Ashland Global Holdings Inc (ASH) Receives $90.00 Average PT from Analysts
Shares of Ashland Global Holdings Inc (NYSE:ASH) have earned a consensus recommendation of “Buy” from the thirteen ratings firms that are covering the firm, MarketBeat reports. One investment analyst has rated the stock with a sell recommendation, two have assigned a hold recommendation and nine have assigned a buy recommendation to the company. The average twelve-month price target among brokerages that have issued ratings on the stock in the last year is $91.75.
A number of equities research analysts have commented on the company. Credit Suisse Group increased their price target on Ashland Global from $86.00 to $95.00 and gave the company a “buy” rating in a research note on Thursday, August 2nd. UBS Group increased their price target on Ashland Global from $93.00 to $96.00 and gave the company a “buy” rating in a research note on Tuesday, October 2nd. Zacks Investment Research cut Ashland Global from a “buy” rating to a “hold” rating in a research note on Tuesday, August 28th. TheStreet cut Ashland Global from a “b” rating to a “c+” rating in a research note on Wednesday. Finally, SunTrust Banks reiterated a “buy” rating and issued a $90.00 price target on shares of Ashland Global in a research note on Friday, July 20th.
Ashland Global stock traded down $0.20 during midday trading on Monday, reaching $83.63. The company’s stock had a trading volume of 1,421,168 shares, compared to its average volume of 659,649. The company has a debt-to-equity ratio of 0.67, a quick ratio of 1.37 and a current ratio of 1.59. Ashland Global has a 52-week low of $64.81 and a 52-week high of $86.63. The stock has a market cap of $5.24 billion, a PE ratio of 23.36, a price-to-earnings-growth ratio of 1.95 and a beta of 1.28.
In other news, VP Keith C. Silverman sold 2,286 shares of the firm’s stock in a transaction dated Tuesday, September 18th. The stock was sold at an average price of $84.71, for a total value of $193,647.06. Following the completion of the transaction, the vice president now directly owns 4,183 shares in the company, valued at $354,341.93. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Company insiders own 1.14% of the company’s stock.
Large investors have recently made changes to their positions in the company. Brown Advisory Inc. purchased a new position in shares of Ashland Global in the second quarter worth about $200,000. Creative Planning acquired a new stake in Ashland Global during the third quarter worth about $206,000. Commerce Bank acquired a new stake in Ashland Global during the third quarter worth about $209,000. Cambridge Investment Research Advisors Inc. acquired a new stake in Ashland Global during the second quarter worth about $221,000. Finally, Bradley Foster & Sargent Inc. CT acquired a new stake in Ashland Global during the second quarter worth about $223,000. Hedge funds and other institutional investors own 93.25% of the company’s stock.
Ashland Global Company Profile
Ashland Global Holdings Inc provides specialty chemical solutions worldwide. Its Specialty Ingredients segment provides products, technologies, and resources for solving formulation and product-performance challenges. It offers solutions using natural, synthetic, and semisynthetic polymers derived from plant and seed extract, cellulose ethers, vinyl pyrrolidones, and acrylic polymers, as well as polyester and polyurethane-based adhesives.
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