RBC Capital has revised its price target for PPG Industries (PPG, Financial), reducing it from $120 to $112, while maintaining a Sector Perform rating on the stock. This adjustment comes ahead of the company's first-quarter earnings report within the coatings sector.
According to analyst Arun Viswanathan, the revision reflects a strategic update to their financial models, considering turbulent market conditions and potential tariff impacts. The analysis indicates significant challenges stemming from reduced automotive original equipment manufacturer (OEM) production, ongoing insurance claims, a sluggish industrial sector, and subdued activity in the do-it-yourself (DIY) market.
This outlook signals cautious expectations for PPG, given the various pressures across different segments of its business operations. Investors are advised to consider these factors when evaluating the company's future performance.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 22 analysts, the average target price for PPG Industries Inc (PPG, Financial) is $126.55 with a high estimate of $166.00 and a low estimate of $104.00. The average target implies an upside of 27.12% from the current price of $99.55. More detailed estimate data can be found on the PPG Industries Inc (PPG) Forecast page.
Based on the consensus recommendation from 28 brokerage firms, PPG Industries Inc's (PPG, Financial) average brokerage recommendation is currently 2.5, indicating "Outperform" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.
Based on GuruFocus estimates, the estimated GF Value for PPG Industries Inc (PPG, Financial) in one year is $128.25, suggesting a upside of 28.83% from the current price of $99.55. GF Value is GuruFocus' estimate of the fair value that the stock should be traded at. It is calculated based on the historical multiples the stock has traded at previously, as well as past business growth and the future estimates of the business' performance. More detailed data can be found on the PPG Industries Inc (PPG) Summary page.
