Shares of Ashland Global Holdings Inc. (NYSE:ASH) have been assigned a consensus recommendation of “Hold” from the nine research firms that are covering the firm, Marketbeat.com reports. Two analysts have rated the stock with a sell rating, three have given a hold rating and three have issued a buy rating on the company. The average twelve-month price objective among brokers that have covered the stock in the last year is $91.20.

Several equities analysts recently weighed in on the company. TheStreet downgraded Ashland Global Holdings from a “b” rating to a “c+” rating in a research note on Tuesday, August 1st. Deutsche Bank AG lowered their target price on Ashland Global Holdings from $75.00 to $74.00 and set a “buy” rating on the stock in a report on Thursday, August 3rd. Zacks Investment Research cut Ashland Global Holdings from a “hold” rating to a “strong sell” rating in a report on Thursday, August 3rd. BidaskClub cut Ashland Global Holdings from a “buy” rating to a “hold” rating in a report on Tuesday, August 1st. Finally, ValuEngine cut Ashland Global Holdings from a “buy” rating to a “hold” rating in a report on Friday, June 2nd.

Shares of Ashland Global Holdings (NYSE ASH) traded down 0.41% on Friday, hitting $60.82. The stock had a trading volume of 1,331,040 shares. The firm’s market cap is $3.80 billion. Ashland Global Holdings has a 52-week low of $51.61 and a 52-week high of $67.90. The firm’s 50-day moving average price is $65.25 and its 200 day moving average price is $62.33.

Ashland Global Holdings (NYSE:ASH) last issued its earnings results on Tuesday, August 1st. The basic materials company reported $0.83 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.70 by $0.13. The business had revenue of $870 million during the quarter, compared to the consensus estimate of $842.78 million. Ashland Global Holdings had a positive return on equity of 10.62% and a negative net margin of 4.71%. The company’s revenue for the quarter was up 10.1% on a year-over-year basis. During the same period in the prior year, the business posted $1.95 EPS. On average, equities research analysts predict that Ashland Global Holdings will post $4.25 EPS for the current year.

The company also recently announced a quarterly dividend, which will be paid on Friday, September 15th. Investors of record on Friday, September 1st will be issued a $0.225 dividend. This represents a $0.90 dividend on an annualized basis and a yield of 1.48%. The ex-dividend date of this dividend is Wednesday, August 30th. Ashland Global Holdings’s payout ratio is currently -25.42%.

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A number of hedge funds and other institutional investors have recently modified their holdings of ASH. Dimensional Fund Advisors LP boosted its position in shares of Ashland Global Holdings by 16.4% in the second quarter. Dimensional Fund Advisors LP now owns 1,105,789 shares of the basic materials company’s stock worth $72,884,000 after buying an additional 156,008 shares during the last quarter. Parametric Portfolio Associates LLC boosted its position in shares of Ashland Global Holdings by 0.3% in the second quarter. Parametric Portfolio Associates LLC now owns 131,166 shares of the basic materials company’s stock worth $8,645,000 after buying an additional 383 shares during the last quarter. South Street Advisors LLC boosted its position in shares of Ashland Global Holdings by 0.8% in the second quarter. South Street Advisors LLC now owns 81,130 shares of the basic materials company’s stock worth $5,347,000 after buying an additional 625 shares during the last quarter. Suntrust Banks Inc. boosted its position in shares of Ashland Global Holdings by 27.0% in the second quarter. Suntrust Banks Inc. now owns 19,280 shares of the basic materials company’s stock worth $1,269,000 after buying an additional 4,097 shares during the last quarter. Finally, Pacific Alternative Asset Management Company LLC purchased a new position in shares of Ashland Global Holdings during the second quarter worth $1,401,000. Hedge funds and other institutional investors own 90.05% of the company’s stock.

Ashland Global Holdings Company Profile

Ashland Inc is engaged in specialty chemicals, and through Valvoline, is a consumer-branded lubricant supplier. The Company operates in three segments: Ashland Specialty Ingredients (Specialty Ingredients), Ashland Performance Materials (Performance Materials) and Valvoline. Its Specialty Ingredients segment is engaged in providing cellulose ethers, vinyl pyrrolidones and biofunctionals, and consists of two divisions: Consumer Specialties and Industrial Specialties.

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