’ expectations of $3.85 billion. During the same period in the prior year, the company earned $1.72 earnings per share. The business’s 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. As a group, sell-side analysts forecast that PPG Industries will post 7.94 EPS for the current year.

Insider Activity at PPG Industries

In related news, VP Anne M. Foulkes sold 3,594 shares of PPG Industries 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 completion of the transaction, the vice president directly owned 15,641 shares in the company, valued at $1,949,025.01. The trade was a 18.68% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CFO Vincent J. Morales sold 78,095 shares of PPG Industries stock in a transaction that occurred 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 disclosure for this sale is available in the SEC filing. Insiders have sold a total of 111,361 shares of company stock valued at $14,387,293 over the last 90 days. Insiders own 0.33% of the company’s stock.

Hedge Funds Weigh In On PPG Industries

Several institutional investors and hedge funds have recently modified their holdings of the company. CNB Bank lifted its position in PPG Industries by 1.8% in the fourth quarter. CNB Bank now owns 4,514 shares of the specialty chemicals company’s stock valued at $463,000 after purchasing an additional 80 shares during the last quarter. IFP Advisors Inc lifted its position in PPG Industries by 2.7% in the fourth quarter. IFP Advisors Inc now owns 3,302 shares of the specialty chemicals company’s stock valued at $338,000 after purchasing an additional 87 shares during the last quarter. Whittier Trust Co. lifted its position in PPG Industries by 1.4% in the fourth quarter. Whittier Trust Co. now owns 6,658 shares of the specialty chemicals company’s stock valued at $703,000 after purchasing an additional 89 shares during the last quarter. Insigneo Advisory Services LLC lifted its position in PPG Industries by 4.3% in the fourth quarter. Insigneo Advisory Services LLC now owns 2,234 shares of the specialty chemicals company’s stock valued at $229,000 after purchasing an additional 92 shares during the last quarter. Finally, OMERS ADMINISTRATION Corp lifted its position in PPG Industries by 1.1% in the fourth quarter. OMERS ADMINISTRATION Corp now owns 8,533 shares of the specialty chemicals company’s stock valued at $874,000 after purchasing an additional 92 shares during the last quarter. 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.