Ashland (NYSE:ASH) Raised to “Buy” at StockNews.com

Ashland (NYSE:ASHGet Rating) was upgraded by stock analysts at StockNews.com from a “hold” rating to a “buy” rating in a research report issued on Wednesday.

A number of other brokerages have also recently weighed in on ASH. Stifel Nicolaus lifted their price objective on shares of Ashland from $143.00 to $148.00 in a research note on Friday, September 23rd. Credit Suisse Group boosted their price objective on shares of Ashland from $120.00 to $125.00 and gave the company an “outperform” rating in a research report on Tuesday, November 8th. Mizuho increased their price objective on Ashland from $138.00 to $139.00 and gave the stock a “buy” rating in a report on Tuesday, July 19th. Wells Fargo & Company upped their price target on Ashland from $104.00 to $118.00 and gave the stock an “equal weight” rating in a research note on Wednesday, November 9th. Finally, UBS Group raised their price target on Ashland from $127.00 to $131.00 and gave the company a “buy” rating in a research report on Wednesday, July 27th. Two analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat, Ashland presently has an average rating of “Moderate Buy” and a consensus target price of $126.56.

Ashland Stock Performance

Ashland stock opened at $111.68 on Wednesday. Ashland has a 52 week low of $83.29 and a 52 week high of $112.91. The company has a current ratio of 3.20, a quick ratio of 2.06 and a debt-to-equity ratio of 0.39. The stock has a market cap of $6.05 billion, a P/E ratio of 6.89 and a beta of 1.00. The stock has a 50 day moving average of $100.19 and a 200-day moving average of $101.66.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. Nisa Investment Advisors LLC acquired a new stake in Ashland in the first quarter worth $3,960,000. SG Americas Securities LLC lifted its position in shares of Ashland by 85.0% during the first quarter. SG Americas Securities LLC now owns 25,968 shares of the basic materials company’s stock worth $2,556,000 after acquiring an additional 11,932 shares in the last quarter. Eos Focused Equity Management L.P. lifted its holdings in shares of Ashland by 1.4% in the first quarter. Eos Focused Equity Management L.P. now owns 97,022 shares of the basic materials company’s stock worth $9,548,000 after buying an additional 1,344 shares in the last quarter. Envestnet Asset Management Inc. raised its position in shares of Ashland by 7.9% in the first quarter. Envestnet Asset Management Inc. now owns 28,071 shares of the basic materials company’s stock worth $2,762,000 after buying an additional 2,066 shares in the last quarter. Finally, Commonwealth Equity Services LLC increased its holdings in shares of Ashland by 3.4% in the 1st quarter. Commonwealth Equity Services LLC now owns 7,001 shares of the basic materials company’s stock worth $688,000 after buying an additional 230 shares during the last quarter. Institutional investors and hedge funds own 93.26% of the company’s stock.

Ashland Company Profile

(Get Rating)

Ashland 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.

Recommended Stories

Analyst Recommendations for Ashland (NYSE:ASH)

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