Ashland Global Holdings Inc. (NYSE:ASH) has earned an average rating of “Hold” from the nine analysts that are presently covering the company, Marketbeat.com reports. One analyst has rated the stock with a sell rating, three have given a hold rating and four have given a buy rating to the company. The average 12-month target price among brokers that have updated their coverage on the stock in the last year is $89.00.
Several research analysts have recently issued reports on ASH shares. Zacks Investment Research raised Ashland Global Holdings from a “hold” rating to a “buy” rating and set a $74.00 price objective for the company in a research report on Wednesday, July 5th. BidaskClub cut Ashland Global Holdings from a “strong-buy” rating to a “buy” rating in a research report on Sunday, July 16th. Jefferies Group LLC reissued a “buy” rating and issued a $74.00 target price on shares of Ashland Global Holdings in a report on Sunday, September 3rd. Finally, TheStreet downgraded Ashland Global Holdings from a “b” rating to a “c+” rating in a report on Tuesday, August 1st.
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Shares of Ashland Global Holdings (NYSE ASH) traded up 0.70% during mid-day trading on Thursday, hitting $68.04. The stock had a trading volume of 191,782 shares. The firm has a 50 day moving average of $65.81 and a 200-day moving average of $64.32. The stock’s market cap is $4.25 billion. Ashland Global Holdings has a one year low of $59.80 and a one year high of $128.19.
Ashland Global Holdings (NYSE:ASH) last posted its quarterly earnings data on Tuesday, August 1st. The basic materials company reported $0.83 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.70 by $0.13. The firm had revenue of $870.00 million for the quarter, compared to the consensus estimate of $842.78 million. Ashland Global Holdings had a positive return on equity of 10.62% and a negative net margin of 4.71%. The company’s quarterly revenue was up 10.1% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.95 EPS. Equities research analysts expect that Ashland Global Holdings will post $4.39 earnings per share for the current fiscal year.
Institutional investors and hedge funds have recently modified their holdings of the stock. HighTower Advisors LLC raised its position in Ashland Global Holdings by 1.1% in the first quarter. HighTower Advisors LLC now owns 3,851 shares of the basic materials company’s stock valued at $476,000 after purchasing an additional 42 shares during the period. Creative Planning grew its stake in Ashland Global Holdings by 7.1% in the second quarter. Creative Planning now owns 1,527 shares of the basic materials company’s stock worth $101,000 after purchasing an additional 101 shares in the last quarter. World Asset Management Inc grew its stake in Ashland Global Holdings by 2.4% in the second quarter. World Asset Management Inc now owns 4,423 shares of the basic materials company’s stock worth $292,000 after purchasing an additional 104 shares in the last quarter. Aviva PLC grew its stake in Ashland Global Holdings by 0.3% in the second quarter. Aviva PLC now owns 38,655 shares of the basic materials company’s stock worth $2,548,000 after purchasing an additional 120 shares in the last quarter. Finally, Capstone Asset Management Co. grew its stake in Ashland Global Holdings by 3.4% in the second quarter. Capstone Asset Management Co. now owns 6,379 shares of the basic materials company’s stock worth $420,000 after purchasing an additional 208 shares in the last quarter. 92.42% of the stock is currently owned by institutional investors and hedge funds.
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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