Research Analysts Set Expectations for Ashland Global Holdings Inc’s Q4 2019 Earnings (ASH)

Ashland Global Holdings Inc (NYSE:ASH) – Analysts at Jefferies Financial Group issued their Q4 2019 EPS estimates for shares of Ashland Global in a research report issued to clients and investors on Wednesday, November 7th. Jefferies Financial Group analyst L. Alexander forecasts that the basic materials company will post earnings of $1.30 per share for the quarter.

Other analysts also recently issued reports about the stock. Zacks Investment Research downgraded shares of Ashland Global from a “buy” rating to a “hold” rating in a report on Tuesday, August 28th. JPMorgan Chase & Co. lifted their price target on shares of Ashland Global from $81.00 to $87.00 and gave the company a “neutral” rating in a report on Friday, August 24th. Credit Suisse Group lifted their price target on shares of Ashland Global from $86.00 to $95.00 and gave the company a “buy” rating in a report on Thursday, August 2nd. KeyCorp reiterated a “buy” rating and issued a $93.00 price target on shares of Ashland Global in a report on Thursday, August 2nd. Finally, UBS Group lifted their price target on shares of Ashland Global from $93.00 to $96.00 and gave the company a “buy” rating in a report on Tuesday, October 2nd. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and nine have assigned a buy rating to the company’s stock. Ashland Global currently has an average rating of “Buy” and an average price target of $91.56.

Shares of NYSE ASH opened at $83.63 on Friday. The company has a debt-to-equity ratio of 0.67, a quick ratio of 1.37 and a current ratio of 1.59. The firm has a market capitalization of $5.24 billion, a price-to-earnings ratio of 23.36, a P/E/G ratio of 1.95 and a beta of 1.28. Ashland Global has a 52-week low of $64.81 and a 52-week high of $86.63.

Ashland Global (NYSE:ASH) last announced its quarterly earnings data on Tuesday, November 6th. The basic materials company reported $0.97 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.97. The firm had revenue of $956.00 million for the quarter, compared to the consensus estimate of $926.50 million. Ashland Global had a net margin of 3.05% and a return on equity of 6.71%. The company’s revenue was up 8.6% on a year-over-year basis. During the same period last year, the firm earned $0.78 EPS.

Several large investors have recently modified their holdings of the business. BlackRock Inc. grew its stake in shares of Ashland Global by 0.5% in the 3rd quarter. BlackRock Inc. now owns 5,452,799 shares of the basic materials company’s stock worth $457,271,000 after buying an additional 26,295 shares in the last quarter. Schroder Investment Management Group grew its stake in shares of Ashland Global by 0.3% in the 2nd quarter. Schroder Investment Management Group now owns 1,454,873 shares of the basic materials company’s stock worth $113,596,000 after buying an additional 4,458 shares in the last quarter. Dimensional Fund Advisors LP grew its stake in shares of Ashland Global by 3.4% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,288,628 shares of the basic materials company’s stock worth $100,745,000 after buying an additional 42,954 shares in the last quarter. Victory Capital Management Inc. grew its stake in shares of Ashland Global by 11.8% in the 3rd quarter. Victory Capital Management Inc. now owns 1,036,595 shares of the basic materials company’s stock worth $86,929,000 after buying an additional 109,300 shares in the last quarter. Finally, DekaBank Deutsche Girozentrale grew its stake in shares of Ashland Global by 35.7% in the 3rd quarter. DekaBank Deutsche Girozentrale now owns 671,495 shares of the basic materials company’s stock worth $56,345,000 after buying an additional 176,800 shares in the last quarter. 93.25% of the stock is owned by institutional investors and hedge funds.

In other Ashland Global news, VP Keith C. Silverman sold 2,286 shares of Ashland Global stock in a transaction on Tuesday, September 18th. The shares were sold at an average price of $84.71, for a total value of $193,647.06. Following the completion of the transaction, the vice president now directly owns 4,183 shares of the company’s stock, valued at approximately $354,341.93. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 1.14% of the company’s stock.

About Ashland Global

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

Featured Article: Diversification Important in Investing

Earnings History and Estimates 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.

Leave a Reply