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Wells Fargo Believes Ashland (ASH) Still Has Room to Grow

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Wells Fargo analyst Michael Sison maintained a Buy rating on Ashland (ASHResearch Report) on January 6 and set a price target of $120.00. The company’s shares closed last Wednesday at $105.59, close to its 52-week high of $110.74.

According to TipRanks.com, Sison is a 5-star analyst with an average return of 15.9% and a 71.4% success rate. Sison covers the Basic Materials sector, focusing on stocks such as Air Products and Chemicals, Sherwin-Williams Company, and Axalta Coating Systems.

The word on The Street in general, suggests a Strong Buy analyst consensus rating for Ashland with a $119.56 average price target.

See today’s best-performing stocks on TipRanks >>

The company has a one-year high of $110.74 and a one-year low of $75.93. Currently, Ashland has an average volume of 401.8K.

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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