Ashland Global Holdings Inc (NYSE:ASH) has been assigned a consensus recommendation of “Buy” from the eleven analysts that are currently covering the company, Marketbeat Ratings reports. Three equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. The average 1-year target price among brokerages that have covered the stock in the last year is $91.14.
Several analysts have weighed in on the company. ValuEngine upgraded Ultrapar Participacoes from a “strong sell” rating to a “sell” rating in a research note on Tuesday, June 4th. JPMorgan Chase & Co. set a $24.00 target price on Urovant Sciences and gave the stock a “buy” rating in a research note on Friday, June 14th. Zacks Investment Research downgraded EXACT Sciences from a “hold” rating to a “sell” rating in a research note on Tuesday, July 2nd. TheStreet downgraded Worthington Industries from a “b-” rating to a “c+” rating in a research note on Monday, June 10th. Finally, Credit Suisse Group set a $92.00 target price on Ashland Global and gave the stock a “buy” rating in a research note on Friday, July 12th.
In other news, insider Peter Ganz sold 1,562 shares of the company’s stock in a transaction dated Monday, May 6th. The stock was sold at an average price of $74.32, for a total value of $116,087.84. Following the sale, the insider now owns 40,150 shares in the company, valued at $2,983,948. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 1.14% of the stock is owned by corporate insiders.
Ashland Global stock traded down $2.10 during trading hours on Friday, hitting $75.57. 927,137 shares of the stock traded hands, compared to its average volume of 508,255. The company has a debt-to-equity ratio of 0.68, a current ratio of 2.27 and a quick ratio of 1.62. The firm’s 50 day moving average price is $77.86. The firm has a market capitalization of $4.92 billion, a PE ratio of 21.11, a price-to-earnings-growth ratio of 2.63 and a beta of 1.25. Ashland Global has a 1 year low of $64.93 and a 1 year high of $86.63.
Ashland Global (NYSE:ASH) last posted its quarterly earnings results on Tuesday, April 30th. The basic materials company reported $0.83 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.82 by $0.01. The business had revenue of $667.00 million for the quarter, compared to the consensus estimate of $680.96 million. Ashland Global had a return on equity of 5.79% and a net margin of 2.30%. The company’s quarterly revenue was down 31.5% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.06 EPS. Sell-side analysts expect that Ashland Global will post 2.98 earnings per share for the current year.
About Ashland Global
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.
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