Ashland PT Raised to $109.00 (ASH)
Equities research analysts at Argus increased their target price on shares of Ashland (NYSE:ASH) from $101.00 to $109.00 in a research note issued to investors on Wednesday, Analyst Ratings News reports. The firm currently has a “buy” rating on the stock. Argus’ price objective would indicate a potential upside of 15.72% from the company’s current price.
A number of other analysts have also recently weighed in on ASH. 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. Separately, 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. Finally, 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 equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus price target of $100.76.
Ashland (NYSE:ASH) traded down 0.32% on Wednesday, hitting $93.89. 452,190 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 has a 50-day moving average of $96.55 and a 200-day moving average of $91.1. The company has a market cap of $7.278 billion and a price-to-earnings ratio of 10.98.
Ashland (NYSE:ASH) last posted its quarterly earnings results on Tuesday, January 28th. The company reported $1.42 earnings per share (EPS) for the quarter, beating the 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 in the previous year, the company posted $1.12 earnings per share. The company’s revenue for the quarter was down .1% on a year-over-year basis. 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.
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