Ashland Global Holdings Inc. (NYSE:ASH) SVP Anne T. Schumann sold 8,507 shares of the stock in a transaction that occurred on Tuesday, January 16th. The shares were sold at an average price of $73.46, for a total value of $624,924.22. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink.
Anne T. Schumann also recently made the following trade(s):
- On Wednesday, January 17th, Anne T. Schumann sold 11,733 shares of Ashland Global stock. The shares were sold at an average price of $73.26, for a total value of $859,559.58.
Ashland Global Holdings Inc. (NYSE:ASH) opened at $74.33 on Friday. Ashland Global Holdings Inc. has a twelve month low of $59.80 and a twelve month high of $128.19. The company has a current ratio of 1.97, a quick ratio of 1.31 and a debt-to-equity ratio of 0.76. The company has a market capitalization of $4,625.18, a P/E ratio of -7,433,000.00, a price-to-earnings-growth ratio of 2.18 and a beta of 1.11.
Ashland Global (NYSE:ASH) last announced its quarterly earnings data on Monday, November 6th. The basic materials company reported $0.78 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.69 by $0.09. The company had revenue of $880.00 million during the quarter, compared to analyst estimates of $869.62 million. The company’s revenue was up 16.7% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.52 EPS. equities research analysts forecast that Ashland Global Holdings Inc. will post 3.42 EPS for the current year.
Several brokerages have commented on ASH. Jefferies Group reiterated a “buy” rating and set a $77.00 price target (up previously from $74.00) on shares of Ashland Global in a report on Tuesday, September 26th. Zacks Investment Research downgraded Ashland Global from a “hold” rating to a “strong sell” rating in a report on Monday, January 15th. SunTrust Banks reiterated a “buy” rating and set a $74.00 price target on shares of Ashland Global in a report on Friday, November 10th. UBS Group increased their price target on Ashland Global from $74.00 to $78.00 and gave the company a “buy” rating in a report on Tuesday, November 7th. Finally, Credit Suisse Group increased their price target on Ashland Global from $65.00 to $69.00 and gave the company a “neutral” rating in a report on Wednesday, November 8th. Two research analysts have rated the stock with a sell rating, three have issued a hold rating and four have assigned a buy rating to the company’s stock. Ashland Global has an average rating of “Hold” and a consensus target price of $82.57.
Institutional investors have recently made changes to their positions in the company. Sawyer & Company Inc acquired a new stake in shares of Ashland Global in the fourth quarter worth $157,000. Chicago Partners Investment Group LLC grew its stake in shares of Ashland Global by 600.3% in the third quarter. Chicago Partners Investment Group LLC now owns 2,332 shares of the basic materials company’s stock worth $152,000 after acquiring an additional 1,999 shares during the last quarter. Commonwealth Equity Services Inc acquired a new stake in shares of Ashland Global in the third quarter worth $234,000. State of Alaska Department of Revenue acquired a new stake in shares of Ashland Global in the fourth quarter worth $263,000. Finally, Sciencast Management LP acquired a new stake in shares of Ashland Global in the second quarter worth $271,000. Institutional investors and hedge funds own 91.77% 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.
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