NYSE:ASH - Ashland Global Stock Price, News, & Analysis

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$78.03 -1.00 (-1.27 %)
(As of 03/19/2019 04:00 PM ET)
Previous Close$79.03
Today's Range$77.76 - $79.61
52-Week Range$64.81 - $86.63
Volume18,375 shs
Average Volume711,803 shs
Market Capitalization$4.89 billion
P/E Ratio21.80
Dividend Yield1.28%
Beta1.31
Ashland Global Holdings Inc. provides specialty chemical solutions worldwide. The company's Specialty Ingredients segment offers products, technologies, and resources for solving formulation and product-performance challenges. It provides solutions using natural, synthetic, and semisynthetic polymers derived from cellulose ethers, vinyl pyrrolidones, acrylic polymers, polyester and polyurethane-based adhesives, and plant and seed extracts. This segment offers its solutions for the pharmaceutical companies; makers of personal care products, food, and beverages; makers of nutraceuticals and supplements; manufacturers of paint, coatings, and construction materials; packaging and converting markets; and oilfield service companies. Its Composites segment manufactures and sells a range of unsaturated polyester and vinyl ester resins, gelcoats, and low-profile additives for the reinforced plastics industry; and molten maleic anhydride for the manufacture of various products, such as unsaturated polyester resins, copolymers, lubricating oil additives, alkenyl succinic anhydrides, malic acid, fumaric acid, and derivative chemicals. This segment serves manufacturers of residential and commercial building products, industrial product specifiers and manufacturers, wind blade manufacturers, pipe manufacturers, automotive and truck original equipment manufacturers and suppliers, boat builders, and chemical producers. The company's Intermediates and Solvents produces 1,4 butanediol and related derivatives, including tetrahydrofuran and n-methylpyrrolidone that are used as chemical intermediates in the production of engineering polymers and polyurethanes, as well as specialty process solvents used in electronics, pharmaceuticals, water filtration membranes, and others. The company was formerly known as Ashland Inc. and changed its name to Ashland Global Holdings Inc. in September 2016. Ashland Global Holdings Inc. was founded in 1924 and is headquartered in Covington, Kentucky.

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Industry, Sector and Symbol

Industry Chemicals & allied products
Sub-IndustrySpecialty Chemicals
SectorBasic Materials
CUSIP04420910
Phone859-815-3333

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$3.74 billion
Cash Flow$8.7674 per share
Book Value$54.56 per share

Profitability

Net Income$114 million

Miscellaneous

Employees6,000
Market Cap$4.89 billion
Next Earnings Date5/7/2019 (Estimated)
OptionableOptionable

Ashland Global (NYSE:ASH) Frequently Asked Questions

What is Ashland Global's stock symbol?

Ashland Global trades on the New York Stock Exchange (NYSE) under the ticker symbol "ASH."

How often does Ashland Global pay dividends? What is the dividend yield for Ashland Global?

Ashland Global announced a quarterly dividend on Friday, February 1st. Investors of record on Friday, March 1st will be given a dividend of $0.25 per share on Friday, March 15th. This represents a $1.00 annualized dividend and a yield of 1.28%. The ex-dividend date of this dividend is Thursday, February 28th. View Ashland Global's Dividend History.

How will Ashland Global's stock buyback program work?

Ashland Global declared that its board has approved a share buyback plan on Wednesday, March 21st 2018, which permits the company to repurchase $1,000,000,000.00 in outstanding shares, according to EventVestor. This repurchase authorization permits the company to repurchase shares of its stock through open market purchases. Shares repurchase plans are often a sign that the company's board believes its stock is undervalued.

How were Ashland Global's earnings last quarter?

Ashland Global Holdings Inc (NYSE:ASH) posted its quarterly earnings results on Tuesday, February, 5th. The basic materials company reported $0.14 earnings per share for the quarter, topping the consensus estimate of $0.11 by $0.03. The basic materials company earned $576 million during the quarter, compared to analyst estimates of $585.78 million. Ashland Global had a net margin of 2.01% and a return on equity of 6.17%. Ashland Global's quarterly revenue was down .9% on a year-over-year basis. During the same period in the prior year, the company posted $0.03 EPS. View Ashland Global's Earnings History.

When is Ashland Global's next earnings date?

Ashland Global is scheduled to release their next quarterly earnings announcement on Tuesday, May 7th 2019. View Earnings Estimates for Ashland Global.

What guidance has Ashland Global issued on next quarter's earnings?

Ashland Global updated its FY19 earnings guidance on Tuesday, February, 5th. The company provided earnings per share (EPS) guidance of $3.10-3.40 for the period, compared to the Thomson Reuters consensus estimate of $3.25. Ashland Global also updated its FY 2019 guidance to $3.10-3.40 EPS.

What price target have analysts set for ASH?

10 equities research analysts have issued 1-year price objectives for Ashland Global's shares. Their predictions range from $68.23 to $96.00. On average, they anticipate Ashland Global's share price to reach $89.6538 in the next year. This suggests a possible upside of 14.9% from the stock's current price. View Analyst Price Targets for Ashland Global.

What is the consensus analysts' recommendation for Ashland Global?

10 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Ashland Global in the last year. There are currently 1 hold rating and 9 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for Ashland Global.

What are Wall Street analysts saying about Ashland Global stock?

Here are some recent quotes from research analysts about Ashland Global stock:
  • 1. According to Zacks Investment Research, "Ashland Global Holdings Inc. is engaged in providing specialty chemical solutions. It serves consumer and industrial markets which includes adhesives, architectural coatings, automotive, construction, energy, food and beverage, personal care and pharmaceutical sector. Ashland Global Holdings Inc., formerly known as Ashland Inc., is based in Covington, United States. " (12/5/2018)
  • 2. KeyCorp analysts commented, "Supported by strength in both Materials and Chemical, along with improvements in price/mix benefits and lower raw material costs (particularly CTO), NGVT reported robust 1Q18 results with adjusted EBITDA of $67.1M compared to our/Street’s $56M/ $56.4M. With solid performance during the quarter and robust market dynamics, management updated 2018 guidance which now calls for sales of $1.10B-$1.13B ($1.07B-$1.13B) and adjusted EBITDA of $293M-$307M ($285M-$305M previously). With the updated outlook, we raise our 2018 EBITDA to $300M from $295M. Maintain Outperform." (5/3/2018)

Has Ashland Global been receiving favorable news coverage?

Press coverage about ASH stock has trended neutral recently, InfoTrie Sentiment Analysis reports. The research group rates the sentiment of press coverage by analyzing more than six thousand blog and news sources in real-time. The firm ranks coverage of publicly-traded companies on a scale of negative five to five, with scores nearest to five being the most favorable. Ashland Global earned a daily sentiment score of 0.4 on InfoTrie's scale. They also assigned press coverage about the basic materials company a news buzz of 6.0 out of 10, meaning that recent press coverage is somewhat likely to have an effect on the company's share price in the near term.

Who are some of Ashland Global's key competitors?

What other stocks do shareholders of Ashland Global own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Ashland Global investors own include Verizon Communications (VZ), Intel (INTC), Activision Blizzard (ATVI), ConocoPhillips (COP), Celgene (CELG), Citigroup (C), General Electric (GE), 3M (MMM), Blackstone Group (BX) and Netflix (NFLX).

Who are Ashland Global's key executives?

Ashland Global's management team includes the folowing people:
  • Mr. William A. Wulfsohn, Chairman & CEO (Age 57)
  • Mr. John Kevin Willis, Sr. VP & CFO (Age 54)
  • Dr. Keith C. Silverman Ph.D., Sr. VP of Global Operations, Quality, Environmental, Health & Safety (Age 52)
  • Mr. Peter J. Ganz, Sr. VP, Gen. Counsel, Sec. and Chief Legal & Compliance Officer (Age 57)
  • Ms. Anne T. Schumann, Sr. VP and Chief HR & Information Technology Officer (Age 59)

Who are Ashland Global's major shareholders?

Ashland Global's stock is owned by a variety of of retail and institutional investors. Top institutional shareholders include BlackRock Inc. (8.94%), Wedge Capital Management L L P NC (2.13%), Dimensional Fund Advisors LP (2.06%), FMR LLC (1.98%), Naya Capital Management UK Ltd. (1.75%) and Newport Trust Co (1.66%). Company insiders that own Ashland Global stock include Anne T Schumann, J Kevin Willis, Keith C Silverman, Osama M Musa, Peter Ganz and William J Heitman. View Institutional Ownership Trends for Ashland Global.

Which institutional investors are selling Ashland Global stock?

ASH stock was sold by a variety of institutional investors in the last quarter, including Lord Abbett & CO. LLC, FMR LLC, Highbridge Capital Management LLC, Victory Capital Management Inc., Wedge Capital Management L L P NC, Amundi Pioneer Asset Management Inc., Hennessy Advisors Inc. and Exane Asset Management. Company insiders that have sold Ashland Global company stock in the last year include J Kevin Willis, Keith C Silverman and Osama M Musa. View Insider Buying and Selling for Ashland Global.

Which institutional investors are buying Ashland Global stock?

ASH stock was acquired by a variety of institutional investors in the last quarter, including Norges Bank, Millennium Management LLC, Naya Capital Management UK Ltd., WINTON GROUP Ltd, Gotham Asset Management LLC, BlackRock Inc., Financial Advocates Investment Management and Squarepoint Ops LLC. View Insider Buying and Selling for Ashland Global.

How do I buy shares of Ashland Global?

Shares of ASH can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.

What is Ashland Global's stock price today?

One share of ASH stock can currently be purchased for approximately $78.03.

How big of a company is Ashland Global?

Ashland Global has a market capitalization of $4.89 billion and generates $3.74 billion in revenue each year. The basic materials company earns $114 million in net income (profit) each year or $3.58 on an earnings per share basis. Ashland Global employs 6,000 workers across the globe.

What is Ashland Global's official website?

The official website for Ashland Global is http://www.ashland.com.

How can I contact Ashland Global?

Ashland Global's mailing address is 50 East RiverCenter Boulevard, COVINGTON KY, 41011. The basic materials company can be reached via phone at 859-815-3333 or via email at [email protected]


MarketBeat Community Rating for Ashland Global (NYSE ASH)

Community Ranking:  3.0 out of 5 (star star star)
Outperform Votes:  458 (Vote Outperform)
Underperform Votes:  313 (Vote Underperform)
Total Votes:  771
MarketBeat's community ratings are surveys of what our community members think about Ashland Global and other stocks. Vote "Outperform" if you believe ASH will outperform the S&P 500 over the long term. Vote "Underperform" if you believe ASH will underperform the S&P 500 over the long term. You may vote once every thirty days.
This page was last updated on 3/19/2019 by MarketBeat.com Staff

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