In a report released yesterday, Chris Parkinson from Credit Suisse maintained a Hold rating on PPG Industries (NYSE: PPG), with a price target of $115. The company’s shares closed yesterday at $96.15, close to its 52-week low of $94.37.
According to TipRanks.com, Parkinson is a 1-star analyst with an average return of -0.9% and a 52.2% success rate. Parkinson covers the Consumer Goods sector, focusing on stocks such as Air Products and Chemicals, Sherwin-Williams Company, and Ashland Inc.
PPG Industries has an analyst consensus of Moderate Buy, with a price target consensus of $112.83, representing a 17.3% upside. In a report issued on October 9, Vertical Research also downgraded the stock to Hold.
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PPG Industries’ market cap is currently $23.01B and has a P/E ratio of 16.61. The company has a Price to Book ratio of 4.76.
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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.
