Latest Stocks: KeyCorp Comments on Ashland Global Holdings Inc.’s FY2018 Earnings (ASH)

Latest Stocks: KeyCorp Comments on Ashland Global Holdings Inc.’s FY2018 Earnings (ASH)

Other equities research analysts have also recently issued research reports about the stock. TheStreet upgraded shares of Ashland Global Holdings from a “c+” rating to a “b” rating in a research note on Wednesday, April 26th. Jefferies Group LLC reiterated a “buy” rating and set a $127.00 price objective on shares of Ashland Global Holdings in a research report on Wednesday, February 1st. Zacks Investment Research upgraded shares of Ashland Global Holdings from a “strong sell” rating to a “buy” rating and set a $132.00 price objective on the stock in a research report on Tuesday, January 31st. ValuEngine upgraded shares of Ashland Global Holdings from a “hold” rating to a “buy” rating in a research report on Tuesday. Finally, Credit Suisse Group AG set a $122.00 price objective on shares of Ashland Global Holdings and gave the company a “hold” rating in a research report on Thursday, April 27th. Two investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. The stock presently has an average rating of “Buy” and a consensus target price of $131.25.

Ashland Global Holdings Inc. (NYSE:ASH) – Equities research analysts at KeyCorp issued their FY2018 earnings per share (EPS) estimates for shares of Ashland Global Holdings in a research note issued to investors on Sunday. KeyCorp analyst M. Sison anticipates that the basic materials company will post earnings per share of $3.00 for the year.

Ashland Global Holdings (NYSE:ASH) traded up 0.11% during trading on Tuesday, reaching $63.38. 810,723 shares of the company’s stock were exchanged. The company’s market cap is $3.94 billion. Ashland Global Holdings has a 12-month low of $60.27 and a 12-month high of $128.19. The stock’s 50-day moving average is $120.48 and its 200-day moving average is $116.65. Ashland Global Holdings (NYSE:ASH) last released its quarterly earnings results on Tuesday, April 25th. The basic materials company reported $1.71 EPS for the quarter, topping the Zacks’ consensus estimate of $1.61 by $0.10. Ashland Global Holdings had a negative net margin of 2.39% and a positive return on equity of 14.29%. The business had revenue of $1.32 billion during the quarter, compared to analysts’ expectations of $1.28 billion. During the same quarter in the previous year, the company earned $1.83 EPS.

Several large investors have recently added to or reduced their stakes in ASH. Envestnet Asset Management Inc. bought a new stake in Ashland Global Holdings during the fourth quarter valued at about $113,000. Bollard Group LLC boosted its stake in Ashland Global Holdings by 0.3% in the first quarter. Bollard Group LLC now owns 930 shares of the basic materials company’s stock valued at $115,000 after buying an additional 3 shares during the last quarter. Advisor Group Inc. boosted its stake in Ashland Global Holdings by 6.4% in the third quarter. Advisor Group Inc. now owns 1,267 shares of the basic materials company’s stock valued at $122,000 after buying an additional 76 shares during the last quarter. Ladenburg Thalmann Financial Services Inc. boosted its stake in Ashland Global Holdings by 8.4% in the fourth quarter. Ladenburg Thalmann Financial Services Inc. now owns 1,273 shares of the basic materials company’s stock valued at $143,000 after buying an additional 99 shares during the last quarter. Finally, Creative Planning boosted its stake in Ashland Global Holdings by 0.3% in the first quarter. Creative Planning now owns 1,426 shares of the basic materials company’s stock valued at $177,000 after buying an additional 4 shares during the last quarter. Hedge funds and other institutional investors own 86.96% of the company’s stock. In other news, VP Anne T. Schumann sold 4,003 shares of Ashland Global Holdings stock in a transaction that occurred on Tuesday, April 11th. The shares were sold at an average price of $125.64, for a total transaction of $502,936.92. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider Luis M. Fernandez-Moreno sold 2,609 shares of Ashland Global Holdings stock in a transaction that occurred on Wednesday, February 22nd. The shares were sold at an average price of $123.85, for a total transaction of $323,124.65. The disclosure for this sale can be found here. Company insiders own 1.27% of the company’s stock.

About Ashland Global Holdings 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.

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