In a report issued on July 10, Arun Viswanathan from RBC Capital reiterated a Hold rating on PPG Industries (NYSE: PPG), with a price target of $114. The company’s shares closed yesterday at $103.99.
According to TipRanks.com, Viswanathan is a 4-star analyst with an average return of 10.7% and a 61.8% success rate. Viswanathan covers the Consumer Goods sector, focusing on stocks such as Sherwin-Williams Company, Westlake Chemical Corp, and Axalta Coating Systems.
PPG Industries has an analyst consensus of Moderate Buy, with a price target consensus of $117.
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PPG Industries’ market cap is currently $25.32B and has a P/E ratio of 16.73. The company has a Price to Book ratio of 4.74.
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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.
