Berenberg Bank analyst Anthony Manning maintained a Buy rating on PPG Industries (NYSE:PPG) on Thursday, setting a price target of $180, which is approximately 11.30% above the present share price of $161.72.
Manning expects PPG Industries to post earnings per share (EPS) of $1.45 for the fourth quarter of 2021.
The current consensus among 14 TipRanks analysts is for a Moderate Buy rating of shares in PPG Industries, with an average price target of $183.43.
The analysts price targets range from a high of $200 to a low of $165.
In its latest earnings report, released on 09/30/2021, the company reported a quarterly revenue of $4.37 billion and a net profit of $429 million. The company's market cap is $38.39 billion.
According to TipRanks.com, Berenberg Bank analyst Anthony Manning is currently ranked with 4 stars on a 0-5 stars ranking scale, with an average return of 16.4% and a 65.52% success rate.
Pennsylvania-based PPG Industries, Inc. manufactures and distributes paints, coatings, and specialty materials. It operates through two segments: Performance Coatings and Industrial Coatings.