Credit Suisse Group AG Analysts Give Ashland Inc. (ASH) a $119.00 Price Target
Several other analysts also recently commented on ASH. Jefferies Group reaffirmed a buy rating on shares of Ashland in a report on Thursday, August 4th. Zacks Investment Research downgraded shares of Ashland from a hold rating to a sell rating in a report on Friday, October 7th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and three have issued a buy rating to the company’s stock. The stock has an average rating of Hold and a consensus price target of $123.33.
Shares of Ashland (NYSE:ASH) opened at 108.16 on Tuesday. Ashland has a 12-month low of $88.30 and a 12-month high of $125.00. The stock’s 50 day moving average is $114.10 and its 200 day moving average is $115.16. The firm has a market cap of $6.72 billion, a price-to-earnings ratio of 36.09 and a beta of 0.98.
Ashland (NYSE:ASH) last announced its quarterly earnings data on Tuesday, November 8th. The company reported $1.52 EPS for the quarter, missing analysts’ consensus estimates of $1.61 by $0.09. Ashland had a negative net margin of 0.59% and a positive return on equity of 15.94%. The firm earned $1.20 billion during the quarter, compared to the consensus estimate of $1.25 billion. During the same period last year, the business earned $1.62 EPS. Equities analysts expect that Ashland will post $6.81 earnings per share for the current year.
Several institutional investors have recently modified their holdings of ASH. DIAM Co. Ltd. boosted its position in shares of Ashland by 0.7% in the second quarter. DIAM Co. Ltd. now owns 6,196 shares of the company’s stock valued at $699,000 after buying an additional 45 shares during the last quarter. Advisor Partners LLC boosted its position in shares of Ashland by 3.0% in the third quarter. Advisor Partners LLC now owns 2,044 shares of the company’s stock valued at $237,000 after buying an additional 60 shares during the last quarter. Advisor Group Inc. boosted its position in shares of Ashland by 6.4% in the third quarter. Advisor Group Inc. now owns 1,267 shares of the company’s stock valued at $122,000 after buying an additional 76 shares during the last quarter. Capstone Asset Management Co. boosted its position in shares of Ashland by 1.3% in the second quarter. Capstone Asset Management Co. now owns 6,249 shares of the company’s stock valued at $717,000 after buying an additional 80 shares during the last quarter. Finally, Daiwa Securities Group Inc. boosted its position in shares of Ashland by 7.1% in the third quarter. Daiwa Securities Group Inc. now owns 1,500 shares of the company’s stock valued at $174,000 after buying an additional 100 shares during the last quarter. Institutional investors own 86.65% of the company’s stock.
Ashland Company Profile
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.
Receive News & Stock Ratings for Ashland Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Ashland Inc. and related stocks with our FREE daily email newsletter.