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RBC Capital Remains a Hold on PPG Industries (PPG)

Tipranks - Tipranks - Thu Jan 8, 8:00PM CST

In a report released on January 6, Arun Viswanathan from RBC Capital maintained a Hold rating on PPG Industries, with a price target of $109.00. The company’s shares closed yesterday at $105.64.

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Viswanathan covers the Basic Materials sector, focusing on stocks such as Linde, Celanese, and Eastman Chemical. According to TipRanks, Viswanathan has an average return of 0.0% and a 51.40% success rate on recommended stocks.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for PPG Industries with a $117.92 average price target, an 11.62% upside from current levels. In a report released on December 22, Morgan Stanley also maintained a Hold rating on the stock with a $120.00 price target.

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Based on PPG Industries’ latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of $4.08 billion and a net profit of $453 million. In comparison, last year the company earned a revenue of $4.58 billion and had a net profit of $468 million

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