Ashland Given Consensus Recommendation of “Hold” by Brokerages (NYSE:ASH)
Shares of Ashland (NYSE:ASH) have received a consensus recommendation of “Hold” from the eleven ratings firms that are presently covering the company, American Banking and Market News reports. Seven research analysts have rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average 1-year price target among analysts that have issued a report on the stock in the last year is $100.76.
ASH has been the subject of a number of recent research reports. Analysts at Deutsche Bank raised their price target on shares of Ashland from $105.00 to $110.00 in a research note 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 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 on Wednesday, January 29th. They now have a “buy” rating on the stock.
Shares of Ashland (NYSE:ASH) traded up 1.73% during mid-day trading on Wednesday, hitting $96.04. 221,980 shares of the company’s stock traded hands. Ashland has a one year low of $72.11 and a one year high of $100.87. The stock’s 50-day moving average is $96.12 and its 200-day moving average is $91.55. The company has a market cap of $7.472 billion and a price-to-earnings ratio of 10.80. Ashland also saw unusually large options trading on Monday. Investors acquired 22,615 call options on the stock. This is an increase of approximately 658% compared to the average daily volume of 2,984 call options.
Ashland (NYSE:ASH) last issued its quarterly earnings data 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. On average, analysts predict that Ashland will post $6.71 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Saturday, March 15th. Shareholders of record on Friday, February 14th will be given a dividend of $0.34 per share. This represents a $1.36 dividend on an annualized basis and a yield of 1.44%. The ex-dividend date of this dividend 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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