RBC Capital analyst Arun Viswanathan maintained a Hold rating on PPG Industries (PPG – Research Report) on April 19 and set a price target of $141.00. The company’s shares closed last Friday at $130.90.
According to TipRanks, Viswanathan is a 4-star analyst with an average return of 3.8% and a 55.49% success rate. Viswanathan covers the Basic Materials sector, focusing on stocks such as Corteva, FMC, and PPG Industries.
Currently, the analyst consensus on PPG Industries is a Moderate Buy with an average price target of $159.00, which is a 21.47% upside from current levels. In a report released today, Barclays also maintained a Hold rating on the stock with a $148.00 price target.
Based on PPG Industries’ latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of $4.31 billion and a net profit of $400 million. In comparison, last year the company earned a revenue of $4.38 billion and had a net profit of $264 million
Based on the recent corporate insider activity of 31 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of PPG in relation to earlier this year.
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PPG Industries (PPG) Company Description:
Pennsylvania-based PPG Industries, Inc. manufactures and distributes paints, coatings, and specialty materials. It operates through two segments: Performance Coatings and Industrial Coatings.
