Credit Suisse analyst Chris Parkinson maintained a Hold rating on PPG Industries (PPG) on December 4 and set a price target of $115. The company’s shares closed on Tuesday at $106.73.
According to TipRanks.com, Parkinson is a 2-star analyst with an average return of -0.3% and a 53.9% success rate. Parkinson covers the Consumer Goods sector, focusing on stocks such as Compass Minerals International Inc, Sherwin-Williams Company, and Ashland Inc.
PPG Industries has an analyst consensus of Moderate Buy, with a price target consensus of $112.07, implying a 5.0% upside from current levels. In a report issued on November 30, Longbow Research also resumed coverage with a Hold rating on the stock.
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PPG Industries’ market cap is currently $25.6B and has a P/E ratio of 21.43. The company has a Price to Book ratio of 5.14.
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PPG Industries, Inc. engages in the manufacture and distribution of coatings, specialty materials, and glass products. It operates through the following business segments: Performance Coatings, Industrial Coatings, and Glass. The Performance Coatings segment comprises of the refinish, aerospace, protective and marine, and architectural coatings businesses.
