Ashland Global Holdings Inc. (NYSE:ASH)‘s stock had its “buy” rating restated by equities researchers at Jefferies Group LLC in a research report issued on Sunday. They presently have a $74.00 price objective on the basic materials company’s stock. Jefferies Group LLC’s target price would suggest a potential upside of 18.78% from the company’s current price.

Several other analysts also recently weighed in on the company. BidaskClub cut Ashland Global Holdings from a “sell” rating to a “strong sell” rating in a research report on Tuesday, August 8th. Zacks Investment Research cut Ashland Global Holdings from a “hold” rating to a “strong sell” rating in a report on Thursday, August 3rd. Deutsche Bank AG decreased their target price on Ashland Global Holdings from $75.00 to $74.00 and set a “buy” rating on the stock in a report on Thursday, August 3rd. TheStreet cut Ashland Global Holdings from a “b” rating to a “c+” rating in a report on Tuesday, August 1st. Finally, ValuEngine cut Ashland Global Holdings from a “buy” rating to a “hold” rating in a report on Friday, June 2nd. Two investment analysts have rated the stock with a sell rating, three have given a hold rating and three have issued a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average price target of $88.33.

Ashland Global Holdings (ASH) opened at 62.30 on Friday. Ashland Global Holdings has a 12-month low of $51.61 and a 12-month high of $67.90. The stock’s market cap is $3.89 billion. The stock has a 50 day moving average of $63.26 and a 200 day moving average of $62.72.

Ashland Global Holdings (NYSE:ASH) last announced its quarterly earnings results on Tuesday, August 1st. The basic materials company reported $0.83 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.70 by $0.13. The business had revenue of $870 million for the quarter, compared to the consensus estimate of $842.78 million. Ashland Global Holdings had a positive return on equity of 10.62% and a negative net margin of 4.71%. The business’s revenue was up 10.1% on a year-over-year basis. During the same quarter last year, the business posted $1.95 EPS. On average, equities research analysts anticipate that Ashland Global Holdings will post $4.42 earnings per share for the current fiscal year.

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A number of institutional investors have recently modified their holdings of ASH. BlackRock Inc. raised its position in shares of Ashland Global Holdings by 5,548.9% in the first quarter. BlackRock Inc. now owns 5,692,080 shares of the basic materials company’s stock valued at $704,736,000 after buying an additional 5,591,315 shares in the last quarter. Vanguard Group Inc. raised its position in shares of Ashland Global Holdings by 4.5% in the first quarter. Vanguard Group Inc. now owns 5,271,030 shares of the basic materials company’s stock valued at $652,607,000 after buying an additional 228,240 shares in the last quarter. Evercore Trust Company N.A. raised its position in shares of Ashland Global Holdings by 113.3% in the second quarter. Evercore Trust Company N.A. now owns 2,178,433 shares of the basic materials company’s stock valued at $143,580,000 after buying an additional 1,157,131 shares in the last quarter. State Street Corp raised its position in shares of Ashland Global Holdings by 1.9% in the first quarter. State Street Corp now owns 2,104,720 shares of the basic materials company’s stock valued at $260,582,000 after buying an additional 40,172 shares in the last quarter. Finally, Wedge Capital Management L L P NC raised its position in shares of Ashland Global Holdings by 52.2% in the second quarter. Wedge Capital Management L L P NC now owns 1,563,649 shares of the basic materials company’s stock valued at $103,060,000 after buying an additional 536,205 shares in the last quarter. Hedge funds and other institutional investors own 92.50% of the company’s stock.

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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