Do Wall Street Analysts Like PPG Industries Stock?
Pittsburgh, Pennsylvania-based PPG Industries, Inc. (PPG) manufactures and distributes paints, coatings, and specialty materials in the United States and internationally. With a market cap of $25.9 billion, the company operates through Global Architectural Coatings, Performance Coatings, and Industrial Coatings segments.
PPG has lagged behind the broader market over the past year and in 2025. PPG’s stock prices have declined 15% over the past 52 weeks and 4.3% on a YTD basis, compared to the S&P 500 Index’s ($SPX) 12.5% gains over the past year and a 1.4% uptick in 2025.
Narrowing the focus, PPG has also underperformed the sector-focused Materials Select Sector SPDR Fund’s (XLB) 5.3% decline over the past 52 weeks and its 3.7% uptick on a YTD basis.
PPG shares gained 4.9% in the trading session after the release of its better-than-expected Q1 earnings on Apr. 29. The company’s net sales decreased 4% year-over-year to $3.7 billion, mainly driven by unfavorable foreign currency translation of 3% and business divestitures of 2%. However, despite the drop, the company’s net sales successfully surpassed the analyst estimates. Moreover, its organic sales also increased by 1% from the prior year’s quarter, driven by higher sales volumes. Meanwhile, the company’s adjusted net income fell 11% from its year-ago value to $396 million, and its adjusted EPS dropped 8% year-over-year to $1.72, but surpassed the Street's expectations by 6.2%.
For the current fiscal year, ending in December, analysts expect PPG to report a marginal year-over-year increase in adjusted EPS to $7.92. The company has a mixed earnings surprise history. It has surpassed the Street’s bottom-line estimates twice over the past four quarters, while missing on two occasions.
PPG has a consensus “Moderate Buy” rating overall. Of the 24 analysts covering the stock, opinions include eight “Strong Buys” and 16 “Holds.”
The configuration is slightly more bullish than a month ago, when seven analysts gave “Strong Buy” recommendations.
On May 12, Deutsche Bank (DB) analyst David Begleiter maintained a "Buy" rating on PPG stock and raised the price target from $125 to $140.
PPG’s mean price target of $126.30 indicates a premium of 10.5% from the current market prices. While the Street-high target of $154 suggests a robust 34.8% upside potential.
On the date of publication, Aditya Sarawgi did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. For more information please view the Barchart Disclosure Policy here.
