Ashland Given Consensus Rating of “Buy” by Analysts (NYSE:ASH)
Shares of Ashland (NYSE:ASH) have earned a consensus rating of “Buy” from the eleven brokerages that are presently covering the company, AnalystRatings.NET reports. Five equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The average 1-year target price among brokers that have issued ratings on the stock in the last year is $115.03.
Ashland (NYSE:ASH) remained flat at $107.47 during during mid-day trading trading on Monday. 38,980 shares of the company’s stock traded hands. Ashland has a one year low of $84.17 and a one year high of $110.02. The stock’s 50-day moving average is $106.3 and its 200-day moving average is $99.48. The company has a market cap of $8.375 billion and a price-to-earnings ratio of 14.25.
Ashland (NYSE:ASH) last announced its 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. On average, analysts predict that Ashland will post $6.09 earnings per share for the current fiscal year.
In other Ashland news, CEO James J. /Ky Obrien sold 160,933 shares of Ashland stock on the open market in a transaction dated Monday, July 7th. The stock was sold at an average price of $108.14, for a total transaction of $17,403,294.62. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.
A number of analysts have recently weighed in on ASH shares. Analysts at ISI Group upgraded shares of Ashland from a “hold” rating to a “buy” rating in a research note on Monday, June 23rd. They now have a $136.00 price target on the stock. Separately, analysts at KeyCorp upgraded shares of Ashland from a “hold” rating to a “buy” rating in a research note on Monday, June 23rd. They now have a $136.00 price target on the stock. Finally, 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.
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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