Ashland Given Average Rating of “Buy” by Brokerages (NYSE:ASH)
Shares of Ashland (NYSE:ASH) have earned an average rating of “Buy” from the ten ratings firms that are presently covering the company, AnalystRatingsNetwork.com reports. Three research analysts have rated the stock with a hold rating, six have given a buy rating and one has given a strong buy rating to the company. The average 1-year price target among brokers that have updated their coverage on the stock in the last year is $120.00.
Ashland (NYSE:ASH) opened at 108.00 on Friday. Ashland has a 52-week low of $84.43 and a 52-week high of $110.02. The stock’s 50-day moving average is $105.7 and its 200-day moving average is $101.5. The company has a market cap of $8.430 billion and a P/E ratio of 14.83.
Ashland (NYSE:ASH) last issued its quarterly earnings data on Thursday, July 31st. The company reported $1.63 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.57 by $0.06. The company had revenue of $1.60 billion for the quarter, compared to the consensus estimate of $1.61 billion. During the same quarter in the previous year, the company posted $1.66 earnings per share. Analysts expect that Ashland will post $6.04 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Monday, September 15th. Investors of record on Friday, August 15th will be paid a dividend of $0.34 per share. This represents a $1.36 annualized dividend and a dividend yield of 1.26%. The ex-dividend date is Wednesday, August 13th.
ASH has been the subject of a number of recent research reports. Analysts at Argus raised their price target on shares of Ashland from $118.00 to $123.00 in a research note on Monday, August 18th. They now have a “buy” rating on the stock. Separately, analysts at Credit Suisse reiterated an “outperform” rating on shares of Ashland in a research note on Monday, August 11th. Finally, analysts at Goldman Sachs initiated coverage on shares of Ashland in a research note on Thursday, July 24th. They set a “conviction-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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