Ashland (ASH) Announces Quarterly Results
Ashland (NYSE:ASH) announced its earnings results on Tuesday. The company reported $1.42 EPS for the quarter, beating the Thomson Reuters consensus estimate of $1.31 by $0.11, AnalystRatingsNetwork.com reports. The company had revenue of $1.87 billion for the quarter, compared to the consensus estimate of $1.87 billion. During the same quarter in the prior year, the company posted $1.12 earnings per share. The company’s quarterly revenue was down .1% on a year-over-year basis.
A number of analysts have recently weighed in on ASH shares. Analysts at Zacks upgraded shares of Ashland from an “underperform” rating to a “neutral” rating in a research note to investors on Tuesday, January 14th. They now have a $99.30 price target on the stock. On a related note, 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. Seven research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus price target of $96.88.
Shares of Ashland (NYSE:ASH) opened at 95.29 on Tuesday. Ashland has a 52 week low of $72.11 and a 52 week high of $100.87. The stock has a 50-day moving average of $96.57 and a 200-day moving average of $91.08. The company has a market cap of $7.386 billion and a price-to-earnings ratio of 11.10.
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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