Ashland VP Sells $234,713 in Stock (ASH)
Ashland (NYSE:ASH) VP Susan Esler unloaded 2,413 shares of the company’s stock on the open market in a transaction that occurred on Monday, January 6th. The shares were sold at an average price of $97.27, for a total value of $234,712.51. Following the sale, the vice president now directly owns 1,583 shares of the company’s stock, valued at approximately $153,978. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.
Shares of Ashland (NYSE:ASH) traded up 1.22% on Tuesday, hitting $98.26. The stock had a trading volume of 649,355 shares. Ashland has a one year low of $72.11 and a one year high of $97.68. The stock’s 50-day moving average is $93.58 and its 200-day moving average is $89.63. The company has a market cap of $7.616 billion and a P/E ratio of 11.32. Ashland also was the recipient of unusually large options trading on Monday. Stock investors acquired 23,529 call options on the stock. This is an increase of 1,118% compared to the average volume of 1,932 call options.
Ashland (NYSE:ASH) last issued its quarterly 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 previous year, the company posted $1.87 earnings per share. The company’s revenue for the quarter was down 7.1% on a year-over-year basis. On average, analysts predict that Ashland will post $6.88 earnings per share for the current fiscal year.
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 equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and three have issued a buy rating to the company. Ashland currently has an average rating of “Hold” and a consensus price target 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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