Ashland Global (NYSE:ASH) had its target price upped by Wells Fargo & Co from $85.00 to $90.00 in a research report sent to investors on Thursday, The Fly reports. They currently have an overweight rating on the basic materials company’s stock.

Several other equities analysts have also commented on ASH. Monness Crespi & Hardt upped their price target on shares of Ashland Global from $80.00 to $88.00 and gave the stock a buy rating in a research report on Thursday. TheStreet raised shares of Ashland Global from a d+ rating to a c- rating in a report on Thursday, June 18th. BMO Capital Markets raised shares of Ashland Global from a market perform rating to an outperform rating and reduced their price objective for the stock from $87.00 to $75.00 in a report on Monday, April 13th. SunTrust Banks upped their price objective on shares of Ashland Global from $75.00 to $87.00 and gave the stock a buy rating in a report on Monday, July 20th. Finally, Deutsche Bank upped their price objective on shares of Ashland Global from $85.00 to $90.00 and gave the stock a buy rating in a report on Thursday. Five equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. Ashland Global presently has a consensus rating of Buy and an average price target of $82.60.

Ashland Global stock opened at $75.48 on Thursday. The company has a 50-day simple moving average of $70.93 and a 200-day simple moving average of $66.29. The firm has a market capitalization of $4.55 billion, a P/E ratio of -42.89, a P/E/G ratio of 2.76 and a beta of 1.46. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.06 and a current ratio of 1.78. Ashland Global has a one year low of $38.88 and a one year high of $81.82.

Ashland Global (NYSE:ASH) last released its quarterly earnings results on Tuesday, July 28th. The basic materials company reported $0.84 EPS for the quarter, missing the consensus estimate of $0.85 by ($0.01). The firm had revenue of $574.00 million for the quarter, compared to the consensus estimate of $574.61 million. Ashland Global had a positive return on equity of 4.79% and a negative net margin of 4.39%. The firm’s revenue was down 10.5% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.77 EPS. As a group, sell-side analysts forecast that Ashland Global will post 2.54 earnings per share for the current year.

A number of hedge funds and other institutional investors have recently modified their holdings of the business. ETRADE Capital Management LLC lifted its holdings in Ashland Global by 1.5% in the 1st quarter. ETRADE Capital Management LLC now owns 18,407 shares of the basic materials company’s stock valued at $922,000 after acquiring an additional 269 shares during the last quarter. Victory Capital Management Inc. raised its holdings in Ashland Global by 4.2% during the 1st quarter. Victory Capital Management Inc. now owns 9,497 shares of the basic materials company’s stock worth $476,000 after buying an additional 381 shares during the period. Leisure Capital Management raised its holdings in Ashland Global by 4.2% during the 1st quarter. Leisure Capital Management now owns 10,597 shares of the basic materials company’s stock worth $531,000 after buying an additional 424 shares during the period. State of Alaska Department of Revenue raised its holdings in Ashland Global by 4.7% during the 1st quarter. State of Alaska Department of Revenue now owns 10,370 shares of the basic materials company’s stock worth $519,000 after buying an additional 469 shares during the period. Finally, Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in Ashland Global by 8.4% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 6,162 shares of the basic materials company’s stock worth $426,000 after buying an additional 480 shares during the period. 92.51% of the stock is owned by institutional investors.

About Ashland Global

Ashland Global Holdings Inc provides specialty chemical solutions worldwide. The company's Specialty Ingredients segment offers products, technologies, and resources for solving formulation and product-performance challenges. It provides solutions using natural, synthetic, and semisynthetic polymers derived from cellulose ethers, vinyl pyrrolidones, acrylic polymers, polyester and polyurethane-based adhesives, and plant and seed extracts.

Read More: Total Return

The Fly

Analyst Recommendations for Ashland Global (NYSE:ASH)

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.