In a report released yesterday, Chris Parkinson from Credit Suisse maintained a Hold rating on PPG Industries (PPG), with a price target of $111.00. The company’s shares closed last Friday at $115.21.
According to TipRanks.com, Parkinson is a 4-star analyst with an average return of 3.0% and a 61.2% success rate. Parkinson covers the Industrial Goods sector, focusing on stocks such as Sherwin-Williams Company, Axalta Coating Systems, and CF Industries.
Currently, the analyst consensus on PPG Industries is a Moderate Buy with an average price target of $114.45.
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PPG Industries’ market cap is currently $27.28B and has a P/E ratio of 23.50. The company has a Price to Book ratio of -18.97.
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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.
