Ashland Global Holdings Inc. (NYSE:ASH) has received a consensus rating of “Buy” from the nine ratings firms that are currently covering the stock, Marketbeat Ratings reports. Four investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The average twelve-month target price among analysts that have issued ratings on the stock in the last year is $108.25.
Several research firms recently weighed in on ASH. BidaskClub downgraded Ashland Global Holdings from a “strong-buy” rating to a “buy” rating in a research report on Sunday, July 16th. Zacks Investment Research downgraded Ashland Global Holdings from a “buy” rating to a “hold” rating in a research report on Tuesday, July 18th. ValuEngine downgraded Ashland Global Holdings from a “buy” rating to a “hold” rating in a research report on Friday, June 2nd. Jefferies Group LLC restated a “buy” rating on shares of Ashland Global Holdings in a research report on Friday, June 23rd. Finally, TheStreet upgraded Ashland Global Holdings from a “c+” rating to a “b” rating in a research report on Wednesday, April 26th.
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Ashland Global Holdings (ASH) traded up 0.11% during mid-day trading on Tuesday, hitting $66.67. The company had a trading volume of 353,935 shares. The company’s market capitalization is $4.15 billion. The firm’s 50 day moving average is $66.44 and its 200 day moving average is $61.29. Ashland Global Holdings has a 52 week low of $60.27 and a 52 week high of $128.19.
Ashland Global Holdings (NYSE:ASH) last released its earnings results on Tuesday, April 25th. The basic materials company reported $1.71 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.61 by $0.10. The company had revenue of $1.32 billion for the quarter, compared to the consensus estimate of $1.28 billion. Ashland Global Holdings had a positive return on equity of 13.53% and a negative net margin of 2.26%. During the same period in the previous year, the business earned $1.83 earnings per share. On average, equities research analysts predict that Ashland Global Holdings will post $4.32 EPS for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 15th. Shareholders of record on Friday, September 1st will be paid a dividend of $0.225 per share. The ex-dividend date is Wednesday, August 30th. This represents a $0.90 annualized dividend and a yield of 1.35%. Ashland Global Holdings’s payout ratio is currently -48.13%.
A number of large investors have recently modified their holdings of the company. Envestnet Asset Management Inc. bought a new stake in shares of Ashland Global Holdings during the fourth quarter valued at $113,000. Guggenheim Capital LLC boosted its position in Ashland Global Holdings by 34.7% in the fourth quarter. Guggenheim Capital LLC now owns 18,834 shares of the basic materials company’s stock worth $2,059,000 after buying an additional 4,854 shares in the last quarter. Ladenburg Thalmann Financial Services Inc. boosted its position in Ashland Global Holdings by 8.4% in the fourth quarter. Ladenburg Thalmann Financial Services Inc. now owns 1,273 shares of the basic materials company’s stock worth $143,000 after buying an additional 99 shares in the last quarter. Teachers Advisors LLC boosted its position in Ashland Global Holdings by 28.9% in the fourth quarter. Teachers Advisors LLC now owns 362,415 shares of the basic materials company’s stock worth $39,608,000 after buying an additional 81,278 shares in the last quarter. Finally, Northstar Group Inc. acquired a new position in Ashland Global Holdings during the first quarter worth approximately $218,000. 89.38% of the stock is currently owned by institutional investors.
About Ashland Global Holdings
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.
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