A number of research firms have changed their ratings and price targets for Ashland Global Holdings (NYSE: ASH):

  • 8/3/2017 – Ashland Global Holdings had its price target lowered by analysts at Deutsche Bank AG from $75.00 to $74.00. They now have a “buy” rating on the stock.
  • 8/3/2017 – Ashland Global Holdings was downgraded by analysts at Zacks Investment Research from a “hold” rating to a “strong sell” rating. According to Zacks, “Ashland Global Holdings Inc. is engaged in providing specialty chemical solutions. It serves consumer and industrial markets which includes adhesives, architectural coatings, automotive, construction, energy, food and beverage, personal care and pharmaceutical sector. Ashland Global Holdings Inc., formerly known as Ashland Inc., is based in Covington, United States. “
  • 8/1/2017 – Ashland Global Holdings was downgraded by analysts at BidaskClub from a “buy” rating to a “hold” rating.
  • 8/1/2017 – Ashland Global Holdings was downgraded by analysts at TheStreet from a “b” rating to a “c+” rating.
  • 7/30/2017 – Ashland Global Holdings had its “buy” rating reaffirmed by analysts at Jefferies Group LLC. They now have a $74.00 price target on the stock.
  • 7/18/2017 – Ashland Global Holdings was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “Ashland Global Holdings Inc. is engaged in providing specialty chemical solutions. It serves consumer and industrial markets which includes adhesives, architectural coatings, automotive, construction, energy, food and beverage, personal care and pharmaceutical sector. Ashland Global Holdings Inc., formerly known as Ashland Inc., is based in Covington, United States. “
  • 7/16/2017 – Ashland Global Holdings was downgraded by analysts at BidaskClub from a “strong-buy” rating to a “buy” rating.
  • 7/6/2017 – Ashland Global Holdings was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “Ashland Global Holdings Inc. is engaged in providing specialty chemical solutions. It serves consumer and industrial markets which includes adhesives, architectural coatings, automotive, construction, energy, food and beverage, personal care and pharmaceutical sector. Ashland Global Holdings Inc., formerly known as Ashland Inc., is based in Covington, United States. “
  • 7/5/2017 – Ashland Global Holdings was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $74.00 price target on the stock. According to Zacks, “Ashland Global Holdings Inc. is engaged in providing specialty chemical solutions. It serves consumer and industrial markets which includes adhesives, architectural coatings, automotive, construction, energy, food and beverage, personal care and pharmaceutical sector. Ashland Global Holdings Inc., formerly known as Ashland Inc., is based in Covington, United States. “
  • 6/23/2017 – Ashland Global Holdings had its “buy” rating reaffirmed by analysts at Jefferies Group LLC.
  • 6/16/2017 – Ashland Global Holdings was upgraded by analysts at TheStreet from a “c” rating to a “b+” rating.

Shares of Ashland Global Holdings Inc. (NYSE ASH) opened at 63.41 on Tuesday. Ashland Global Holdings Inc. has a 52 week low of $60.27 and a 52 week high of $128.19. The stock’s 50 day moving average price is $66.24 and its 200-day moving average price is $62.02. The company’s market cap is $3.93 billion.

Ashland Global Holdings (NYSE:ASH) last announced its quarterly earnings data on Tuesday, August 1st. The basic materials company reported $0.83 EPS for the quarter, beating the Zacks’ consensus estimate of $0.70 by $0.13. Ashland Global Holdings had a positive return on equity of 10.62% and a negative net margin of 4.71%. The firm had revenue of $870 million during the quarter, compared to analysts’ expectations of $842.78 million. During the same quarter last year, the firm posted $1.95 earnings per share. The company’s revenue for the quarter was up 10.1% compared to the same quarter last year. Analysts expect that Ashland Global Holdings Inc. will post $4.42 EPS for the current year.

The business also recently announced a quarterly dividend, which will be paid on Friday, September 15th. Investors of record on Friday, September 1st will be given a dividend of $0.225 per share. The ex-dividend date is Wednesday, August 30th. This represents a $0.90 annualized dividend and a dividend yield of 1.42%. Ashland Global Holdings’s payout ratio is -25.42%.

Ashland Inc is engaged in specialty chemicals, and through Valvoline, is a consumer-branded lubricant supplier. The Company operates in three segments: Ashland Specialty Ingredients (Specialty Ingredients), Ashland Performance Materials (Performance Materials) and Valvoline. Its Specialty Ingredients segment is engaged in providing cellulose ethers, vinyl pyrrolidones and biofunctionals, and consists of two divisions: Consumer Specialties and Industrial Specialties.

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