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 equities research analysts have issued 12 month price objectives for Ashland's stock. Their ASH share price forecasts range from $105.00 to $148.00. On average, they predict the company's share price to reach $128.13 in the next twelve months. This suggests a possible upside of 31.8% 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 start of the year. Since then, ASH stock has decreased by 9.6% and is now trading at $97.23.
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Ashland saw a increase in short interest in February. As of February 28th, there was short interest totaling 988,900 shares, an increase of 21.7% from the February 13th total of 812,900 shares. Based on an average daily volume of 394,500 shares, the days-to-cover ratio is currently 2.5 days. Approximately 1.8% of the shares of the stock are sold short.
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 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 net margin of 38.23% and a trailing twelve-month return on equity of 9.82%. The firm's quarterly revenue was up 2.5% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.88 earnings per share.

Ashland declared a quarterly dividend on Monday, January 23rd. Investors of record on Wednesday, March 1st will be given a dividend of $0.335 per share on Wednesday, March 15th. This represents a $1.34 annualized dividend and a dividend yield of 1.38%. The ex-dividend date of this dividend 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 Momentum ETF (XMMO), Pacer US Export Leaders ETF (PEXL) and iShares U.S. Basic Materials ETF (IYM).

Ashland (NYSE:ASH) pays an annual dividend of $1.34 per share and currently has a dividend yield of 1.41%. 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 announced that its board has initiated a stock buyback program on Wednesday, May 25th 2022, which authorizes the company to repurchase $500,000,000.00 in outstanding shares, according to EventVestor. This repurchase authorization authorizes the company to purchase up to 8.7% of its stock through open market purchases. Stock repurchase programs are generally an indication that the company's management believes its stock is undervalued.

Ashland issued an update on its first quarter 2023 earnings guidance on Wednesday, January, 25th. The company provided earnings per share (EPS) guidance of $0.97-$0.97 for the period, compared to the consensus 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 a variety of institutional and retail investors. Top institutional investors 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 $97.23.

Ashland (NYSE:ASH) has a market capitalization of $5.28 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.