Ashland Global Holdings Inc. (NYSE:ASH)‘s stock had its “buy” rating reiterated by investment analysts at Jefferies Group LLC in a research report issued to clients and investors on Tuesday. They currently have a $77.00 price objective on the basic materials company’s stock, up from their prior price objective of $74.00. Jefferies Group LLC’s price target points to a potential upside of 19.99% from the company’s current price.

Other equities research analysts also recently issued reports about the company. Zacks Investment Research downgraded Ashland Global Holdings from a “buy” rating to a “hold” rating in a research report on Tuesday, July 18th. TheStreet downgraded Ashland Global Holdings from a “b” rating to a “c+” rating in a research report on Tuesday, August 1st. J P Morgan Chase & Co boosted their target price on Ashland Global Holdings from $61.00 to $118.00 and gave the stock a “neutral” rating in a research report on Wednesday, May 31st. BidaskClub downgraded Ashland Global Holdings from a “buy” rating to a “hold” rating in a research report on Tuesday, August 1st. Finally, ValuEngine downgraded Ashland Global Holdings from a “buy” rating to a “hold” rating in a research report on Friday, June 2nd. Two analysts have rated the stock with a sell rating, three have assigned a hold rating and three have given a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average price target of $88.83.

Ashland Global Holdings (NYSE:ASH) last posted its earnings results on Tuesday, August 1st. The basic materials company reported $0.83 EPS for the quarter, topping analysts’ consensus estimates of $0.70 by $0.13. The company had revenue of $870.00 million for the quarter, compared to the consensus estimate of $842.78 million. Ashland Global Holdings had a positive return on equity of 10.62% and a negative net margin of 4.71%. The firm’s revenue for the quarter was up 10.1% on a year-over-year basis. During the same period in the previous year, the business earned $1.95 earnings per share.

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Hedge funds have recently modified their holdings of the business. Creative Planning raised its position in Ashland Global Holdings by 7.1% during the second quarter. Creative Planning now owns 1,527 shares of the basic materials company’s stock valued at $101,000 after purchasing an additional 101 shares during the period. Sciencast Management LP purchased a new stake in Ashland Global Holdings during the second quarter valued at approximately $271,000. Trexquant Investment LP purchased a new stake in Ashland Global Holdings during the second quarter valued at approximately $290,000. World Asset Management Inc raised its position in Ashland Global Holdings by 2.4% during the second quarter. World Asset Management Inc now owns 4,423 shares of the basic materials company’s stock valued at $292,000 after purchasing an additional 104 shares during the period. Finally, Shelton Capital Management purchased a new stake in Ashland Global Holdings during the second quarter valued at approximately $308,000. Institutional investors and hedge funds own 92.47% of the company’s stock.

Ashland Global Holdings Company Profile

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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