Ashland Global (NYSE:ASH) Given New $120.00 Price Target at Deutsche Bank Aktiengesellschaft

Ashland Global (NYSE:ASHGet Rating) had its price target upped by stock analysts at Deutsche Bank Aktiengesellschaft from $115.00 to $120.00 in a research report issued to clients and investors on Wednesday, The Fly reports. The firm currently has a “buy” rating on the basic materials company’s stock. Deutsche Bank Aktiengesellschaft’s target price points to a potential upside of 12.97% from the company’s previous close.

A number of other equities analysts have also issued reports on the company. Stifel Nicolaus raised their target price on Ashland Global from $130.00 to $136.00 in a research note on Thursday, February 3rd. Mizuho raised their target price on Ashland Global from $127.00 to $129.00 and gave the stock a “buy” rating in a research note on Friday, March 25th. JPMorgan Chase & Co. reduced their price objective on Ashland Global from $109.00 to $107.00 and set a “neutral” rating for the company in a research note on Wednesday, January 19th. Wells Fargo & Company lowered Ashland Global from an “overweight” rating to an “equal weight” rating and reduced their price objective for the company from $120.00 to $110.00 in a research note on Wednesday, January 19th. Finally, TheStreet lowered Ashland Global from a “b-” rating to a “c” rating in a research note on Friday, March 18th. Five equities research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus target price of $119.88.

Ashland Global stock opened at $106.22 on Wednesday. The stock has a market capitalization of $6.05 billion, a price-to-earnings ratio of 30.35 and a beta of 1.28. The company has a debt-to-equity ratio of 0.57, a current ratio of 1.91 and a quick ratio of 1.33. The business has a fifty day moving average price of $94.89 and a 200-day moving average price of $98.19. Ashland Global has a 1-year low of $81.93 and a 1-year high of $110.74.

Ashland Global (NYSE:ASHGet Rating) last issued its earnings results on Tuesday, February 1st. The basic materials company reported $0.88 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.87 by $0.01. The company had revenue of $512.00 million during the quarter, compared to analyst estimates of $512.44 million. Ashland Global had a return on equity of 8.92% and a net margin of 9.07%. The firm’s quarterly revenue was up 9.4% on a year-over-year basis. During the same quarter last year, the business posted $0.66 EPS. On average, equities research analysts anticipate that Ashland Global will post 4.98 earnings per share for the current fiscal year.

Institutional investors have recently made changes to their positions in the stock. Sageworth Trust Co of South Dakota purchased a new position in shares of Ashland Global in the 4th quarter valued at about $27,000. Concord Wealth Partners purchased a new position in shares of Ashland Global in the 4th quarter valued at about $35,000. Kenfarb & CO. purchased a new position in shares of Ashland Global in the 4th quarter valued at about $39,000. First Manhattan Co. purchased a new position in shares of Ashland Global in the 3rd quarter valued at about $60,000. Finally, Covestor Ltd acquired a new stake in Ashland Global in the 4th quarter worth about $71,000. Hedge funds and other institutional investors own 91.88% of the company’s stock.

Ashland Global Company Profile (Get Rating)

Ashland Global Holdings, Inc is a global specialty chemicals company. The company engages in the manufacture and distribution of adhesives, architectural coatings, automotive, construction, energy, food and beverage, personal care, and pharmaceutical. It operates through the following segments: Life Sciences, Personal Care & Household, Specialty Additives, and Intermediates and Solvents.

Read More

The Fly logo

Analyst Recommendations for Ashland Global (NYSE:ASH)

Receive News & Ratings for Ashland Global Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Ashland Global and related companies with MarketBeat.com's FREE daily email newsletter.