Ashland (ASH) Stock Forecast, Price & News

6 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Ashland in the last twelve months. There are currently 1 sell rating, 1 hold rating and 4 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "buy" ASH shares.
View ASH analyst ratings or view top-rated stocks.

6 Wall Street research analysts have issued twelve-month price targets for Ashland's shares. Their ASH share price forecasts range from $100.00 to $142.00. On average, they expect the company's share price to reach $121.25 in the next year. This suggests a possible upside of 42.8% from the stock's current price.
View analysts price targets for ASH or view top-rated stocks among Wall Street analysts.

Ashland's stock was trading at $107.53 on January 1st, 2023. Since then, ASH shares have decreased by 21.1% and is now trading at $84.88.
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Ashland saw a increase in short interest in the month of May. As of May 15th, there was short interest totaling 585,300 shares, an increase of 22.9% from the April 30th total of 476,300 shares. Based on an average trading volume of 435,900 shares, the short-interest ratio is presently 1.3 days. Approximately 1.1% of the shares of the stock are short sold.
View Ashland's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Tuesday, July 25th 2023.
View our ASH earnings forecast.

Ashland Inc. (NYSE:ASH) released its quarterly earnings results on Tuesday, May, 2nd. The basic materials company reported $1.43 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.52 by $0.09. The basic materials company had revenue of $603 million for the quarter, compared to analyst estimates of $627.61 million. Ashland had a net margin of 9.32% and a trailing twelve-month return on equity of 9.66%. The company's revenue for the quarter was down .2% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.50 EPS.

Ashland announced a quarterly dividend on Thursday, May 11th. Shareholders of record on Thursday, June 1st will be paid a dividend of $0.385 per share on Thursday, June 15th. This represents a $1.54 annualized dividend and a dividend yield of 1.81%. The ex-dividend date is Wednesday, May 31st. This is an increase from the stock's previous quarterly dividend of $0.34.
Read our dividend analysis for ASH.

ETFs with the largest weight of Ashland (NYSE:ASH) stock in their portfolio include Invesco DWA Basic Materials Momentum ETF (PYZ), First Trust Materials AlphaDEX Fund (FXZ), Global X Guru Index ETF (GURU), Opus Small Cap Value Plus ETF (OSCV), Invesco S&P MidCap Low Volatility ETF (XMLV), Invesco S&P MidCap Quality ETF (XMHQ), Invesco S&P MidCap Value with Momentum ETF (XMVM) and iShares U.S. Basic Materials ETF (IYM).

Ashland (NYSE:ASH) pays an annual dividend of $1.34 per share and currently has a dividend yield of 1.55%. The company has been increasing its dividend for 3 consecutive year(s), indicating that it does not yet have a strong track record of dividend growth. The dividend payout ratio is 32.76%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, ASH will have a dividend payout ratio of 20.24% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for ASH.

Ashland declared that its board has approved a stock repurchase plan on Wednesday, May 25th 2022, which permits the company to buyback $500,000,000.00 in shares, according to EventVestor. This buyback authorization permits the company to reacquire up to 8.7% of its stock through open market purchases. Stock buyback plans are usually a sign that the company's board believes its stock is undervalued.

Ashland updated its FY 2023 earnings guidance on Wednesday, May, 3rd. The company provided earnings per share guidance of for the period. The company issued revenue guidance of $2.30 billion-$2.40 billion, compared to the consensus revenue estimate of $2.51 billion.

78 employees have rated Ashland Chief Executive Officer William A. Wulfsohn on Glassdoor.com. William A. Wulfsohn has an approval rating of 48% among the company's employees. This puts William A. Wulfsohn in the bottom 25% of approval ratings compared to other CEOs of publicly-traded companies.

Based on aggregate information from My MarketBeat watchlists, some companies that other Ashland investors own include Intel (INTC), Pfizer (PFE), AbbVie (ABBV), Advanced Micro Devices (AMD), Eastman Chemical (EMN), Abbott Laboratories (ABT), Boeing (BA), Bristol-Myers Squibb (BMY), Cardinal Health (CAH) and Procter & Gamble (PG).

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

Ashland's stock is owned by a variety of institutional and retail investors. Top institutional investors include BlackRock Inc. (8.54%), Dimensional Fund Advisors LP (4.33%), Neuberger Berman Group LLC (3.48%), State Street Corp (3.32%), Diamond Hill Capital Management Inc. (2.35%) and Clearbridge Investments LLC (2.16%). Insiders that own company stock include Eric N Boni, J Kevin Willis, Peter Ganz and Swaminathan Ashok Kalyana.
View institutional ownership trends.

Shares of ASH stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of ASH stock can currently be purchased for approximately $84.88.

Ashland (NYSE:ASH) has a market capitalization of $4.61 billion and generates $2.39 billion in revenue each year. The basic materials company earns $927 million in net income (profit) each year or $4.09 on an earnings per share basis.

The company employs 3,900 workers across the globe.

Ashland's mailing address is 8145 Blazer Drive, Wilmington DE, 19808. The official website for the company is www.ashland.com. The basic materials company can be reached via phone at (302) 995-3000, via email at investor_relations@ashland.com, or via fax at 859-815-5188.