Media headlines about Ashland Global (NYSE:ASH) have trended somewhat positive this week, Accern Sentiment reports. The research group scores the sentiment of press coverage by reviewing more than 20 million news and blog sources. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Ashland Global earned a news sentiment score of 0.08 on Accern’s scale. Accern also gave media headlines about the basic materials company an impact score of 46.3037799168887 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect 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 scoring:
- Does Ashland Global Holdings Inc’s (ASH) 52.8% EPS Growth Reflect The Long-Term Trend? (finance.yahoo.com)
- Ashland Announces Price Increase on Composites Resins and Gelcoats in North America Effective January 1, 2018 (prweb.com)
- SunTrust Banks Raises Ashland Global (ASH) Price Target to $83.00 (americanbankingnews.com)
- Stocks To Watch: Ashland Global Sees Relative Strength Rating Rise To 83 (finance.yahoo.com)
- Ashland Global Holdings, Inc. : ASH-US: Dividend Analysis : December 01st, 2017 (record date) : By the numbers : December 1, 2017 (finance.yahoo.com)
A number of equities analysts have recently commented on the company. Deutsche Bank raised their price objective on Ashland Global from $74.00 to $78.00 and gave the stock a “buy” rating in a report on Wednesday, November 8th. SunTrust Banks restated a “buy” rating and issued a $74.00 price objective on shares of Ashland Global in a report on Friday, November 10th. UBS raised their price objective on Ashland Global from $74.00 to $78.00 and gave the stock a “buy” rating in a report on Tuesday, November 7th. Zacks Investment Research downgraded Ashland Global from a “buy” rating to a “hold” rating in a report on Monday, November 13th. Finally, Jefferies Group restated a “buy” rating and issued a $77.00 price objective (up from $74.00) on shares of Ashland Global in a report on Tuesday, September 26th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and four have assigned a buy rating to the company’s stock. Ashland Global presently has a consensus rating of “Hold” and an average price target of $82.57.
Ashland Global (NYSE ASH) traded up $0.16 during trading on Thursday, hitting $70.56. The stock had a trading volume of 661,357 shares, compared to its average volume of 903,126. The stock has a market cap of $4,370.00, a P/E ratio of 15.98, a price-to-earnings-growth ratio of 2.10 and a beta of 1.10. The company has a current ratio of 1.97, a quick ratio of 1.31 and a debt-to-equity ratio of 0.76. Ashland Global has a 52 week low of $53.79 and a 52 week high of $74.75.
Ashland Global (NYSE:ASH) last posted its earnings results on Monday, November 6th. The basic materials company reported $0.78 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.69 by $0.09. The company had revenue of $880.00 million during the quarter, compared to analyst estimates of $869.62 million. During the same quarter last year, the business posted $1.52 EPS. Ashland Global’s quarterly revenue was up 16.7% compared to the same quarter last year. analysts expect that Ashland Global will post 3.42 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Friday, December 15th. Stockholders of record on Friday, December 1st will be paid a $0.225 dividend. The ex-dividend date of this dividend is Thursday, November 30th. This represents a $0.90 dividend on an annualized basis and a dividend yield of 1.28%. Ashland Global’s dividend payout ratio (DPR) is currently -53.25%.
In other news, insider Peter Ganz sold 3,379 shares of the stock in a transaction dated Monday, November 20th. The stock was sold at an average price of $70.63, for a total value of $238,658.77. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO J Kevin Willis sold 8,152 shares of the stock in a transaction dated Monday, November 27th. The shares were sold at an average price of $70.70, for a total value of $576,346.40. The disclosure for this sale can be found here. In the last quarter, insiders sold 16,342 shares of company stock valued at $1,148,839. Insiders own 1.27% of the company’s stock.
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Ashland Global Company Profile
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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