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Ashland (ASH)
NYSE:ASH
Ashland (ASH) Stock Price & Analysis
242 Followers
ASH Stock Chart & Stats
Day’s Range$0 - $0
52-Week Range$70.18 - $103.06
Previous Close$93.89
Volume499.33K
Average Volume (3M)421.52K
Market Cap
$4.70B
Enterprise Value$5.74B
Total Cash (Recent Filing)$417.00M
Total Debt (Recent Filing)$1.46B
Price to Earnings (P/E)30.4
Beta0.85
Next Earnings
Apr 30, 2024EPS Estimate
$1.17Last Dividend Ex-Date
Feb 29, 2024Dividend Yield1.64%
Share Statistics
EPS (TTM)3.09
Shares Outstanding50,094,986
10 Day Avg. Volume300,799
30 Day Avg. Volume421,521
Standard Deviation0.08
R-Squared0.40
Alpha-0.00285
Financial Highlights & Ratios
Price to Book (P/B)6.02
Price to Sales (P/S)2.15
Price to Cash Flow (P/CF)5.90
P/FCF Ratio6.20
Enterprise Value/Market CapN/A
Enterprise Value/Revenue2.62
Enterprise Value/Gross Profit8.60
Enterprise Value/Ebitda15.16
Forecast
1Y Price Target
$106.70Price Target Upside11.74% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering10
Ashland News
Bulls Say, Bears Say
Bulls Say
Financial PerformanceAnalyst raises FY25 EBITDA estimate by $50MM to $575MM, reflecting a significant year-over-year margin improvement and a 20% increase in earnings compared to FY24 estimates.
Mergers And AcquisitionsRecent M&A activity in the sector suggests potential for further multiple improvement.
Sustainability InitiativesAshland's ISP Chemicals plans to replace its gas boilers with electric heat and a thermal battery, reducing GHG emissions by nearly 70%.
Bears Say
EarningsFY1Q24 adjusted EPS (ex amort. of $0.33) of $0.45 (-53.6% Y/Y)
Financial PerformanceOverall adj. EBITDA declined 35% Y/Y on 10% lower sales as ASH continued to reduce inventories to meet market conditions.
ValuationASH is not expected to trade in line with Flavor and Fragrance peers, indicating a 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 $70.18 and its highest was $103.06 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 Apr 30, 2024 which is in 11 days.
How were Ashland’s earnings last quarter?
Ashland released its earnings results on Jan 30, 2024. The company reported $0.45 earnings per share for the quarter, beating the consensus estimate of $0.196 by $0.254.
Is Ashland overvalued?
According to Wall Street analysts Ashland’s price is currently Undervalued.
Does Ashland pay dividends?
Ashland pays a Quarterly dividend of $0.38 which represents an annual dividend yield of 1.64%. See more information on Ashland dividends here
What is Ashland’s EPS estimate?
Ashland’s EPS estimate is $1.17.
How many shares outstanding does Ashland have?
Ashland has 50,094,986 shares outstanding.
What happened to Ashland’s price movement after its last earnings report?
Ashland reported an EPS of $0.45 in its last earnings report, beating expectations of $0.196. Following the earnings report the stock price went up 15.912%.
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 296M.
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Ashland Stock Smart Score
Neutral
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Analyst Consensus
Moderate Buy
Average Price Target:
$106.70 (11.74% Upside)
$106.70 (11.74% Upside)
Blogger Sentiment
Neutral
ASH Sentiment 50%
Sector Average 73%
Sector Average 73%
Hedge Fund Trend
Decreased
By 133.9K 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
-8.03%
12-Months-Change
Fundamentals
Return on Equity
4.83%
Trailing 12-Months
Asset Growth
-6.28%
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
Q1 2024
0:00 / 0:00
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ASH Stock 12 Months Forecast
Average Price Target
$106.70
▲(11.74% Upside)
Technical Analysis
Best Analysts Covering ASH
1 Year
1 Year Success Rate
21/28 ratings generated profit
1 Year Average Return
+6.08%
reiterated a buy rating 3 months ago
Copying David Begleiter's trades and holding each position for 1 Year would result in 75.00% of your transactions generating a profit, with an average return of +6.08% per trade.
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