Investors Buy Large Volume of Ashland Call Options (ASH)
Shares of Ashland (NYSE:ASH) were the recipient of some unusual options trading on Monday. Investors purchased 22,615 call options on the stock, StockRatingsNetwork reports. This is an increase of 658% compared to the average daily volume of 2,984 call options.
A number of analysts have recently weighed in on ASH shares. Analysts at Deutsche Bank raised their price target on shares of Ashland from $105.00 to $110.00 in a research note to investors on Wednesday, January 29th. They now have a “buy” rating on the stock. Separately, 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, January 29th. They now have a “buy” rating on the stock. Finally, 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, January 29th. They now have a “buy” rating on the stock. Seven research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. The company presently has an average rating of “Hold” and an average price target of $100.76.
Ashland (NYSE:ASH) traded down 0.61% during mid-day trading on Monday, hitting $93.93. The stock had a trading volume of 1,027,266 shares. 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 $96.24 and a 200-day moving average of $91.37. The company has a market cap of $7.308 billion and a P/E ratio of 10.81.
Ashland (NYSE:ASH) last released its earnings data on Tuesday, January 28th. The company reported $1.42 EPS for the quarter, beating the Thomson Reuters 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 prior year, the company posted $1.12 earnings per share. The company’s quarterly revenue was down .1% on a year-over-year basis. On average, analysts predict that Ashland will post $6.71 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Saturday, March 15th. Stockholders of record on Friday, February 14th will be paid a dividend of $0.34 per share. This represents a $1.36 annualized dividend and a dividend yield of 1.45%. The ex-dividend date is Wednesday, February 12th.
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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