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RBC Capital Keeps Their Hold Rating on PPG Industries (PPG)

Tipranks - Tipranks - Sat Jun 6, 9:00PM CDT

RBC Capital analyst Arun Viswanathan maintained a Hold rating on PPG Industries on June 4 and set a price target of $119.00. The company’s shares closed yesterday at $111.96.

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Viswanathan covers the Basic Materials sector, focusing on stocks such as PPG Industries, RPM International, and Sherwin-Williams Company. According to TipRanks, Viswanathan has an average return of 1.6% and a 49.40% success rate on recommended stocks.

Currently, the analyst consensus on PPG Industries is a Moderate Buy with an average price target of $122.27.

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Based on PPG Industries’ latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of $3.93 billion and a net profit of $382 million. In comparison, last year the company earned a revenue of $3.68 billion and had a net profit of $373 million

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