Ashland (NYSE:ASH) Earns Daily Coverage Optimism Rating of 0.07

Media coverage about Ashland (NYSE:ASH) has been trending somewhat positive this week, according to Accern Sentiment. The research firm identifies negative and positive media coverage by monitoring more than twenty million news and blog sources. Accern ranks coverage of companies on a scale of -1 to 1, with scores closest to one being the most favorable. Ashland earned a news sentiment score of 0.07 on Accern’s scale. Accern also assigned headlines about the basic materials company an impact score of 45.4137891085348 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the near future.

Here are some of the news headlines that may have impacted Accern’s rankings:

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Shares of NYSE:ASH traded up $0.80 during trading hours on Monday, hitting $70.34. 801,606 shares of the company’s stock traded hands, compared to its average volume of 1,120,074. Ashland has a 52 week low of $59.80 and a 52 week high of $77.16. The company has a current ratio of 1.96, a quick ratio of 1.29 and a debt-to-equity ratio of 0.76. The firm has a market cap of $4,327.39, a price-to-earnings ratio of 28.83, a price-to-earnings-growth ratio of 2.17 and a beta of 1.15.

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

Ashland declared that its Board of Directors has approved a stock repurchase program on Tuesday, March 20th that permits the company to repurchase $1.00 billion in shares. This repurchase authorization permits the basic materials company to purchase shares of its stock through open market purchases. Stock repurchase programs are usually an indication that the company’s board of directors believes its stock is undervalued.

Several research firms have commented on ASH. Zacks Investment Research raised shares of Ashland from a “strong sell” rating to a “hold” rating in a research note on Tuesday, April 3rd. Monness Crespi & Hardt cut shares of Ashland from a “buy” rating to a “neutral” rating in a research note on Wednesday, January 31st. Credit Suisse Group raised shares of Ashland from a “neutral” rating to an “outperform” rating and raised their target price for the company from $68.18 to $79.00 in a research note on Friday, March 23rd. Seaport Global Securities restated a “buy” rating and set a $81.00 price objective on shares of Ashland in a research report on Wednesday, January 31st. Finally, BMO Capital Markets assumed coverage on shares of Ashland in a research report on Tuesday, March 27th. They set an “outperform” rating and a $82.00 price objective for the company. One investment analyst has rated the stock with a sell rating, four have given a hold rating and eight have given a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average target price of $83.44.

In other Ashland news, insider Anne T. Schumann sold 11,733 shares of the firm’s stock in a transaction dated Wednesday, January 17th. The shares were sold at an average price of $73.26, for a total value of $859,559.58. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, VP Keith C. Silverman sold 1,678 shares of the stock in a transaction that occurred on Monday, March 26th. The stock was sold at an average price of $70.02, for a total transaction of $117,493.56. Following the completion of the sale, the vice president now directly owns 1,358 shares of the company’s stock, valued at $95,087.16. The disclosure for this sale can be found here. Over the last quarter, insiders sold 26,413 shares of company stock valued at $1,918,021. Corporate insiders own 1.14% of the company’s stock.

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Ashland 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.

Insider Buying and Selling by Quarter for Ashland (NYSE:ASH)

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