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See what the IHS Markit Score report has to say about PPG Industries Inc.

IHS Markit

PPG Industries Inc

NYSE:PPG

Score: Negative (10)

4 days at current score.

Downgraded from Neutral on November 10th 2018

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Summary


  • This company ranked negatively compared to the Basic Materials sector with 2 negative IHS Markit Categories
  • Perception of the company's creditworthiness is negative
  • ETFs holding this stock are seeing positive inflows
  • Bearish sentiment is moderate and increasing
  • Economic output in this company's sector is contracting


Bearish sentiment

Short interest | Neutral

Short interest is moderate for PPG with between 5 and 10% of shares outstanding currently on loan. This represents an increase in short interest as investors who seek to profit from falling equity prices added to their short positions on November 9.

Money flow

ETF/Index ownership | Positive

ETF activity is positive. Over the last month, growth of ETFs holding PPG is favorable, with net inflows of $12.04 billion. This is among the highest net inflows seen over the last one-year and the rate of additional inflows appears to be increasing.

Economic sentiment

PMI by IHS Markit | Negative

According to the latest IHS Markit Purchasing Managers’ Index (PMI) data, output in the Basic Materialsis falling. The rate of decline is very significant relative to the trend shown over the past year, and is accelerating. The rate of contraction may ease in the coming months, however.

Credit worthiness

Credit default swap | Negative

The current level displays a negative indicator. PPG credit default swap spreads are near their highest levels for the past 1 year, which indicates the market's more negative perception of the company's credit worthiness.

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