Ashland (ASH) Stock Forecast, Price & News

6 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Ashland in the last year. There are currently 1 sell rating, 2 hold ratings and 3 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "hold" ASH shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in ASH, but not buy additional shares or sell existing shares.
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6 analysts have issued 12-month price targets for Ashland's shares. Their ASH share price forecasts range from $87.00 to $142.00. On average, they predict the company's share price to reach $109.75 in the next twelve months. This suggests a possible upside of 31.7% from the stock's current price.
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Ashland's stock was trading at $107.53 at the beginning of the year. Since then, ASH stock has decreased by 22.5% and is now trading at $83.36.
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The company is scheduled to release its next quarterly earnings announcement on Monday, November 6th 2023.
View our ASH earnings forecast.

Ashland Inc. (NYSE:ASH) posted its quarterly earnings results on Wednesday, July, 26th. The basic materials company reported $1.23 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.35 by $0.12. The basic materials company had revenue of $546 million for the quarter, compared to analyst estimates of $566.64 million. Ashland had a net margin of 10.32% and a trailing twelve-month return on equity of 8.54%. The firm's revenue was down 15.2% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.89 earnings per share.

Ashland announced a quarterly dividend on Monday, August 14th. Investors of record on Friday, September 1st will be paid a dividend of $0.385 per share on Friday, September 15th. This represents a $1.54 annualized dividend and a yield of 1.85%. The ex-dividend date of this dividend is Thursday, August 31st.
Read our dividend analysis for ASH.

ETFs with the largest weight of Ashland (NYSE:ASH) stock in their portfolio include First Trust Materials AlphaDEX Fund (FXZ), Invesco S&P MidCap Low Volatility ETF (XMLV), First Trust Horizon Managed Volatility Small/Mid ETF (HSMV) and iShares U.S. Basic Materials ETF (IYM).Fidelity MSCI Materials Index ETF (FMAT).

Ashland (NYSE:ASH) pays an annual dividend of $1.54 per share and currently has a dividend yield of 1.85%. 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 35.16%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, ASH will have a dividend payout ratio of 28.26% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for ASH.

Ashland announced that its board has authorized a share repurchase plan on Wednesday, June 28th 2023, which authorizes the company to buyback $1,000,000,000.00 in shares, according to EventVestor. This buyback authorization authorizes the company to purchase up to 21.2% of its stock through open market purchases. Stock buyback plans are often a sign that the company's board of directors believes its stock is undervalued.

Ashland updated its third quarter 2023 earnings guidance on Thursday, June, 29th. The company provided earnings per share (EPS) guidance of for the period. The company issued revenue guidance of $545.00 million-$550.00 million, compared to the consensus revenue estimate of $625.61 million.

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 retail and institutional investors. Top institutional investors include BlackRock Inc. (9.15%), Dimensional Fund Advisors LP (4.76%), State Street Corp (3.43%), Diamond Hill Capital Management Inc. (3.33%), Goldman Sachs Group Inc. (2.84%) and Clearbridge Investments LLC (2.68%). Insiders that own company stock include Eric N Boni, J Kevin Willis, Peter Ganz and Swaminathan Ashok Kalyana.
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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 $83.36.

Ashland (NYSE:ASH) has a market capitalization of $4.27 billion and generates $2.31 billion in revenue each year. The basic materials company earns $927 million in net income (profit) each year or $4.38 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.