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Wall Street’s Views and Recommendations for PPG Industries

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Dec. 4 2020, Updated 10:53 a.m. ET

Analysts’ consensus

The number of analysts covering PPG Industries (PPG) has risen from 21 to 22. About 55.0% of them have recommended a “buy” for the stock, and 45.0% have recommended a “hold.” None of them have recommended a “sell” for the stock.

Analysts’ consensus indicates that PPG Industries’ 12-month target price is expected to be $115.43, which implies a potential return of 11.3% over the closing price of $103.72 as of August 25, 2017.

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Why analysts are recommending a ‘buy’ or ‘hold’

Although PPG’s 2Q17 revenue didn’t meet expectations, PPG has committed to spending approximately $3.5 billion in the next couple of years on acquisitions and share repurchases. After a failed bid to acquire Akzo Nobel, PPG acquired The Crown Group in 2Q17. All these factors will drive PPG’s revenue and earnings. As a result, analysts are recommending a “buy” or a “hold” for the stock.

Recommendations of individual brokerage firms

  • Suntrust Robinson has rated PPG Industries a “hold” with a target price of $113, which implies a potential return of 8.9% from the closing price of $103.72 on August 25, 2017.
  • Deutsche Bank (DB) rated PPG a “hold” and recommended a target price of $115 for the stock, implying a potential return of 10.9% over its closing price of $103.72 on August 25, 2017.
  •  Credit Suisse (CS) recommended a target price of $113 on PPG stock, implying a potential return of 8.9% from its closing price of $103.72 as of August 25, 2017.

Investors may want to invest in the ProShares S&P 500 Dividend Aristocrats (NOBL), which has invested 1.9% of its portfolio in PPG as of August 25, 2017.

In the next part of this series, we’ll look at PPG industries’ valuations compared to its peer Sherwin-Williams (SHW).

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