PPG Industries Stock Forecast

Stock Price Forecast

The 14 analysts with 12-month price forecasts for PPG Industries stock have an average target of 154.07, with a low estimate of 140 and a high estimate of 165. The average target predicts an increase of 20.33% from the current stock price of 128.04.

Analyst Consensus: Buy

Target	Low	Average	Median	High
Price	$140	$154.07	$155	$165
Change	+9.34%	+20.33%	+21.06%	+28.87%

Analyst Ratings

The average analyst rating for PPG Industries stock from 17 stock analysts is "Buy". This means that analysts believe this stock is likely to outperform the market over the next twelve months.

Recommendation Trends

Rating	Feb '24	Mar '24	Apr '24	May '24	Jun '24	Jul '24
Strong Buy	6	5	6	6	6	5
Buy	5	5	5	5	5	4
Hold	4	6	7	7	7	7
Sell	1	1	1	1	1	1
Strong Sell	0	0	0	0	0	0
Total	16	17	19	19	19	17

Latest Forecasts

Analyst	Firm	Rating	Rating	Action	Price Target	Upside	Date
Joshua Spector UBS	UBS	Hold Maintains $140 → $142	Hold	Maintains	$140 → $142	+10.90%	Jul 19, 2024
Joshua Spector UBS	UBS	Hold Maintains $150 → $140	Hold	Maintains	$150 → $140	+9.34%	Jul 9, 2024
John McNulty BMO Capital	BMO Capital	Buy Maintains $168 → $165	Buy	Maintains	$168 → $165	+28.87%	Apr 23, 2024
Michael Harrison Seaport Global	Seaport Global	Hold → Strong Buy Initiates n/a	Hold → Strong Buy	Initiates	n/a	n/a	Apr 22, 2024
Arun Viswanathan RBC Capital	RBC Capital	Hold Maintains $156 → $141	Hold	Maintains	$156 → $141	+10.12%	Apr 22, 2024

More Analyst Ratings

Financial Forecast

Revenue This Year

18.68B

from 18.25B

2.36%

from 18.25B

Revenue Next Year

19.30B

from 18.68B

3.36%

from 18.68B

EPS This Year

8.52

from 5.35

59.34%

from 5.35

EPS Next Year

9.42

from 8.52

10.47%

from 8.52

Year	2019	2020	2021	2022	2023	2024	2025	2026	2027	2028
Revenue	15.15B	13.83B	16.80B	17.65B	18.25B	18.68B	19.30B	20.09B	20.80B	21.41B
Revenue Growth	-1.48%	-8.66%	21.45%	5.06%	3.37%	2.36%	3.36%	4.07%	3.51%	2.95%
EPS	5.22	4.45	6.01	4.32	5.35	8.52	9.42	10.29	10.15	10.33
EPS Growth	-4.57%	-14.75%	35.06%	-28.12%	23.84%	59.34%	10.47%	9.25%	-1.38%	1.79%
Forward PE	-	-	-	-	-	15.02	13.60	12.45	12.62	12.40
No. Analysts	-	-	-	-	-	29	29	16	3	3

Historical EPS numbers are GAAP, while forecasted numbers may be non-GAAP.

Revenue Forecast

Revenue	2024	2025	2026	2027	2028
High	19.6B	20.4B	21.4B	22.2B	23.2B
Avg	18.7B	19.3B	20.1B	20.8B	21.4B
Low	17.9B	18.2B	18.8B	19.6B	19.9B

Revenue Growth

Revenue Growth	2024	2025	2026	2027	2028
High	7.5%	9.3%	10.8%	10.5%	11.3%
Avg	2.4%	3.4%	4.1%	3.5%	3.0%
Low	-1.7%	-2.3%	-2.4%	-2.2%	-4.1%

EPS Forecast

EPS	2024	2025	2026	2027	2028
High	9.20	10.55	11.76	10.64	10.96
Avg	8.52	9.42	10.29	10.15	10.33
Low	8.14	8.64	9.17	9.76	9.81

EPS Growth

EPS Growth	2024	2025	2026	2027	2028
High	71.9%	23.8%	24.9%	3.4%	8.0%
Avg	59.3%	10.5%	9.2%	-1.4%	1.8%
Low	52.2%	1.4%	-2.6%	-5.1%	-3.3%

Sources: Price targets and analyst ratings provided by Benzinga. Revenue and EPS forecast data provided by Finnhub. The data is sourced from Wall Street analysts. Data disclaimer.