Ashland - ASH Stock Forecast, Price & News

7 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Ashland in the last twelve months. There are currently 1 sell rating, 1 hold rating and 5 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "buy" ASH shares.
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7 Wall Street analysts have issued twelve-month price objectives for Ashland's shares. Their ASH share price forecasts range from $105.00 to $148.00. On average, they predict the company's stock price to reach $128.13 in the next twelve months. This suggests a possible upside of 29.4% from the stock's current price.
View analysts price targets for ASH or view top-rated stocks among Wall Street analysts.

Ashland's stock was trading at $107.53 at the beginning of 2023. Since then, ASH stock has decreased by 7.9% and is now trading at $99.02.
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Ashland saw a drop in short interest in the month of March. As of March 15th, there was short interest totaling 721,100 shares, a drop of 27.1% from the February 28th total of 988,900 shares. Based on an average trading volume of 411,900 shares, the days-to-cover ratio is currently 1.8 days. Currently, 1.3% of the company's shares are short sold.
View Ashland's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Tuesday, April 25th 2023.
View our ASH earnings forecast.

Ashland Inc. (NYSE:ASH) released its quarterly earnings data on Wednesday, February, 1st. The basic materials company reported $0.97 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.95 by $0.02. The basic materials company earned $525 million during the quarter, compared to analysts' expectations of $516.58 million. Ashland had a trailing twelve-month return on equity of 9.82% and a net margin of 38.23%. The company's revenue was up 2.5% on a year-over-year basis. During the same quarter last year, the business posted $0.88 earnings per share.

Ashland declared a quarterly dividend on Monday, January 23rd. Shareholders of record on Wednesday, March 1st will be paid a dividend of $0.335 per share on Wednesday, March 15th. This represents a $1.34 dividend on an annualized basis and a dividend yield of 1.35%. The ex-dividend date is Tuesday, February 28th.
Read our dividend analysis for ASH.

ETFs with the largest weight of Ashland (NYSE:ASH) stock in their portfolio include Invesco DWA Basic Materials Momentum ETF (PYZ), Global X Guru Index ETF (GURU), First Trust Materials AlphaDEX Fund (FXZ), Opus Small Cap Value Plus ETF (OSCV), Invesco S&P MidCap Low Volatility ETF (XMLV), Invesco S&P MidCap Quality ETF (XMHQ), Invesco S&P MidCap Value with Momentum ETF (XMVM) and Pacer US Export Leaders ETF (PEXL).

Ashland (NYSE:ASH) pays an annual dividend of $1.34 per share and currently has a dividend yield of 1.36%. 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 8.32%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, ASH will have a dividend payout ratio of 19.62% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for ASH.

Ashland declared that its board has authorized a share 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 reacquire up to 8.7% of its shares through open market purchases. Shares buyback programs are usually a sign that the company's leadership believes its stock is undervalued.

Ashland issued an update on its first quarter 2023 earnings guidance on Wednesday, January, 25th. The company provided EPS guidance of $0.97-$0.97 for the period, compared to the consensus earnings per share estimate of $1.10. The company issued revenue guidance of $525.00 million-$525.00 million, compared to the consensus revenue estimate of $547.81 million.

78 employees have rated Ashland 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.

Based on aggregate information from My MarketBeat watchlists, some companies that other Ashland 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).

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

Ashland's stock is owned by many different retail and institutional investors. Top institutional shareholders include Dimensional Fund Advisors LP (4.28%), Neuberger Berman Group LLC (3.41%), Franklin Resources Inc. (3.11%), Diamond Hill Capital Management Inc. (2.33%), Clearbridge Investments LLC (2.22%) and Thrivent Financial for Lutherans (1.71%). Insiders that own company stock include Eric N Boni, J Kevin Willis, Peter Ganz and Swaminathan Ashok Kalyana.
View institutional ownership trends.

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.
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One share of ASH stock can currently be purchased for approximately $99.02.

Ashland (NYSE:ASH) has a market capitalization of $5.37 billion and generates $2.39 billion in revenue each year. The basic materials company earns $927 million in net income (profit) each year or $16.11 on an earnings per share basis.

The company employs 3,900 workers across the globe.

Ashland'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.