Ashland Global Holdings Inc. (NYSE:ASH) announced a quarterly dividend on Wednesday, November 18th, RTT News reports. Stockholders of record on Tuesday, December 1st will be paid a dividend of 0.275 per share by the basic materials company on Tuesday, December 15th. This represents a $1.10 annualized dividend and a dividend yield of 1.41%.
Shares of ASH opened at $78.13 on Friday. Ashland Global has a 12 month low of $38.88 and a 12 month high of $83.28. The stock has a fifty day moving average price of $74.49 and a 200-day moving average price of $71.62. The company has a current ratio of 1.90, a quick ratio of 1.25 and a debt-to-equity ratio of 0.52. The firm has a market cap of $4.72 billion, a PE ratio of -9.30 and a beta of 1.41.
Ashland Global (NYSE:ASH) last issued its quarterly earnings data on Sunday, November 15th. The basic materials company reported $0.99 EPS for the quarter, beating the consensus estimate of $0.75 by $0.24. Ashland Global had a positive return on equity of 5.40% and a negative net margin of 21.84%. The firm had revenue of $609.00 million during the quarter, compared to analyst estimates of $589.15 million. During the same quarter in the prior year, the business posted $0.77 EPS. The business’s revenue for the quarter was up .0% compared to the same quarter last year. As a group, research analysts forecast that Ashland Global will post 3.94 EPS for the current year.
Several research firms recently issued reports on ASH. Monness Crespi & Hardt upped their target price on Ashland Global from $80.00 to $88.00 and gave the company a “buy” rating in a research report on Thursday, July 30th. BMO Capital Markets upped their target price on Ashland Global from $80.00 to $106.00 and gave the company an “outperform” rating in a research report on Wednesday, August 5th. Credit Suisse Group upped their target price on Ashland Global from $91.00 to $94.00 and gave the company an “outperform” rating in a research report on Thursday, November 12th. Wells Fargo & Company upped their target price on Ashland Global from $85.00 to $90.00 and gave the company an “overweight” rating in a research report on Thursday, July 30th. Finally, Deutsche Bank Aktiengesellschaft began coverage on Ashland Global in a research report on Friday, October 9th. They issued a “positive” rating on the stock. They noted that the move was a valuation call. Five analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. The stock has a consensus rating of “Buy” and an average target price of $86.73.
In other Ashland Global news, insider Eric N. Boni sold 1,066 shares of the stock in a transaction dated Friday, October 2nd. The stock was sold at an average price of $70.03, for a total transaction of $74,651.98. Following the sale, the insider now directly owns 11,048 shares of the company’s stock, valued at approximately $773,691.44. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 9.33% of the stock is currently owned by company insiders.
About Ashland Global
Ashland Global Holdings Inc provides specialty chemical solutions worldwide. The company's Specialty Ingredients segment offers products, technologies, and resources for solving formulation and product-performance challenges. It provides solutions using natural, synthetic, and semisynthetic polymers derived from cellulose ethers, vinyl pyrrolidones, acrylic polymers, polyester and polyurethane-based adhesives, and plant and seed extracts.
Featured Article: Buy-Side Analysts
Receive News & Ratings for Ashland Global Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Ashland Global and related companies with MarketBeat.com's FREE daily email newsletter.