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NYSE:ASH

Ashland Global - ASH Stock Forecast, Price & News

$105.17
-1.25 (-1.17%)
(As of 08/11/2022 12:00 AM ET)
Add
Compare
Today's Range
$105.12
$107.48
50-Day Range
$94.81
$110.51
52-Week Range
$81.93
$112.91
Volume
300,415 shs
Average Volume
465,288 shs
Market Capitalization
$5.69 billion
P/E Ratio
6.62
Dividend Yield
1.26%
Price Target
$123.75

Ashland Global MarketRank™ Forecast

Analyst Rating
Moderate Buy
2.63 Rating Score
Upside/​Downside
17.7% Upside
$123.75 Price Target
Short Interest
Healthy
2.26% of Float Sold Short
Dividend Strength
Moderate
Based on Four Factors
Sustainability
-4.68
Upright™ Environmental Score
News Sentiment
0.54mentions of Ashland Global in the last 14 days
Based on 10 Articles This Week
Insider Trading
Selling Shares
$738,073 Sold Last Quarter
Proj. Earnings Growth
4.24%
From $5.66 to $5.90 Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.23 out of 5 stars

Basic Materials Sector

88th out of 172 stocks

Chemicals & Allied Products Industry

9th out of 15 stocks

ASH stock logo

About Ashland Global (NYSE:ASH) Stock

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.

Ashland Global Stock Down 1.0 %

Shares of NYSE:ASH traded down $1.11 during mid-day trading on Thursday, reaching $105.31. 13,753 shares of the company's stock traded hands, compared to its average volume of 544,262. Ashland Global has a 1-year low of $81.93 and a 1-year high of $112.91. The company has a debt-to-equity ratio of 0.40, a current ratio of 3.30 and a quick ratio of 2.20. The stock has a market cap of $5.70 billion, a P/E ratio of 6.70 and a beta of 1.04. The business has a 50-day simple moving average of $102.13 and a 200 day simple moving average of $99.43.

Ashland Global (NYSE:ASH - Get Rating) last released its quarterly earnings data on Tuesday, July 26th. The basic materials company reported $1.89 EPS for the quarter, topping the consensus estimate of $1.67 by $0.22. Ashland Global had a net margin of 38.83% and a return on equity of 10.33%. During the same period in the prior year, the firm posted $1.22 earnings per share. On average, analysts expect that Ashland Global will post 5.66 EPS for the current fiscal year.

Ashland Global Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, September 15th. Shareholders of record on Thursday, September 1st will be paid a dividend of $0.335 per share. This represents a $1.34 annualized dividend and a yield of 1.27%. The ex-dividend date of this dividend is Wednesday, August 31st. Ashland Global's dividend payout ratio is currently 8.43%.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on ASH shares. Deutsche Bank Aktiengesellschaft reduced their price objective on shares of Ashland Global from $122.00 to $120.00 in a research note on Tuesday, July 19th. Stifel Nicolaus upped their price objective on shares of Ashland Global from $136.00 to $140.00 in a report on Monday, July 18th. TheStreet raised Ashland Global from a "c" rating to a "b-" rating in a research note on Tuesday, April 26th. StockNews.com raised Ashland Global from a "hold" rating to a "buy" rating in a research note on Thursday, August 4th. Finally, Wells Fargo & Company lowered their price objective on shares of Ashland Global from $113.00 to $107.00 and set an "equal weight" rating on the stock in a research report on Monday, July 18th. Three analysts have rated the stock with a hold rating and six have given a buy rating to the company's stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $123.75.

Insider Activity

In other Ashland Global news, insider Eric N. Boni sold 2,657 shares of the company's stock in a transaction that occurred on Wednesday, June 8th. The shares were sold at an average price of $109.50, for a total value of $290,941.50. Following the completion of the transaction, the insider now directly owns 10,640 shares in the company, valued at $1,165,080. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. In related news, CFO J Kevin Willis sold 4,235 shares of the stock in a transaction that occurred on Thursday, June 2nd. The shares were sold at an average price of $105.58, for a total value of $447,131.30. Following the completion of the transaction, the chief financial officer now directly owns 4,066 shares of the company's stock, valued at approximately $429,288.28. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Eric N. Boni sold 2,657 shares of Ashland Global stock in a transaction dated Wednesday, June 8th. The stock was sold at an average price of $109.50, for a total value of $290,941.50. Following the sale, the insider now directly owns 10,640 shares of the company's stock, valued at approximately $1,165,080. The disclosure for this sale can be found here. Insiders own 7.79% of the company's stock.

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ASH Stock News Headlines

StockNews.com Lowers Ashland Global (NYSE:ASH) to Hold
Ashland: Fiscal Q3 Earnings Snapshot
Ashland (ASH) Tops Q3 Earnings and Revenue Estimates
Ashland Global Holdings Inc. Reveals Retreat In Q3 Income
See More Headlines
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ASH Company Calendar

Ex-Dividend for 6/15 Dividend
5/31/2022
Dividend Payable
6/15/2022
Last Earnings
7/26/2022
Today
8/12/2022
Ex-Dividend for 9/15 Dividend
8/31/2022
Dividend Payable
9/15/2022
Fiscal Year End
9/30/2022
Next Earnings (Estimated)
11/08/2022

Industry, Sector and Symbol

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

Price Target and Rating

Average Stock Price Forecast
$123.75
High Stock Price Forecast
$140.00
Low Stock Price Forecast
$107.00
Forecasted Upside/Downside
+17.7%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.63
Research Coverage
8 Analysts

Profitability

Net Income
$220 million
Pretax Margin
7.57%

Debt

Sales & Book Value

Annual Sales
$2.11 billion
Cash Flow
$8.11 per share
Book Value
$60.33 per share

Miscellaneous

Free Float
49,922,000
Market Cap
$5.69 billion
Optionable
Optionable
Beta
1.04

Social Links


Key Executives














ASH Stock - Frequently Asked Questions

Should I buy or sell Ashland Global stock right now?

8 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Ashland Global in the last year. There are currently 3 hold ratings and 5 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "buy" ASH shares.
View ASH analyst ratings
or view top-rated stocks.

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

8 Wall Street research analysts have issued 12-month price targets for Ashland Global's shares. Their ASH share price forecasts range from $107.00 to $140.00. On average, they anticipate the company's share price to reach $123.75 in the next twelve months. This suggests a possible upside of 17.7% from the stock's current price.
View analysts price targets for ASH
or view top-rated stocks among Wall Street analysts.

How have ASH shares performed in 2022?

Ashland Global's stock was trading at $107.66 at the beginning of the year. Since then, ASH stock has decreased by 2.3% and is now trading at $105.17.
View the best growth stocks for 2022 here
.

Are investors shorting Ashland Global?

Ashland Global saw a increase in short interest in July. As of July 31st, there was short interest totaling 1,220,000 shares, an increase of 8.9% from the July 15th total of 1,120,000 shares. Based on an average trading volume of 453,900 shares, the short-interest ratio is currently 2.7 days. Approximately 2.3% of the company's stock are sold short.
View Ashland Global's Short Interest
.

When is Ashland Global's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Tuesday, November 8th 2022.
View our ASH earnings forecast
.

How were Ashland Global's earnings last quarter?

Ashland Global Holdings Inc. (NYSE:ASH) released its quarterly earnings results on Tuesday, July, 26th. The basic materials company reported $1.89 EPS for the quarter, topping the consensus estimate of $1.67 by $0.22. Ashland Global had a net margin of 38.83% and a trailing twelve-month return on equity of 10.33%. During the same period last year, the company posted $1.22 EPS.

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

Ashland Global announced a quarterly dividend on Friday, August 5th. Shareholders of record on Thursday, September 1st will be given a dividend of $0.335 per share on Thursday, September 15th. This represents a $1.34 dividend on an annualized basis and a yield of 1.27%. The ex-dividend date is Wednesday, August 31st.
Read our dividend analysis for ASH
.

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 1.26%. The company 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 is 8.43%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, ASH will have a dividend payout ratio of 22.71% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for ASH.

How will Ashland Global's stock buyback program work?

Ashland Global announced that its board has approved a stock repurchase program on Wednesday, May 25th 2022, which allows the company to buyback $500,000,000.00 in shares, according to EventVestor. This buyback authorization allows the company to purchase up to 8.7% of its shares through open market purchases. Shares buyback programs are often a sign that the company's leadership believes its stock is undervalued.

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

Ashland Global updated its third quarter 2022 earnings guidance on Tuesday, August, 2nd. The company provided earnings per share (EPS) guidance of $1.89-$1.89 for the period, compared to the consensus estimate of $1.39. The company issued revenue guidance of $644.00 million-$644.00 million, compared to the consensus revenue estimate of $598.75 million.

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

78 employees have rated Ashland Global Chief Executive Officer William A. Wulfsohn on Glassdoor.com. William A. Wulfsohn has an approval rating of 48% among the company'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 institutional and retail investors. Top institutional shareholders include Franklin Resources Inc. (6.02%), Clearbridge Investments LLC (2.23%), Allspring Global Investments Holdings LLC (0.90%), Handelsbanken Fonder AB (0.63%), Pictet Asset Management SA (0.45%) and Principal Financial Group Inc. (0.37%). Insiders that own company stock include Eric N Boni, Guillermo Novo, J Kevin Willis, Peter Ganz, Swaminathan Ashok Kalyana and William J Heitman.
View institutional ownership trends
.

How do I buy shares of Ashland Global?

Shares of ASH stock 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 $105.17.

How much money does Ashland Global make?

Ashland Global (NYSE:ASH) has a market capitalization of $5.69 billion and generates $2.11 billion in revenue each year. The basic materials company earns $220 million in net income (profit) each year or $15.89 on an earnings per share basis.

How many employees does Ashland Global have?

The company 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 the company is www.ashland.com. The basic materials company can be reached via phone at (302) 995-3000, via email at investor_relations@ashland.com, or via fax at 859-815-5188.

This page (NYSE:ASH) was last updated on 8/12/2022 by MarketBeat.com Staff

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