ValuEngine lowered shares of Ashland Global (NYSE:ASH) from a buy rating to a hold rating in a report released on Saturday morning, ValuEngine reports.

A number of other brokerages have also commented on ASH. TheStreet raised Ashland Global from a c+ rating to a b rating in a report on Wednesday, May 1st. Credit Suisse Group reissued a buy rating and set a $90.00 price objective on shares of Ashland Global in a report on Monday, February 4th. Finally, Zacks Investment Research lowered Ashland Global from a hold rating to a sell rating in a report on Friday, May 3rd. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and eight have issued a buy rating to the company. The stock currently has a consensus rating of Buy and a consensus target price of $89.80.

Shares of ASH opened at $72.11 on Friday. The company has a debt-to-equity ratio of 0.68, a current ratio of 2.27 and a quick ratio of 1.62. The company has a market cap of $4.55 billion, a price-to-earnings ratio of 20.14, a P/E/G ratio of 2.42 and a beta of 1.30. Ashland Global has a 52 week low of $64.93 and a 52 week high of $86.63.

Ashland Global (NYSE:ASH) last issued its quarterly earnings data on Tuesday, April 30th. The basic materials company reported $0.83 EPS for the quarter, topping analysts’ consensus estimates of $0.82 by $0.01. The firm had revenue of $667.00 million during the quarter, compared to analyst estimates of $680.96 million. Ashland Global had a return on equity of 5.79% and a net margin of 2.30%. The company’s revenue for the quarter was down 31.5% on a year-over-year basis. During the same period in the previous year, the company posted $1.06 EPS. Analysts expect that Ashland Global will post 2.99 EPS for the current year.

In other news, insider William J. Heitman sold 7,203 shares of the company’s stock in a transaction that occurred on Monday, April 15th. The stock was sold at an average price of $79.49, for a total value of $572,566.47. Following the completion of the transaction, the insider now directly owns 6,303 shares of the company’s stock, valued at $501,025.47. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, insider Osama M. Musa sold 2,156 shares of the company’s stock in a transaction that occurred on Thursday, March 14th. The shares were sold at an average price of $78.87, for a total value of $170,043.72. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 17,221 shares of company stock valued at $1,359,296. 1.14% of the stock is currently owned by corporate insiders.

Hedge funds have recently added to or reduced their stakes in the company. Ffcm LLC bought a new position in shares of Ashland Global in the fourth quarter valued at approximately $28,000. Semmax Financial Advisors Inc. bought a new position in shares of Ashland Global in the fourth quarter valued at approximately $28,000. Northwestern Mutual Wealth Management Co. grew its holdings in shares of Ashland Global by 517.2% in the first quarter. Northwestern Mutual Wealth Management Co. now owns 358 shares of the basic materials company’s stock valued at $28,000 after acquiring an additional 300 shares in the last quarter. Doyle Wealth Management bought a new position in shares of Ashland Global in the fourth quarter valued at approximately $45,000. Finally, Robeco Institutional Asset Management B.V. grew its holdings in shares of Ashland Global by 36.4% in the fourth quarter. Robeco Institutional Asset Management B.V. now owns 682 shares of the basic materials company’s stock valued at $48,000 after acquiring an additional 182 shares in the last quarter. 92.98% of the stock is owned by institutional investors.

About Ashland Global

Ashland Global Holdings Inc provides specialty chemical solutions worldwide. The company's Specialty Ingredients segment offers products, technologies, and resources for solving formulation and product-performance challenges. It provides solutions using natural, synthetic, and semisynthetic polymers derived from cellulose ethers, vinyl pyrrolidones, acrylic polymers, polyester and polyurethane-based adhesives, and plant and seed extracts.

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Analyst Recommendations for Ashland Global (NYSE:ASH)

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