Ashland Global Holdings Inc. (ASH) Receives Average Rating of “Hold” from Analysts

Ashland Global Holdings Inc. (NYSE:ASH) has received a consensus rating of “Hold” from the twelve research firms that are currently covering the firm, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and five have issued a buy rating on the company. The average 1-year price target among analysts that have covered the stock in the last year is $85.33.

ASH has been the subject of several research reports. Zacks Investment Research raised shares of Ashland Global from a “hold” rating to a “buy” rating and set a $75.00 price objective for the company in a research report on Tuesday, October 24th. Credit Suisse Group increased their price objective on shares of Ashland Global from $65.00 to $69.00 and gave the stock a “neutral” rating in a research report on Wednesday, November 8th. UBS Group increased their price objective 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. Deutsche Bank increased their price objective 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. Finally, SunTrust Banks increased their price objective on shares of Ashland Global to $83.00 and gave the stock a “buy” rating in a research report on Friday, December 1st.

In related news, SVP Anne T. Schumann sold 8,507 shares of the firm’s stock in a transaction on Tuesday, January 16th. The shares were sold at an average price of $73.46, for a total value of $624,924.22. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Peter Ganz sold 3,379 shares of the firm’s stock in a transaction on Monday, November 20th. The shares were sold at an average price of $70.63, for a total transaction of $238,658.77. The disclosure for this sale can be found here. In the last ninety days, insiders sold 41,077 shares of company stock valued at $2,949,366. 1.14% of the stock is owned by insiders.

A number of institutional investors have recently added to or reduced their stakes in the stock. Wedge Capital Management L L P NC grew its position in Ashland Global by 11.8% in the third quarter. Wedge Capital Management L L P NC now owns 1,748,825 shares of the basic materials company’s stock valued at $114,356,000 after purchasing an additional 185,176 shares in the last quarter. Schroder Investment Management Group grew its position in shares of Ashland Global by 30.7% in the 3rd quarter. Schroder Investment Management Group now owns 1,463,395 shares of the basic materials company’s stock valued at $95,999,000 after acquiring an additional 344,160 shares during the period. Neuberger Berman Group LLC grew its position in shares of 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 valued at $88,567,000 after acquiring an additional 17,839 shares during the period. Dimensional Fund Advisors LP grew its position in shares of Ashland Global by 4.6% in the 3rd quarter. Dimensional Fund Advisors LP now owns 1,157,066 shares of the basic materials company’s stock valued at $75,662,000 after acquiring an additional 51,277 shares during the period. Finally, Ameriprise Financial Inc. grew its position in shares of Ashland Global by 32.6% in the 3rd quarter. Ameriprise Financial Inc. now owns 1,117,605 shares of the basic materials company’s stock valued at $73,078,000 after acquiring an additional 274,617 shares during the period. 91.80% of the stock is owned by institutional investors and hedge funds.

Shares of Ashland Global (ASH) traded up $3.29 during mid-day trading on Friday, hitting $73.87. 3,890,000 shares of the stock traded hands, compared to its average volume of 818,853. The company has a debt-to-equity ratio of 0.76, a current ratio of 1.96 and a quick ratio of 1.31. Ashland Global has a 52 week low of $59.80 and a 52 week high of $128.19. The company has a market capitalization of $4,390.00, a P/E ratio of -97.20, a price-to-earnings-growth ratio of 2.21 and a beta of 1.14.

Ashland Global (NYSE:ASH) last issued its quarterly earnings data on Monday, January 29th. The basic materials company reported $0.42 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.43 by ($0.01). Ashland Global had a positive return on equity of 7.14% and a negative net margin of 0.08%. The company had revenue of $842.00 million for the quarter, compared to the consensus estimate of $842.05 million. During the same period in the prior year, the company earned $1.16 EPS. sell-side analysts predict that Ashland Global will post 3.2 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 15th. Investors of record on Thursday, March 1st will be given a $0.225 dividend. This represents a $0.90 dividend on an annualized basis and a yield of 1.22%. The ex-dividend date is Wednesday, February 28th. Ashland Global’s dividend payout ratio (DPR) is currently -118.42%.

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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.

Analyst Recommendations for Ashland Global (NYSE:ASH)

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