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NYSE:ASHAshland Global Stock Price, Forecast & News

$67.37
-0.83 (-1.22 %)
(As of 07/9/2020 04:00 PM ET)
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Today's Range
$66.33
Now: $67.37
$68.42
50-Day Range
$62.89
MA: $67.88
$72.70
52-Week Range
$38.88
Now: $67.37
$81.82
Volume239,995 shs
Average Volume579,607 shs
Market Capitalization$4.06 billion
P/E RatioN/A
Dividend Yield1.61%
Beta1.46
Ashland Global Holdings Inc. provides specialty chemical solutions worldwide. The company's Specialty Ingredients segment offers products, technologies, and resources for solving formulation and product-performance challenges. It provides solutions using natural, synthetic, and semisynthetic polymers derived from cellulose ethers, vinyl pyrrolidones, acrylic polymers, polyester and polyurethane-based adhesives, and plant and seed extracts. This segment offers its solutions for the pharmaceutical companies; makers of personal care products, food, and beverages; makers of nutraceuticals and supplements; manufacturers of paint, coatings, and construction materials; packaging and converting markets; and oilfield service companies. Its 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 manufacturers, pipe manufacturers, automotive and truck original equipment manufacturers and suppliers, boat builders, and chemical producers. The company's Intermediates and Solvents 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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Beat the Market (BTM) Rank

Analyst Opinion: 3.4Community Rank: 2.9Dividend Strength: 2.5Insider Behavior: 1.0Valuation: 1.9 5 -4 -3 -2 -1 -

Overall Beat the Market Rank

2.33 out of 5 stars


Industry, Sector and Symbol

Industry Chemicals & allied products
Sub-IndustrySpecialty Chemicals
CUSIP04420910
Phone302-995-3000

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$2.49 billion
Cash Flow$7.40 per share
Book Value$59.00 per share

Profitability

Net Income$505 million

Miscellaneous

Employees4,700
Market Cap$4.06 billion
Next Earnings Date8/4/2020 (Estimated)
OptionableOptionable

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Ashland Global (NYSE:ASH) Frequently Asked Questions

How has Ashland Global's stock been impacted by COVID-19 (Coronavirus)?

Ashland Global's stock was trading at $55.57 on March 11th, 2020 when COVID-19 reached pandemic status according to the World Health Organization. Since then, ASH shares have increased by 21.2% and is now trading at $67.37. View which stocks have been most impacted by Coronavirus.

Do Wall Street analysts recommend investors buy shares of Ashland Global?

10 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Ashland Global in the last year. There are currently 3 hold ratings and 7 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View analyst ratings for Ashland Global.

When is Ashland Global's next earnings date?

Ashland Global is scheduled to release its next quarterly earnings announcement on Tuesday, August 4th 2020. View our earnings forecast for Ashland Global.

How were Ashland Global's earnings last quarter?

Ashland Global Holdings Inc (NYSE:ASH) posted its earnings results on Tuesday, May, 5th. The basic materials company reported $0.84 EPS for the quarter, hitting the Thomson Reuters' consensus estimate of $0.84. The basic materials company had revenue of $610 million for the quarter, compared to the consensus estimate of $618.75 million. Ashland Global had a negative net margin of 3.05% and a positive return on equity of 4.63%. Ashland Global's quarterly revenue was down 8.5% on a year-over-year basis. During the same period last year, the company earned $0.83 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 20th. Shareholders of record on Monday, June 1st will be given a dividend of $0.275 per share on Monday, June 15th. This represents a $1.10 dividend on an annualized basis and a dividend yield of 1.63%. The ex-dividend date of this dividend is Friday, May 29th. View Ashland Global's dividend history.

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

Ashland Global issued an update on its second quarter earnings guidance on Thursday, April, 16th. The company provided EPS guidance of $0.84 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $0.76. The company issued revenue guidance of ~$610 million, compared to the consensus revenue estimate of $620.93 million.

What price target have analysts set for ASH?

10 Wall Street analysts have issued 12-month price objectives for Ashland Global's shares. Their forecasts range from $62.00 to $92.00. On average, they anticipate Ashland Global's stock price to reach $76.89 in the next year. This suggests a possible upside of 14.1% from the stock's current price. View analysts' price targets for Ashland Global.

Has Ashland Global been receiving favorable news coverage?

News coverage about ASH stock has been trending negative recently, according to InfoTrie Sentiment. InfoTrie rates the sentiment of media coverage by analyzing more than six thousand news and blog sources in real-time. The firm ranks coverage of publicly-traded companies on a scale of -5 to 5, with scores closest to five being the most favorable. Ashland Global earned a media sentiment score of -2.3 on InfoTrie's scale. They also gave news coverage about the basic materials company a news buzz of 0.0 out of 10, indicating that recent media coverage is extremely unlikely to have an impact on the stock's share price in the next several days. View the latest news about Ashland Global.

Are investors shorting Ashland Global?

Ashland Global saw a drop in short interest in the month of June. As of June 30th, there was short interest totaling 1,460,000 shares, a drop of 17.0% from the June 15th total of 1,760,000 shares. Based on an average trading volume of 531,600 shares, the days-to-cover ratio is currently 2.7 days. Currently, 2.4% of the shares of the company are sold short. View Ashland Global's Current Options Chain.

Who are some of Ashland Global's key competitors?

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), Verizon Communications (VZ), AbbVie (ABBV), Boeing (BA), IBM (IBM), Exxon Mobil (XOM), Bristol-Myers Squibb (BMY), General Electric (GE), Coca-Cola (KO) and Eli Lilly And Co (LLY).

Who are Ashland Global's key executives?

Ashland Global's management team includes the following people:
  • Mr. William A. Wulfsohn, Chairman & CEO (Age 57)
  • Mr. John Kevin Willis, Sr. VP & CFO (Age 54)
  • Dr. Keith C. Silverman Ph.D., Sr. VP of Global Operations, Quality, Environmental, Health & Safety (Age 52)
  • Mr. Peter J. Ganz, Sr. VP, Gen. Counsel, Sec. and Chief Legal & Compliance Officer (Age 57)
  • Ms. Anne T. Schumann, Sr. VP and Chief HR & Information Technology Officer (Age 59)

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 number of institutional and retail investors. Top institutional shareholders include First Financial Bank Trust Division (0.11%), Private Trust Co. NA (0.02%), Envestnet Asset Management Inc. (0.01%), Wiley BROS. Aintree Capital LLC (0.01%) and Diligent Investors LLC (0.01%). Company insiders that own Ashland Global stock include Guillermo Novo, J Kevin Willis, Keith C Silverman, Osama M Musa, Peter Ganz and William J Heitman. View institutional ownership trends for Ashland Global.

Which major investors are buying Ashland Global stock?

ASH stock was purchased by a variety of institutional investors in the last quarter, including Wiley BROS. Aintree Capital LLC, Diligent Investors LLC, Private Trust Co. NA, First Financial Bank Trust Division, and Envestnet Asset Management Inc.. View insider buying and selling activity 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, Robinhood, Fidelity, and Charles Schwab.

What is Ashland Global's stock price today?

One share of ASH stock can currently be purchased for approximately $67.37.

How big of a company is Ashland Global?

Ashland Global has a market capitalization of $4.06 billion and generates $2.49 billion in revenue each year. The basic materials company earns $505 million in net income (profit) each year or $2.50 on an earnings per share basis. Ashland Global employs 4,700 workers across the globe.

What is Ashland Global's official website?

The official website for Ashland Global is www.ashland.com.

How can I contact Ashland Global?

Ashland Global's mailing address is 8145 Blazer Drive, Wilmington DE, 19808. The basic materials company can be reached via phone at 302-995-3000 or via email at [email protected]

This page was last updated on 7/10/2020 by MarketBeat.com Staff

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