Deutsche Bank Aktiengesellschaft Has Lowered Expectations for PPG Industries (NYSE:PPG) Stock Price

PPG Industries (NYSE:PPG - Get Free Report) had its target price lowered by investment analysts at Deutsche Bank Aktiengesellschaft from $150.00 to $145.00 in a report released on Thursday,Benzinga reports. The brokerage currently has a "buy" rating on the specialty chemicals company's stock. Deutsche Bank Aktiengesellschaft's price target suggests a potential upside of 21.32% from the stock's current price.

A number of other research analysts have also recently commented on the stock. Mizuho dropped their target price on shares of PPG Industries from $160.00 to $150.00 and set an "outperform" rating for the company in a report on Thursday, October 17th. StockNews.com upgraded shares of PPG Industries from a "buy" rating to a "strong-buy" rating in a research report on Thursday, December 12th. BMO Capital Markets reiterated an "outperform" rating and set a $155.00 price target (down from $160.00) on shares of PPG Industries in a report on Monday, October 21st. Citigroup lowered their target price on PPG Industries from $150.00 to $145.00 and set a "buy" rating for the company in a report on Wednesday. Finally, JPMorgan Chase & Co. dropped their target price on PPG Industries from $155.00 to $145.00 and set an "overweight" rating for the company in a research report on Friday, October 18th. Seven equities research analysts have rated the stock with a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $149.29.

PPG Industries Price Performance

Shares of NYSE:PPG traded down $1.73 during midday trading on Thursday, hitting $119.52. The stock had a trading volume of 3,493,530 shares, compared to its average volume of 1,630,682. The company has a quick ratio of 1.13, a current ratio of 1.58 and a debt-to-equity ratio of 0.77. The company has a market capitalization of $27.73 billion, a P/E ratio of 18.94, a price-to-earnings-growth ratio of 1.90 and a beta of 1.24. The company's 50-day moving average price is $125.30 and its 200-day moving average price is $126.37. PPG Industries has a fifty-two week low of $118.07 and a fifty-two week high of $150.82.

PPG Industries (NYSE:PPG - Get Free Report) last issued its earnings results on Wednesday, October 16th. The specialty chemicals company reported $2.13 earnings per share for the quarter, missing analysts' consensus estimates of $2.15 by ($0.02). PPG Industries had a net margin of 8.24% and a return on equity of 23.63%. The business had revenue of $4.58 billion during the quarter, compared to analyst estimates of $4.66 billion. During the same period in the prior year, the business posted $2.07 EPS. The company's revenue for the quarter was down 1.5% compared to the same quarter last year. As a group, equities research analysts predict that PPG Industries will post 8.18 EPS for the current fiscal year.

Insider Buying and Selling at PPG Industries

In other news, VP Anne M. Foulkes sold 1,985 shares of the company's stock in a transaction dated Thursday, October 31st. The shares were sold at an average price of $125.80, for a total transaction of $249,713.00. Following the transaction, the vice president now owns 13,454 shares in the company, valued at approximately $1,692,513.20. This represents a 12.86 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 0.56% of the company's stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Financial Connections Group Inc. bought a new position in shares of PPG Industries in the 2nd quarter worth $25,000. Pin Oak Investment Advisors Inc. lifted its stake in shares of PPG Industries by 465.1% in the third quarter. Pin Oak Investment Advisors Inc. now owns 243 shares of the specialty chemicals company's stock valued at $32,000 after buying an additional 200 shares in the last quarter. Capital Performance Advisors LLP acquired a new position in shares of PPG Industries during the third quarter valued at about $34,000. Rothschild Investment LLC bought a new stake in shares of PPG Industries during the second quarter worth about $37,000. Finally, Hara Capital LLC acquired a new stake in shares of PPG Industries in the 3rd quarter worth about $40,000. Institutional investors own 81.86% of the company's stock.

About PPG Industries

PPG Industries, Inc manufactures and distributes paints, coatings, and specialty materials in the United States, Canada, the Asia Pacific, Latin America, Europe, the Middle East, and Africa. It operates through two segments, Performance Coatings and Industrial Coatings. The 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; wood stains; paints, thermoplastics, pavement marking products, and other advanced technologies for pavement marking for government, commercial infrastructure, painting, and maintenance contractors; and coatings, sealants, transparencies, transparent armor, adhesives, engineered materials, and packaging and chemical management services for commercial, military, regional jet, and general aviation aircraft.