Ashland Inc. Sets New 1-Year High at $92.86 (ASH)
Ashland (NYSE:ASH) set a new 52-week high on Monday, AnalystRatings.Net reports. The company traded as high as $92.86 and last traded at $91.98, with a volume of 406,861 shares. The stock had previously closed at $91.41.
A number of analysts have recently weighed in on ASH shares. Analysts at Monness Crespi & Hardt raised their price target on shares of Ashland (NYSE:ASH) from $99.00 to $105.00 in a research note to investors on Wednesday, August 14th. They now have a “buy” rating on the stock. Separately, analysts at Zacks downgraded shares of Ashland (NYSE:ASH) from a “neutral” rating to an “underperform” rating in a research note to investors on Thursday, August 1st. They now have a $84.80 price target on the stock. Finally, analysts at JPMorgan Chase & Co. reiterated a “neutral” rating on shares of Ashland (NYSE:ASH) in a research note to investors on Thursday, June 27th. They now have a $79.00 price target on the stock, up previously from $78.00.
One analyst has rated the stock with a sell rating, four have issued a hold rating and five have assigned a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus price target of $93.23.
Ashland has a 52 week low of $67.16 and a 52 week high of $92.86. The stock’s 50-day moving average is $88.19 and its 200-day moving average is $85.01. The company has a market cap of $7.097 billion and a price-to-earnings ratio of 3656.40.
Ashland (NYSE:ASH) last posted its quarterly earnings results on Thursday, July 25th. The company reported $1.66 EPS for the quarter, missing the Thomson Reuters consensus estimate of $1.84 by $0.18. The company had revenue of $2.10 billion for the quarter, compared to the consensus estimate of $2.06 billion. During the same quarter in the prior year, the company posted $2.04 earnings per share. The company’s quarterly revenue was down 3.8% on a year-over-year basis. On average, analysts predict that Ashland will post $6.25 earnings per share for the current fiscal year.
Ashland Inc (NYSE:ASH) is a global specialty chemical company that provides products, services and solutions throughout a variety of industries.
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