3 Reasons to Buy PPG Industries Stock in 2023

PPG Industries, Inc. is a global supplier of paints, coatings, optical products, specialty materials, and glass. The company has a market capitalization of over $30 billion and is a component of the S&P 500 index.

PPG Industries stock has been on a tear in recent years, outperforming the broader market. The stock has gained over 50% in the past five years, and it is up over 20% in the past year.

There are a number of reasons to believe that PPG Industries stock will continue to perform well in 2023.

1. Strong demand for PPG Industries' products

PPG Industries' products are used in a wide range of applications, including automotive, aerospace, construction, and industrial. The demand for these products is expected to grow in the coming years, as the global economy continues to recover from the COVID-19 pandemic.

According to a report by Grand View Research, the global paints and coatings market is expected to grow from $138.7 billion in 2021 to $190.5 billion by 2028. This growth is being driven by the increasing demand for paints and coatings in developing countries, such as China and India.

2. PPG Industries' strong financial performance

PPG Industries has a strong financial track record. The company has consistently generated positive earnings and cash flow. In 2022, PPG Industries reported earnings per share of $7.18 and free cash flow of $1.6 billion.

PPG Industries' strong financial performance has allowed the company to invest in new products and technologies. The company has also been able to increase its dividends and share buybacks.

3. PPG Industries' commitment to sustainability

PPG Industries is committed to sustainability. The company has set a goal of reducing its greenhouse gas emissions by 35% by 2030. PPG Industries is also working to reduce its water usage and waste generation.

PPG Industries' commitment to sustainability is in line with the growing demand for sustainable products and services. This demand is being driven by consumers, businesses, and governments.

Conclusion

PPG Industries stock is a solid investment for 2023. The company has a strong demand for its products, a strong financial track record, and a commitment to sustainability.

FAQs

1. What is PPG Industries' stock symbol?

PPG Industries' stock symbol is PPG.

2. What is PPG Industries' market capitalization?

PPG Industries' market capitalization is over $30 billion.

3. What is PPG Industries' dividend yield?

PPG Industries' dividend yield is 1.4%.

4. Is PPG Industries a good investment?

Yes, PPG Industries is a good investment. The company has a strong demand for its products, a strong financial track record, and a commitment to sustainability.

5. What are some of the risks associated with investing in PPG Industries stock?

Some of the risks associated with investing in PPG Industries stock include:

• Economic downturn: A downturn in the global economy could reduce demand for PPG Industries' products.
• Competition: PPG Industries faces competition from a number of large and well-established companies.
• Environmental regulations: PPG Industries is subject to a number of environmental regulations, which could increase its costs.

6. What is PPG Industries' target price?

Analysts have a target price of $135 for PPG Industries stock.

7. What is PPG Industries' fair value?

PPG Industries' fair value is $125 per share.

8. Is PPG Industries stock overvalued?

PPG Industries stock is not overvalued. The company's stock price is trading at a discount to its fair value.

Tables

Table 1. PPG Industries' Financial Statements

Table 2. PPG Industries' Stock Performance

Table 3. PPG Industries' Competitors

Table 4. PPG Industries' ESG Performance