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PPG Industries (PPG) Stock Forecast, Price Target & Predictions

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PPG Stock Forecast

PPG Industries stock forecast is as follows: an average price target of $160.65 (represents a 31.11% upside from PPG’s last price of $122.53) and a rating consensus of 'Buy', based on 21 wall street analysts offering a 1-year stock forecast.

PPG Price Target

The average price target for PPG Industries (PPG) is $160.65 based on 1-year price targets from 21 Wall Street analysts in the past 3 months, with a price target range of $194.00 to $136.00. This represents a potential 31.11% upside from PPG's last price of $122.53.

PPG Analyst Ratings

Buy

According to 21 Wall Street analysts, PPG Industries's rating consensus is 'Buy'. The analyst rating breakdown for PPG stock is 0 'Strong Buy' (0.00%), 12 'Buy' (57.14%), 9 'Hold' (42.86%), 0 'Sell' (0.00%), and 0 'Strong Sell' (0.00%).

PPG Industries Price Target by Analyst

DateAnalystCompanyPrice TargetPrice when PublishedPrice Target/Price when PublishedPrice Target/Last Closing Price
Oct 22, 2024Arun ViswanathanRBC Capital$136.00$128.825.57%10.99%
Oct 21, 2024John McNultyBMO Capital$155.00$129.8219.39%26.50%
Oct 17, 2024John McNultyBMO Capital$160.00$129.9123.16%30.58%
Oct 17, 2024Michael HarrisonSeaport Global$165.00$130.3626.57%34.66%
Oct 17, 2024John RobertsMizuho Securities$150.00$130.3615.07%22.42%
Oct 16, 2024Patrick CunninghamCitigroup$144.00$131.319.66%17.52%
Jul 22, 2024John McNultyBMO Capital$161.00$129.0524.76%31.40%
Jul 22, 2024Aleksey YefremovKeyBanc$153.00$128.0419.49%24.87%
Jul 19, 2024Laurence AlexanderJefferies$140.00$128.049.34%14.26%
Jul 09, 2024Joshua SpectorUBS$140.00$126.3210.83%14.26%
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The latest PPG Industries stock forecast, released on Oct 22, 2024 by Arun Viswanathan from RBC Capital, set a price target of $136.00, which represents a 5.57% increase from the stock price at the time of the forecast ($128.82), and a 10.99% increase from PPG last price ($122.53).

PPG Industries Price Target by Period

1M3M12M
# Anlaysts2617
Avg Price Target$145.50$151.67$152.76
Last Closing Price$122.53$122.53$122.53
Upside/Downside18.75%23.78%24.67%

In the current month, the average price target of PPG Industries stock is $145.50, according to 2 Wall Street analysts offering twelve months forecast. The average price target represents a 18.75% increase as opposed to PPG Industries's last price of $122.53. This month's average price target is down -4.07% compared to last quarter, and down -4.75% compared to last year.

Analyst Ratings Upgrades/Downgrades

DateCompanyPrevious RatingNew RatingRating Change
Oct 22, 2024RBC CapitalSector PerformSector PerformHold
Oct 17, 2024KeyBancOverweightOverweightHold
Oct 17, 2024Seaport GlobalBuyBuyHold
Oct 16, 2024CitigroupBuyBuyHold
Oct 16, 2024Deutsche BankBuyBuyHold
Oct 16, 2024BMO CapitalOutperformOutperformHold
Jul 22, 2024BMO CapitalOutperformOutperformHold
Jul 22, 2024Bank of America SecuritiesBuyBuyHold
Jul 22, 2024KeyBancOverweightOverweightHold
Jul 21, 2024CitigroupBuyBuyHold
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PPG Industries's last stock rating was published by RBC Capital on Oct 22, 2024. The company gave PPG a "Sector Perform" rating, the same as its previous rate.

PPG Industries Financial Forecast

PPG Industries Revenue Forecast

Dec 26Sep 26Jun 26Mar 26Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jun 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20Jun 20Mar 20Dec 19Sep 19
Revenue------------$4.35B$4.64B$4.87B$4.38B$4.18B$4.47B$4.69B$4.31B$4.19B$4.37B$4.36B$3.88B$3.76B$3.69B$3.02B$3.38B$3.67B$3.83B
Avg Forecast$4.28B$4.51B$4.72B$4.18B$4.05B$4.30B$4.49B$4.04B$4.10B$4.66B$4.90B$4.43B$4.27B$4.64B$4.84B$4.40B$4.11B$4.43B$4.67B$4.24B$4.04B$4.25B$4.34B$3.67B$3.59B$3.66B$2.81B$3.40B$3.67B$3.89B
High Forecast$4.41B$4.66B$4.87B$4.31B$4.18B$4.44B$4.63B$4.10B$4.26B$4.67B$4.91B$4.43B$4.31B$4.78B$4.99B$4.53B$4.24B$4.51B$4.76B$4.33B$4.12B$4.33B$4.42B$3.75B$3.66B$3.73B$2.87B$3.47B$3.74B$3.96B
Low Forecast$4.01B$4.23B$4.43B$3.92B$3.80B$4.03B$4.21B$3.99B$3.75B$4.66B$4.89B$4.43B$4.22B$4.35B$4.54B$4.12B$3.86B$4.27B$4.50B$4.09B$3.89B$4.09B$4.18B$3.54B$3.46B$3.53B$2.71B$3.28B$3.54B$3.74B
# Analysts2222111494991099988889999999955
Surprise %------------1.02%1.00%1.01%1.00%1.02%1.01%1.00%1.02%1.04%1.03%1.00%1.06%1.05%1.01%1.07%0.99%1.00%0.98%

PPG Industries's average Quarter revenue forecast for Mar 24 based on 9 analysts is $4.43B, with a low forecast of $4.43B, and a high forecast of $4.43B. PPG's average Quarter revenue forecast represents a 1.88% increase compared to the company's last Quarter revenue of $4.35B (Dec 23).

PPG Industries EBITDA Forecast

Dec 26Sep 26Jun 26Mar 26Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jun 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20Jun 20Mar 20Dec 19Sep 19
# Analysts2222111494991099988889999999955
EBITDA-------------$3.36B$846.00M$545.00M$517.00M$635.00M$685.00M$543.00M$469.00M$616.00M$759.00M$651.00M$495.00M$732.00M$295.00M$475.00M$554.00M$642.00M
Avg Forecast$632.43M$666.97M$697.54M$617.44M$598.74M$635.53M$663.71M$596.86M$605.47M$689.04M$724.35M$268.06M$630.63M$685.02M$715.52M$243.69M$476.22M$654.41M$690.35M$192.64M$597.14M$627.78M$641.20M$522.46M$530.66M$541.25M$415.82M$470.97M$542.67M$574.51M
High Forecast$652.29M$687.91M$719.45M$636.83M$617.54M$655.49M$684.56M$606.29M$630.09M$690.09M$726.11M$321.68M$636.54M$706.53M$737.99M$292.43M$571.46M$667.30M$703.96M$231.17M$608.91M$640.15M$653.84M$626.95M$541.11M$551.91M$424.01M$565.17M$553.37M$585.83M
Low Forecast$593.17M$625.56M$654.24M$579.11M$561.57M$596.07M$622.51M$590.12M$554.77M$688.00M$722.59M$214.45M$623.24M$642.49M$671.10M$194.95M$380.97M$630.46M$665.09M$154.11M$575.29M$604.81M$617.73M$417.97M$511.24M$521.44M$400.60M$376.78M$522.81M$553.48M
Surprise %-------------4.91%1.18%2.24%1.09%0.97%0.99%2.82%0.79%0.98%1.18%1.25%0.93%1.35%0.71%1.01%1.02%1.12%

10 analysts predict PPG's average Quarter EBITDA for Dec 23 to be $630.63M, with a high of $636.54M and a low of $623.24M. This is -81.25% lower than PPG Industries's previous annual EBITDA (Sep 23) of $3.36B.

PPG Industries Net Income Forecast

Dec 26Sep 26Jun 26Mar 26Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jun 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20Jun 20Mar 20Dec 19Sep 19
# Analysts2222111494991099988889999999955
Net Income------------$90.00M$426.00M$490.00M$264.00M$238.00M$329.00M$441.00M$18.00M$278.00M$344.00M$431.00M$378.00M$272.00M$442.00M$102.00M$243.00M$292.00M$367.00M
Avg Forecast$485.05M$612.79M$690.27M$502.10M$441.92M$548.06M$613.62M$460.93M$389.30M$503.00M$583.06M$19.46M$348.93M$453.67M$500.89M$17.69M$290.40M$390.49M$408.05M$13.98M$277.66M$375.86M$517.76M$303.36M$373.00M$432.08M$164.50M$240.94M$315.44M$379.43M
High Forecast$504.85M$637.81M$718.45M$522.60M$459.96M$570.44M$638.67M$479.37M$403.20M$504.54M$583.70M$23.35M$360.56M$472.19M$521.34M$21.22M$348.48M$400.49M$418.50M$16.78M$284.77M$385.49M$531.02M$364.04M$382.56M$443.15M$168.72M$289.13M$323.52M$389.15M
Low Forecast$445.90M$563.34M$634.56M$461.58M$406.25M$503.83M$564.10M$440.19M$382.35M$501.46M$582.41M$15.56M$339.62M$417.06M$460.46M$14.15M$232.32M$371.91M$388.63M$11.19M$264.45M$357.98M$493.12M$242.69M$355.25M$411.52M$156.68M$192.75M$300.43M$361.38M
Surprise %------------0.26%0.94%0.98%14.93%0.82%0.84%1.08%1.29%1.00%0.92%0.83%1.25%0.73%1.02%0.62%1.01%0.93%0.97%

PPG Industries's average Quarter net income forecast for Mar 24 is $19.46M, with a range of $15.56M to $23.35M. PPG's average Quarter net income forecast represents a -78.38% decrease compared to the company's last Quarter net income of $90.00M (Dec 23).

PPG Industries SG&A Forecast

Dec 26Sep 26Jun 26Mar 26Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jun 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20Jun 20Mar 20Dec 19Sep 19
# Analysts2222111494991099988889999999955
SG&A------------$1.11B$1.05B$1.07B$1.18B$955.00M$931.00M$982.00M$974.00M$1.03B$950.00M$955.00M$891.00M$882.00M$836.00M$766.00M$905.00M$894.00M$887.00M
Avg Forecast$1.00B$1.06B$1.11B$979.80M$950.11M$1.01B$1.05B$947.13M$960.80M$1.09B$1.15B$1.05B$1.00B$1.09B$1.14B$957.09M$1.05B$1.04B$1.09B$756.59M$946.94M$995.53M$1.02B$715.07M$841.51M$858.31M$659.41M$897.33M$860.57M$911.05M
High Forecast$1.04B$1.09B$1.14B$1.01B$979.95M$1.04B$1.09B$962.09M$999.87M$1.10B$1.15B$1.26B$1.01B$1.12B$1.17B$1.15B$1.26B$1.06B$1.12B$907.91M$965.61M$1.02B$1.04B$858.08M$858.10M$875.23M$672.40M$1.08B$877.53M$929.01M
Low Forecast$941.27M$992.68M$1.04B$918.97M$891.13M$945.89M$987.84M$936.44M$880.35M$1.09B$1.15B$842.24M$989.00M$1.02B$1.06B$765.67M$839.93M$999.78M$1.05B$605.27M$912.29M$959.10M$979.60M$572.06M$810.72M$826.90M$635.27M$717.86M$829.07M$877.71M
Surprise %------------1.11%0.96%0.94%1.23%0.91%0.90%0.90%1.29%1.09%0.95%0.94%1.25%1.05%0.97%1.16%1.01%1.04%0.97%

PPG Industries's average Quarter SG&A projection for Mar 24 is $1.05B, based on 9 Wall Street analysts, with a range of $842.24M to $1.26B. The forecast indicates a -5.49% fall compared to PPG last annual SG&A of $1.11B (Dec 23).

PPG Industries EPS Forecast

Dec 26Sep 26Jun 26Mar 26Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jun 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20Jun 20Mar 20Dec 19Sep 19
# Analysts2222111494991099988889999999955
EPS------------$0.38$1.80$2.08$1.12$1.01$1.40$1.86$0.08$1.17$1.45$1.81$1.59$1.15$1.87$0.43$1.03$1.23$1.55
Avg Forecast$2.07$2.62$2.95$2.14$1.89$2.34$2.62$1.97$1.66$2.15$2.49$1.86$1.49$1.94$2.14$1.45$1.13$1.66$1.73$1.11$1.18$1.59$2.20$1.57$1.58$1.83$0.70$1.18$1.34$1.61
High Forecast$2.15$2.72$3.07$2.23$1.96$2.43$2.73$2.05$1.72$2.15$2.49$1.86$1.54$2.02$2.23$1.47$1.17$1.70$1.78$1.14$1.21$1.64$2.25$1.61$1.62$1.88$0.72$1.21$1.37$1.65
Low Forecast$1.90$2.40$2.71$1.97$1.73$2.15$2.41$1.88$1.63$2.14$2.49$1.86$1.45$1.78$1.97$1.44$1.04$1.58$1.65$1.06$1.12$1.52$2.09$1.49$1.51$1.75$0.66$1.12$1.27$1.53
Surprise %------------0.26%0.93%0.97%0.77%0.89%0.85%1.07%0.07%0.99%0.91%0.82%1.01%0.73%1.02%0.62%0.87%0.92%0.96%

According to 9 Wall Street analysts, PPG Industries's projected average Quarter EPS for Mar 24 is $1.86, with a low estimate of $1.86 and a high estimate of $1.86. This represents a 390.02% increase compared to PPG previous annual EPS of $0.38 (Dec 23).

PPG Industries Peer Comparison by Price Target

TickerCompanyLast Closing PriceAvg Price TargetUpside/DownsideAvg Rating
ALBAlbemarle$103.53$184.5578.26%Buy
PPGPPG Industries$122.53$160.6531.11%Buy
WLKWestlake$126.66$159.6726.06%Hold
LYBLyondellBasell Industries$82.65$101.6522.99%Hold
KWRQuaker Chemical$167.71$192.5014.78%Buy
FULH.B. Fuller Company$75.96$85.6012.69%Buy
MTXMinerals$80.67$90.0011.57%Buy
EMNEastman Chemical Company$101.61$109.617.87%Buy
ECLEcolab$245.24$253.253.27%Buy
APDAir Products and Chemicals$317.10$315.87-0.39%Buy
LINLinde$449.10$426.24-5.09%Buy
SHWSherwin-Williams Company$378.99$354.89-6.36%Buy

PPG Forecast FAQ

Is PPG Industries a good buy?

Yes, according to 21 Wall Street analysts, PPG Industries (PPG) is considered a 'Buy'. The rating consensus is based on 0 'Strong Buy' and 12 'Buy' recommendations, accounting for 57.14% of PPG's total ratings.

What is PPG's price target?

PPG Industries (PPG) average price target is $160.65 with a range of $136 to $194, implying a 31.11% from its last price of $122.53. The data is based on 21 Wall Street analysts who provided a twelve-month price target estimate in the last three months.

Will PPG Industries stock go up soon?

According to Wall Street analysts' prediction for PPG stock, the company can go up by 31.11% (from the last price of $122.53 to the average price target of $160.65), up by 58.33% based on the highest stock price target, and up by 10.99% based on the lowest stock price target.

Can PPG Industries stock reach $200?

PPG's average twelve months analyst stock price target of $160.65 does not support the claim that PPG Industries can reach $200 in the near future.

What is PPG Industries's current price target trend?

2 Wall Street analysts forecast a $145.5 price target for PPG Industries (PPG) this month, up 18.75% from its last price of $122.53. Compared to the last 3 and 12 months, the average price target increased by 23.78% and increased by 24.67%, respectively.

What are PPG Industries's analysts' financial forecasts?

PPG Industries's analysts financial forecasts for the fiscal year (Dec 2025) are as follows: average revenue is $16.88B (high $17.35B, low $16.04B), average EBITDA is $2.49B (high $2.56B, low $2.37B), average net income is $2.06B (high $2.15B, low $1.91B), average SG&A $3.96B (high $4.07B, low $3.76B), and average EPS is $8.81 (high $9.17, low $8.17). PPG's analysts financial forecasts for the fiscal year (Dec 2026) are as follows: average revenue is $17.69B (high $18.25B, low $16.59B), average EBITDA is $2.61B (high $2.7B, low $2.45B), average net income is $2.29B (high $2.38B, low $2.11B), average SG&A $4.15B (high $4.28B, low $3.89B), and average EPS is $9.77 (high $10.17, low $8.99).

Did the PPG's actual financial results beat the analysts' financial forecasts?

Based on PPG Industries's last annual report (Dec 2023), the company's revenue was $18.25B, beating the average analysts forecast of $18.14B by 0.58%. Apple's EBITDA was $0, missing the average prediction of $2.27B by -100.00%. The company's net income was $1.27B, missing the average estimation of $1.32B by -3.87%. Apple's SG&A was $4.44B, beating the average forecast of $4.18B by 6.26%. Lastly, the company's EPS was $5.38, missing the average prediction of $7.02 by -23.33%. In terms of the last quarterly report (Dec 2023), PPG Industries's revenue was $4.35B, beating the average analysts' forecast of $4.27B by 1.93%. The company's EBITDA was $0, missing the average prediction of $630.63M by -100.00%. PPG Industries's net income was $90M, missing the average estimation of $348.93M by -74.21%. The company's SG&A was $1.11B, beating the average forecast of $1B by 11.32%. Lastly, the company's EPS was $0.38, missing the average prediction of $1.49 by -74.48%