Ashland Global (NYSE:ASH) Lowered to “C” at TheStreet
Ashland Global (NYSE:ASH) was downgraded by equities researchers at TheStreet from a “b” rating to a “c” rating in a report released on Monday, TheStreetRatingsTable reports.
A number of other equities research analysts also recently commented on the stock. ValuEngine downgraded shares of Ashland Global from a “buy” rating to a “hold” rating in a research report on Saturday, May 18th. Zacks Investment Research downgraded shares of Ashland Global from a “hold” rating to a “sell” rating in a research report on Friday, May 3rd. One analyst has rated the stock with a sell rating, one has issued a hold rating and eight have issued a buy rating to the company. Ashland Global currently has a consensus rating of “Buy” and an average target price of $89.15.
Shares of ASH opened at $78.40 on Monday. Ashland Global has a fifty-two week low of $64.93 and a fifty-two week high of $86.63. The stock has a market cap of $4.88 billion, a PE ratio of 21.90, a price-to-earnings-growth ratio of 2.60 and a beta of 1.27. The company has a debt-to-equity ratio of 0.68, a current ratio of 2.27 and a quick ratio of 1.62.
In other Ashland Global news, insider Peter Ganz sold 1,562 shares of the stock in a transaction dated Monday, May 6th. The shares were sold at an average price of $74.32, for a total value of $116,087.84. Following the completion of the transaction, the insider now directly owns 40,150 shares of the company’s stock, valued at $2,983,948. The sale was disclosed in a filing with the SEC, which is available at this link. Also, insider William J. Heitman sold 7,203 shares of the stock in a transaction dated Monday, April 15th. The shares were sold at an average price of $79.49, for a total transaction of $572,566.47. Following the completion of the transaction, the insider now directly owns 6,303 shares of the company’s stock, valued at $501,025.47. The disclosure for this sale can be found here. In the last 90 days, insiders sold 17,221 shares of company stock valued at $1,359,296. 1.14% of the stock is owned by insiders.
Institutional investors have recently modified their holdings of the business. Northwestern Mutual Wealth Management Co. grew its stake in Ashland Global by 517.2% in the 1st quarter. Northwestern Mutual Wealth Management Co. now owns 358 shares of the basic materials company’s stock worth $28,000 after acquiring an additional 300 shares during the period. Ffcm LLC purchased a new stake in Ashland Global in the 4th quarter worth approximately $28,000. Semmax Financial Advisors Inc. purchased a new stake in Ashland Global in the 4th quarter worth approximately $28,000. Doyle Wealth Management purchased a new stake in Ashland Global in the 4th quarter worth approximately $45,000. Finally, Claybrook Capital LLC purchased a new stake in Ashland Global in the 4th quarter worth approximately $48,000. 95.11% of the stock is owned by institutional investors.
Ashland Global Company Profile
Ashland Global Holdings Inc provides specialty chemical solutions worldwide. The company's Specialty Ingredients segment offers products, technologies, and resources for solving formulation and product-performance challenges. It provides solutions using natural, synthetic, and semisynthetic polymers derived from cellulose ethers, vinyl pyrrolidones, acrylic polymers, polyester and polyurethane-based adhesives, and plant and seed extracts.
See Also: How mutual funds make money
Receive News & Ratings for Ashland Global Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Ashland Global and related companies with MarketBeat.com's FREE daily email newsletter.