Short interest for PPG Indus gives investors a sense of the degree to which investors are betting on the decline of PPG Indus's stock. Short interest data is updated every two weeks.

PPG Indus Stock (NYSE:PPG), Short Interest Report

PPG Indus

PPG is a global producer of coatings. The company is the world's largest producer of coatings after the purchase of selected Akzo Nobel assets. PPG's products are sold to a wide variety of end users, including the automotive, aerospace, construction, and industrial markets. The company has a footprint in many regions around the globe, with less than half of sales coming from North America in recent years. PPG is focused on its coatings and specialty products and expansion into emerging regions, as exemplified by the Comex acquisition.

PPG Industries

Businessman.Market.Ahead.Shutterstock

Analyst Color

Equities

News

Price Target

Reiteration

Analyst Ratings

Trading Ideas

General

KeyBanc analyst Aleksey Yefremov maintains an optimistic outlook on PPG Industries, despite adjusting the price target to $162 post-first-quarter FY24 results. While Q1 earnings met estimates, sales fell short, yet the analyst foresees a promising trajectory ahead. 

PPG Industries Investors Are Concerned Margin Cycle Turning Lower, Says Analyst

chart earnings

Earnings

After-Hours Center

Movers

PPG reported quarterly adjusted earnings of $1.86 per share, inline with the analyst estimate. Quarterly sales came in at $4.31 billion which missed the analyst consensus estimate of $4.43 billion by 2.69% and represents a 1.58% decrease over sales of $4.38 billion from the same period last year.

PPG Industries Reports Mixed Q1 Results

Small Cap

Markets

CARG

FATE

ROKU

TMDX

Top Wall Street analysts changed their outlook on these top names. For a complete view of all analyst rating changes, including upgrades and downgrades, please see our analyst ratings page.

Domino&#39;s To Rally More Than 15%? Here Are 10 Top Analyst Forecasts For Tuesday

PPG Industries Inc

BMO Capital analyst John McNulty maintains PPG Indus (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PPG#NYSE">PPG</a>) with a Outperform and lowers the price target from $168 to $165.

BMO Capital Maintains Outperform on PPG Indus, Lowers Price Target to $165

KeyBanc&nbsp;analyst Aleksey Yefremov reiterated an<a target="_blank" href="https://www.benzinga.com/quote/PPG/analyst-ratings" rel="noreferrer noopener">&nbsp;Overweight rating</a>&nbsp;on the shares of&nbsp;PPG Industries Inc&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PPG#NYSE">PPG</a>) and lowered the price target from $164 to $162 after the first-quarter FY24 earnings.
The company reported quarterly adjusted earnings of $1.86 per share, in line with the analyst estimate, whereas the quarterly sales came in at $4.31 billion, which missed the analyst consensus&nbsp;<a target="_blank" href="https://www.benzinga.com/news/earnings/24/04/38324948/ppg-industries-reports-mixed-q1-results" rel="noreferrer noopener">estimate of $4.43 billion.</a>
Volumes have yet to see a material improvement, although the improvement trend over the last few quarters is convincing, said the analyst.
The analyst views the flat result in the quarter to be on the lighter side but expects improvement as 2024 unfolds, and accelerating into 2025.
Investors are concerned about the margin cycle turning lower, but the analyst sees the current level of petrochemical inflation as more than manageable in the context of PPG&#8217;s long-term margin history, modest rise in costs so far, and proactive portfolio improvement.
PPG maintained its $8.47 EPS guidance for 2024, which compared to the consensus of $8.47 and the analyst&#8217;s new $8.55 estimate.
While initial 2024 guidance had seemed conservative at the time, the analyst noted investor expectations after this print could reset closer to management&#8217;s view.
Second-quarter volumes are expected to grow in low-single-digits, driven by share gains in industrial, refinish, and packaging markets, while pricing should be ~flat to slightly positive.&nbsp;
The $162 price target is based on 12.7x 2025E EBITDA. PPG shares currently trade at 11.4x the analyst&#8217;s 2024E EV/ EBITDA.&nbsp;
Price Action: PPG shares are trading lower by 0.22% at $130.61 on the last check Monday.
Photo via Shutterstock

RBC Capital analyst Arun Viswanathan maintains PPG Indus (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PPG#NYSE">PPG</a>) with a Sector Perform and lowers the price target from $156 to $141.

RBC Capital Maintains Sector Perform on PPG Indus, Lowers Price Target to $141

Barclays analyst Michael Leithead maintains PPG Indus (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PPG#NYSE">PPG</a>) with a Equal-Weight and lowers the price target from $149 to $148.

Barclays Maintains Equal-Weight on PPG Indus, Lowers Price Target to $148

Keybanc analyst Aleksey Yefremov maintains PPG Indus (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PPG#NYSE">PPG</a>) with a Overweight and lowers the price target from $164 to $162.

Keybanc Maintains Overweight on PPG Indus, Lowers Price Target to $162

B of A Securities analyst Steve Byrne maintains PPG Indus (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PPG#NYSE">PPG</a>) with a Buy and lowers the price target from $167 to $164.

B of A Securities Maintains Buy on PPG Indus, Lowers Price Target to $164

Deutsche Bank analyst David Begleiter maintains PPG Indus (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PPG#NYSE">PPG</a>) with a Buy and lowers the price target from $160 to $155.

Deutsche Bank Maintains Buy on PPG Indus, Lowers Price Target to $155

Evercore ISI Group analyst Stephen Richardson downgrades PPG Indus (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PPG#NYSE">PPG</a>) from Outperform to In-Line and maintains $152 price target.

Downgrades

Evercore ISI Group Downgrades PPG Indus to In-Line, Maintains $152 Price Target

UBS analyst Joshua Spector maintains PPG Indus (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PPG#NYSE">PPG</a>) with a Neutral and lowers the price target from $156 to $150.

UBS Maintains Neutral on PPG Indus, Lowers Price Target to $150

PPG Industries, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PPG#NYSE">PPG</a>) reported mixed first-quarter financial results after the bell Thursday. Here's a <a href="https://www.benzinga.com/pressreleases/24/04/b38324109/western-alliance-bancorporation-reports-first-quarter-2024-financial-results">look at the details.&nbsp;</a>
The Details: PPG reported quarterly adjusted earnings of $1.86 per share, inline with the analyst estimate. 
Quarterly sales came in at $4.31 billion which missed the analyst consensus estimate of $4.43 billion by 2.69% and represents a 1.58% decrease over sales of $4.38 billion from the same period last year.
PPG announced its board of directors authorized the repurchase of $2.5 billion of outstanding common stock, effective immediately and do not expire. The company also declared a quarterly dividend of 65 cents per share, payable June 12 to shareholders of record as of May 10. 
&#8220;We achieved year-over-year adjusted EPS growth for the fifth consecutive quarter despite continued challenges in the macro environment,&#8221; said Tim Knavish, PPG CEO. &#8220;The company benefited from our well-established businesses in Mexico and China, our second and third largest net sales countries, respectively. We also delivered organic sales growth in India and in several long-cycle businesses such as protective and marine coatings and aerospace coatings, where our backlog grew,&#8221; 
Outlook: PPG sees second-quarter organic sales growth up by low single digits and expects quarterly adjusted earnings of between $2.42 and $2.52 per share, versus the $2.55 per share estimate. 
The company expects full-year 2024 organic sales growth in the low single digits and continues to see full-year adjusted earnings between $8.34 and $8.59 per share, versus the $8.48 per share estimate. 
Related News: <a href="https://www.benzinga.com/news/24/04/38299189/whats-going-on-with-arm-holdings-stock">What&#8217;s Going On With Arm Holdings Stock?</a>
PPG Price Action: According to <a href="https://pro.benzinga.com/?gspk=YWRhbWVja2VydDUzMzY&amp;gsxid=zBMR4PKmcgBw">Benzinga Pro</a>, PPG Industries shares are down 0.45% after-hours at $134.50 at the time of publication Thursday.
Photo: Csaba Nagy from Pixabay

&quot;In the&nbsp;second quarter, we expect low single-digit percentage aggregate sales volume growth, led by our aerospace, protective and marine, and packaging coatings businesses and by Mexico, China and India,&quot;&nbsp;Chairman and CEO comments.

Guidance

PPG Expects FY24 Organic Sales Growth To Be Up Low Single Digits; Continues To See Adjusted EPS $8.34-$8.59, Est $8.48

This program is in addition to the company&#39;s existing share repurchase authorization, which was approved in December 2017 and had approximately&nbsp;$860 million&nbsp;remaining as of March 31, 2024.&nbsp;

Buybacks

PPG Board Authorizes $2.5B Share Repurchase Program

PPG Expects Q2 Organic Sales Growth To Be In Up Low Single Digits, Adjusted EPS Of $2.42-$2.52, Est $2.55

PPG Indus (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PPG#NYSE">PPG</a>) reported quarterly Adj earnings of $1.86 per share which met the analyst consensus estimate. This is a 2.2 percent increase over earnings of $1.82 per share from the same period last year. The company reported quarterly sales of $4.31 billion which missed the analyst consensus estimate of $4.43 billion by 2.69 percent. This is a 1.58 percent decrease over sales of $4.38 billion the same period last year.

PPG Indus Q1 Adj EPS $1.86, Inline, Sales $4.31B Miss $4.43B Estimate

<h3>Companies Reporting Before The Bell</h3>
&bull; Addex Therapeutics (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ADXN#NASDAQ">ADXN</a>) is estimated to report earnings for its fourth quarter.
&bull; Nokia (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NOK#NYSE">NOK</a>) is estimated to report quarterly earnings at $0.06 per share on revenue of $5.09 billion.
&bull; Taiwan Semiconductor (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TSM#NYSE">TSM</a>) is likely to report quarterly earnings at $1.31 per share on revenue of $18.41 billion.
&bull; TH International (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/THCH#NASDAQ">THCH</a>) is projected to report earnings for its fourth quarter.
&bull; Ohmyhome (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/OMH#NASDAQ">OMH</a>) is likely to report earnings for its Fiscal Year 2023.
&bull; Alaska Air Gr (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ALK#NYSE">ALK</a>) is likely to report quarterly loss at $0.97 per share on revenue of $2.13 billion.
&bull; Snap-on (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SNA#NYSE">SNA</a>) is projected to report quarterly earnings at $4.65 per share on revenue of $1.20 billion.
&bull; Texas Capital Bancshares (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TCBI#NASDAQ">TCBI</a>) is projected to report quarterly earnings at $0.61 per share on revenue of $253.42 million.
&bull; Infosys (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/INFY#NYSE">INFY</a>) is likely to report quarterly earnings at $0.17 per share on revenue of $4.55 billion.
&bull; Berkshire Hills Bancorp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BHLB#NYSE">BHLB</a>) is expected to report quarterly earnings at $0.47 per share on revenue of $89.01 million.
&bull; Ally Financial (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ALLY#NYSE">ALLY</a>) is estimated to report quarterly earnings at $0.41 per share on revenue of $1.98 billion.
&bull; Genuine Parts (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GPC#NYSE">GPC</a>) is estimated to report quarterly earnings at $2.16 per share on revenue of $5.84 billion.
&bull; Comerica (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CMA#NYSE">CMA</a>) is likely to report quarterly earnings at $1.12 per share on revenue of $807.79 million.
&bull; KeyCorp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KEY#NYSE">KEY</a>) is expected to report quarterly earnings at $0.22 per share on revenue of $1.51 billion.
&bull; Elevance Health (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ELV#NYSE">ELV</a>) is projected to report quarterly earnings at $10.49 per share on revenue of $42.62 billion.
&bull; Badger Meter (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BMI#NYSE">BMI</a>) is projected to report quarterly earnings at $0.82 per share on revenue of $182.26 million.
&bull; S&amp;T Bancorp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/STBA#NASDAQ">STBA</a>) is expected to report quarterly earnings at $0.79 per share on revenue of $95.94 million.
&bull; ManpowerGroup (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MAN#NYSE">MAN</a>) is likely to report quarterly earnings at $0.91 per share on revenue of $4.43 billion.
&bull; Blackstone (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BX#NYSE">BX</a>) is expected to report quarterly earnings at $0.98 per share on revenue of $2.53 billion.
&bull; Iridium Comms (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/IRDM#NASDAQ">IRDM</a>) is estimated to report quarterly earnings at $0.15 per share on revenue of $193.75 million.
&bull; Apogee Enterprises (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/APOG#NASDAQ">APOG</a>) is expected to report quarterly earnings at $1.01 per share on revenue of $337.83 million.
&bull; OFG Bancorp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/OFG#NYSE">OFG</a>) is projected to report quarterly earnings at $0.97 per share on revenue of $152.67 million.
&bull; Marsh &amp; McLennan (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MMC#NYSE">MMC</a>) is estimated to report quarterly earnings at $2.80 per share on revenue of $6.39 billion.
&bull; Home BancShares (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HOMB#NYSE">HOMB</a>) is expected to report quarterly earnings at $0.46 per share on revenue of $240.40 million.
&bull; Forestar Group (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FOR#NYSE">FOR</a>) is projected to report quarterly earnings at $0.72 per share on revenue of $325.91 million.
&bull; D.R. Horton (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DHI#NYSE">DHI</a>) is likely to report quarterly earnings at $3.06 per share on revenue of $8.28 billion.
<h3>Companies Reporting After The Bell</h3>
&bull; Hilltop Hldgs (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HTH#NYSE">HTH</a>) is expected to report quarterly earnings at $0.25 per share on revenue of $109.71 million.
&bull; Five Point Holdings (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FPH#NYSE">FPH</a>) is expected to report earnings for its first quarter.
&bull; Provident Finl Servs (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PFS#NYSE">PFS</a>) is expected to report quarterly earnings at $0.40 per share on revenue of $92.95 million.
&bull; Western Alliance (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WAL#NYSE">WAL</a>) is expected to report quarterly earnings at $1.67 per share on revenue of $697.64 million.
&bull; Independent Bank (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/INDB#NASDAQ">INDB</a>) is estimated to report quarterly earnings at $1.11 per share on revenue of $174.77 million.
&bull; Banco Latinoamericano (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BLX#NYSE">BLX</a>) is expected to report earnings for its first quarter.
&bull; Glacier Bancorp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GBCI#NYSE">GBCI</a>) is expected to report quarterly earnings at $0.34 per share on revenue of $171.99 million.
&bull; First Western Financial (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MYFW#NASDAQ">MYFW</a>) is expected to report quarterly earnings at $0.22 per share on revenue of $22.97 million.
&bull; Alpine Income Prop Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PINE#NYSE">PINE</a>) is projected to report quarterly earnings at $0.38 per share on revenue of $11.63 million.
&bull; Metropolitan Bank Holding (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MCB#NYSE">MCB</a>) is projected to report quarterly earnings at $1.34 per share on revenue of $64.56 million.
&bull; Netflix (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NFLX#NASDAQ">NFLX</a>) is likely to report quarterly earnings at $4.50 per share on revenue of $9.26 billion.
&bull; OceanFirst Financial (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/OCFC#NASDAQ">OCFC</a>) is likely to report quarterly earnings at $0.41 per share on revenue of $87.72 million.
&bull; PPG Indus (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PPG#NYSE">PPG</a>) is expected to report quarterly earnings at $1.86 per share on revenue of $4.43 billion.
&bull; SB Finl Gr (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SBFG#NASDAQ">SBFG</a>) is estimated to report quarterly earnings at $0.30 per share on revenue of $9.50 million.
&bull; Intuitive Surgical (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ISRG#NASDAQ">ISRG</a>) is estimated to report quarterly earnings at $1.41 per share on revenue of $1.87 billion.
This article was generated by Benzinga&#39;s automated content engine and reviewed by an editor.

ADXN

ALLY

APOG

BHLB

streetTRACKS Dow Jones U.S. Large Cap Value Index Fund

GBCI

HOMB

INDB

INFY

IRDM

ISRG

MYFW

NFLX

OCFC

PINE

SBFG

STBA

TCBI

THCH

Earnings Scheduled For April 18, 2024

Wells Fargo analyst Michael Sison upgrades PPG Indus (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PPG#NYSE">PPG</a>) from Equal-Weight to Overweight and raises the price target from $150 to $163.

Upgrades

Wells Fargo Upgrades PPG Indus to Overweight, Raises Price Target to $163

Citigroup analyst Patrick Cunningham maintains PPG Indus (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PPG#NYSE">PPG</a>) with a Buy and lowers the price target from $170 to $161.

Citigroup Maintains Buy on PPG Indus, Lowers Price Target to $161

7 analysts have shared their evaluations of PPG Indus (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PPG#NYSE">PPG</a>) during the recent three months, expressing a mix of bullish and bearish perspectives.
The following table provides a quick overview of their recent ratings, highlighting the changing sentiments over the past 30 days and comparing them to the preceding months.
<table>
<thead>
<tr>
<th></th>
<th style="text-align: right;">Bullish</th>
<th style="text-align: right;">Somewhat Bullish</th>
<th style="text-align: right;">Indifferent</th>
<th style="text-align: right;">Somewhat Bearish</th>
<th style="text-align: right;">Bearish</th>
</tr>
</thead>
<tbody>
<tr>
<td>Total Ratings</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">3</td>
<td style="text-align: right;">3</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>Last 30D</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>1M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>2M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">2</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>3M Ago</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">2</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
</tbody>
</table>
In the assessment of 12-month price targets, analysts unveil insights for PPG Indus, presenting an average target of $158.14, a high estimate of $172.00, and a low estimate of $149.00. A decline of 2.78% from the prior average price target is evident in the current average. 
<img src="https://www.benzinga.com/files/images/story/2024/1712664027_0.png" alt="price target chart" />
<h2>Investigating Analyst Ratings: An Elaborate Study</h2>
The standing of PPG Indus among financial experts becomes clear with a thorough analysis of recent analyst actions. The summary below outlines key analysts, their recent evaluations, and adjustments to ratings and price targets.
<table>
<thead>
<tr>
<th>Analyst</th>
<th>Analyst Firm</th>
<th>Action Taken</th>
<th>Rating</th>
<th>Current Price Target</th>
<th>Prior Price Target</th>
</tr>
</thead>
<tbody>
<tr>
<td>Aleksey Yefremov</td>
<td>Keybanc</td>
<td>Lowers</td>
<td>Overweight</td>
<td>$164.00</td>
<td>$167.00</td>
</tr>
<tr>
<td>Joshua Spector</td>
<td>UBS</td>
<td>Lowers</td>
<td>Neutral</td>
<td>$156.00</td>
<td>$173.00</td>
</tr>
<tr>
<td>Duffy Fischer</td>
<td>Barclays</td>
<td>Lowers</td>
<td>Equal-Weight</td>
<td>$149.00</td>
<td>$163.00</td>
</tr>
<tr>
<td>Arun Viswanathan</td>
<td>RBC Capital</td>
<td>Lowers</td>
<td>Sector Perform</td>
<td>$156.00</td>
<td>$158.00</td>
</tr>
<tr>
<td>Ghansham Panjabi</td>
<td>Baird</td>
<td>Raises</td>
<td>Outperform</td>
<td>$160.00</td>
<td>$150.00</td>
</tr>
<tr>
<td>Ghansham Panjabi</td>
<td>Baird</td>
<td>Maintains</td>
<td>Outperform</td>
<td>$150.00</td>
<td>-</td>
</tr>
<tr>
<td>Joshua Spector</td>
<td>UBS</td>
<td>Raises</td>
<td>Buy</td>
<td>$172.00</td>
<td>$165.00</td>
</tr>
</tbody>
</table>
<h3>Key Insights:</h3>
<ul>
<li>Action Taken: Analysts respond to changes in market conditions and company performance, frequently updating their recommendations. Whether they 'Maintain', 'Raise' or 'Lower' their stance, it reflects their reaction to recent developments related to PPG Indus. This information offers a snapshot of how analysts perceive the current state of the company.</li>
<li>Rating: Analysts unravel qualitative evaluations for stocks, ranging from 'Outperform' to 'Underperform'. These ratings offer insights into expectations for the relative performance of PPG Indus compared to the broader market.</li>
<li>Price Targets: Gaining insights, analysts provide estimates for the future value of PPG Indus's stock. This comparison reveals trends in analysts' expectations over time.</li>
</ul>
Assessing these analyst evaluations alongside crucial financial indicators can provide a comprehensive overview of PPG Indus's market position. Stay informed and make well-judged decisions with the assistance of our Ratings Table.
<a href="https://www.benzinga.com/quote/PPG/analyst-ratings?utm_source=Benzinga Insights">Stay up to date on PPG Indus analyst ratings.</a>
<h2>Get to Know PPG Indus Better</h2>
PPG is a global producer of coatings. The company is the world's largest producer of coatings after the purchase of selected Akzo Nobel assets. PPG's products are sold to a wide variety of end users, including the automotive, aerospace, construction, and industrial markets. The company has a footprint in many regions around the globe, with less than half of sales coming from North America in recent years. PPG is focused on its coatings and specialty products and expansion into emerging regions, as exemplified by the Comex acquisition.
<h3>PPG Indus: Financial Performance Dissected</h3>
Market Capitalization: Boasting an elevated market capitalization, the company surpasses industry averages. This signals substantial size and strong market recognition.
Revenue Growth: Over the 3 months period, PPG Indus showcased positive performance, achieving a revenue growth rate of 3.94% as of 31 December, 2023. This reflects a substantial increase in the company's top-line earnings. When compared to others in the Materials sector, the company excelled with a growth rate higher than the average among peers.
Net Margin: PPG Indus's net margin is impressive, surpassing industry averages. With a net margin of 2.07%, the company demonstrates strong profitability and effective cost management.
Return on Equity (ROE): PPG Indus's ROE excels beyond industry benchmarks, reaching 1.16%. This signifies robust financial management and efficient use of shareholder equity capital.
Return on Assets (ROA): PPG Indus's ROA excels beyond industry benchmarks, reaching 0.42%. This signifies efficient management of assets and strong financial health.
Debt Management: PPG Indus's debt-to-equity ratio is below the industry average at 0.88, reflecting a lower dependency on debt financing and a more conservative financial approach.
<h2>What Are Analyst Ratings?</h2>
Ratings come from analysts, or specialists within banking and financial systems that report for specific stocks or defined sectors (typically once per quarter for each stock). Analysts usually derive their information from company conference calls and meetings, financial statements, and conversations with important insiders to reach their decisions.
Analysts may supplement their ratings with predictions for metrics like growth estimates, earnings, and revenue, offering investors a more comprehensive outlook. However, investors should be mindful that analysts, like any human, can have subjective perspectives influencing their forecasts.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

7 Analysts Have This To Say About PPG Indus

Keybanc analyst Aleksey Yefremov maintains PPG Indus (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PPG#NYSE">PPG</a>) with a Overweight and lowers the price target from $167 to $164.

Keybanc Maintains Overweight on PPG Indus, Lowers Price Target to $164

PPG Indus's (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PPG#NYSE">PPG</a>) short percent of float has risen 11.54% since its last report. The company recently reported that it has 2.72 million shares sold short, which is 1.16% of all regular shares that are available for trading. Based on its trading volume, it would take traders 1.7 days to cover their short positions on average.
<h3>Why Short Interest Matters</h3>
Short interest is the number of shares that have been sold short but have not yet been covered or closed out. <a href="https://www.benzinga.com/money/how-to-short-a-stock/">Short selling</a> is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises.
Short interest is important to track because it can act as an indicator of market sentiment towards a particular stock. An increase in short interest can signal that investors have become more bearish, while a decrease in short interest can signal they have become more bullish.
See Also: <a href="https://www.benzinga.com/short-interest">List of the most shorted stocks</a>
<h3>PPG Indus Short Interest Graph (3 Months)</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1711556118_0.png" alt="short_fig" />
As you can see from the chart above the percentage of shares that are sold short for PPG Indus has grown since its last report. This does not mean that the stock is going to fall in the near-term but traders should be aware that more shares are being shorted.
<h3>Comparing PPG Indus's Short Interest Against Its Peers</h3>
Peer comparison is a popular technique amongst analysts and investors for gauging how well a company is performing. A company's peer is another company that has similar characteristics to it, such as industry, size, age, and financial structure. You can find a company's peer group by reading its 10-K, proxy filing, or by doing your own similarity analysis.
According to <a href="https://pro.benzinga.com/">Benzinga Pro</a>, PPG Indus's peer group average for short interest as a percentage of float is 3.82%, which means the company has less short interest than most of its peers.
Did you know that increasing short interest can actually be bullish for a stock? <a href="https://www.benzinga.com/money/how-to-make-money-on-a-short-squeeze/">This post by Benzinga Money explains how you can profit from it.</a>
This article was generated by Benzinga's automated content engine and was reviewed by an editor.

Short Sellers

Short Ideas

How Is The Market Feeling About PPG Indus?

Ghansham Panjabi, an analyst from Robert W. Baird, maintained the Buy rating on PPG Industries (PPG – Research Report). The associated price target...

Buy Rating Affirmed for PPG Industries Amid Strong Financials and Share Buyback Boost

There's a lot to be optimistic about in the Materials sector as 3 analysts just weighed in on Vale SA (VALE – Research Report), PPG Industries (PPG...

Analysts' Top Materials Picks: Vale SA (VALE), PPG Industries (PPG)

Companies in the Materials sector have received a lot of coverage today as analysts weigh in on Alcoa (AA – Research Report), PPG Industries (PPG –...

Analysts Offer Insights on Materials Companies: Alcoa (AA), PPG Industries (PPG) and Ingevity (NGVT)

David Begleiter, an analyst from Deutsche Bank, reiterated the Buy rating on PPG Industries (PPG – Research Report). The associated price target wa...

Buy Rating Affirmed for PPG Industries Amidst Volume Growth and Share Repurchase Program

Steve Byrne, an analyst from Bank of America Securities, reiterated the Buy rating on PPG Industries (PPG – Research Report). The associated price ...

PPG Industries: Poised for Growth Despite Short-Term Hurdles

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....

RBC Capital Sticks to Its Hold Rating for PPG Industries (PPG)

<a href="https://investorplace.com">InvestorPlace - Stock Market News, Stock Advice &amp; Trading Tips</a>
<a href="https://investorplace.com/stock-types/dividend-stocks/">Dividend stocks</a> have a proven record of stock market outperformance. For nearly 100 years, income-generating stocks on the S&amp;P 500 have beaten non-payers. There has never been a decade when dividend stocks didn&rsquo;t produce a positive return.



And then we have the dividend royalty, companies that have raised their payouts the longest. These <a href="https://investorplace.com/2024/03/the-3-highest-yielding-dividend-kings-for-march-2024/">Dividend Kings</a> have increased their dividends every year for 50 years or more without fail. Through wars, recessions and global pandemics, these businesses kept rewarding their investors for sticking by them.



That doesn&rsquo;t mean, however, their stocks will always go up. Economic factors and global events can temporarily slow business, causing investors to seek out faster growing stocks. But over time the Dividend Kings always rebound, explaining why they can still claim their thrones.



The following are three royal dividend payers whose stocks are down 10% or more this year. You might want to consider buying these dividend stocks before they rebound once more.



<h2>Archer-Daniels-Midland (ADM)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2019/08/adm-stock-1-300x169.jpg" alt="Archer-Daniels-Midland (ADM) logo on sign at office campus"><div>Source: Katherine Welles / Shutterstock.com</div></div>Agricultural products processor Archer-Daniels-Midland (NYSE:<a href="https://investorplace.com/stock-quotes/adm-stock-quote/">ADM</a>) has been trying to move beyond the <a href="https://investorplace.com/2023/07/the-3-most-undervalued-dividend-aristocrats-to-buy-now-july-2023/">volatility of its commodities-based business</a>. As one of the biggest traders in grains and oilseeds, it has been using that expertise to develop a leadership position in human and animal nutrition in service of the food, beverages and food supplement businesses.



It has been one of Archer-Daniels&rsquo; fastest growing segments, though also one of its smallest. However, in January the ag products specialist <a href="https://www.sec.gov/Archives/edgar/data/7084/000119312524011608/d737314dex991.htm">revealed it was under investigation</a> by the Securities &amp; Exchange Commission and the Justice Department for overstating historical profits in the nutrition business. When its other segments sold products to the nutrition business, it did not record the prices at market prices. That inflated the segment&rsquo;s profits. ADM had to restate six years of operating profits and is now under criminal investigation.



In most instances, that would be a no-go zone for investors. However, the CFO has been put on leave and the company is cooperating with authorities. The biggest risk it faces is fines and penalties. That&rsquo;s not good, but not fatal either. And Archer-Daniels-Midland&rsquo;s dividend that yields 3.1% remains secure.



ADM stock has raised its dividend for 51 consecutive years and will undoubtedly continue doing so into the future. The ag products stock is operating under a cloud at the moment but this might be the right time to buy in before the sun breaks through again.



<h2>Kenvue (KVUE)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2024/04/kenvue-kvue-stock-1600-300x169.jpg" alt="Kenvue (KVUE) logo displayed on smartphone with company website in background"><div>Source: shutterstock.com/T. Schneider</div></div>Recently <a href="https://investorplace.com/2024/04/the-3-best-stocks-to-buy-to-survive-the-coming-sp-500-crash/">spun off</a> from Johnson &amp; Johnson (NYSE:<a href="https://investorplace.com/stock-quotes/jnj-stock-quote/">JNJ</a>), consumer products giant Kenvue (NYSE:<a href="https://investorplace.com/stock-quotes/kvue-stock-quote/">KVUE</a>) is one of the newest additions to the Dividend Kings list. It&rsquo;s sort of a backhanded way for some companies to earn their way in. Having been part of a company that has paid dividends for decades, the new stock adopts the dividend history of their former parent upon separation.&nbsp;



AbbVie (NYSE:<a href="https://investorplace.com/stock-quotes/abbv-stock-quote/">ABBV</a>) is another example of dividend royalty that earned its crown through the history of Abbott Labs (NYSE:<a href="https://investorplace.com/stock-quotes/abt-stock-quote/">ABT</a>). Yet it has <a href="https://investorplace.com/2024/03/3-dividend-aristocrats-with-the-largest-10-year-dividend-growth-rates/">established its own track record</a> of growing its payout for more than a decade. Kenvue will likely do the same.



Kenvue owns J&amp;J&rsquo;s former consumer goods brands, including Tylenol, Listerine and Band-Aid. These are some of the top-selling brands in their space and are well-known and loved by consumers. It was spun off from J&amp;J because the healthcare company wanted to focus narrowly on its healthcare business and Kenvue was &ldquo;getting lost&rdquo; in the mix.



Shares of the consumer products stock are down 11.5% in 2024 after forecasting 2024 profits below expectations. Kenvue expects earnings of $1.10 to $1.20 per share, short of Wall Street&rsquo;s forecast of $1.26 per share. It cites foreign currency exchange rates and a <a href="https://www.reuters.com/business/healthcare-pharmaceuticals/tylenol-maker-kenvue-forecasts-annual-profit-below-estimates-after-weak-quarter-2024-02-08/">tougher market in China</a> as reasons for coming up short.



These are temporary headwinds for Kenvue that won&rsquo;t affect its dividend, which yields 2.1% annually. It possesses a wide competitive moat with its top-shelf products and the discount it offers makes it a dividend stock to buy now.



<h2>PPG Industries (PPG)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2022/06/ppg-stock-1600-300x169.jpg" alt="PPG Paints retail location. PPG stock"><div>Source: Jonathan Weiss / Shutterstock.com</div></div>Paint and coatings specialist PPG Industries (NYSE:<a href="https://investorplace.com/stock-quotes/ppg-stock-quote/">PPG</a>) rounds out our trio of Dividend Kings that have been beaten down by the market. PPG stock is off 10% this year on concerns over the direction of the U.S. economy.&nbsp;



It is looking to sell its <a href="https://investor.ppg.com/news/news-details/2024/PPG-to-review-strategic-alternatives-for-architectural-coatings-business-in-the-U.S.-and-Canada/default.aspx">U.S. and Canadian architectural coatings</a> business as it sees declining demand for do-it-yourself projects that it sees as a longer-term trend. The business generates about $1.8 billion in annual sales, or about 10% of PPG&rsquo;s total revenue. It will retain the same business in Asia, Europe and Latin America, with business in Mexico being particularly strong.



The sale is part of a larger restructuring that PPG is undergoing in order to better focus on its best, most profitable operations. Last year it sold its traffic markings business in Europe, Australia and New Zealand. It is also exploring alternatives, including a sale of its silica unit.&nbsp;



PPG will announce earnings this week. It has paid a dividend every year since 1899 and has raised the payout for 52 consecutive years. The coatings company is an <a href="https://investorplace.com/2023/11/7-dividend-stocks-every-investor-should-own-to-survive-a-market-crash/">otherwise solid company</a> trading at just 14 times next year&rsquo;s earnings. That makes it a discounted Dividend King to buy now.



On the date of publication, Rich Duprey held a LONG position in PPG, JNJ and ABBV stock. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com <a href="https://investorplace.com/corporate/investorplace-publishing-guidelines/">Publishing Guidelines</a>.
<div>Rich Duprey has written about stocks and investing for the past 20 years. His articles have appeared on Nasdaq.com, The Motley Fool, and Yahoo! Finance, and he has been referenced by U.S. and international publications, including MarketWatch, Financial Times, Forbes, Fast Company, USA Today, Milwaukee Journal Sentinel, Cheddar News, The Boston Globe, L&rsquo;Express, and numerous other news outlets.</div><h3>More From InvestorPlace</h3>
		<ul><li>
						<a href="https://investorplace.com/2023/10/no-1-ai-investment-might-be-this-company-youve-never-heard-of/?cid=MKT764787&amp;eid=MKT771245">The #1 AI Investment Might Be This Company You&rsquo;ve Never Heard Of</a>
					</li>
																<li>
						<a href="https://investorplace.com/2023/07/elon-musks-project-omega-stuns-silicon-valley-insiders/?cid=MKT738510&amp;eid=MKT771236">Musk&rsquo;s &ldquo;Project Omega&rdquo; May Be Set to Mint New Millionaires. Here&rsquo;s How to Get In.</a>
					</li>
																<li>
						<a href="https://investorplace.com/2021/01/one-percenter-issues-urgent-warning/?cid=MKT499868&amp;eid=MKT793997">It doesn&rsquo;t matter if you have $500 or $5 million. Do this now.</a>
					</li>
									</ul><div>
			<div></div>
						<div></div>
					</div>
	
The post <a href="https://investorplace.com/2024/04/3-dividend-kings-down-11-youll-regret-not-buying-on-the-dip/">3 Dividend Kings Down 11% You&#8217;ll Regret Not Buying on the Dip</a> appeared first on <a href="https://investorplace.com">InvestorPlace</a>.

3 Dividend Kings Down 11% You'll Regret Not Buying on the Dip

The latest update is out from PPG Industries (PPG). PPG Industries, Inc. has welcomed Kathy L. Fortmann to its Board of Directors, with her term be...

PPG Industries Appoints Kathy L. Fortmann to Board

Analysts have been eager to weigh in on the Materials sector with new ratings on Metals Corp (MTAL – Research Report), PPG Industries (PPG – Resear...

-

-

-

-

-

-

-

-

-

-

-

-

-

-

PPG Indus Stock (NYSE:PPG), Short Interest Report

People Also Watch