PPG Industries (NYSE:PPG) had its price target lifted by Deutsche Bank from $108.00 to $115.00 in a research note published on Friday morning, The Fly reports. The brokerage currently has a buy rating on the specialty chemicals company’s stock.

PPG has been the topic of a number of other reports. BMO Capital Markets lowered their price target on shares of PPG Industries from $100.00 to $98.00 and set a hold rating on the stock in a research report on Wednesday, April 29th. JPMorgan Chase & Co. raised their price target on shares of PPG Industries from $100.00 to $105.00 and gave the stock an overweight rating in a research report on Friday, May 22nd. Susquehanna Bancshares lowered their price target on shares of PPG Industries from $140.00 to $82.00 and set a neutral rating on the stock in a research report on Monday, April 6th. Berenberg Bank lowered shares of PPG Industries from a buy rating to a hold rating in a research report on Wednesday, March 25th. Finally, UBS Group raised their price target on shares of PPG Industries from $120.00 to $123.00 and gave the stock a buy rating in a research report on Friday, June 19th. Twelve research analysts have rated the stock with a hold rating and ten have given a buy rating to the company. PPG Industries currently has a consensus rating of Hold and a consensus target price of $110.60.

Shares of PPG opened at $103.94 on Friday. The firm has a market capitalization of $24.10 billion, a PE ratio of 21.13, a PEG ratio of 2.50 and a beta of 1.26. The company’s 50-day moving average is $100.33 and its 200-day moving average is $107.80. PPG Industries has a fifty-two week low of $69.77 and a fifty-two week high of $134.36. The company has a debt-to-equity ratio of 1.11, a current ratio of 1.36 and a quick ratio of 1.00.

PPG Industries (NYSE:PPG) last issued its quarterly earnings data on Monday, April 27th. The specialty chemicals company reported $1.19 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.17 by $0.02. The company had revenue of $3.38 billion for the quarter, compared to analyst estimates of $3.42 billion. PPG Industries had a net margin of 7.88% and a return on equity of 27.56%. The company’s revenue was down 6.8% on a year-over-year basis. During the same period in the prior year, the firm earned $1.38 earnings per share. Analysts predict that PPG Industries will post 4.3 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Friday, June 12th. Stockholders of record on Monday, May 11th were paid a $0.51 dividend. The ex-dividend date was Friday, May 8th. This represents a $2.04 dividend on an annualized basis and a dividend yield of 1.96%. PPG Industries’s payout ratio is currently 32.80%.

Several institutional investors and hedge funds have recently bought and sold shares of PPG. FMR LLC boosted its stake in shares of PPG Industries by 27.8% in the 1st quarter. FMR LLC now owns 169,739 shares of the specialty chemicals company’s stock valued at $19,158,000 after purchasing an additional 36,888 shares in the last quarter. Quadrant Capital Group LLC boosted its position in PPG Industries by 20.9% during the 4th quarter. Quadrant Capital Group LLC now owns 1,439 shares of the specialty chemicals company’s stock worth $183,000 after buying an additional 249 shares during the period. Victory Capital Management Inc. boosted its position in PPG Industries by 6.7% during the 4th quarter. Victory Capital Management Inc. now owns 141,743 shares of the specialty chemicals company’s stock worth $18,921,000 after buying an additional 8,879 shares during the period. Rockefeller Capital Management L.P. boosted its position in PPG Industries by 38.8% during the 4th quarter. Rockefeller Capital Management L.P. now owns 1,346 shares of the specialty chemicals company’s stock worth $179,000 after buying an additional 376 shares during the period. Finally, National Asset Management Inc. boosted its position in PPG Industries by 109.5% during the 4th quarter. National Asset Management Inc. now owns 4,322 shares of the specialty chemicals company’s stock worth $578,000 after buying an additional 2,259 shares during the period. Institutional investors own 76.91% of the company’s stock.

About PPG Industries

PPG Industries, Inc manufactures and distributes paints, coatings, and specialty materials in the United States and internationally. It operates through Performance Coatings and Industrial Coatings segments. The Performance Coatings segment provides coatings products for automotive and commercial transport/fleet repair and refurbishing; light industrial and specialty coatings for signs; coatings, sealants, and transparencies for commercial, military, regional jet and general aviation aircraft, and transparent armor; protective and marine coatings and finishes; architectural coatings; and purchased sundries to painting contractors and consumers, as well as chemical management services.

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The Fly

Analyst Recommendations for PPG Industries (NYSE:PPG)

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