News headlines about Ashland Global Holdings (NYSE:ASH) have trended somewhat positive this week, according to Accern Sentiment. The research group identifies positive and negative news coverage by monitoring more than twenty million news and blog sources in real time. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. Ashland Global Holdings earned a media sentiment score of 0.12 on Accern’s scale. Accern also assigned press coverage about the basic materials company an impact score of 46.1028450812089 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the next several days.
These are some of the news stories that may have impacted Accern’s scoring:
- ASHLAND GLOBAL HOLDINGS INC. (NYSE:ASH) Files An 8-K Financial Statements and Exhibits (4-traders.com)
- Ashland declares force majeure in Europe on 1.4 butanediol, tetrahydrofuran and formaldehyde after fire shuts down production at manufacturing facility in Marl, Germany (finance.yahoo.com)
- BRIEF-Ashland Global Holdings declared force majeure in Europe on 1.4 BDO, THF and formaldehyde (feeds.reuters.com)
- Ashland Global Holdings Inc. (NYSE:ASH) Traded -5.6% Below Its 50 Day Average (highlightpress.com)
Several analysts have recently commented on the stock. TheStreet downgraded shares of Ashland Global Holdings from a “b” rating to a “c+” rating in a report on Tuesday, August 1st. Deutsche Bank AG lowered their target price on shares of Ashland Global Holdings from $75.00 to $74.00 and set a “buy” rating for the company in a report on Thursday, August 3rd. Zacks Investment Research downgraded shares of Ashland Global Holdings from a “hold” rating to a “strong sell” rating in a report on Thursday, August 3rd. BidaskClub downgraded shares of Ashland Global Holdings from a “buy” rating to a “hold” rating in a report on Tuesday, August 1st. Finally, ValuEngine downgraded shares of Ashland Global Holdings from a “buy” rating to a “hold” rating in a report on Friday, June 2nd. Two analysts have rated the stock with a sell rating, three have issued a hold rating and three have given a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average price target of $88.33.
Shares of Ashland Global Holdings (NYSE ASH) opened at 60.82 on Friday. The stock’s market cap is $3.80 billion. Ashland Global Holdings has a 12-month low of $51.61 and a 12-month high of $67.90. The company’s 50-day moving average is $65.25 and its 200-day moving average is $62.33.
Ashland Global Holdings (NYSE:ASH) last issued its quarterly earnings results on Tuesday, August 1st. The basic materials company reported $0.83 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.70 by $0.13. Ashland Global Holdings had a positive return on equity of 10.62% and a negative net margin of 4.71%. The company had revenue of $870 million for the quarter, compared to the consensus estimate of $842.78 million. During the same quarter in the prior year, the business earned $1.95 EPS. Ashland Global Holdings’s revenue was up 10.1% on a year-over-year basis. On average, equities research analysts anticipate that Ashland Global Holdings will post $4.25 earnings per share for the current year.
The business also recently declared a quarterly dividend, which will be paid on Friday, September 15th. Shareholders of record on Friday, September 1st will be issued a dividend of $0.225 per share. The ex-dividend date is Wednesday, August 30th. This represents a $0.90 annualized dividend and a yield of 1.48%. Ashland Global Holdings’s dividend payout ratio (DPR) is -25.42%.
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About Ashland Global Holdings
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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