Ashland Price Target Increased to $110.00 by Analysts at Deutsche Bank (ASH)
Equities research analysts at Deutsche Bank upped their target price on shares of Ashland (NYSE:ASH) from $105.00 to $110.00 in a research note issued to investors on Wednesday, American Banking and Market News reports. The firm currently has a “buy” rating on the stock. Deutsche Bank’s price objective points to a potential upside of 16.79% from the stock’s previous close.
ASH has been the subject of a number of other recent research reports. Analysts at Argus raised their price target on shares of Ashland from $101.00 to $109.00 in a research note to investors on Wednesday. They now have a “buy” rating on the stock. Separately, analysts at Monness Crespi & Hardt raised their price target on shares of Ashland from $105.00 to $115.00 in a research note to investors on Wednesday. They now have a “buy” rating on the stock. Finally, 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. Seven equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. Ashland has a consensus rating of “Hold” and an average price target of $100.76.
Ashland (NYSE:ASH) traded down 0.34% on Wednesday, hitting $93.87. 448,270 shares of the company’s stock traded hands. Ashland has a 1-year low of $72.11 and a 1-year high of $100.87. The stock’s 50-day moving average is $96.55 and its 200-day moving average is $91.1. The company has a market cap of $7.276 billion and a price-to-earnings ratio of 10.98.
Ashland (NYSE:ASH) last announced its earnings results on Tuesday, January 28th. The company reported $1.42 earnings per share for the quarter, beating the analysts’ consensus estimate of $1.31 by $0.11. The company had revenue of $1.87 billion for the quarter, compared to the consensus estimate of $1.87 billion. During the same quarter last year, the company posted $1.12 earnings per share. Ashland’s revenue was down .1% compared to the same quarter last year. Analysts expect that Ashland will post $6.86 EPS 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.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.