In a report released yesterday, Stephen Richardson from Evercore ISI maintained a Buy rating on Ashland (ASH – Research Report), with a price target of $125.00. The company’s shares closed last Wednesday at $99.94.
According to TipRanks.com, Richardson is a 3-star analyst with an average return of 2.8% and a 50.7% success rate. Richardson covers the Utilities sector, focusing on stocks such as Occidental Petroleum, Royal Dutch Shell A, and Magnolia Oil & Gas.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Ashland with a $121.60 average price target, implying a 19.3% upside from current levels. In a report issued on January 6, Wells Fargo also maintained a Buy rating on the stock with a $120.00 price target.
The company has a one-year high of $110.74 and a one-year low of $79.16. Currently, Ashland has an average volume of 388.3K.
Based on the recent corporate insider activity of 25 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of ASH in relation to earlier this year.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
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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