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Ashland (ASH)
NYSE:ASH
Ashland (ASH) Stock Price & Analysis
246 Followers
ASH Stock Chart & Stats
Day’s Range$0 - $0
52-Week Range$69.90 - $102.50
Previous Close$92.28
Volume342.19K
Average Volume (3M)362.97K
Market Cap
$4.63B
Enterprise Value$5.66B
Total Cash (Recent Filing)$440.00M
Total Debt (Recent Filing)$1.47B
Price to Earnings (P/E)24.4
Beta0.80
Next Earnings
Jul 23, 2024EPS Estimate
$1.46Last Dividend Ex-Date
May 31, 2024Dividend Yield1.69%
Share Statistics
EPS (TTM)3.79
Shares Outstanding50,127,444
10 Day Avg. Volume490,312
30 Day Avg. Volume362,974
Standard Deviation0.08
R-Squared0.39
Alpha-0.00212
Financial Highlights & Ratios
Price to Book (P/B)6.21
Price to Sales (P/S)9.39
Price to Cash Flow (P/CF)6.50
P/FCF Ratio7.40
Enterprise Value/Market CapN/A
Enterprise Value/Revenue2.64
Enterprise Value/Gross Profit8.47
Enterprise Value/Ebitda13.69
Forecast
1Y Price Target
$110.73Price Target Upside19.99% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering11
Ashland News
PremiumPress Releases
Ashland announces Life Sciences business leader
PremiumCompany Announcements
Ashland Inc. Welcomes Ashish K. Kulkarni to Board Committees
Bulls Say, Bears Say
Bulls Say
EarningsRaising price target to $110 from $101 on higher earnings and multiples.
Financial PerformanceEBITDA guidance for FY3Q24 was better than expected, and ASH raised the low end of its FY2024 EBITDA guidance.
Mergers And AcquisitionsRecent M&A activity in the sector suggests potential for multiple improvement in ASH's valuation.
Bears Say
EarningsIntermediates adjusted EBITDA declined 40% year-over-year, even with higher merchant volume.
Financial PerformanceLife Sciences adjusted EBITDA fell 12% year-over-year despite higher volumes.
Market ValuationASH is not expected to trade at multiples in line with its Flavor and Fragrance peers, suggesting potential undervaluation.
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Risk Analysis
Main Risk Category
Macro & PoliticalRisks related to catastrophic events or geopolitical conditions that may disrupt the company’s business
ASH FAQ
What was Ashland’s price range in the past 12 months?
Ashland lowest stock price was $69.90 and its highest was $102.50 in the past 12 months.
What is Ashland’s market cap?
Currently, no data Available
When is Ashland’s upcoming earnings report date?
Ashland’s upcoming earnings report date is Jul 23, 2024 which is in 20 days.
How were Ashland’s earnings last quarter?
Ashland released its earnings results on Apr 30, 2024. The company reported $1.27 earnings per share for the quarter, beating the consensus estimate of $1.144 by $0.126.
Is Ashland overvalued?
According to Wall Street analysts Ashland’s price is currently Undervalued.
Does Ashland pay dividends?
Ashland pays a Quarterly dividend of $0.41 which represents an annual dividend yield of 1.69%. See more information on Ashland dividends here
What is Ashland’s EPS estimate?
Ashland’s EPS estimate is $1.46.
How many shares outstanding does Ashland have?
Ashland has 50,127,445 shares outstanding.
What happened to Ashland’s price movement after its last earnings report?
Ashland reported an EPS of $1.27 in its last earnings report, beating expectations of $1.144. Following the earnings report the stock price went down -0.864%.
Which hedge fund is a major shareholder of Ashland?
Among the largest hedge funds holding Ashland’s share is Eminence Capital LLC. It holds Ashland’s shares valued at 320M.
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Ashland Stock Smart Score
Unlock Smart Score
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Analyst Consensus
Moderate Buy
Average Price Target:
$110.73 (19.99% Upside)
$110.73 (19.99% Upside)
Blogger Sentiment
Neutral
ASH Sentiment 50%
Sector Average 70%
Sector Average 70%
Hedge Fund Trend
Decreased
By 248.0K Shares
Last Quarter.
Last Quarter.
News Sentiment
Neutral
Bullish news 50%
Bearish news 50%
Bearish news 50%
Technicals
SMA
Positive
20 days / 200 days
Momentum
8.05%
12-Months-Change
Fundamentals
Return on Equity
5.72%
Trailing 12-Months
Asset Growth
-3.80%
Trailing 12-Months
Company Description
Ashland
Ashland Global Holdings, Inc. is a global specialty chemicals company. The company engages in the manufacture and distribution of adhesives, architectural coatings, automotive, construction, energy, food and beverage, personal care, and pharmaceutical. It operates through the following segments: Specialty Ingredients, and Intermediates and Solvents. The Specialty Ingredients segment offers industry products, technologies, and resources for solving formulation and product-performance challenges. The Intermediates and Solvents segment produces butanediol and related derivatives, including tetrahydrofuran and n-methylpyrrolidone. The company was founded in 1924 and is headquartered in Covington. KY.
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ASH Company Deck
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ASH Earnings Call
Q2 2024
0:00 / 0:00
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ASH Stock 12 Month Forecast
Average Price Target
$110.73
▲(19.99% Upside)
Technical Analysis
Best Analysts Covering ASH
1 Year
1 Year Success Rate
20/27 ratings generated profit
1 Year Average Return
+6.31%
reiterated a buy rating 5 months ago
Copying David Begleiter's trades and holding each position for 1 Year would result in 74.07% of your transactions generating a profit, with an average return of +6.31% per trade.
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