Shares of Ashland Global Holdings Inc. (NYSE:ASH) have earned an average rating of “Hold” from the ten ratings firms that are currently covering the stock, MarketBeat reports. One analyst has rated the stock with a sell rating, four have issued a hold rating and four have assigned a buy rating to the company. The average twelve-month target price among analysts that have covered the stock in the last year is $83.83.
Several research firms have commented on ASH. Deutsche Bank lifted their target price on shares of Ashland Global from $74.00 to $78.00 and gave the stock a “buy” rating in a research report on Wednesday, November 8th. SunTrust Banks reissued a “buy” rating and set a $74.00 target price on shares of Ashland Global in a research report on Friday, November 10th. UBS lifted their target price on shares of Ashland Global from $74.00 to $78.00 and gave the stock a “buy” rating in a research report on Tuesday, November 7th. Zacks Investment Research cut shares of Ashland Global from a “buy” rating to a “hold” rating in a research report on Monday, November 13th. Finally, Jefferies Group reissued a “buy” rating and set a $77.00 target price (up previously from $74.00) on shares of Ashland Global in a research report on Tuesday, September 26th.
In related news, insider Peter Ganz sold 3,379 shares of Ashland Global stock in a transaction that occurred on Monday, November 20th. The shares were sold at an average price of $70.63, for a total value of $238,658.77. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CFO J Kevin Willis sold 8,152 shares of Ashland Global stock in a transaction that occurred on Monday, November 27th. The stock was sold at an average price of $70.70, for a total transaction of $576,346.40. The disclosure for this sale can be found here. Insiders sold a total of 16,342 shares of company stock worth $1,148,839 in the last ninety days. 1.14% of the stock is currently owned by insiders.
Ashland Global (NYSE ASH) traded up $0.47 during mid-day trading on Friday, reaching $70.53. The company’s stock had a trading volume of 1,066,800 shares, compared to its average volume of 894,741. The firm has a market cap of $4,417.96, a P/E ratio of 15.85, a P/E/G ratio of 2.08 and a beta of 1.10. The company has a debt-to-equity ratio of 0.76, a current ratio of 1.97 and a quick ratio of 1.31. Ashland Global has a fifty-two week low of $53.79 and a fifty-two week high of $74.75.
Ashland Global (NYSE:ASH) last posted its earnings results on Monday, November 6th. The basic materials company reported $0.78 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.69 by $0.09. The firm had revenue of $880.00 million for the quarter, compared to the consensus estimate of $869.62 million. During the same period in the prior year, the business earned $1.52 EPS. Ashland Global’s quarterly revenue was up 16.7% compared to the same quarter last year. equities research analysts expect that Ashland Global will post 3.42 earnings per share for the current year.
The business also recently declared a quarterly dividend, which will be paid on Friday, December 15th. Investors of record on Friday, December 1st will be issued a $0.225 dividend. The ex-dividend date is Thursday, November 30th. This represents a $0.90 dividend on an annualized basis and a dividend yield of 1.28%. Ashland Global’s dividend payout ratio (DPR) is presently -9,000,000.00%.
ILLEGAL ACTIVITY NOTICE: This piece of content was first reported by American Banking News and is owned by of American Banking News. If you are viewing this piece of content on another website, it was illegally copied and reposted in violation of United States & international trademark & copyright law. The legal version of this piece of content can be accessed at https://www.americanbankingnews.com/2017/12/15/ashland-global-holdings-inc-ash-receives-consensus-recommendation-of-hold-from-analysts.html.
About Ashland Global
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.
Receive News & Ratings for Ashland Global Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Ashland Global and related companies with MarketBeat.com's FREE daily email newsletter.