Do Institutional Investors Hate Ashland Inc (NYSE:ASH)?

January 14, 2018 - By Adrian Mccoy

 Do Institutional Investors Hate Ashland Inc (NYSE:ASH)?

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 turned negative, as 0 active investment managers opened new or increased stock positions, while 3 reduced and sold their holdings in Ashland Inc. The active investment managers in our partner’s database reported: 43,549 shares, down from 131,204 shares in 2017Q2. Also, the number of active investment managers 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 $29.25M 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. Monness Crespi & Hardt maintained the shares of ASH in report on Wednesday, January 27 with “Buy” rating. The firm has “Buy” rating given on Wednesday, June 21 by Jefferies. On Wednesday, November 8 the stock rating was maintained by KeyBanc Capital Markets with “Overweight”. The firm earned “Hold” rating on Friday, April 28 by Credit Suisse. The company was maintained on Friday, July 28 by Jefferies. KeyBanc Capital Markets maintained the stock with “Overweight” rating in Thursday, October 15 report. The firm has “Buy” rating by SunTrust given on Friday, December 1. The firm earned “Buy” rating on Tuesday, September 1 by TheStreet. As per Tuesday, September 26, the company rating was maintained by Jefferies. SunTrust maintained the stock with “Buy” rating in Friday, October 6 report.

More news for Ashland Global Holdings Inc. (NYSE:ASH) were recently published by: Marketwatch.com, which released: “Ashland Global to acquire Pharmachem Laboratories for $660 million” on April 17, 2017. Seekingalpha.com‘s article titled: “Ashland Global Holdings (ASH) Q4 2017 Results – Earnings Call Transcript” and published on November 07, 2017 is yet another important article.

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