Ashland Global (NYSE:ASH) updated its first quarter 2019 earnings guidance on Tuesday. The company provided earnings per share guidance of $0.55-0.65 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $0.54. Ashland Global also updated its FY 2019 guidance to $4.20-4.40 EPS.
A number of equities research analysts have issued reports on the company. Credit Suisse Group set a $95.00 price target on Ashland Global and gave the stock a buy rating in a research note on Sunday. Zacks Investment Research lowered Ashland Global from a hold rating to a strong sell rating in a research note on Tuesday, October 9th. UBS Group increased their price target on Ashland Global from $93.00 to $96.00 and gave the stock a buy rating in a research note on Tuesday, October 2nd. JPMorgan Chase & Co. increased their price target on Ashland Global from $81.00 to $87.00 and gave the stock a neutral rating in a research note on Friday, August 24th. Finally, KeyCorp reiterated a buy rating and issued a $93.00 price target on shares of Ashland Global in a research note on Thursday, August 2nd. One research analyst has rated the stock with a sell rating, two have given a hold rating and ten have issued a buy rating to the company’s stock. The stock presently has an average rating of Buy and an average target price of $90.00.
ASH stock traded up $6.13 during trading on Wednesday, reaching $83.97. The company’s stock had a trading volume of 2,377,900 shares, compared to its average volume of 755,558. Ashland Global has a 1 year low of $64.13 and a 1 year high of $86.63. The firm has a market capitalization of $4.76 billion, a PE ratio of 34.41, a PEG ratio of 1.93 and a beta of 1.28. The company has a debt-to-equity ratio of 0.72, a quick ratio of 1.37 and a current ratio of 2.25.
In other Ashland Global news, VP Keith C. Silverman sold 2,286 shares of the stock in a transaction dated Tuesday, September 18th. The shares were sold at an average price of $84.71, for a total transaction of $193,647.06. Following the completion of the transaction, the vice president now owns 4,183 shares of the company’s stock, valued at approximately $354,341.93. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.14% of the stock is owned by corporate insiders.
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About Ashland Global
Ashland Global Holdings Inc provides specialty chemical solutions worldwide. Its Specialty Ingredients segment provides products, technologies, and resources for solving formulation and product-performance challenges. It offers solutions using natural, synthetic, and semisynthetic polymers derived from plant and seed extract, cellulose ethers, vinyl pyrrolidones, and acrylic polymers, as well as polyester and polyurethane-based adhesives.
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