In a report released yesterday, Chris Parkinson from Credit Suisse maintained a Hold rating on PPG Industries (PPG), with a price target of $103.00. The company’s shares closed last Tuesday at $92.16.
According to TipRanks.com, Parkinson is a 3-star analyst with an average return of 0.7% and a 56.6% success rate. Parkinson covers the Industrial Goods sector, focusing on stocks such as Compass Minerals International, Sherwin-Williams Company, and Axalta Coating Systems.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for PPG Industries with a $101.58 average price target.
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PPG Industries’ market cap is currently $22.65B and has a P/E ratio of 17.80. The company has a Price to Book ratio of -16.61.
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PPG Industries, Inc. engages in the manufacture and distribution of coatings, specialty materials, and glass products. It operates through Performance Coatings and Industrial Coatings segments. The Performance Coatings segment comprises of the refinish, aerospace, protective and marine, and architectural coatings businesses. The Industrial Coatings segment includes automotive OEM, industrial coatings, packaging coatings, and specialty coatings and materials businesses. The company was founded was founded by John B. Ford and John A. Pitcairn in 1883 and is headquartered in Pittsburgh, PA.