Ashland Global Holdings (ASH) Earning Somewhat Positive News Coverage, Report Finds
News coverage about Ashland Global Holdings (NYSE:ASH) has been trending somewhat positive on Friday, Accern Sentiment Analysis reports. Accern identifies positive and negative news coverage by monitoring more than twenty million blog and news sources in real-time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Ashland Global Holdings earned a news sentiment score of 0.12 on Accern’s scale. Accern also assigned headlines about the basic materials company an impact score of 46.8669572334156 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the next several days.
Here are some of the news headlines that may have effected Accern Sentiment’s rankings:
- Ashland Global Holdings Sees Unusually High Options Volume (ASH) (americanbankingnews.com)
- Ashland Global Holdings, Inc. :ASH-US: Earnings Analysis: 2017 By the Numbers : November 23, 2017 (finance.yahoo.com)
- Ashland Global Holdings Inc. (ASH) CFO Sells $179,612.09 in Stock (americanbankingnews.com)
- Ashland Global Holdings Inc. (ASH) Insider Peter Ganz Sells 3,379 Shares (americanbankingnews.com)
- J Kevin Willis Sells 916 Shares of Ashland Global Holdings Inc. (ASH) Stock (americanbankingnews.com)
A number of equities research analysts have weighed in on ASH shares. Zacks Investment Research upgraded shares of Ashland Global Holdings from a “hold” rating to a “buy” rating and set a $75.00 price target on the stock in a research note on Tuesday, October 24th. Credit Suisse Group lifted their price target on shares of Ashland Global Holdings from $65.00 to $69.00 and gave the stock a “neutral” rating in a research note on Wednesday, November 8th. 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, September 3rd. BidaskClub cut Ashland Global Holdings from a “sell” rating to a “strong sell” rating in a report on Tuesday, August 8th. Finally, UBS AG lifted their price objective on Ashland Global Holdings from $74.00 to $78.00 and gave the company a “buy” rating in a report on Tuesday, November 7th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and four have given a buy rating to the stock. Ashland Global Holdings presently has a consensus rating of “Hold” and a consensus target price of $81.29.
Ashland Global Holdings (NYSE:ASH) last issued its quarterly earnings data on Monday, November 6th. The basic materials company reported $0.78 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.69 by $0.09. The company had revenue of $880.00 million for the quarter, compared to the consensus estimate of $869.62 million. The firm’s revenue was up 16.7% compared to the same quarter last year. During the same period in the previous year, the business posted $1.52 earnings per share. equities analysts forecast that Ashland Global Holdings will post 3.42 EPS for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 15th. Shareholders of record on Friday, December 1st will be issued a dividend of $0.225 per share. The ex-dividend date of this dividend is Thursday, November 30th. This represents a $0.90 dividend on an annualized basis and a dividend yield of 1.27%. Ashland Global Holdings’s payout ratio is presently -9,000,000.00%.
In related news, insider Peter Ganz sold 3,379 shares of Ashland Global Holdings stock in a transaction dated Monday, November 20th. The stock was sold at an average price of $70.63, for a total value of $238,658.77. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO J Kevin Willis sold 916 shares of Ashland Global Holdings stock in a transaction dated Friday, November 17th. The shares were sold at an average price of $70.61, for a total value of $64,678.76. The disclosure for this sale can be found here. Over the last three months, insiders have sold 8,190 shares of company stock valued at $572,493. Company insiders own 1.27% of the company’s stock.
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Ashland Global Holdings 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.
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