Ashland Global (NYSE:ASH) had its target price lifted by stock analysts at SunTrust Banks to $83.00 in a research report issued to clients and investors on Friday, The Fly reports. The firm presently has a “buy” rating on the basic materials company’s stock. SunTrust Banks’ target price suggests a potential upside of 12.93% from the company’s previous close.

Several other analysts have also recently weighed in on the stock. Zacks Investment Research cut shares of Ashland Global from a “buy” rating to a “hold” rating in a research report on Monday, November 13th. Credit Suisse Group raised their price objective on shares of Ashland Global from $65.00 to $69.00 and gave the company a “neutral” rating in a research report on Wednesday, November 8th. Deutsche Bank raised their price objective on shares of Ashland Global from $74.00 to $78.00 and gave the company a “buy” rating in a research report on Wednesday, November 8th. UBS raised their price objective on shares of Ashland Global from $74.00 to $78.00 and gave the company a “buy” rating in a research report on Tuesday, November 7th. Finally, Jefferies Group restated a “buy” rating and set a $77.00 price objective (up previously from $74.00) on shares of Ashland Global in a research report on Tuesday, September 26th. One research analyst has rated the stock with a sell rating, four have given a hold rating and four have given a buy rating to the company’s stock. Ashland Global presently has an average rating of “Hold” and an average price target of $82.57.

Ashland Global (NYSE ASH) traded down $0.48 during trading on Friday, hitting $73.50. 1,326,038 shares of the stock traded hands, compared to its average volume of 903,144. The company has a debt-to-equity ratio of 0.76, a quick ratio of 1.31 and a current ratio of 1.97. The stock has a market cap of $4,600.00, a PE ratio of 15.88, a P/E/G ratio of 2.08 and a beta of 1.08. Ashland Global has a 12-month low of $53.79 and a 12-month high of $74.75.

Ashland Global (NYSE:ASH) last posted its quarterly earnings data on Monday, November 6th. The basic materials company reported $0.78 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.69 by $0.09. The company had revenue of $880.00 million for the quarter, compared to analysts’ expectations of $869.62 million. The business’s quarterly revenue was up 16.7% compared to the same quarter last year. During the same quarter last year, the business posted $1.52 EPS. equities research analysts forecast that Ashland Global will post 3.42 EPS for the current year.

In related news, insider Peter Ganz sold 3,379 shares of Ashland Global stock in a transaction on Monday, November 20th. The shares were sold at an average price of $70.63, for a total value of $238,658.77. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CFO J Kevin Willis sold 1,352 shares of Ashland Global stock in a transaction on Wednesday, November 15th. The stock was sold at an average price of $66.23, for a total transaction of $89,542.96. The disclosure for this sale can be found here. In the last quarter, insiders sold 16,342 shares of company stock worth $1,148,839. 1.27% of the stock is owned by corporate insiders.

Large investors have recently modified their holdings of the stock. Chicago Partners Investment Group LLC grew its holdings in Ashland Global by 600.3% in the 3rd quarter. Chicago Partners Investment Group LLC now owns 2,332 shares of the basic materials company’s stock worth $152,000 after acquiring an additional 1,999 shares during the last quarter. Public Employees Retirement System of Ohio grew its holdings in Ashland Global by 37.6% in the 3rd quarter. Public Employees Retirement System of Ohio now owns 36,774 shares of the basic materials company’s stock worth $2,405,000 after acquiring an additional 10,055 shares during the last quarter. Neuberger Berman Group LLC grew its holdings in Ashland Global by 1.3% in the 3rd quarter. Neuberger Berman Group LLC now owns 1,354,447 shares of the basic materials company’s stock worth $88,567,000 after acquiring an additional 17,839 shares during the last quarter. South Street Advisors LLC grew its holdings in Ashland Global by 8.7% in the 3rd quarter. South Street Advisors LLC now owns 88,199 shares of the basic materials company’s stock worth $5,767,000 after acquiring an additional 7,069 shares during the last quarter. Finally, California Public Employees Retirement System grew its holdings in Ashland Global by 2.9% in the 3rd quarter. California Public Employees Retirement System now owns 183,659 shares of the basic materials company’s stock worth $12,009,000 after acquiring an additional 5,132 shares during the last quarter. Institutional investors own 91.11% of the company’s stock.

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Ashland Global 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.

The Fly

Analyst Recommendations for Ashland Global (NYSE:ASH)

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