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

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$85.46 +1.07 (+1.27 %)
(As of 08/22/2018 03:39 AM ET)
Previous Close$84.39
Today's Range$84.63 - $85.71
52-Week Range$60.28 - $86.63
Volume660,500 shs
Average Volume830,802 shs
Market Capitalization$5.29 billion
P/E Ratio34.97
Dividend Yield1.18%
Beta1.17
Ashland Global logoAshland 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. This segment offers its solutions for pharmaceutical companies; makers of personal care products, food, and beverages; manufacturers of paint, coatings, and construction materials; makers of nutraceuticals and supplements; packaging and converting markets; and oilfield service companies. The company's 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 and pipe manufacturers; automotive and truck OEM suppliers; boat builders; chemical producers; and electronics makers. Its Intermediates and Solvents segment 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

Stock Exchange NYSE
Industry Chemicals & allied products
Sub-IndustrySpecialty Chemicals
SectorBasic Materials
SymbolNYSE:ASH
CUSIP04420910
Phone859-815-3333

Debt

Debt-to-Equity Ratio0.72
Current Ratio2.25
Quick Ratio1.37

Price-To-Earnings

Trailing P/E Ratio34.97
Forward P/E Ratio23.94
P/E Growth2.38

Sales & Book Value

Annual Sales$3.26 billion
Price / Sales1.64
Cash Flow$9.1109 per share
Price / Cash9.38
Book Value$54.58 per share
Price / Book1.57

Profitability

EPS (Most Recent Fiscal Year)$2.44
Net Income$1 million
Net Margins1.28%
Return on Equity6.36%
Return on Assets2.57%

Miscellaneous

Employees6,500
Outstanding Shares62,430,000
Market Cap$5.29 billion

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, July 20th. Shareholders of record on Friday, August 31st will be given a dividend of $0.25 per share on Saturday, September 15th. This represents a $1.00 annualized dividend and a yield of 1.17%. The ex-dividend date is Thursday, August 30th. This is an increase from Ashland Global's previous quarterly dividend of $0.23. View Ashland Global's Dividend History.

How will Ashland Global's stock buyback program work?

Ashland Global declared that its Board of Directors has approved a share buyback plan on Wednesday, March 21st 2018, which permits the company to repurchase $1,000,000,000.00 in shares, according to EventVestor. This repurchase authorization permits the company to buy shares of its stock through open market purchases. Shares repurchase plans are often an indication 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 earnings results on Tuesday, July, 31st. The basic materials company reported $1.13 earnings per share (EPS) for the quarter, beating the Thomson Reuters' consensus estimate of $1.03 by $0.10. The basic materials company earned $971 million during the quarter, compared to the consensus estimate of $1 billion. Ashland Global had a return on equity of 6.36% and a net margin of 1.28%. The company's revenue was up 11.6% compared to the same quarter last year. During the same period in the prior year, the company posted $0.83 earnings per share. 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 Monday, November, 5th 2018. View Earnings Estimates for Ashland Global.

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

Ashland Global updated its fourth quarter earnings guidance on Tuesday, July, 31st. The company provided earnings per share (EPS) guidance of $0.90-1.00 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $0.98.

What price target have analysts set for ASH?

11 brokers have issued 12 month price objectives for Ashland Global's stock. Their predictions range from $78.00 to $95.00. On average, they expect Ashland Global's stock price to reach $87.3333 in the next year. This suggests a possible upside of 2.2% from the stock's current price. View Analyst Price Targets for Ashland Global.

What is the consensus analysts' recommendation for Ashland Global?

11 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Ashland Global in the last year. There are currently 2 hold ratings 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. " (7/3/2018)
  • 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)

Who are some of Ashland Global's key competitors?

Who are Ashland Global's key executives?

Ashland Global's management team includes the folowing people:
  • Mr. William A. Wulfsohn, Chairman & CEO (Age 56)
  • Mr. John Kevin Willis, Sr. VP & CFO (Age 53)
  • Mr. J. William Heitman, VP, Controller & Principal Accounting Officer (Age 64)
  • Ms. Anne T. Schumann, Sr. VP & Chief HR & IT Officer (Age 58)
  • Mr. Peter J. Ganz, Sr. VP, Gen. Counsel, Sec. & Chief Compliance Officer (Age 56)

Has Ashland Global been receiving favorable news coverage?

News coverage about ASH stock has trended positive this week, according to Accern Sentiment. Accern rates the sentiment of media coverage by monitoring more than twenty million news and blog sources. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Ashland Global earned a daily sentiment score of 0.28 on Accern's scale. They also assigned press coverage about the basic materials company an impact score of 46.70 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the stock's share price in the next several days. View Recent Headlines for Ashland Global.

Who are Ashland Global's major shareholders?

Ashland Global's stock is owned by many different of institutional and retail investors. Top institutional shareholders include BlackRock Inc. (8.69%), FMR LLC (2.76%), Wedge Capital Management L L P NC (2.41%), Dimensional Fund Advisors LP (2.06%), Newport Trust Co (1.64%) and Victory Capital Management Inc. (1.49%). Company insiders that own Ashland Global stock include Anne T Schumann, J Kevin Willis, Keith C Silverman, Luis M Fernandez-Moreno, Peter Ganz and William J Heitman. View Institutional Ownership Trends for Ashland Global.

Which major investors are selling Ashland Global stock?

ASH stock was sold by a variety of institutional investors in the last quarter, including FMR LLC, Water Island Capital LLC, SG Americas Securities LLC, Federated Investors Inc. PA, Channing Capital Management LLC, California Public Employees Retirement System, MetLife Investment Advisors LLC and Wedge Capital Management L L P NC. Company insiders that have sold Ashland Global company stock in the last year include Anne T Schumann, J Kevin Willis, Keith C Silverman, Peter Ganz and William J Heitman. View Insider Buying and Selling for Ashland Global.

Which major investors are buying Ashland Global stock?

ASH stock was bought by a variety of institutional investors in the last quarter, including Naya Capital Management UK Ltd., Renaissance Technologies LLC, CIBC Private Wealth Group LLC, BlackRock Inc., Wolverine Asset Management LLC, Public Employees Retirement Association of Colorado, Dimensional Fund Advisors LP and Marshall Wace LLP. 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 $85.46.

How big of a company is Ashland Global?

Ashland Global has a market capitalization of $5.29 billion and generates $3.26 billion in revenue each year. The basic materials company earns $1 million in net income (profit) each year or $2.44 on an earnings per share basis. Ashland Global employs 6,500 workers across the globe.

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:  415 (Vote Outperform)
Underperform Votes:  285 (Vote Underperform)
Total Votes:  700
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 8/22/2018 by MarketBeat.com Staff

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