Ashland Global (ASH) Earning Somewhat Positive News Coverage, Study Finds

Media coverage about Ashland Global (NYSE:ASH) has been trending somewhat positive recently, according to Accern. The research group identifies negative and positive media coverage by monitoring more than twenty million blog and news sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores nearest to one being the most favorable. Ashland Global earned a news sentiment score of 0.12 on Accern’s scale. Accern also gave news articles about the basic materials company an impact score of 46.8129394647943 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the near future.

Here are some of the news articles that may have effected Accern’s analysis:

A number of equities research analysts recently commented on ASH shares. Jefferies Group reissued a “buy” rating and set a $74.00 target price on shares of Ashland Global in a research report on Sunday, September 3rd. Zacks Investment Research raised shares of Ashland Global from a “hold” rating to a “buy” rating and set a $75.00 target price for the company in a research report on Tuesday, October 24th. Deutsche Bank raised their price target on shares of Ashland Global from $74.00 to $78.00 and gave the stock a “buy” rating in a report on Wednesday, November 8th. Credit Suisse Group raised their price target on shares of Ashland Global from $65.00 to $69.00 and gave the stock a “neutral” rating in a report on Wednesday, November 8th. Finally, UBS raised their price target on shares of Ashland Global from $74.00 to $78.00 and gave the stock a “buy” rating in a report on Tuesday, November 7th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and four have given a buy rating to the company. Ashland Global has an average rating of “Hold” and an average price target of $82.57.

Ashland Global (NYSE ASH) traded down $0.32 during midday trading on Tuesday, hitting $70.72. 572,525 shares of the company’s stock were exchanged, compared to its average volume of 892,880. The stock has a market capitalization of $4,389.34, a PE ratio of 15.75, a P/E/G ratio of 2.07 and a beta of 1.10. Ashland Global has a fifty-two week low of $53.79 and a fifty-two week high of $74.75. The company has a current ratio of 1.97, a quick ratio of 1.31 and a debt-to-equity ratio of 0.76.

Ashland Global (NYSE:ASH) last posted its quarterly earnings results on Monday, November 6th. The basic materials company reported $0.78 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.69 by $0.09. The company had revenue of $880.00 million during the quarter, compared to analysts’ expectations of $869.62 million. The company’s quarterly revenue was up 16.7% on a year-over-year basis. During the same period in the prior year, the business posted $1.52 EPS. sell-side analysts forecast that Ashland Global will post 3.42 earnings per share for the current year.

The business also recently declared a quarterly dividend, which was paid on Friday, December 15th. Shareholders of record on Friday, December 1st were issued a $0.225 dividend. The ex-dividend date of this dividend was Thursday, November 30th. This represents a $0.90 dividend on an annualized basis and a dividend yield of 1.27%. Ashland Global’s dividend payout ratio is currently -9,000,000.00%.

In related news, insider Peter Ganz sold 3,379 shares of the firm’s stock in a transaction on Monday, November 20th. The shares were sold at an average price of $70.63, for a total transaction of $238,658.77. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO J Kevin Willis sold 8,152 shares of the firm’s stock in a transaction on Monday, November 27th. The stock was sold at an average price of $70.70, for a total transaction of $576,346.40. The disclosure for this sale can be found here. In the last ninety days, insiders sold 16,342 shares of company stock valued at $1,148,839. Corporate insiders own 1.14% of the company’s stock.

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Ashland Global Company Profile

Ashland Inc is engaged in specialty chemicals, and through Valvoline, is a consumer-branded lubricant supplier. The Company operates in three segments: Ashland Specialty Ingredients (Specialty Ingredients), Ashland Performance Materials (Performance Materials) and Valvoline. Its Specialty Ingredients segment is engaged in providing cellulose ethers, vinyl pyrrolidones and biofunctionals, and consists of two divisions: Consumer Specialties and Industrial Specialties.

Insider Buying and Selling by Quarter for Ashland Global (NYSE:ASH)

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