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

PPG Industries (NYSE:PPG) had its price target reduced by stock analysts at UBS Group from $122.00 to $110.00 in a research note issued to investors on Thursday,Benzinga reports. The firm presently has a “neutral” rating on the specialty chemicals company’s stock. UBS Group’s price target suggests a potential upside of 5.86% from the company’s current price.

A number of other equities research analysts have also issued reports on PPG. Citigroup reaffirmed a “neutral” rating and set a $113.00 target price (down from $132.00) on shares of PPG Industries in a report on Wednesday. Wells Fargo & Company boosted their price target on shares of PPG Industries from $130.00 to $135.00 and gave the stock an “overweight” rating in a research report on Thursday, January 29th. Jefferies Financial Group dropped their price objective on shares of PPG Industries from $125.00 to $116.00 and set a “hold” rating for the company in a research note on Thursday, March 26th. Bank of America decreased their target price on shares of PPG Industries from $118.00 to $116.00 and set a “neutral” rating on the stock in a research note on Thursday, January 8th. Finally, Mizuho lowered their target price on PPG Industries from $140.00 to $115.00 and set an “outperform” rating on the stock in a report on Monday, March 23rd. One 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 stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $120.50.

PPG Industries Price Performance

Shares of NYSE PPG traded down $2.56 during trading on Thursday, hitting $103.91. The company had a trading volume of 998,783 shares, compared to its average volume of 2,262,227. The firm has a market capitalization of $23.25 billion, a price-to-earnings ratio of 14.97, a price-to-earnings-growth ratio of 1.61 and a beta of 1.15. The stock has a fifty day simple moving average of $115.10 and a two-hundred day simple moving average of $106.85. The company has a quick ratio of 1.22, a current ratio of 1.62 and a debt-to-equity ratio of 0.82. PPG Industries has a fifty-two week low of $90.24 and a fifty-two week high of $133.43.

PPG Industries (NYSE:PPG) last released its earnings results on Tuesday, January 27th. The specialty chemicals company reported $1.51 earnings per share for the quarter, missing the consensus estimate of $1.57 by ($0.06). PPG Industries had a net margin of 9.93% and a return on equity of 22.30%. The firm had revenue of $3.91 billion during the quarter, compared to analysts’ expectations of $3.77 billion. During the same quarter last year, the business earned $1.61 EPS. The business’s revenue was up 5.0% compared to the same quarter last year. PPG Industries has set its FY 2026 guidance at 7.700-8.100 EPS. On average, research analysts expect that PPG Industries will post 7.95 earnings per share for the current year.

Insider Buying and Selling at PPG Industries

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 transaction of $10,230,445.00. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, VP Anne M. Foulkes sold 3,594 shares of the firm’s 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 transaction, the vice president owned 15,641 shares of the company’s stock, valued at approximately $1,949,025.01. This represents a 18.68% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 118,811 shares of company stock valued at $15,219,371 over the last quarter. 0.33% of the stock is owned by company insiders.

Institutional Trading of PPG Industries

Institutional investors and hedge funds have recently bought and sold shares of the business. Pzena Investment Management LLC boosted its stake in shares of PPG Industries by 306.2% in the fourth quarter. Pzena Investment Management LLC now owns 7,098,767 shares of the specialty chemicals company’s stock valued at $727,340,000 after purchasing an additional 5,351,103 shares during the period. Wellington Management Group LLP increased its stake in PPG Industries by 19.9% during the 3rd quarter. Wellington Management Group LLP now owns 15,159,770 shares of the specialty chemicals company’s stock worth $1,593,443,000 after buying an additional 2,521,004 shares during the period. Franklin Resources Inc. lifted its holdings in PPG Industries by 48.9% during the 4th quarter. Franklin Resources Inc. now owns 6,990,595 shares of the specialty chemicals company’s stock worth $716,256,000 after buying an additional 2,295,118 shares in the last quarter. Norges Bank purchased a new position in PPG Industries in the 4th quarter valued at approximately $209,355,000. Finally, Holocene Advisors LP grew its stake in shares of PPG Industries by 342.8% in the second quarter. Holocene Advisors LP now owns 1,688,870 shares of the specialty chemicals company’s stock worth $192,109,000 after acquiring an additional 1,307,468 shares in the last quarter. 81.86% of the stock is currently owned by hedge funds and other 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.