<div id="readability-page-1"><p><span>PPG Industries (NYSE:PPG - Get Free Report)</span> had its target price lifted by analysts at Citigroup  from $116.00 to $120.00 in a report released on Thursday,Benzinga reports. The firm presently has a &#34;buy&#34; rating on the specialty chemicals company's stock. Citigroup's price objective suggests a potential upside of 15.88% from the company's previous close.</p><div><p><span></span><span>Get <strong>PPG Industries</strong> alerts:</span></p></div><ul><li>Sherwin-William’s Win Over PPG Stock in The Construction Boom</li></ul><p>A number of other brokerages have also commented on PPG. Berenberg Bank lowered their price objective on PPG Industries from $131.00 to $110.00 and set a &#34;hold&#34; rating for the company in a research report on Thursday, December 4th. Sanford C. Bernstein lowered their price target on shares of PPG Industries from $129.00 to $123.00 and set an &#34;outperform&#34; rating for the company in a research report on Monday, November 24th. Zacks Research lowered shares of PPG Industries from a &#34;hold&#34; rating to a &#34;strong sell&#34; rating in a report on Monday, November 10th. Bank of America reduced their price target on PPG Industries from $131.00 to $129.00 and set a &#34;neutral&#34; rating on the stock in a research report on Tuesday, October 14th. Finally, UBS Group dropped their price objective on PPG Industries from $115.00 to $110.00 and set a &#34;neutral&#34; rating for the company in a report on Thursday, October 30th. One equities research analyst  has rated the stock with a Strong Buy rating, seven have issued  a Buy rating, nine have given a Hold rating and one  has issued  a Sell rating to the stock. According to data from MarketBeat.com, PPG Industries presently has a consensus rating of &#34;Hold&#34; and an average price target of $122.54.</p><p><b>View Our Latest Stock Analysis on PPG</b></p><h2>PPG Industries Price Performance</h2><ul><li>The 4 most upgraded stocks in the first week of 2024</li></ul><p>PPG traded down $0.16 during trading on Thursday, hitting $103.56. The company's stock had a trading volume of 723,743 shares, compared to its average volume of 2,002,173. The firm's 50 day moving average price is $99.57 and its two-hundred day moving average price is $106.87. The company has a quick ratio of 1.08, a current ratio of 1.47 and a debt-to-equity ratio of 0.74. The stock has a market capitalization of $23.24 billion, a price-to-earnings ratio of 23.55, a price-to-earnings-growth ratio of 2.85 and a beta of 1.16. PPG Industries has a 12 month low of $90.24 and a 12 month high of $124.74. </p><p>PPG Industries (NYSE:PPG - Get Free Report) last announced its earnings results on Tuesday, October 28th. The specialty chemicals company reported $2.13 earnings per share for the quarter, topping analysts' consensus estimates of $2.09 by $0.04. PPG Industries had a net margin of 6.35% and a return on equity of 23.61%. The company had revenue of $4.08 billion during the quarter, compared to the consensus estimate of $4.06 billion. During the same period in the previous year, the firm posted $2.13 earnings per share. The company's revenue was up 1.2% on a year-over-year basis. PPG Industries has set its FY 2025 guidance at 7.600-7.700 EPS.  Sell-side analysts forecast that  PPG Industries will post 7.95 earnings per share for the current fiscal year. </p><h2>Institutional Trading of PPG Industries</h2><ul><li>PPG Industries Diversified Model Pays Off For Investors</li></ul><p>Several hedge funds and other institutional investors have recently modified their holdings of the company. Avior Wealth Management LLC increased its position in  PPG Industries by 8,828.7% during the 2nd quarter. Avior Wealth Management LLC now owns 8,393 shares of the specialty chemicals company's stock worth $955,000 after buying an additional 8,299 shares during the period.  Walnut Level Capital LLC grew its position in shares of  PPG Industries by 46.8% during the 2nd quarter. Walnut Level Capital LLC now owns 62,754 shares of the specialty chemicals company's stock worth $7,138,000 after purchasing an additional 20,000 shares in the last quarter.  Jump Financial LLC grew its position in  PPG Industries by 1,478.5% during the first quarter. Jump Financial LLC now owns 88,587 shares of the specialty chemicals company's stock worth $9,687,000 after buying an additional 82,975 shares in the last quarter.  Dynamic Technology Lab Private Ltd acquired a new position in  PPG Industries in the 1st quarter valued at $884,000.  Finally, Mather Group LLC. lifted its position in shares of  PPG Industries by 2.9% during the 2nd quarter. Mather Group LLC. now owns 125,616 shares of the specialty chemicals company's stock valued at $14,289,000 after acquiring an additional 3,551 shares during the period. Institutional investors and hedge funds own  81.86% of the company's stock. </p><h2>PPG Industries Company Profile</h2> (Get Free Report)<p>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.</p><h2>Further Reading</h2><ul><li>Five stocks we like better than PPG Industries</li><li>Growth Stocks: What They Are, Examples and How to Invest</li><li>MongoDB Could Hit Record Highs—But You’ll Need to Move Fast</li><li>What is a Special Dividend?</li><li>Dollar General's Turnaround Could Send the Stock Higher in 2026</li><li>How to Invest in Tech Stocks and Top Tech Stocks to Consider</li><li>Don’t Bet Against AppLovin: The Case Against the Shorts</li></ul><p><img src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/scripts/RatingsAndPriceTargetChart.ashx/query-UHJlZml4PU5ZU0UmU3ltYm9sPVBQRw?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" width="650" height="330" original-src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/scripts/RatingsAndPriceTargetChart.ashx/query-UHJlZml4PU5ZU0UmU3ltYm9sPVBQRw"/></p><p><em>This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.</em></p><h2>Should You Invest $1,000 in PPG Industries Right Now?</h2><p>Before you consider PPG Industries, you'll want to hear this.</p><p>MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and PPG Industries wasn't on the list.</p><p>While PPG Industries currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.</p><p>View The Five Stocks Here</p>                  </div>

<p>Citigroup raised its price target for PPG Industries from $116 to $120, maintaining a "buy" rating, suggesting a 15.88% potential upside. Other analysts have mixed ratings, with some lowering their targets. PPG's stock is currently trading at $103.56, with a market cap of $23.24 billion. The company reported $2.13 EPS for the last quarter, slightly above estimates, and has set FY 2025 guidance at 7.600-7.700 EPS. Institutional investors hold 81.86% of the stock.</p>

PPG Industries (NYSE:PPG) Stock Price Expected to Rise, Citigroup Analyst Says