After Truist Financial and BMO Capital gave PPG Industries (NYSE: PPG) a Buy rating last month, the company received another Buy, this time from Wells Fargo. Analyst Michael Sison maintained a Buy rating on PPG Industries yesterday. The company’s shares closed last Tuesday at $118.69.
According to TipRanks.com, Sison is a 5-star analyst with an average return of 13.4% and a 65.6% success rate. Sison covers the Industrial Goods sector, focusing on stocks such as Air Products and Chemicals, Axalta Coating Systems, and RPM International.
Currently, the analyst consensus on PPG Industries is a Moderate Buy with an average price target of $127.46, which is a 7.0% upside from current levels. In a report issued on August 12, Deutsche Bank also maintained a Buy rating on the stock with a $135.00 price target.
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PPG Industries’ market cap is currently $28.01B and has a P/E ratio of 28.20. The company has a Price to Book ratio of -20.17.
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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.
