PPG Industries, IncNYSE: PPG
Materials · Specialty Chemicals
$118.74
-1.59%
Vol: 605K
Research Digest
Wednesday, June 17, 2026
BMO Capital raised its PPG price target to $140 from $135 on June 15, reiterating Outperform on aerospace and coatings pricing strength.
On June 15, 2026, BMO Capital maintained an Outperform rating on PPG Industries and raised its price target from $135 to $140, a roughly 3.7% increase. The move follows PPG's reported organic sales growth driven by higher selling prices across aerospace, automotive, and marine coatings, alongside reaffirmed full-year 2026 earnings guidance. The stock had recently rallied, closing up 4.7% at $118.24 on June 11 and trading around $121 in mid-June, up about 20% year-to-date. Sentiment is supported by the company's dividend-aristocrat status (55 consecutive years of increases). The main risk is that PPG still trades below some intrinsic value estimates near $138, and cyclical demand in automotive and industrial coatings remains exposed to a softening macro backdrop.
Previous Market Intelligence
13 daysJun 16No significant overnight updatesNeutral▶
No material news in the last 48 hours.
Jun 15No significant overnight updatesNeutral▶
No material news in the last 48 hours.
Jun 14No significant overnight updatesNeutral▶
No material news in the last 48 hours.
May 21PPG Industries back in focus with coatings demand and U.S. exposure as key driversNeutral▶
A May 18, 2026 market note highlighted PPG exposure to coatings demand, industrial production, and housing-linked spending, putting the stock back on U.S. investor radar. The stock closed at $103.66 on May 19, 2026, up 0.99%. PPG recently completed acquisition of Ozark Materials (pavement marking) from Ingevity and announced a global price adjustment across its paints/coatings portfolio. Analyst consensus is Buy with average price target around $122-$123, implying ~20% upside. The risk is sustained housing weakness and inflation pressuring industrial volumes despite Q1 sales growth of 7% to $3.93 billion.
May 20PPG Industries facing margin pressure as Goldman raised PT to $116 (Neutral) on softer global coatings demand and rising input costs.Mixed▶
PPG Industries closed at $102.66 on May 15 and remained in focus on May 18 as analysts highlighted coatings demand softness, U.S. manufacturing/housing cyclical exposure, and 2026 estimate cuts. Q1 2026 net sales rose 7% to $3.9B with adjusted EPS of $1.83, beating estimates of $1.78. Management reaffirmed FY guidance despite ongoing margin headwinds from rising raw materials, energy, logistics, and packaging costs. Goldman Sachs raised PT to $116 from $110, keeping Neutral. The Board declared a regular quarterly dividend of $0.71, payable June 12 (record May 11). Fair value estimates have ticked up slightly to ~$122.90.
May 19PPG Industries drew fresh investor attention on May 18 as analysts highlighted coatings demand and U.S. manufacturing exposure tied to cyclical housing and auto end-markets.Mixed▶
On May 18, 2026, a fresh market note brought renewed focus to PPG Industries' coatings demand, U.S. manufacturing footprint, and cyclical links to housing and autos. The stock closed at $102.66 on May 15, 2026, leaving it well below the average 12-month analyst target of around $122.80. The note matters because PPG is highly leveraged to housing turnover and auto OEM/refinish volumes, both of which are sensitive to rate and consumer sentiment trends. CFO transition risk remains in focus, with Jamie A. Beggs set to replace retiring CFO Vincent J. Morales on July 6, 2026. The risk is that softer cyclical end-markets and the CFO change could weigh on near-term execution if coatings demand fails to recover.
May 18PPG reaffirms FY2026 adjusted EPS guidance of $7.70-$8.10 after Q1 beat with revenue of $3.93B and EPS of $1.83Mixed▶
PPG Industries reported solid Q1 2026 results with $3.93B in revenue and adjusted EPS of $1.83, reflecting 6% YoY growth driven by strong Aerospace and Comex performance. The company reaffirmed full-year 2026 adjusted EPS guidance of $7.70-$8.10. The Board declared a regular quarterly dividend of $0.71 per share, payable June 12. Shares are under pressure from concerns about shrinking margins and weak global industrial demand, closing around $108.02 on May 12. RBC Capital maintained Hold on May 1, while Goldman Sachs raised its price target to $116 from $110 on April 30. Zacks Research has trimmed Q3 and FY2026 estimates citing cautious outlook.
May 15PPG Industries elected Jamie A. Beggs as new CFO effective July 6 and completed acquisition of Ozark Materials, with stock at $108 after Q1 2026 EPS beat.Neutral▶
PPG Industries reported Q1 2026 EPS of $1.83 vs $1.70 forecast on revenue of $3.93B beating $3.84B estimate. The company reaffirmed full-year guidance of $7.70-$8.10/share. Board elected Jamie A. Beggs to serve as SVP and CFO effective July 6, 2026, and PPG completed acquisition of Ozark Materials LLC, a US provider of pavement marking solutions. Stock dipped 1.46% to $108.02 on May 12, but shares are up 5.5% YTD. Analyst consensus: Hold, with 17 analysts (6 Buy, 11 Hold) and average PT $121.79 (~11.2% upside). Risks include slower-than-expected industrial coatings demand and currency headwinds.
May 14PPG Industries shares slid 1.46% to $108.02 on May 12 as Zacks cut Q3 estimates despite Q1 beat and reaffirmed FY26 guidanceMixed▶
Zacks Research lowered Q3 2026 EPS estimates on May 12. PPG Q1 2026 EPS of $1.83 beat $1.78 consensus on revenue of $3.9B (+6.7%). Company reaffirmed FY26 EPS guidance of $7.70-$8.10 and organic sales flat to low-single digit growth. Stock closed at $108.02 May 12, down 1.46%. Consensus rating Hold with $121.79 PT (11.2% upside). Board declared $0.71 dividend payable June 12. Year-to-date PPG up 7%. Risk: industrial demand slowdown and tariff input cost pressure.
May 13PPG announced Jamie A. Beggs as new CFO effective July 6 following Q1 2026 EPS beat at $1.83 and raised FY26 guidance of $7.70-$8.10.Positive▶
PPG Industries elected Jamie A. Beggs as senior vice president and CFO effective July 6. Q1 2026 EPS of $1.83 beat the $1.70 estimate, with revenue of $3.9B (up 6.7% YoY) exceeding the $3.84B forecast. The company raised full-year 2026 guidance to $7.70-$8.10 per share. Goldman Sachs lowered its PT to $130 from $134 on May 1, while UBS raised its PT to $116 from $110 (Neutral). Strong packaging coatings results and expected growth in aerospace and Latin America architectural coatings support the outlook.
May 12PPG Industries elected Jamie A. Beggs as new CFO effective July 6 and declared a $0.71 quarterly dividend payable June 12 to holders of record May 11.Mixed▶
PPG appointed Jamie A. Beggs as SVP and CFO effective July 6 and the board declared a regular quarterly dividend of $0.71 per share payable June 12 to shareholders of record May 11. Q1 2026 EPS came in at $1.83 (vs. $1.70 estimate) on $3.9B revenue, with full-year EPS guidance maintained at $7.70-$8.10. Despite the beat, shares dipped 5.09% after-hours to $104.69. Goldman Sachs cut its target to $130 from $134 while UBS raised to $116 from $110. Consensus is Hold with a target of $121.79, signaling cautious sentiment.
May 11PPG Industries beats Q1 EPS at $1.83 but stock drops 5% in afterhours as Goldman cuts target to $130Mixed▶
PPG Industries reported Q1 2026 EPS of $1.83 vs the $1.70 forecast, with revenue of $3.9 billion (up 7% YoY) beating the $3.84B estimate, marking the fifth consecutive quarter of positive YoY growth. Despite the beat, the stock fell 5.09% in after-hours trading from $110.30 to $104.69. The company reaffirmed full-year 2026 EPS guidance of $7.70-$8.10. PPG announced a $0.71 cash dividend with ex-date May 11, 2026. Following PPG's April announcement of a global 20% price increase across paints, coatings, and specialty products, CEO Tim Knavish said realization will be spread out. Goldman Sachs cut its price target to $130 from $134 on May 1. Consensus price target hovers around $123, projecting 2026 revenue of ~$16.6B (3.2% growth).
May 8PPG Industries Q1 2026 adjusted EPS of $1.83 (6% YoY growth); reaffirms full-year guidance; analyst price target raised to $116 at Goldman Sachs.Positive▶
PPG Industries reported Q1 2026 adjusted EPS of $1.83, a 6% increase year-over-year, with revenues of $3.93 billion, beating consensus expectations. The company reaffirmed full-year 2026 earnings guidance while outlining pricing and cost actions. Packaging coatings showed double-digit organic sales growth with volumes up over 20% on a two-year basis, driven by share gains. The company expects strong growth in aerospace, Latin American architectural coatings, protective and marine coatings. Goldman Sachs raised price target to $116 from $110, while JPMorgan lowered to $125 from $126. Average analyst rating is Buy with 12-month target of $124.25 (13.26% upside).
Sector Peers
| Company | Price | Day | 1M | Fwd P/E | Beta | Mkt Cap |
|---|---|---|---|---|---|---|
| SHWSHERWIN | $317.16 | -1.64% | +6.5% | 24.4x | 1.13 | $79.5B |
| ECLECOLAB | $271.39 | -0.91% | +9.9% | 28.5x | 0.91 | $77.1B |
| PPGPPG | $118.74 | -1.59% | +16.4% | 13.9x | 1.06 | $26.9B |
| LYBLYONDELLBASELL | $62.78 | +0.30% | -15.6% | 8.3x | 0.33 | $20.2B |
| IFFINTL | $76.62 | -1.58% | +5.6% | 16.2x | 0.96 | $19.9B |
| ALBALBEMARLE | $167.98 | +1.12% | -5.5% | 13.8x | 1.31 | $19.6B |
Key Fundamentals
RSI (14-Day)
52-Week Range
Moving Averages
Price above both MAs — bullish structure.