PPG Industries, Inc. (PPG)
NYSE: PPG · IEX Real-Time Price · USD
144.54
+2.72 (1.92%)
Mar 27, 2024, 4:00 PM EDT - Market closed

PPG Industries Stock Forecast

Stock Price Forecast

The 15 analysts with 12-month price forecasts for PPG Industries stock have an average target of 157.33, with a low estimate of 140 and a high estimate of 167. The average target predicts an increase of 8.85% from the current stock price of 144.54.

Analyst Consensus: Buy
Target Low Average Median High
Price $140 $157.33 $156 $167
Change -3.14% +8.85% +7.93% +15.54%

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 Oct '23Nov '23Dec '23Jan '24Feb '24Mar '24
Strong Buy 666765
Buy 555555
Hold 555446
Sell 111111
Strong Sell 000000
Total 171717171617

Latest Forecasts

Analyst Firm Rating Rating Action Price Target Upside Date
UBS
UBS
Hold
Downgrades
$173$156
Hold Downgrades $173$156 +7.93% Mar 7, 2024
Wolfe Research
Wolfe Research
Hold
Initiates
n/a
Hold Initiates n/a n/a Mar 1, 2024
Barclays
Barclays
Hold
Downgrades
$163$149
Hold Downgrades $163$149 +3.09% Feb 27, 2024
RBC Capital
RBC Capital
Hold
Maintains
$158$156
Hold Maintains $158$156 +7.93% Jan 22, 2024
Baird
Baird
Buy
Maintains
$150$160
Buy Maintains $150$160 +10.70% Jan 22, 2024
More Analyst Ratings

Financial Forecast

Revenue This Year
18.88B
from 18.25B
Increased by 3.46%
Revenue Next Year
19.54B
from 18.88B
Increased by 3.53%
EPS This Year
8.58
from 5.35
Increased by 60.44%
EPS Next Year
9.44
from 8.58
Increased by 9.93%
Year 2019202020212022202320242025202620272028
Revenue
15.15B13.83B16.80B17.65B18.25B18.88B19.54B20.33B20.67B21.28B
Revenue Growth
-1.48%-8.66%21.45%5.06%3.37%3.46%3.53%4.00%1.70%2.93%
EPS
5.224.456.014.325.358.589.449.5310.5310.99
EPS Growth
-4.57%-14.75%35.06%-28.12%23.84%60.44%9.93%0.99%10.54%4.31%
No. Analysts -----28251622
Historical EPS numbers are GAAP, while forecasted numbers may be non-GAAP.

Revenue Forecast

Revenue 20242025202620272028
High 19.8B 20.8B 21.8B 22.6B 23.4B
Avg 18.9B 19.5B 20.3B 20.7B 21.3B
Low 18.1B 18.5B 19.0B 19.4B 19.8B

Revenue Growth

Revenue Growth 20242025202620272028
High
8.8%
10.0%
11.5%
11.1%
13.4%
Avg
3.5%
3.5%
4.0%
1.7%
2.9%
Low
-0.9%
-1.7%
-3.0%
-4.6%
-4.3%

EPS Forecast

EPS 20242025202620272028
High 9.43 10.37 11.18 10.95 11.42
Avg 8.58 9.44 9.53 10.53 10.99
Low 8.14 8.66 -1.57 10.22 10.66

EPS Growth

EPS Growth 20242025202620272028
High
76.2%
20.9%
18.5%
14.9%
8.4%
Avg
60.4%
9.9%
1.0%
10.5%
4.3%
Low
52.2%
0.9%
-
7.3%
1.2%
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.