PPG Industries (PPG) Stock Forecast & Price Target

$128.04

-3.67 (-2.79%)

(As of 07/19/2024 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

Hold
Based on 17 Analyst Ratings

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 "Hold." Out of the 17 analysts, 1 has given a sell rating, 7 have given a hold rating, and 9 have given a buy rating for PPG.

Consensus Price Target

$154.93
21.00% Upside

High Forecast	$166.00
Average Forecast	$154.93
Low Forecast	$140.00

According to the 17 analysts' twelve-month price targets for PPG Industries, the average price target is $154.93. The highest price target for PPG is $166.00, while the lowest price target for PPG is $140.00. The average price target represents a forecasted upside of 21.00% from the current price of $128.04.

Type	Current Forecast 7/21/23 to 7/20/24	1 Month Ago 6/21/23 to 6/20/24	3 Months Ago 4/22/23 to 4/21/24	1 Year Ago 7/21/22 to 7/21/23
Consensus Rating	Hold	Hold	Hold	Hold
Strong Buy	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)
Buy	9 Buy rating(s)	9 Buy rating(s)	7 Buy rating(s)	9 Buy rating(s)
Hold	7 Hold rating(s)	7 Hold rating(s)	6 Hold rating(s)	7 Hold rating(s)
Sell	1 Sell rating(s)	1 Sell rating(s)	1 Sell rating(s)	1 Sell rating(s)
Consensus Price Target	$154.93	$155.47	$158.00	$153.53
Forecasted Upside	21.00% Upside	13.61% Upside	10.41% Upside	11.16% Upside

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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	2.47	2.63	2.51
Consensus Rating	Hold	Moderate Buy	Moderate Buy
Predicted Upside	21.00% Upside	386.47% Upside	10.02% Upside
News Sentiment Rating	Positive News	Positive News	Positive News

Recent Analyst Forecasts and Stock Ratings

Rating

Upside/Downside

Action

Time Frame

Start Date

End Date

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Export to Excel

Date	Brokerage	Analyst Name	Action	Rating	Price Target	Upside/Downside on Report Date
7/19/2024	UBS Group 4 of 5 stars		Boost Target	Neutral ➝ Neutral	$140.00 ➝ $142.00	+10.90%
4/23/2024	BMO Capital Markets 3 of 5 stars		Lower Target	Outperform ➝ Outperform	$168.00 ➝ $165.00	+26.48%
4/22/2024	Seaport Res Ptn 1 of 5 stars	M. Harrison Subscribe to MarketBeat All Access for the recommendation accuracy rating	Upgrade	Neutral ➝ Buy
4/22/2024	Royal Bank of Canada Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Sector Perform ➝ Sector Perform	$156.00 ➝ $141.00	+8.42%
4/22/2024	Barclays Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Equal Weight ➝ Equal Weight	$149.00 ➝ $148.00	+12.68%
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%
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4/22/2024	Bank of America Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Buy ➝ Buy	$167.00 ➝ $164.00	+25.29%
4/22/2024	KeyCorp Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Overweight ➝ Overweight	$164.00 ➝ $162.00	+23.76%
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%
4/10/2024	Citigroup Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Buy ➝ Buy	$170.00 ➝ $161.00	+16.34%
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%
7/20/2023	Mizuho Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target		$152.00 ➝ $166.00	+10.54%
4/24/2023	JPMorgan Chase & Co. Subscribe to MarketBeat All Access for the recommendation accuracy rating		Upgrade	Neutral ➝ Overweight	$130.00 ➝ $156.00	+9.87%
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%
10/13/2022	Northcoast Research Subscribe to MarketBeat All Access for the recommendation accuracy rating		Initiated Coverage	Neutral
10/13/2022	The Goldman Sachs Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Initiated Coverage	Buy	$145.00	+32.19%
9/6/2022	Redburn Partners Subscribe to MarketBeat All Access for the recommendation accuracy rating	Tony Jones Subscribe to MarketBeat All Access for the recommendation accuracy rating	Upgrade	Neutral ➝ Buy

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Saturday at 06:21 PM ET.

PPG Forecast - Frequently Asked Questions

What is PPG Industries' forecast for 2024?: According to the research reports of 17 Wall Street equities research analysts, the average twelve-month stock price forecast for PPG Industries is $154.93, with a high forecast of $166.00 and a low forecast of $140.00.
Should I buy or sell PPG Industries stock right now?: 17 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for PPG Industries in the last year. There is currently 1 sell rating, 7 hold ratings and 9 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "hold" PPG shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in PPG, but not buy additional shares or sell existing shares.
Does PPG Industries's stock price have much upside?: According to analysts, PPG Industries's stock has a predicted upside of 13.63% based on their 12-month stock forecasts.
Has PPG Industries been upgraded or downgraded by Wall Street analysts recently?: Over the previous 90 days, PPG Industries's stock had 1 upgrade and 1 downgrade by analysts.
What analysts cover PPG Industries?: PPG Industries has been rated by research analysts at Bank of America, Barclays, BMO Capital Markets, Deutsche Bank Aktiengesellschaft, Evercore ISI, KeyCorp, Royal Bank of Canada, Seaport Res Ptn, and UBS Group in the past 90 days.
Do Wall Street analysts like PPG Industries more than its competitors?: Analysts like PPG Industries less than other "basic materials" companies. The consensus rating for PPG Industries is Hold while the average consensus rating for "basic materials" companies is Moderate Buy. Learn more on how PPG compares to other companies.