Credit Suisse Group Reiterates $95.00 Price Target for Ashland Global (ASH)

Credit Suisse Group set a $95.00 price target on Ashland Global (NYSE:ASH) in a report published on Sunday. The firm currently has a buy rating on the basic materials company’s stock.

Other equities analysts have also issued research reports about the stock. KeyCorp restated a buy rating and set a $93.00 price target on shares of Ashland Global in a research report on Thursday, August 2nd. SunTrust Banks reiterated a buy rating and set a $90.00 target price on shares of Ashland Global in a research report on Friday, July 20th. UBS Group increased their target price on shares of Ashland Global from $93.00 to $96.00 and gave the stock a buy rating in a research report on Tuesday, October 2nd. Zacks Investment Research lowered shares of Ashland Global from a buy rating to a hold rating in a research report on Tuesday, August 28th. Finally, JPMorgan Chase & Co. increased their target price on shares of Ashland Global from $81.00 to $87.00 and gave the stock a neutral rating in a research report on Friday, August 24th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and ten have assigned a buy rating to the company’s stock. The stock currently has an average rating of Buy and an average target price of $90.00.

ASH opened at $77.84 on Friday. The stock has a market cap of $4.76 billion, a P/E ratio of 31.90, a P/E/G ratio of 1.93 and a beta of 1.28. The company has a debt-to-equity ratio of 0.72, a current ratio of 2.25 and a quick ratio of 1.37. Ashland Global has a fifty-two week low of $64.13 and a fifty-two week high of $86.63.

In other Ashland Global news, VP Keith C. Silverman sold 2,286 shares of the stock in a transaction dated Tuesday, September 18th. The shares were sold at an average price of $84.71, for a total transaction of $193,647.06. Following the completion of the transaction, the vice president now owns 4,183 shares in the company, valued at $354,341.93. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 1.14% of the stock is owned by company insiders.

Several institutional investors have recently made changes to their positions in ASH. Royal Bank of Canada lifted its holdings in shares of Ashland Global by 33.8% in the first quarter. Royal Bank of Canada now owns 6,078 shares of the basic materials company’s stock worth $424,000 after buying an additional 1,536 shares in the last quarter. Principal Financial Group Inc. raised its stake in Ashland Global by 2.5% in the first quarter. Principal Financial Group Inc. now owns 271,009 shares of the basic materials company’s stock valued at $18,914,000 after purchasing an additional 6,573 shares in the last quarter. State of Alaska Department of Revenue raised its stake in Ashland Global by 40.1% in the second quarter. State of Alaska Department of Revenue now owns 6,810 shares of the basic materials company’s stock valued at $532,000 after purchasing an additional 1,950 shares in the last quarter. Handelsbanken Fonder AB raised its stake in Ashland Global by 6.1% in the second quarter. Handelsbanken Fonder AB now owns 350,000 shares of the basic materials company’s stock valued at $27,363,000 after purchasing an additional 20,000 shares in the last quarter. Finally, Leavell Investment Management Inc. raised its stake in Ashland Global by 15.0% in the second quarter. Leavell Investment Management Inc. now owns 11,850 shares of the basic materials company’s stock valued at $926,000 after purchasing an additional 1,550 shares in the last quarter. 93.25% of the stock is currently owned by hedge funds and other institutional investors.

Ashland Global Company Profile

Ashland Global Holdings Inc provides specialty chemical solutions worldwide. Its Specialty Ingredients segment provides products, technologies, and resources for solving formulation and product-performance challenges. 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-based adhesives.

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Analyst Recommendations for Ashland Global (NYSE:ASH)

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