Ashland Global Holdings (ASH) Receives News Sentiment Rating of 0.20
Press coverage about Ashland Global Holdings (NYSE:ASH) has trended somewhat positive recently, according to Accern Sentiment Analysis. The research firm scores the sentiment of press coverage by monitoring more than 20 million blog and news sources in real time. Accern ranks coverage of companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Ashland Global Holdings earned a coverage optimism score of 0.20 on Accern’s scale. Accern also assigned press coverage about the basic materials company an impact score of 45.951054494736 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the next few days.
These are some of the news stories that may have effected Accern Sentiment Analysis’s scoring:
- Financial Survey: Ashland Global Holdings (ASH) vs. PURE Bioscience (PURE) (americanbankingnews.com)
- FY2021 Earnings Estimate for Ashland Global Holdings Inc. Issued By Jefferies Group (ASH) (americanbankingnews.com)
- Contrasting PURE Bioscience (PURE) and Ashland Global Holdings (ASH) (americanbankingnews.com)
- Ashland Global Holdings (ASH) vs. PURE Bioscience (PURE) Head to Head Survey (americanbankingnews.com)
- Ashland Global Holdings (ASH) versus PURE Bioscience (PURE) Head-To-Head Comparison (americanbankingnews.com)
A number of equities research analysts have recently weighed in on the stock. Deutsche Bank AG dropped their price objective on shares of Ashland Global Holdings from $75.00 to $74.00 and set a “buy” rating on the stock in a report on Thursday, August 3rd. Jefferies Group LLC reissued a “buy” rating and set a $74.00 price objective on shares of Ashland Global Holdings in a report on Sunday, July 30th. TheStreet lowered shares of Ashland Global Holdings from a “b” rating to a “c+” rating in a report on Tuesday, August 1st. BidaskClub lowered shares of Ashland Global Holdings from a “buy” rating to a “hold” rating in a report on Tuesday, August 1st. Finally, Zacks Investment Research lowered shares of Ashland Global Holdings from a “hold” rating to a “strong sell” rating in a report on Thursday, August 3rd. Two analysts have rated the stock with a sell rating, three have given a hold rating and three have given a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average price target of $88.83.
Shares of Ashland Global Holdings (NYSE ASH) opened at 65.39 on Thursday. Ashland Global Holdings has a one year low of $51.61 and a one year high of $67.90. The stock’s market capitalization is $4.08 billion. The stock’s 50 day moving average is $62.18 and its 200-day moving average is $63.03.
Ashland Global Holdings (NYSE:ASH) last posted its earnings results on Tuesday, August 1st. The basic materials company reported $0.83 EPS for the quarter, beating the Zacks’ consensus estimate of $0.70 by $0.13. The firm had revenue of $870.00 million for the quarter, compared to the consensus estimate of $842.78 million. Ashland Global Holdings had a negative net margin of 4.71% and a positive return on equity of 10.62%. The company’s revenue was up 10.1% on a year-over-year basis. During the same period last year, the firm posted $1.95 EPS. On average, equities research analysts predict that Ashland Global Holdings will post $4.40 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 15th. Shareholders of record on Friday, September 1st were given a dividend of $0.225 per share. This represents a $0.90 annualized dividend and a yield of 1.38%. The ex-dividend date was Wednesday, August 30th. Ashland Global Holdings’s payout ratio is currently -25.42%.
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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