TOday’s Movers: Ashland Global Holdings (NYSE:ASH) Stock Rating Kept by Analysts at UBS; $96 Target Price Indicates 14.00 % Potential

October 2, 2018 - By Adrian Erickson

Ashland Global Holdings Inc. (NYSE:ASH) Logo

Investors sentiment increased to Infinity in 2018 Q2. Its up Infinity, from 0 in 2018Q1. It is positive, as 0 investors sold Ashland Global Holdings Inc. shares while 0 reduced holdings. 2 funds opened positions while 1 raised stakes. 92,420 shares or 115.99% more from 42,789 shares in 2018Q1 were reported.

Novare Capital Lc invested in 0.19% or 14,565 shares. Bruce owns 25,000 shares or 0.39% of their US portfolio. Alphamark Advisors Ltd Liability Co reported 106 shares. Whittier Tru Of Nevada accumulated 600 shares or 0.01% of the stock. Gemmer Asset Limited Liability Company reported 0% of its portfolio in Ashland Global Holdings Inc. (NYSE:ASH). Fruth Inv Mngmt accumulated 3,200 shares. Todd Asset Mgmt Lc reported 0.01% stake.

Ashland Global Holdings (NYSE:ASH) Rating Reaffirmed

UBS now has a $96 PT on shares of Ashland Global Holdings (NYSE:ASH). The PT would indicate a potential upside of 14.00 % from the last close price of Ashland Global Holdings (NYSE:ASH). This rating was released in analysts report on Tuesday, 2 October.

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

Among 4 analysts covering Ashland Global Holdings (NYSE:ASH), 3 have Buy rating, 0 Sell and 1 Hold. Therefore 75% are positive. Ashland Global Holdings has $95 highest and $81 lowest target. $91’s average target is 8.06% above currents $84.21 stock price. Ashland Global Holdings had 5 analyst reports since May 3, 2018 according to SRatingsIntel. The firm has “Outperform” rating given on Thursday, August 2 by Credit Suisse. The firm has “Outperform” rating given on Thursday, August 2 by BMO Capital Markets. JP Morgan maintained it with “Neutral” rating and $87 target in Friday, August 24 report. The stock has “Neutral” rating by JP Morgan on Friday, June 15. KeyBanc Capital Markets maintained it with “Overweight” rating and $87 target in Thursday, May 3 report.

The stock increased 0.42% or $0.35 during the last trading session, reaching $84.21. About 344,890 shares traded. Ashland Global Holdings Inc. (NYSE:ASH) has risen 31.68% since October 2, 2017 and is uptrending. It has outperformed by 16.06% the S&P500.

Analysts await Ashland Global Holdings Inc. (NYSE:ASH) to report earnings on November, 5. They expect $0.97 EPS, up 24.36 % or $0.19 from last year’s $0.78 per share. ASH’s profit will be $60.55M for 21.70 P/E if the $0.97 EPS becomes a reality. After $1.13 actual EPS reported by Ashland Global Holdings Inc. for the previous quarter, Wall Street now forecasts -14.16 % negative EPS growth.

Ashland Global Holdings Inc. provides specialty chemical solutions worldwide. The company has market cap of $5.26 billion. The Company’s Specialty Ingredients segment provides products, technologies, and resources for solving formulation and product-performance challenges. It has a 113.03 P/E ratio. It offers solutions using natural, synthetic, and semisynthetic polymers derived from plant and seed extract, cellulose ethers, vinyl pyrrolidones, and acrylic polymers, as well as polyester and polyurethane adhesives.

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

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