Press coverage about Ashland Global (NYSE:ASH) has been trending somewhat positive recently, according to Accern Sentiment. The research firm scores the sentiment of press coverage by monitoring more than 20 million blog and news sources. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Ashland Global earned a daily sentiment score of 0.11 on Accern’s scale. Accern also gave news articles about the basic materials company an impact score of 47.2591479294231 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the next few days.
Here are some of the news articles that may have impacted Accern Sentiment Analysis’s rankings:
- SunTrust Banks Raises Ashland Global (ASH) Price Target to $83.00 (americanbankingnews.com)
- Stocks To Watch: Ashland Global Sees Relative Strength Rating Rise To 83 (finance.yahoo.com)
- Ashland Global Holdings, Inc. : ASH-US: Dividend Analysis : December 01st, 2017 (record date) : By the numbers : December 1, 2017 (finance.yahoo.com)
- ASHLAND GLOBAL HOLDINGS INC : ex-dividend day (4-traders.com)
- ASHLAND GLOBAL HOLDINGS INC : Other Events, Financial Statements and Exhibits (form 8-K) (4-traders.com)
Several research firms have commented on ASH. SunTrust Banks raised their price objective on Ashland Global to $83.00 and gave the company a “buy” rating in a research report on Friday. Jefferies Group reissued a “buy” rating and issued a $77.00 price objective (up from $74.00) on shares of Ashland Global in a research report on Tuesday, September 26th. UBS raised their price objective on Ashland Global from $74.00 to $78.00 and gave the company a “buy” rating in a research report on Tuesday, November 7th. BidaskClub lowered Ashland Global from a “sell” rating to a “strong sell” rating in a research report on Tuesday, August 8th. Finally, Zacks Investment Research lowered Ashland Global from a “buy” rating to a “hold” rating in a research report on Monday, November 13th. One analyst has rated the stock with a sell rating, four have issued a hold rating and four have assigned a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average target price of $82.57.
Ashland Global (NYSE:ASH) last announced its earnings results on Monday, November 6th. The basic materials company reported $0.78 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.69 by $0.09. The business had revenue of $880.00 million for the quarter, compared to analysts’ expectations of $869.62 million. During the same period in the previous year, the firm posted $1.52 earnings per share. The firm’s revenue was up 16.7% compared to the same quarter last year. research analysts predict that Ashland Global will post 3.42 EPS for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, December 15th. Stockholders of record on Friday, December 1st will be given a dividend of $0.225 per share. This represents a $0.90 dividend on an annualized basis and a dividend yield of 1.22%. The ex-dividend date of this dividend is Thursday, November 30th. Ashland Global’s payout ratio is -9,000,000.00%.
In other news, insider Peter Ganz sold 3,379 shares of Ashland Global stock in a transaction dated Monday, November 20th. The stock was sold at an average price of $70.63, for a total transaction of $238,658.77. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CFO J Kevin Willis sold 1,352 shares of Ashland Global stock in a transaction dated Wednesday, November 15th. The stock was sold at an average price of $66.23, for a total value of $89,542.96. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 16,342 shares of company stock worth $1,148,839. Corporate insiders own 1.27% of the company’s stock.
Ashland Global Company Profile
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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