Press coverage about Ashland Global (NYSE:ASH) has trended somewhat positive on Monday, Accern reports. Accern identifies negative and positive media coverage by analyzing more than twenty million news and blog 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 earned a media sentiment score of 0.15 on Accern’s scale. Accern also assigned press coverage about the basic materials company an impact score of 46.3286510505629 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the next several days.
These are some of the media headlines that may have effected Accern Sentiment Analysis’s analysis:
- What Investors Should Know About Ashland Global Holdings Inc’s (NYSE:ASH) Financial Strength (finance.yahoo.com)
- Merger talks between Croda and Ashland were called off in January – Reuters (finanznachrichten.de)
- British Chemicals Firm Croda Ends Merger Talks With Ashland-Source (nytimes.com)
- Ashland announces global price increases on products sold into industrial markets (automotiveworld.com)
- Ashland to Increase Global Prices of Specific Products (zacks.com)
Shares of Ashland Global (NYSE:ASH) traded up $0.47 during trading hours on Monday, reaching $70.24. 879,075 shares of the company’s stock traded hands, compared to its average volume of 1,340,000. The company has a debt-to-equity ratio of 0.76, a current ratio of 1.96 and a quick ratio of 1.29. Ashland Global has a twelve month low of $59.80 and a twelve month high of $128.19. The stock has a market capitalization of $4,340.00, a P/E ratio of -92.42, a P/E/G ratio of 2.18 and a beta of 1.14.
Ashland Global (NYSE:ASH) last issued its quarterly earnings results on Monday, January 29th. The basic materials company reported $0.42 earnings per share for the quarter, missing the consensus estimate of $0.43 by ($0.01). Ashland Global had a negative net margin of 0.08% and a positive return on equity of 7.14%. The firm had revenue of $842.00 million for the quarter, compared to analysts’ expectations of $842.05 million. During the same period in the prior year, the firm earned $1.16 EPS. research analysts expect that Ashland Global will post 3.2 EPS for the current year.
The company also recently declared a quarterly dividend, which will be paid on Thursday, March 15th. Shareholders of record on Thursday, March 1st will be issued a dividend of $0.225 per share. This represents a $0.90 annualized dividend and a yield of 1.28%. The ex-dividend date of this dividend is Wednesday, February 28th. Ashland Global’s dividend payout ratio is currently -118.42%.
A number of equities analysts recently issued reports on ASH shares. Zacks Investment Research raised shares of Ashland Global from a “hold” rating to a “buy” rating and set a $75.00 price objective on the stock in a report on Tuesday, October 24th. Credit Suisse Group raised their price objective on shares of Ashland Global from $65.00 to $69.00 and gave the stock a “neutral” rating in a report on Wednesday, November 8th. UBS Group raised their price objective on shares of Ashland Global from $74.00 to $78.00 and gave the stock a “buy” rating in a report on Tuesday, November 7th. Deutsche Bank lifted their price target on shares of Ashland Global from $74.00 to $78.00 and gave the company a “buy” rating in a report on Wednesday, November 8th. Finally, SunTrust Banks lifted their price target on shares of Ashland Global to $83.00 and gave the company a “buy” rating in a report on Friday, December 1st. One research analyst has rated the stock with a sell rating, five have given a hold rating and five have given a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus target price of $83.00.
In other news, CFO J Kevin Willis sold 1,352 shares of Ashland Global stock in a transaction that occurred on Wednesday, November 15th. The shares were sold at an average price of $66.23, for a total transaction of $89,542.96. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider Anne T. Schumann sold 11,733 shares of Ashland Global stock in a transaction that occurred on Wednesday, January 17th. The shares were sold at an average price of $73.26, for a total transaction of $859,559.58. The disclosure for this sale can be found here. Insiders have sold 41,077 shares of company stock worth $2,949,366 in the last ninety days. Insiders own 1.14% of the company’s stock.
About Ashland Global
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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