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

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$81.64 -0.60 (-0.73 %)
(As of 11/13/2018 04:00 PM ET)
Previous Close$82.24
Today's Range$81.24 - $82.82
52-Week Range$64.81 - $86.63
Volume343,400 shs
Average Volume758,692 shs
Market Capitalization$5.22 billion
P/E Ratio22.76
Dividend Yield1.20%
Beta1.28
Ashland 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
Current SymbolNYSE:ASH
Previous Symbol
CUSIP04420910
Phone859-815-3333

Debt

Debt-to-Equity Ratio0.67
Current Ratio1.59
Quick Ratio0.98

Price-To-Earnings

Trailing P/E Ratio22.76
Forward P/E Ratio18.81
P/E Growth1.93

Sales & Book Value

Annual Sales$3.74 billion
Price / Sales1.36
Cash Flow$8.5846 per share
Price / Cash9.51
Book Value$54.56 per share
Price / Book1.50

Profitability

EPS (Most Recent Fiscal Year)$3.58
Net Income$114 million
Net Margins3.05%
Return on Equity6.71%
Return on Assets2.74%

Miscellaneous

Employees6,500
Outstanding Shares62,430,000
Market Cap$5.22 billion
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, July 20th. Stockholders 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 dividend on an annualized basis and a dividend yield of 1.22%. 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 announced that its Board of Directors has initiated a share buyback program on Wednesday, March 21st 2018, which authorizes the company to repurchase $1,000,000,000.00 in shares, according to EventVestor. This repurchase authorization authorizes the company to repurchase shares of its stock through open market purchases. Stock repurchase programs are often a sign that the company's leadership believes its shares are undervalued.

How were Ashland Global's earnings last quarter?

Ashland Global Holdings Inc (NYSE:ASH) announced its earnings results on Tuesday, November, 6th. The basic materials company reported $0.97 EPS for the quarter, meeting the consensus estimate of $0.97. The basic materials company earned $956 million during the quarter, compared to analysts' expectations of $926.50 million. Ashland Global had a return on equity of 6.71% and a net margin of 3.05%. The firm's revenue for the quarter was up 8.6% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.78 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 Monday, February 4th 2019. View Earnings Estimates for Ashland Global.

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

Ashland Global updated its first quarter earnings guidance on Tuesday, November, 6th. The company provided earnings per share guidance of $0.55-0.65 for the period, compared to the Thomson Reuters consensus estimate of $0.54. Ashland Global also updated its FY 2019 guidance to $4.20-4.40 EPS.

What price target have analysts set for ASH?

10 equities research analysts have issued 1 year price objectives for Ashland Global's stock. Their forecasts range from $81.00 to $97.00. On average, they expect Ashland Global's stock price to reach $91.75 in the next twelve months. This suggests a possible upside of 12.4% 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 2 hold ratings and 8 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. " (11/12/2018)
  • 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?

News stories about ASH stock have trended somewhat positive this week, InfoTrie Sentiment Analysis reports. The research group ranks the sentiment of press coverage by reviewing more than six thousand blog and news sources. The firm ranks coverage of publicly-traded companies on a scale of negative five to positive five, with scores nearest to five being the most favorable. Ashland Global earned a media sentiment score of 1.0 on InfoTrie's scale. They also gave media headlines about the basic materials company a news buzz of 10.0 out of 10, meaning that recent press coverage is extremely likely to have an impact on the company's share price in the next several days.

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)

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. (8.73%), OZ Management LP (3.61%), FMR LLC (2.42%), Wedge Capital Management L L P NC (2.34%), Dimensional Fund Advisors LP (2.09%) and Schroder Investment Management Group (1.99%). 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, Schroder Investment Management Group, Public Employees Retirement Association of Colorado, OZ Management LP, Pictet Asset Management Ltd., Prudential Financial Inc., Wedge Capital Management L L P NC and Channing Capital Management LLC. 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 Hennessy Advisors Inc., WINTON GROUP Ltd, DekaBank Deutsche Girozentrale, Renaissance Technologies LLC, Victory Capital Management Inc., Water Island Capital LLC, Shikiar Asset Management Inc. and Wells Fargo & Company MN. 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 $81.64.

How big of a company is Ashland Global?

Ashland Global has a market capitalization of $5.22 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 6,500 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:  440 (Vote Outperform)
Underperform Votes:  301 (Vote Underperform)
Total Votes:  741
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 11/13/2018 by MarketBeat.com Staff

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