PPG Industries (PPG) Stock Forecast & Price Target

$126.60

-2.22 (-1.72%)

(As of 10/22/2024 ET)

PPG Industries - Analysts' Recommendations and Stock Price Forecast (2024)

MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0 to .5 = Strong Sell, .5 to 1 = Sell, 1 to 1.5 = Reduce, 1.5 to 2.5 = Hold, 2.5 to 3.0 = Moderate Buy, 3.0 to 3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.

Consensus Rating

Moderate Buy

Based on 17 Analyst Ratings

Sell
0

Hold
6

Buy
11

Based on 17 Wall Street analysts who have issued ratings for PPG Industries in the last 12 months, the stock has a consensus rating of "Moderate Buy." Out of the 17 analysts, 6 have given a hold rating, and 11 have given a buy rating for PPG.

Consensus Price Target

$149.93
18.43% Upside

According to the 17 analysts' twelve-month price targets for PPG Industries, the average price target is $149.93. The highest price target for PPG is $163.00, while the lowest price target for PPG is $136.00. The average price target represents a forecasted upside of 18.43% from the current price of $126.60.

PPG Analyst Ratings Over Time

Type	Current Forecast 10/24/23 to 10/23/24	1 Month Ago 9/24/23 to 9/23/24	3 Months Ago 7/26/23 to 7/25/24	1 Year Ago 10/24/22 to 10/24/23
Strong Buy	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)
Buy	11 Buy rating(s)	9 Buy rating(s)	9 Buy rating(s)	8 Buy rating(s)
Hold	6 Hold rating(s)	6 Hold rating(s)	6 Hold rating(s)	5 Hold rating(s)
Sell	0 Sell rating(s)	0 Sell rating(s)	0 Sell rating(s)	1 Sell rating(s)
Consensus Price Target	$149.93	$151.08	$151.08	$155.44
Forecasted Upside	18.43% Upside	18.68% Upside	19.95% Upside	26.53% Upside
Consensus Rating	Moderate Buy	Moderate Buy	Moderate Buy	Moderate Buy

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PPG Analyst Recommendations By Month

The chart below shows how a company's ratings by analysts have changed over time. Each bar represents the previous year of ratings for that month. Within each bar, the sell ratings are shown in red, the hold ratings are shown in yellow, the buy ratings are shown in green, and the strong buy ratings are shown in dark green.

PPG Price Targets by Month

The chart below shows how a company's share price and consensus price target have changed over time. The dark blue line represents the company's actual price. The lighter blue line represents the stock's consensus price target. The even lighter blue range in the background of the two lines represents the low price target and the high price target for each stock.

PPG Industries Stock vs. The Competition

Type	PPG Industries	Basic Materials Companies	S&P 500
Consensus Rating Score	2.65	2.75	2.50
Consensus Rating	Moderate Buy	Moderate Buy	Hold
Predicted Upside	18.43% Upside	109.97% Upside	7.90% Upside
News Sentiment Rating	Neutral News See Recent PPG News	Neutral News	Positive News

Recent Analyst Forecasts and Stock Ratings

Rating

Upside/Downside

Action

Time Frame

Start Date

End Date

Show

Export to Excel

Date	Brokerage	Analyst Name	Action	Rating	Price Target	Upside/Downside on Report Date
10/22/2024	Royal Bank of Canada 4 of 5 stars		Lower Target	Sector Perform ➝ Sector Perform	$138.00 ➝ $136.00	+6.44%
10/21/2024	BMO Capital Markets 4 of 5 stars		Reiterated Rating	Outperform ➝ Outperform	$160.00 ➝ $155.00	+18.52%
10/18/2024	JPMorgan Chase & Co. 2 of 5 stars		Lower Target	Overweight ➝ Overweight	$155.00 ➝ $145.00	+10.50%
10/17/2024	Mizuho Subscribe to MarketBeat All Access for the recommendation accuracy rating	John Roberts Subscribe to MarketBeat All Access for the recommendation accuracy rating	Lower Target	Outperform ➝ Outperform	$160.00 ➝ $150.00	+16.11%
7/22/2024	Bank of America Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Buy ➝ Buy	$152.00 ➝ $150.00	+17.65%
7/22/2024	KeyCorp Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Overweight ➝ Overweight	$162.00 ➝ $153.00	+20.00%
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7/22/2024	Citigroup Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Buy ➝ Buy	$145.00 ➝ $144.00	+12.46%
7/22/2024	Barclays Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Equal Weight ➝ Equal Weight	$148.00 ➝ $144.00	+12.46%
7/19/2024	UBS Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Neutral ➝ Neutral	$140.00 ➝ $142.00	+10.90%
4/22/2024	Seaport Res Ptn Subscribe to MarketBeat All Access for the recommendation accuracy rating	M. Harrison Subscribe to MarketBeat All Access for the recommendation accuracy rating	Upgrade	Neutral ➝ Buy
4/22/2024	Deutsche Bank Aktiengesellschaft Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Buy ➝ Buy	$160.00 ➝ $155.00	+18.41%
4/22/2024	Evercore ISI Subscribe to MarketBeat All Access for the recommendation accuracy rating		Downgrade	Outperform ➝ In-Line	$152.00	+16.12%
4/11/2024	Wells Fargo & Company Subscribe to MarketBeat All Access for the recommendation accuracy rating		Upgrade	Equal Weight ➝ Overweight	$150.00 ➝ $163.00	+18.35%
3/1/2024	Wolfe Research Subscribe to MarketBeat All Access for the recommendation accuracy rating		Initiated Coverage	Peer Perform
2/1/2024	Redburn Atlantic Subscribe to MarketBeat All Access for the recommendation accuracy rating		Downgrade	Buy ➝ Neutral	$160.00	+13.44%
1/19/2024	Robert W. Baird Subscribe to MarketBeat All Access for the recommendation accuracy rating		Reiterated Rating	Outperform ➝ Outperform	$150.00	+5.87%
1/3/2024	Vertical Research Subscribe to MarketBeat All Access for the recommendation accuracy rating		Upgrade	Hold ➝ Buy
7/24/2023	Morgan Stanley Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Equal Weight	$143.00 ➝ $155.00	+3.37%
7/21/2023	Credit Suisse Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Underperform	$133.00 ➝ $140.00	-6.49%
1/23/2023	Argus Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target		$144.00 ➝ $149.00	+14.39%
1/23/2023	BNP Paribas Subscribe to MarketBeat All Access for the recommendation accuracy rating		Downgrade	Outperform ➝ Neutral	$130.00	+0.01%

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Wednesday at 05:38 AM ET.

Should I Buy PPG Industries Stock? PPG Pros and Cons Explained

These pros and cons were generated based on recent news and financial data from MarketBeat in order to provide readers with the fastest and most accurate insights. They were last updated on Wednesday, October 16, 2024. Please send any questions or comments about these PPG Industries pros and cons to contact@marketbeat.com.

PPG Industries
Bull Case

Here are some ways that investors could benefit from investing in PPG Industries, Inc.:

PPG Industries, Inc. has a consistent track record of increasing dividends, with the latest quarterly dividend being $0.68, representing a dividend yield of 2.15%. This can be attractive to income-seeking investors.
PPG Industries, Inc. has a relatively low debt-to-equity ratio of 0.73, indicating a strong financial position and lower risk compared to companies with higher debt levels.
Analysts have given PPG Industries, Inc. a "Moderate Buy" rating with an average target price of $151.08, suggesting potential upside in the stock price based on market expectations.
PPG Industries, Inc. reported a positive EPS of $2.50 for the latest quarter, beating analyst estimates. This demonstrates the company's ability to generate earnings above expectations.
With a current stock price of $126.50, PPG Industries, Inc. is trading below its fifty-two week high of $151.16, potentially offering a buying opportunity for investors looking for value.

PPG Industries
Bear Case

Investors should be bearish about investing in PPG Industries, Inc. for these reasons:

PPG Industries, Inc. experienced a 2.1% decline in trading, indicating short-term negative market sentiment towards the stock.
The company's revenue for the latest quarter was down 1.6% year-over-year, which may raise concerns about its ability to drive top-line growth in a competitive market environment.
PPG Industries, Inc. has a beta of 1.26, indicating higher volatility compared to the market average. This may lead to increased price fluctuations, potentially impacting investor returns.
Some analysts have revised down their price targets for PPG Industries, Inc., suggesting a cautious outlook on the stock's future performance despite the overall positive sentiment from other analysts.
While PPG Industries, Inc. has a solid dividend payout ratio of 45.95%, investors should consider the sustainability of dividend payments in relation to the company's earnings growth and cash flow generation.

PPG Forecast - Frequently Asked Questions

: According to the research reports of 17 Wall Street equities research analysts, the average twelve-month stock price forecast for PPG Industries is $149.93, with a high forecast of $163.00 and a low forecast of $136.00.
: 17 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for PPG Industries in the last twelve months. There are currently 6 hold ratings and 11 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "moderate buy" PPG shares.
: According to analysts, PPG Industries's stock has a predicted upside of 18.43% based on their 12-month stock forecasts.
: PPG Industries has been rated by research analysts at BMO Capital Markets, JPMorgan Chase & Co., Mizuho, and Royal Bank of Canada in the past 90 days.
: Analysts like PPG Industries less than other "basic materials" companies. The consensus rating score for PPG Industries is 2.65 while the average consensus rating score for "basic materials" companies is 2.75. Learn more on how PPG compares to other companies.

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This page (NYSE:PPG) was last updated on 10/23/2024 by MarketBeat.com Staff

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PPG Industries (PPG) Stock Forecast & Price Target