Ashland Inc (NYSE:ASH): Negative Stock Sentiment

January 14, 2018 - By simple simple

 Ashland Inc (NYSE:ASH): Negative Stock Sentiment

Sentiment for Ashland Inc (NYSE:ASH)

Ashland Inc (NYSE:ASH) institutional sentiment decreased to 0 in Q3 2017. Its down -0.33, from 0.33 in 2017Q2. The ratio worsened, as 0 funds increased or started new stock positions, while 3 reduced and sold their stakes in Ashland Inc. The funds in our partner’s database now have: 43,549 shares, down from 131,204 shares in 2017Q2. Also, the number of funds holding Ashland Inc in their top 10 stock positions was flat from 0 to 0 for the same number . Sold All: 2 Reduced: 1 Increased: 0 New Position: 0.

Ashland Global Holdings Inc. provides specialty chemical solutions worldwide. The company has market cap of $4.61 billion. It operates through Specialty Ingredients, Performance Materials, and Valvoline divisions. It has a 7412 P/E ratio. The firm provides products, technologies, and resources for solving formulation and product-performance challenges.

The stock increased 0.52% or $0.38 during the last trading session, reaching $74.12. About 367,775 shares traded. Ashland Global Holdings Inc. (NYSE:ASH) has risen 18.65% since January 14, 2017 and is uptrending. It has outperformed by 1.95% the S&P500.

Analysts await Ashland Global Holdings Inc. (NYSE:ASH) to report earnings on January, 25. They expect $0.47 earnings per share, down 59.48 % or $0.69 from last year’s $1.16 per share. ASH’s profit will be $29.25 million for 39.43 P/E if the $0.47 EPS becomes a reality. After $0.78 actual earnings per share reported by Ashland Global Holdings Inc. for the previous quarter, Wall Street now forecasts -39.74 % negative EPS growth.

Bruce & Co. Inc. holds 0.37% of its portfolio in Ashland Global Holdings Inc. for 25,000 shares. Novare Capital Management Llc owns 15,110 shares or 0.17% of their US portfolio. Moreover, Fruth Investment Management has 0.1% invested in the company for 3,200 shares. The Kentucky-based Alphamark Advisors Llc has invested 0% in the stock. Gemmer Asset Management Llc, a California-based fund reported 133 shares.#img1#

Ashland Global Holdings Inc. (NYSE:ASH) Ratings Coverage

Ratings analysis reveals 88% of Ashland’s analysts are positive. Out of 8 Wall Street analysts rating Ashland, 7 give it “Buy”, 0 “Sell” rating, while 1 recommend “Hold”. The lowest target is $6 while the high is $140. The stock’s average target of $88.50 is 19.40% above today’s ($74.12) share price. ASH was included in 27 notes of analysts from July 31, 2015. The company was maintained on Wednesday, November 8 by Credit Suisse. The stock of Ashland Global Holdings Inc. (NYSE:ASH) has “Hold” rating given on Friday, April 28 by Credit Suisse. UBS maintained the shares of ASH in report on Tuesday, November 7 with “Buy” rating. Deutsche Bank maintained the shares of ASH in report on Thursday, August 3 with “Buy” rating. Deutsche Bank maintained Ashland Global Holdings Inc. (NYSE:ASH) rating on Wednesday, November 8. Deutsche Bank has “Buy” rating and $78 target. The stock of Ashland Global Holdings Inc. (NYSE:ASH) earned “Buy” rating by Jefferies on Tuesday, September 26. KeyBanc Capital Markets maintained the stock with “Overweight” rating in Thursday, October 15 report. Goldman Sachs downgraded Ashland Global Holdings Inc. (NYSE:ASH) rating on Friday, October 9. Goldman Sachs has “Buy” rating and $125 target. The firm has “Buy” rating by Jefferies given on Friday, July 28. The stock of Ashland Global Holdings Inc. (NYSE:ASH) earned “Buy” rating by Deutsche Bank on Wednesday, September 23.

More recent Ashland Global Holdings Inc. (NYSE:ASH) news were published by: Seekingalpha.com which released: “Ashland Global Holdings (ASH) Q4 2017 Results – Earnings Call Transcript” on November 07, 2017. Also Nasdaq.com published the news titled: “Ashland Global Holdings Inc. (ASH) Ex-Dividend Date Scheduled for November 30 …” on November 29, 2017. Prnewswire.com‘s news article titled: “What’s Happening With These Basic Materials Stocks? — Ashland Global, Tronox …” with publication date: January 03, 2018 was also an interesting one.

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