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

$50.51
-0.97 (-1.88 %)
(As of 03/29/2020 04:00 PM ET)
Today's Range
$49.00
Now: $50.51
$51.78
50-Day Range
$39.76
MA: $66.62
$81.31
52-Week Range
$38.88
Now: $50.51
$81.82
Volume559,615 shs
Average Volume847,801 shs
Market Capitalization$3.04 billion
P/E Ratio5.33
Dividend Yield2.14%
Beta1.15
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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Industry, Sector and Symbol

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

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$2.49 billion
Cash Flow$7.44 per share
Book Value$59.00 per share

Profitability

Net Income$505 million

Miscellaneous

Employees4,700
Market Cap$3.04 billion
Next Earnings Date5/5/2020 (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 (WHO). Since then, ASH stock has decreased by 9.1% and is now trading at $50.51. View which stocks have been mosted impacted by Coronavirus.

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

9 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Ashland Global in the last year. There are currently 1 sell rating, 3 hold ratings and 5 buy ratings for the stock, resulting in a consensus recommendation of "Hold." 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, May 5th 2020. 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 data on Monday, January, 27th. The basic materials company reported $0.13 earnings per share (EPS) for the quarter, topping the Thomson Reuters' consensus estimate of $0.10 by $0.03. The basic materials company earned $533 million during the quarter, compared to analysts' expectations of $534.68 million. Ashland Global had a return on equity of 4.50% and a net margin of 23.88%. The business's revenue was down 7.5% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.14 EPS. 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 Monday, February 3rd. Shareholders of record on Friday, February 28th will be given a dividend of $0.275 per share on Sunday, March 15th. This represents a $1.10 dividend on an annualized basis and a yield of 2.18%. The ex-dividend date of this dividend is Thursday, February 27th. View Ashland Global's dividend history.

What price target have analysts set for ASH?

9 equities research analysts have issued 1 year target prices for Ashland Global's shares. Their forecasts range from $55.00 to $92.00. On average, they expect Ashland Global's share price to reach $80.38 in the next year. This suggests a possible upside of 59.1% from the stock's current price. View analysts' price targets for Ashland Global.

Has Ashland Global been receiving favorable news coverage?

Media headlines about ASH stock have trended extremely negative on Sunday, according to InfoTrie. The research group identifies positive and negative media coverage by analyzing more than six thousand blog and news sources in real time. The firm ranks coverage of public 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 -4.0 on InfoTrie's scale. They also assigned news stories about the basic materials company a news buzz of 4.0 out of 10, meaning that recent media coverage is somewhat unlikely to have an impact on the company's share price in the near future. View the latest news aboutAshland Global.

Are investors shorting Ashland Global?

Ashland Global saw a decrease in short interest during the month of March. As of March 13th, there was short interest totaling 2,465,400 shares, a decrease of 24.1% from the February 27th total of 3,250,000 shares. Based on an average daily trading volume, of 603,000 shares, the short-interest ratio is presently 4.1 days. Currently, 4.1% of the company's shares 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), Boeing (BA), AbbVie (ABBV), IBM (IBM), Exxon Mobil (XOM), Bristol-Myers Squibb (BMY), General Electric (GE), Altria Group (MO) and UnitedHealth Group (UNH).

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 Diamond Hill Capital Management Inc. (2.99%), State Street Corp (2.78%), Wedge Capital Management L L P NC (2.52%), Schroder Investment Management Group (2.05%), FMR LLC (1.98%) and Pictet Asset Management Ltd. (1.79%). 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 selling Ashland Global stock?

ASH stock was sold by a variety of institutional investors in the last quarter, including Victory Capital Management Inc., Victory Capital Management Inc., Nuveen Asset Management LLC, FIL Ltd, AQR Capital Management LLC, Marshall Wace North America L.P., Exane Asset Management, and Wedge Capital Management L L P NC. Company insiders that have sold Ashland Global company stock in the last year include J Kevin Willis, Peter Ganz, and William J Heitman. View insider buying and selling activity 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 York Capital Management Global Advisors LLC, Norges Bank, Diamond Hill Capital Management Inc., Schroder Investment Management Group, MUFG Securities EMEA plc, Man Group plc, FMR LLC, and DekaBank Deutsche Girozentrale. 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 $50.51.

How big of a company is Ashland Global?

Ashland Global has a market capitalization of $3.04 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. View additional information about Ashland Global.

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 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]


MarketBeat Community Rating for Ashland Global (NYSE ASH)

Community Ranking:  2.9 out of 5 (star star)
Outperform Votes:  526 (Vote Outperform)
Underperform Votes:  381 (Vote Underperform)
Total Votes:  907
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 3/29/2020 by MarketBeat.com Staff

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