Ashland SVP Peter Ganz Unloads 2,641 Shares (ASH)
Ashland (NYSE:ASH) SVP Peter Ganz sold 2,641 shares of Ashland stock in a transaction dated Thursday, January 2nd. The shares were sold at an average price of $96.55, for a total value of $254,988.55. The sale was disclosed in a document filed with the SEC, which can be accessed through this link.
Ashland (NYSE:ASH) traded up 0.05% on Friday, hitting $97.00. The stock had a trading volume of 623,041 shares. Ashland has a one year low of $72.11 and a one year high of $97.68. The stock has a 50-day moving average of $93.23 and a 200-day moving average of $89.4. The company has a market cap of $7.519 billion and a price-to-earnings ratio of 11.31.
Ashland (NYSE:ASH) last released its earnings data on Tuesday, November 5th. The company reported $1.54 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.50 by $0.04. The company had revenue of $1.91 billion for the quarter, compared to the consensus estimate of $1.93 billion. During the same quarter in the prior year, the company posted $1.87 earnings per share. The company’s quarterly revenue was down 7.1% on a year-over-year basis.
A number of analysts have recently weighed in on ASH shares. Analysts at Goldman Sachs Group Inc. initiated coverage on shares of Ashland in a research note to investors on Monday, December 16th. They set a “neutral” rating on the stock. Separately, analysts at Zacks downgraded shares of Ashland from a “neutral” rating to an “underperform” rating in a research note to investors on Friday, November 8th. They now have a $86.00 price target on the stock. Finally, analysts at Jefferies Group cut their price target on shares of Ashland from $97.00 to $92.00 in a research note to investors on Wednesday, November 6th. They now have a “hold” rating on the stock. One investment analyst has rated the stock with a sell rating, seven have given 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 target price of $93.29.
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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