
PPG Industries (PPG) Stock Forecast & Price Target
PPG Industries (PPG) Analyst Ratings
Bulls say
PPG Industries is positioned for a positive outlook due to anticipated volume growth returning in the first quarter of 2025, driven by strong organic growth across its various segments, particularly in refinish and aerospace, backed by significant demand and substantial backlogs. The company's focus on margin improvement through raw material deflation and manufacturing savings initiatives is expected to yield approximately $150 million in savings over three years, enhancing profitability. Additionally, global economic recovery, especially in Europe and China, along with strategic acquisitions such as Comex, could lead to an increase in EBITDA towards $3.4 billion, reinforcing PPG's financial strength moving forward.
Bears say
PPG Industries has issued guidance indicating lower-than-expected earnings per share (EPS) for the fourth quarter and fiscal year 2024, primarily due to diminished automotive production and disappointing demand in the industrial sector, particularly in North America and Europe. Despite growth opportunities in emerging markets like India and China, the lack of volume growth alongside rising raw material costs and a challenging pricing environment could lead to earnings compression. Furthermore, a suboptimal customer mix, particularly impacted by slowdowns among certain Original Equipment Manufacturers (OEMs) in the U.S. and Canada, contributes to PPG's underperformance relative to industry peers.
This aggregate rating is based on analysts' research of PPG Industries and is not a guaranteed prediction by Public.com or investment advice.
PPG Industries (PPG) Analyst Forecast & Price Prediction
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