16 stories mentioning PPGUpdated 6d ago
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PPG Industries (PPG) has an average rating of overweight and mean price target of $126.40, according to analysts polled by FactSet.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://finwires.com/en/contact)Price: $111.13, Change: $-0.70, Percent Change: -0.63%
PPG Industries (PPG) has an average rating of overweight and mean price target of $126.70, according to analysts polled by FactSet.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://finwires.com/en/contact)Price: $111.76, Change: $-7.25, Percent Change: -6.09%
PPG Industries (PPG) has an average rating of overweight and mean price target of $126.70, according to analysts polled by FactSet.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://finwires.com/en/contact)Price: $112.07, Change: $-6.95, Percent Change: -5.84%
US chemicals companies are likely to report quarterly results in line with expectations, with the Middle East conflict seen as a potential tailwind, Deutsche Bank said Wednesday.The June quarter "largely played out" as expected in terms of demand, pricing and costs, supported by positive pre-announcements by Dow (DOW) and BASF, according to Deutsche Bank.In June, Dow Chief Financial Officer Jeff Tate said the company expected to post second-quarter earnings of about $2.2 billion, "which is above current consensus and roughly 10% above our prior guidance," according to a FactSet transcript. "This is largely driven by continued resilience in polyethylene demand and pricing, as well as margin upside in industrial intermediates and infrastructure."The company is scheduled to report its full second-quarter results Thursday.Earlier this month, German chemicals producer BASF increased its full-year core earnings outlook, citing "better-than-expected business development.""With the macro remaining uncertain, energy prices elevated due to the on-again, off-again Middle East conflict and underlying demand subdued, management teams are likely to remain cautious in their outlooks and guidance," Deutsche Bank analyst David Begleiter said in a note to clients Wednesday.The conflict between the US and Iran and the subsequent shutdown of the Strait of Hormuz -- the world's most important chokepoint for crude flows -- has been a "positive, or at least not a negative" for US chemicals firms and the wider industry of US material, industrial gas, coatings and agricultural companies, Begleiter wrote.The conflict disrupted energy and chemical production and exports from the Persian Gulf, which houses about 15% of global chemical supply, according to Deutsche Bank. The war impacted another 15% of global chemical capacity, while high oil prices increased input costs for chemical producers in Asia, the brokerage said.In the current geopolitical environment, Deutsche Bank has a favorable view on companies such as Celanese (CE), Corteva (CTVA), Ecolab (ECL), Linde (LIN) and PPG Industries (PPG), where investor sentiment is in the wrong position, there are short-term catalysts and organic growth and the companies can maintain prices when raw material costs decline, according to the note.Price: $31.38, Change: $+0.91, Percent Change: +2.99%
PPG Industries (PPG) has an average rating of overweight and mean price target of $126.25, according to analysts polled by FactSet.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://finwires.com/en/contact)
PPG Industries Raises Quarterly Dividend by $0.03 to $0.74 a Share, Payable Sept. 11 to Shareholders of Record Aug. 10.
PPG Industries (PPG) faces limited risk to Aerospace growth prospects but soft macros could weigh on its other businesses, RBC Capital Markets said in a Tuesday note.The company forecast mid-to-high single digit growth for 2025 to 2028 Aerospace compound annual growth rate, the note said, following a deep dive event into its Aerospace business."We see minimal risk," the report said, pointing to its "robust" backlog of $315 million.But RBC analysts expect soft macros to remain headwinds for many of PPG's other businesses, including Arch EMEA, Auto OEM, Refinish, and Industrial.RBC kept its sector perform rating and $119 price target.Price: $114.89, Change: $-1.47, Percent Change: -1.26%
CFRA, an independent research provider, has providedwith the following research alert. Analysts at CFRA have summarized their opinion as follows:We decrease our 12-month target by $12 to $127, 15.1x our 2027 EPS estimate, equal to PPG's three-year average forward P/E. We trim our EPS estimates by $0.17 to $7.95 for 2026 and by $0.56 to $8.41 for 2027. PPG delivered its fifth consecutive quarter of organic sales growth, demonstrating improving commercial execution across its differentiated portfolio. The aerospace business remains a key growth driver with a $315M backlog and double-digit growth expected to continue given strong OEM and aftermarket demand. We view favorably PPG's ability to offset mid-single-digit COGS inflation through pricing actions faster than prior cycles, supported by its scale and distribution model. While refinish volumes face difficult 1H comps, claims data suggest market normalization is underway. Management reaffirmed 2026 EPS guidance of $7.70-$8.10 despite macro headwinds. We see value in PPG's balanced portfolio, ongoing share gains in auto OEM and packaging, and structural cost actions including European plant closures.
PPG Industries (PPG) has an average rating of overweight and mean price target of $123.45, according to analysts polled by FactSet.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://finwires.com/en/contact)Price: $108.14, Change: $-0.36, Percent Change: -0.33%
PPG Industries (PPG) has an average rating of overweight and mean price target of $123.65, according to analysts polled by FactSet.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://finwires.com/en/contact)Price: $107.49, Change: $+2.80, Percent Change: +2.67%
PPG Industries (PPG) has an average rating of overweight and mean price target of $123.65, according to analysts polled by FactSet.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://finwires.com/en/contact)Price: $107.48, Change: $+2.79, Percent Change: +2.67%
PPG Industries (PPG) has an average rating of overweight and mean price target of $123.65, according to analysts polled by FactSet.Price: $107.48, Change: $+2.79, Percent Change: +2.67%
PPG Industries (PPG) has an average rating of overweight and mean price target of $123.65, according to analysts polled by FactSet.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://finwires.com/en/contact)Price: $107.28, Change: $+2.59, Percent Change: +2.47%
PPG Industries (PPG) has an average rating of overweight and mean price target of $123.20, according to analysts polled by FactSet.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://finwires.com/en/contact)Price: $105.77, Change: $-1.91, Percent Change: -1.77%
CFRA, an independent research provider, has providedwith the following research alert. Analysts at CFRA have summarized their opinion as follows:PPG delivered solid Q1 2026 results with adjusted EPS of $1.83, up 6% Y/Y and beating consensus by $0.06, while sales rose 7% Y/Y to $3.93B though organic growth moderated to 1%. The company demonstrated resilient execution across its diversified portfolio, with aerospace delivering exceptional double-digit organic growth and maintaining a $315M order backlog, while Performance Coatings achieved 5% sales growth. Management maintained full-year 2026 EPS guidance of $7.70-$8.10 and announced global price increases to offset emerging raw material inflation, emphasizing improved pricing capabilities versus prior cycles. Architectural Coatings delivered strong margin expansion with EBITDA margin improving 230 bps Y/Y to 19.1% driven by pricing and cost control, while Industrial Coatings faced margin pressure declining 180 bps to 15.0% due to China auto weakness and regional mix effects. Packaging coatings achieved outstanding double-digit organic growth with margin expansion.
PPG Industries Keeps Quarterly Dividend at $0.71 per Share, Payable June 12 to Holders of Record May 11
