Robert W. Baird analyst Ghansham Panjabi maintained a Buy rating on PPG Industries (NYSE:PPG) on Thursday, setting a price target of $160, which is approximately 4.43% below the present share price of $167.41.
Panjabi expects PPG Industries to post earnings per share (EPS) of $1.59 for the second quarter of 2021.
The current consensus among 10 TipRanks analysts is for a Strong Buy rating of shares in PPG Industries, with an average price target of $164.5.
The analysts price targets range from a high of $185 to a low of $145.
In its latest earnings report, released on 03/31/2021, the company reported a quarterly revenue of $3.88 billion and a net profit of $527 million. The company's market cap is $39.67 billion.
According to TipRanks.com, Robert W. Baird analyst Ghansham Panjabi is currently ranked with 5 stars on a 0-5 stars ranking scale, with an average return of 18.4% and a 78.68% 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.