In a report issued on July 21, Ghansham Panjabi from Robert W. Baird maintained a Buy rating on PPG Industries (PPG – Research Report), with a price target of $180.00. The company’s shares closed last Friday at $127.73.
According to TipRanks.com, Panjabi is a 5-star analyst with an average return of 7.4% and a 58.2% success rate. Panjabi covers the Basic Materials sector, focusing on stocks such as Sherwin-Williams Company, Axalta Coating Systems, and H.B. Fuller Company.
PPG Industries has an analyst consensus of Moderate Buy, with a price target consensus of $147.18, representing a 12.2% upside. In a report issued on July 7, RBC Capital also maintained a Buy rating on the stock with a $141.00 price target.
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PPG Industries’ market cap is currently $30.17B and has a P/E ratio of 28.00.
Based on the recent corporate insider activity of 24 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.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
Pennsylvania-based PPG Industries, Inc. manufactures and distributes paints, coatings, and specialty materials. It operates through two segments: Performance Coatings and Industrial Coatings.
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