PPG Industries (PPG) Stock Forecast & Price Target

$123.58 +0.23 (+0.19%)

(As of 01:16 PM 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
21.32% 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 21.32% from the current price of $123.58.

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PPG Analyst Ratings Over Time

Type	Current Forecast 11/28/23 to 11/27/24	1 Month Ago 10/29/23 to 10/28/24	3 Months Ago 8/30/23 to 8/29/24	1 Year Ago 11/28/22 to 11/28/23
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)	11 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	$149.93	$151.08	$155.44
Forecasted Upside	21.32% Upside	17.69% Upside	17.26% Upside	12.57% 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	Moderate Buy
Predicted Upside	21.53% Upside	128.58% Upside	6.73% Upside
News Sentiment Rating	Positive News See Recent PPG News	Positive 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. 3 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%
Get the Latest News and Ratings for PPG and Related Stocks Enter your email address below to receive the latest news and analysts' ratings for PPG Industries and its competitors with MarketBeat's FREE daily newsletter.
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 01:39 PM 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 Monday, November 25, 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.:

Recent increase in institutional investment, with Victory Capital Management Inc. boosting its position by 13.9%, indicating strong confidence in the company's future performance.
Current stock price of $122.88, which is near its 1-year low of $118.07, suggesting potential for price appreciation as the market stabilizes.
PPG Industries, Inc. has a solid market capitalization of $29.23 billion, reflecting its strong position in the specialty chemicals sector.
Institutional investors and hedge funds own 81.86% of the company's stock, which often indicates stability and confidence from large financial entities.
Recent trading activity shows a healthy volume of shares exchanged, with 595,443 shares traded recently, suggesting active interest from the market.

PPG Industries
Bear Case

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

Recent insider selling activity, with VP Anne M. Foulkes selling 1,985 shares, which could signal a lack of confidence in the stock's short-term performance.
PPG Industries, Inc. has a debt-to-equity ratio of 0.77, which, while manageable, indicates that the company is using a significant amount of debt to finance its operations, potentially increasing financial risk.
The stock has experienced fluctuations, with a 1-year high of $151.16, suggesting volatility that could deter risk-averse investors.
National Pension Service recently trimmed its holdings by 4.3%, which may reflect a cautious outlook on the company's future growth prospects.
Despite a strong institutional presence, the company's insider ownership is only 0.55%, which may indicate a lack of alignment between management and shareholder interests.

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 21.32% 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 2.76. Learn more on how PPG compares to other companies.

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This page (NYSE:PPG) was last updated on 11/27/2024 by MarketBeat.com Staff

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PPG Industries (PPG) Stock Forecast & Price Target