Ashland Price Target Raised to $110.00 at Jefferies Group (ASH)
Stock analysts at Jefferies Group raised their target price on shares of Ashland (NYSE:ASH) from $92.00 to $110.00 in a report issued on Friday, StockRatingsNetwork.com reports. The firm currently has a “hold” rating on the stock. Jefferies Group’s price objective would suggest a potential upside of 8.99% from the company’s current price.
Separately, analysts at Deutsche Bank initiated coverage on shares of Ashland in a research note on Monday, April 21st. They set a “buy” rating on the stock. Five investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Ashland has an average rating of “Hold” and an average price target of $107.76.
Ashland (NYSE:ASH) opened at 100.93 on Friday. Ashland has a 1-year low of $81.00 and a 1-year high of $102.53. The stock has a 50-day moving average of $97.34 and a 200-day moving average of $94.68. The company has a market cap of $7.853 billion and a P/E ratio of 11.52.
Ashland (NYSE:ASH) last issued its quarterly earnings data on Wednesday, April 30th. The company reported $1.53 earnings per share for the quarter, missing the analysts’ consensus estimate of $1.59 by $0.06. The company had revenue of $1.55 billion for the quarter, compared to the consensus estimate of $1.98 billion. On average, analysts predict that Ashland will post $6.62 earnings per share 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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