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NYSE:ASH

Ashland Global Stock Forecast, Price & News

$105.19
+1.34 (+1.29%)
(As of 06/28/2022 10:13 AM ET)
Add
Compare
Today's Range
$104.75
$105.31
50-Day Range
$94.81
$110.51
52-Week Range
$81.93
$112.91
Volume
173 shs
Average Volume
437,296 shs
Market Capitalization
$5.74 billion
P/E Ratio
6.36
Dividend Yield
1.30%
Price Target
$122.71
30 days | 90 days | 365 days | Advanced Chart

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ASH Stock Forecast (MarketRank)

Overall MarketRank

2.92 out of 5 stars

Basic Materials Sector

31st out of 247 stocks

Chemicals & Allied Products Industry

3rd out of 20 stocks

Analyst Opinion: 2.3Community Rank: 4.8Dividend Strength: 2.5Insider Behavior: 2.5Valuation: 2.5 5 -4 -3 -2 -1 -
Ashland Global logo

About Ashland Global (NYSE:ASH)

Ashland Global Holdings Inc. provides additives and specialty ingredients worldwide. It operates through Life Sciences; Personal Care & Household; Specialty Additives; and Intermediates and Solvents segments. The Life Sciences segment offers pharmaceutical solutions, including controlled release polymers, disintegrants, tablet coatings, thickeners, solubilizers, and tablet binders; nutrition solutions, such as thickeners, stabilizers, emulsifiers, and additives; and nutraceutical solutions comprising products for weight management, joint comfort, stomach and intestinal health, sports nutrition, and general wellness, as well as custom formulation, toll processing, and particle engineering solutions. The Personal Care & Household segment provides a range of nature-based, biodegradable, and performance ingredients; solutions for toothpastes, mouth washes and rinses, denture cleaning, and care for teeth; and household supplies nature-derived rheology ingredients, biodegradable surface wetting agents, performance encapsulates, and specialty polymers. The Specialty Additives segment offers rheology modifiers, foam control agents, surfactants and wetting agents, pH neutralizers, advanced ceramics used in catalytic converters, environmental filters, ingredients for the manufacturing of ceramic capacitors, plasma display panels and solar cells, ingredients for textile printing, thermoplastic metals, and alloys for welding. The Intermediates and Solvents segment produces 1,4 butanediol and related derivatives, including n-methylpyrrolidone. Ashland Global Holdings Inc. offers its products to customers in a range of consumer and industrial markets, such as architectural coatings, construction, energy, food and beverage, nutraceuticals, personal care, and pharmaceutical. 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 based in Wilmington, Delaware.

ASH Stock News Headlines

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Industry, Sector and Symbol

Industry
Chemicals & allied products
Sub-Industry
Specialty Chemicals
CUSIP
04420910
Employees
4,100
Year Founded
1924

Company Calendar

Last Earnings
4/26/2022
Ex-Dividend for 6/15 Dividend
5/31/2022
Dividend Payable
6/15/2022
Today
6/28/2022
Next Earnings (Estimated)
7/26/2022
Fiscal Year End
9/30/2022

Price Target and Rating

Average Stock Price Forecast
$122.71
High Stock Price Forecast
$136.00
Low Stock Price Forecast
$107.00
Forecasted Upside/Downside
+16.7%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.57142857142857
Research Coverage
7 Analysts

Profitability

Net Income
$220 million
Pretax Margin
7.34%

Debt

Sales & Book Value

Annual Sales
$2.11 billion
Cash Flow
$8.07 per share
Book Value
$45.31 per share

Miscellaneous

Free Float
50,286,000
Market Cap
$5.74 billion
Optionable
Optionable
Beta
1.14

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Ashland Global Frequently Asked Questions

Should I buy or sell Ashland Global stock right now?

7 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Ashland Global in the last twelve months. There are currently 3 hold ratings and 4 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "moderate buy" Ashland Global stock.
View analyst ratings for Ashland Global
or view top-rated stocks.

What is Ashland Global's stock price forecast for 2022?

7 analysts have issued 1 year target prices for Ashland Global's shares. Their ASH stock forecasts range from $107.00 to $136.00. On average, they expect Ashland Global's stock price to reach $122.71 in the next twelve months. This suggests a possible upside of 16.7% from the stock's current price.
View analysts' price targets for Ashland Global
or view top-rated stocks among Wall Street analysts.

How has Ashland Global's stock price performed in 2022?

Ashland Global's stock was trading at $107.66 at the beginning of 2022. Since then, ASH stock has decreased by 2.3% and is now trading at $105.19.
View the best growth stocks for 2022 here
.

Are investors shorting Ashland Global?

Ashland Global saw a increase in short interest in May. As of May 31st, there was short interest totaling 1,500,000 shares, an increase of 24.0% from the May 15th total of 1,210,000 shares. Based on an average daily volume of 445,700 shares, the days-to-cover ratio is currently 3.4 days. Currently, 2.8% of the shares of the stock are short sold.
View Ashland Global's Short Interest
.

When is Ashland Global's next earnings date?

Ashland Global is scheduled to release its next quarterly earnings announcement on Tuesday, July 26th 2022.
View our earnings forecast for Ashland Global
.

How were Ashland Global's earnings last quarter?

Ashland Global Holdings Inc. (NYSE:ASH) announced its quarterly earnings results on Tuesday, April, 26th. The basic materials company reported $1.50 EPS for the quarter, topping the consensus estimate of $1.36 by $0.14. The basic materials company earned $604 million during the quarter, compared to the consensus estimate of $603.89 million. Ashland Global had a net margin of 40.83% and a trailing twelve-month return on equity of 9.45%. During the same period in the previous year, the company earned $1.05 earnings per share.
View Ashland Global's earnings history
.

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

Ashland Global announced a quarterly dividend on Wednesday, May 25th. Investors of record on Wednesday, June 1st will be paid a dividend of $0.335 per share on Wednesday, June 15th. This represents a $1.34 annualized dividend and a dividend yield of 1.27%. The ex-dividend date of this dividend is Tuesday, May 31st. This is a positive change from Ashland Global's previous quarterly dividend of $0.30.
View Ashland Global's dividend history
.

Is Ashland Global a good dividend stock?

Ashland Global(NYSE:ASH) pays an annual dividend of $1.34 per share and currently has a dividend yield of 1.30%. Ashland Global has been increasing its dividend for 2 consecutive year(s), indicating that it does not yet have a strong track record of dividend growth. The dividend payout ratio of Ashland Global is 8.11%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, Ashland Global will have a dividend payout ratio of 22.83% next year. This indicates that Ashland Global will be able to sustain or increase its dividend.
View Ashland Global's dividend history.

How will Ashland Global's stock buyback program work?

Ashland Global announced that its board has approved a share buyback plan on Wednesday, May 25th 2022, which authorizes the company to buyback $500,000,000.00 in outstanding shares, according to EventVestor. This buyback authorization authorizes the company to purchase up to 8.7% of its shares through open market purchases. Shares buyback plans are usually a sign that the company's board of directors believes its stock is undervalued.

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

Ashland Global issued an update on its FY 2022 earnings guidance on Thursday, June, 23rd. The company provided earnings per share (EPS) guidance of for the period. The company issued revenue guidance of $2.25 billion-$2.35 billion, compared to the consensus revenue estimate of $2.34 billion.

Who are Ashland Global's key executives?

Ashland Global's management team includes the following people:
  • Mr. Guillermo Novo, Chairman & CEO (Age 60, Pay $2.53M)
  • Mr. John Kevin Willis, Sr. VP & CFO (Age 57, Pay $1.26M) (LinkedIn Profile)
  • Mr. Eric N. Boni, VP of Fin. & Principal Accounting Officer (Age 53, Pay $879.76k) (LinkedIn Profile)
  • Dr. Osama M. Musa, Sr. VP & CTO (Age 54, Pay $960.81k)
  • Mr. Min S. Chong, Sr. VP & GM of Specialty Additives and Intermediates and Solvents (Age 51, Pay $882.78k)
  • Seth A. Mrozek, Director of Investor Relations
  • Ms. Yvonne Winkler von Mohrenfels, Sr. VP, Gen. Counsel & Sec. (Age 56)
  • Mr. Andrew Beer, VP of Marketing & Bus. Devel.
  • Ms. Eileen Drury, Sr. VP & Chief HR Officer
  • Mr. Vivek Kumar Singh, Head of Fin. - Indian Operations and Head of Fin. - Valvoline/cummins Ltd

What is William A. Wulfsohn's approval rating as Ashland Global's CEO?

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

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 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).

What is Ashland Global's stock symbol?

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

Who are Ashland Global's major shareholders?

Ashland Global's stock is owned by a variety of retail and institutional investors. Top institutional shareholders include Vanguard Group Inc. (9.51%), BlackRock Inc. (8.13%), Dimensional Fund Advisors LP (3.91%), Neuberger Berman Group LLC (3.55%), State Street Corp (3.25%) and Massachusetts Financial Services Co. MA (2.82%). Company insiders that own Ashland Global stock include Eric N Boni, Guillermo Novo, J Kevin Willis, Peter Ganz, Swaminathan Ashok Kalyana 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 Neuberger Berman Group LLC, Causeway Capital Management LLC, BlackRock Inc., EMG Holdings L.P., NewEdge Wealth LLC, Luminus Management LLC, Handelsbanken Fonder AB, and Fort Washington Investment Advisors Inc. OH. Company insiders that have sold Ashland Global company stock in the last two years include Eric N Boni, J Kevin Willis, and Peter Ganz.
View insider buying and selling activity for Ashland Global
or view top insider-selling stocks.

Which institutional investors are buying Ashland Global stock?

ASH stock was bought by a variety of institutional investors in the last quarter, including Clearbridge Investments LLC, Diamond Hill Capital Management Inc., First Trust Advisors LP, Charles Schwab Investment Management Inc., Goldman Sachs Group Inc., BNP Paribas Arbitrage SA, Boston Partners, and Invesco Ltd..
View insider buying and selling activity for Ashland Global
or or view top insider-buying stocks.

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 WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.

What is Ashland Global's stock price today?

One share of ASH stock can currently be purchased for approximately $105.19.

How much money does Ashland Global make?

Ashland Global (NYSE:ASH) has a market capitalization of $5.74 billion and generates $2.11 billion in revenue each year. The basic materials company earns $220 million in net income (profit) each year or $16.529990 on an earnings per share basis.

How many employees does Ashland Global have?

Ashland Global employs 4,100 workers across the globe.

Does Ashland Global have any subsidiaries?

The following companies are subsidiares of Ashland Global: 565 Corporation, ASH GP INC., ASHLAND SPECIALTY CHEMICAL (SINGAPORE) PTE. LTD., ASHLAND SPECIALTY CHEMICALS (MALAYSIA) SDN.BHD, Adams Drive Totowa L.L.C., Alera Property Holdings LLC, Alera Technologies Inc., Alix Technologies LLC, Aloe Vemera S.P.R de R.L. de C.V., Ash B5 Limited, Ash GH One Inc., Ash GH Switzerland GmbH, Ash Global Holding Three GmbH, Ash Global Holdings Two B.V., Ash Junior Global Holding One LLC, Ash Junior Global Holding Two LLC, Ash Swiss Holding Two GmbH, Ashland (Australasia) Pty. Limited, Ashland (China) Holdings Co. Ltd., Ashland (Gibraltar) One Holding Inc., Ashland (Thailand) Co. Ltd, Ashland Argentina S.R.L., Ashland CZ s.r.o., Ashland Canada Corp./Corporation Ashland Canada, Ashland Canada Holdings B. V., Ashland Chemco Inc., Ashland Chemical De Mexico S.A. De C.V., Ashland Chemical Trading (Shanghai) Company Limited, Ashland Chemicals (Nanjing) Company Limited, Ashland Colombia S.A.S., Ashland Comercio de Especialidades Quimicas do Brasil Ltda., Ashland Eastern Markets LLC, Ashland Ethanol Inc., Ashland Finance Limited, Ashland Global Holdings Inc., Ashland India Private Limited, Ashland Industria de Ingredientes do Brasil Ltda., Ashland Industries Deutschland GmbH, Ashland Industries Europe GmbH, Ashland Industries Italia S.r.l., Ashland Industries Nederland B.V., Ashland Ingredients Poland Sp. z o.o., Ashland Italia S.r.l., Ashland Japan Ltd., Ashland LLC, Ashland Licensing and Intellectual Property LLC, Ashland Mexico Holdings One LLC, Ashland Mexico Holdings Two LLC, Ashland Nigeria Exploration Unlimited, Ashland Oil (Nigeria) Company Unlimited, Ashland Oil Inc., Ashland Pacific Pty. Ltd., Ashland Pharmachem International Holdings LLC, Ashland Services B. V., Ashland Services Mexico S.A. de C.V., Ashland Singapore Pte. Ltd., Ashland Spain Real Estate Holdings S.L., Ashland Specialties Austria GmbH, Ashland Specialties Belgium BVBA, Ashland Specialties France S.a.r.l., Ashland Specialties Hispania S.L., Ashland Specialties Ireland Limited, Ashland Specialties Sverige AB, Ashland Specialties UK Limited, Ashland Specialty Chemical Korea Co. Ltd., Ashland Specialty Ingredients G.P., Ashland-Alaskan Limited, Ashland-Plasticos De Portugal Lda., Ashmont Insurance Company Inc., Ashprop Two LLC, Avoca LLC, Avoele S.A. de C.V., Belleville Realty Corp., Blazer Properties LLC, Bluegrass Insurance Company Limited, CLTA LLC, CVG Capital III LLC, Carol Clifton Inc., Curtis Bay Insurance Co. Ltd, East Bay Realty Services Inc., Fospur, Hercofina, Hercules, Hercules Holding BV BVBA, Hercules Hydrocarbon Holdings Inc., Hercules International Limited LLC, Hercules Investment ApS, Hercules Investments Netherlands B.V., Hercules Islands Corporation, Hercules LLC, Hercules Paper Holdings Inc., Hercules Trading (Shanghai) Company Limited, ISP (Belgium) International N. V., ISP Alginates Inc., ISP Canada Corp., ISP Capital LLC, ISP Chemco LLC, ISP Chemical Products LLC, ISP Chemicals LLC, ISP Environmental Services Inc., ISP France Holding SARL, ISP France Marketing SARL, ISP Freetown Fine Chemicals Inc., ISP Freight Services N. V., ISP Global Operations (Barbados) Inc., ISP Global Technologies Deutschland Unterstutzungskasse GmbH, ISP Global Technologies Inc., ISP Global Technologies LLC, ISP HC Limited, ISP Holdings (U.K.) Ltd., ISP Hungary Holdings Limited Liability Company, ISP International Corp., ISP Investments LLC, ISP Lima LLC, ISP Luxembourg Canada S.a.r.l., ISP Management Company Inc., ISP Marl Holdings GmbH, ISP Microcaps (U.K.) Limited, ISP Pharma Systems LLC, ISP Real Estate Company Inc., ISP Singapore Holding LLC, ISP Technologies LLC, International Specialty Holdings LLC, International Specialty Products, International Specialty Products (India) Private Limited, International Specialty Products Funding Corporation, International Specialty Products Inc., Jiangmen Ashland Chemicals Company Limited, Nanjing Clear Environment Protection, Northwest Coatings, Oil Can Henry’s, PT Ashland Asia, PT. Ashland Specialty Chemicals Indonesia, Pakistan Gum Industries (Private) Limited, Pharmachem Laboratories, Pharmachem Laboratories LLC, Pharmachem Laboratories Utah LLC, Prince Street Paterson LLC, Progiven S.A.S., Proprietary Nutritionals LLC, Ralop S. de R.L. de C.V., Schülke & Mayr - Personal Care Business, Shanghai Ashland Chemical Technology Development Co. Ltd., St Croix Petrochemical Corp, Taiwan Ashland Co. Ltd., Techwax Limited, Vemera S. de R.L. de C.V., Vornia, and WSP LLC.
Read More

When was Ashland Global founded?

Ashland Global was founded in 1924.

How can I contact Ashland Global?

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

This page (NYSE:ASH) was last updated on 6/28/2022 by MarketBeat.com Staff

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