Ashland Global (ASH) Getting Somewhat Positive News Coverage, Report Finds

News articles about Ashland Global (NYSE:ASH) have trended somewhat positive recently, according to Accern Sentiment. Accern identifies positive and negative news coverage by reviewing more than twenty million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Ashland Global earned a news impact score of 0.08 on Accern’s scale. Accern also assigned media headlines about the basic materials company an impact score of 45.0013814058358 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the near term.

These are some of the media headlines that may have impacted Accern Sentiment’s scoring:

Shares of Ashland Global (ASH) remained flat at $$72.55 during trading on Wednesday. The company had a trading volume of 558,992 shares, compared to its average volume of 513,691. 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 has a 1 year low of $54.63 and a 1 year high of $74.81. The stock has a market cap of $4,510.00, a PE ratio of -42.93, a P/E/G ratio of 2.17 and a beta of 1.11.

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

ASH has been the subject of several recent research reports. Zacks Investment Research upgraded shares of Ashland Global from a “hold” rating to a “buy” rating and set a $75.00 price target for the company in a report on Tuesday, October 24th. Credit Suisse Group boosted their price target on shares of Ashland Global from $65.00 to $69.00 and gave the company a “neutral” rating in a report on Wednesday, November 8th. Jefferies Group restated a “buy” rating and issued a $77.00 price target (up previously from $74.00) on shares of Ashland Global in a report on Tuesday, September 26th. SunTrust Banks boosted their price target on shares of Ashland Global to $83.00 and gave the company a “buy” rating in a report on Friday, December 1st. Finally, UBS Group boosted their price target on shares of Ashland Global from $74.00 to $78.00 and gave the company a “buy” rating in a report on Tuesday, November 7th. Two analysts have rated the stock with a sell rating, three have assigned a hold rating and four have given a buy rating to the stock. The company presently has an average rating of “Hold” and an average price target of $82.57.

In other Ashland Global news, CFO J Kevin Willis sold 916 shares of the business’s stock in a transaction that occurred on Friday, November 17th. The shares were sold at an average price of $70.61, for a total transaction of $64,678.76. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, insider Peter Ganz sold 3,379 shares of the business’s stock in a transaction that occurred on Monday, November 20th. The stock was sold at an average price of $70.63, for a total transaction of $238,658.77. The disclosure for this sale can be found here. In the last ninety days, insiders sold 16,342 shares of company stock worth $1,148,839. Insiders own 1.14% of the company’s stock.

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About Ashland Global

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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