Ashland Global (ASH) – Analysts’ Weekly Ratings Updates

Several analysts have recently updated their ratings and price targets for Ashland Global (NYSE: ASH):

  • 7/28/2022 – Ashland Global had its “maintains” rating reaffirmed by analysts at BMO Capital Markets.
  • 7/28/2022 – Ashland Global had its “maintains” rating reaffirmed by analysts at Wells Fargo & Company.
  • 7/27/2022 – Ashland Global was downgraded by analysts at StockNews.com from a “buy” rating to a “hold” rating.
  • 7/27/2022 – Ashland Global had its price target raised by analysts at UBS Group AG from $127.00 to $131.00. They now have a “buy” rating on the stock.
  • 7/19/2022 – Ashland Global had its price target raised by analysts at Mizuho from $138.00 to $139.00. They now have a “buy” rating on the stock.
  • 7/19/2022 – Ashland Global had its price target lowered by analysts at Deutsche Bank Aktiengesellschaft from $122.00 to $120.00.
  • 7/18/2022 – Ashland Global had its price target lowered by analysts at Wells Fargo & Company from $113.00 to $107.00. They now have an “equal weight” rating on the stock.
  • 7/18/2022 – Ashland Global had its price target raised by analysts at Stifel Nicolaus from $136.00 to $140.00.
  • 7/15/2022 – Ashland Global was upgraded by analysts at StockNews.com from a “hold” rating to a “buy” rating.
  • 7/6/2022 – Ashland Global had its price target raised by analysts at Mizuho from $135.00 to $138.00. They now have a “buy” rating on the stock.

Ashland Global Price Performance

Shares of Ashland Global stock opened at $100.91 on Friday. Ashland Global Holdings Inc. has a one year low of $81.93 and a one year high of $112.91. The stock’s fifty day moving average is $102.45 and its 200 day moving average is $99.48. The stock has a market cap of $5.50 billion, a P/E ratio of 6.35 and a beta of 1.10. The company has a debt-to-equity ratio of 0.40, a quick ratio of 1.79 and a current ratio of 2.50.

Ashland Global (NYSE:ASHGet Rating) last issued its earnings results on Tuesday, July 26th. The basic materials company reported $1.89 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.67 by $0.22. Ashland Global had a return on equity of 10.59% and a net margin of 38.83%. During the same period in the previous year, the business earned $1.22 EPS. Sell-side analysts anticipate that Ashland Global Holdings Inc. will post 5.58 earnings per share for the current year.

Ashland Global Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, June 15th. Investors of record on Wednesday, June 1st were given a $0.335 dividend. The ex-dividend date was Tuesday, May 31st. This represents a $1.34 annualized dividend and a yield of 1.33%. This is a positive change from Ashland Global’s previous quarterly dividend of $0.30. Ashland Global’s dividend payout ratio (DPR) is currently 8.43%.

Insider Buying and Selling

In related news, insider Eric N. Boni sold 2,657 shares of Ashland Global stock in a transaction dated Wednesday, June 8th. The stock was sold at an average price of $109.50, for a total value of $290,941.50. Following the completion of the transaction, the insider now owns 10,640 shares in the company, valued at $1,165,080. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. In other Ashland Global news, insider Eric N. Boni sold 2,657 shares of the business’s stock in a transaction that occurred on Wednesday, June 8th. The stock was sold at an average price of $109.50, for a total transaction of $290,941.50. Following the completion of the transaction, the insider now owns 10,640 shares in the company, valued at $1,165,080. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO J Kevin Willis sold 4,235 shares of the business’s stock in a transaction that occurred on Thursday, June 2nd. The shares were sold at an average price of $105.58, for a total value of $447,131.30. Following the transaction, the chief financial officer now owns 4,066 shares of the company’s stock, valued at approximately $429,288.28. The disclosure for this sale can be found here. 7.79% of the stock is currently owned by company insiders.

Institutional Trading of Ashland Global

Institutional investors and hedge funds have recently modified their holdings of the stock. State Street Corp raised its stake in shares of Ashland Global by 1.7% during the fourth quarter. State Street Corp now owns 1,775,929 shares of the basic materials company’s stock valued at $191,197,000 after acquiring an additional 28,967 shares in the last quarter. SG Americas Securities LLC raised its stake in shares of Ashland Global by 85.0% during the first quarter. SG Americas Securities LLC now owns 25,968 shares of the basic materials company’s stock valued at $2,556,000 after acquiring an additional 11,932 shares in the last quarter. PFG Private Wealth Management LLC bought a new position in Ashland Global in the first quarter worth approximately $113,000. Covestor Ltd bought a new position in Ashland Global in the fourth quarter worth approximately $71,000. Finally, Bank of America Corp DE raised its stake in Ashland Global by 43.8% in the fourth quarter. Bank of America Corp DE now owns 66,988 shares of the basic materials company’s stock worth $7,212,000 after buying an additional 20,414 shares in the last quarter. Institutional investors own 96.75% of the company’s stock.

Ashland Global Holdings Inc provides additives and specialty ingredients worldwide. It operates through Life Sciences; Personal Care & Household; Specialty Additives; and Intermediates and Solvents segments. The Life Sciences segment offers pharmaceutical solutions, including controlled release polymers, disintegrants, tablet coatings, thickeners, solubilizers, and tablet binders; nutrition solutions, such as thickeners, stabilizers, emulsifiers, and additives; and nutraceutical solutions comprising products for weight management, joint comfort, stomach and intestinal health, sports nutrition, and general wellness, as well as custom formulation, toll processing, and particle engineering solutions.

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