KeyCorp Upgrades Ashland to Buy (ASH)
Ashland (NYSE:ASH) was upgraded by analysts at KeyCorp from a “hold” rating to a “buy” rating in a research report issued to clients and investors on Monday, TheFlyOnTheWall.com reports. The firm currently has a $136.00 target price on the stock. KeyCorp’s price objective suggests a potential upside of 26.89% from the stock’s previous close.
A number of other firms have also recently commented on ASH. Analysts at Argus raised their price target on shares of Ashland from $109.00 to $118.00 in a research note on Tuesday, May 27th. They now have a “buy” rating on the stock. Separately, analysts at JPMorgan Chase & Co. reiterated a “neutral” rating on shares of Ashland in a research note on Friday, May 2nd. They now have a $100.00 price target on the stock. Finally, analysts at Deutsche Bank reiterated a “buy” rating on shares of Ashland in a research note on Friday, May 2nd. They now have a $120.00 price target on the stock. Five research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. The company presently has an average rating of “Buy” and a consensus price target of $115.03.
Shares of Ashland (NYSE:ASH) traded up 1.21% on Monday, hitting $108.475. 205,197 shares of the company’s stock traded hands. Ashland has a 52 week low of $81.00 and a 52 week high of $107.33. The stock has a 50-day moving average of $103.9 and a 200-day moving average of $97.97. The company has a market cap of $8.454 billion and a price-to-earnings ratio of 14.21.
Ashland (NYSE:ASH) last posted its quarterly earnings results on Wednesday, April 30th. The company reported $1.53 EPS for the quarter, missing the Thomson Reuters 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. Analysts expect that Ashland will post $6.04 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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