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Investing.com - Bernstein SocGen Group raised its price target on PPG Industries (NYSE:PPG) to $140.00 from $139.00 on Wednesday, while maintaining an Outperform rating on the stock. According to InvestingPro data, analyst targets for PPG (WA:IBSP) range from $112 to $145, with the company currently trading at a P/E ratio of 19x.
The research firm made the adjustment following a 5% decline in PPG shares since the company reported its second-quarter 2025 results. Bernstein SocGen indicated it does not believe the stock’s recent weakness is due to fundamental reasons. The company maintains strong fundamentals, with InvestingPro data showing a 54-year track record of consecutive dividend increases and a healthy 41.7% gross profit margin.
The firm made minor revisions to its financial model, increasing its fiscal year 2025 earnings per share estimate by 2 cents and its fiscal year 2026 earnings per share estimate by 1 cent.
Bernstein SocGen maintained its valuation methodology of 17 times next-twelve-months price-to-earnings ratio, resulting in the $1 increase to its price target.
The firm stated that it sees "more upside" potential for PPG shares following the recent price decline, supporting its decision to reiterate the Outperform rating.
In other recent news, PPG Industries reported its Q2 2025 earnings, revealing a minor miss on earnings per share (EPS) but exceeding revenue expectations. The company posted an EPS of $2.22, slightly below the forecasted $2.23, while revenue reached $4.2 billion, surpassing the anticipated $4.16 billion. Despite the revenue beat, the minor EPS miss and regional demand challenges have drawn investor attention. Additionally, BMO Capital has adjusted its price target for PPG Industries to $130, down from $131, while maintaining an Outperform rating. The firm acknowledged PPG Industries’ capability to drive core top-line and volume growth, even in a challenging environment. These developments highlight the mixed reactions from the market and analysts regarding PPG Industries’ recent performance.
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