Ashland Global Holdings Inc. (ASH) Receives $85.33 Average PT from Analysts
Shares of Ashland Global Holdings Inc. (NYSE:ASH) have received a consensus rating of “Hold” from the twelve analysts that are presently covering the company, Marketbeat reports. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and five have assigned a buy rating to the company. The average twelve-month price objective among brokers that have issued ratings on the stock in the last year is $85.33.
A number of brokerages have weighed in on ASH. Monness Crespi & Hardt downgraded Ashland Global from a “buy” rating to a “neutral” rating in a report on Wednesday, January 31st. Zacks Investment Research upgraded Ashland Global from a “sell” rating to a “hold” rating in a report on Tuesday, January 30th. Seaport Global Securities reiterated a “buy” rating and set a $81.00 price target on shares of Ashland Global in a report on Wednesday, January 31st. Credit Suisse Group increased their price target on Ashland Global from $69.00 to $74.00 and gave the stock a “neutral” rating in a report on Wednesday, January 31st. Finally, Jefferies Group reiterated a “buy” rating on shares of Ashland Global in a report on Tuesday, January 30th.
In other news, CFO J Kevin Willis sold 1,352 shares of the firm’s stock in a transaction dated Wednesday, November 15th. The stock was sold at an average price of $66.23, for a total value of $89,542.96. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider Peter Ganz sold 3,379 shares of the firm’s stock in a transaction dated Monday, November 20th. The shares were sold at an average price of $70.63, for a total value of $238,658.77. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 41,077 shares of company stock valued at $2,949,366. 1.14% of the stock is currently owned by company insiders.
Shares of Ashland Global (NYSE:ASH) traded down $1.66 during trading on Friday, reaching $71.00. The company’s stock had a trading volume of 710,982 shares, compared to its average volume of 1,347,601. The company has a debt-to-equity ratio of 0.76, a quick ratio of 1.29 and a current ratio of 1.96. Ashland Global has a 52-week low of $58.40 and a 52-week high of $77.16. The firm has a market cap of $4,520.00, a P/E ratio of -93.42, a P/E/G ratio of 2.30 and a beta of 1.14.
Ashland Global (NYSE:ASH) last issued its quarterly earnings results on Monday, January 29th. The basic materials company reported $0.42 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.43 by ($0.01). Ashland Global had a positive return on equity of 7.14% and a negative net margin of 0.08%. The business had revenue of $842.00 million for the quarter, compared to analyst estimates of $842.05 million. During the same quarter in the previous year, the business posted $1.16 earnings per share. analysts forecast that Ashland Global will post 3.2 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Thursday, March 15th. Stockholders of record on Thursday, March 1st will be paid a $0.225 dividend. The ex-dividend date is Wednesday, February 28th. This represents a $0.90 annualized dividend and a dividend yield of 1.27%. Ashland Global’s dividend payout ratio is presently -118.42%.
Ashland Global 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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