Analyst Ratings for Ashland Global Holdings Inc. (ASH)Updated: 2017-07-26
Shares of Ashland Global Holdings Inc. (NYSE:ASH) have received a consensus rating of Overweight from Wall Street analysts. ASH had previously received a consensus rating of Overweight a month ago.
Of the 12 analysts covering the stock, 8 gave it a buy rating, 0 issued an overweight rating, 4 issued a hold rating, 0 gave an underweight rating, and 0 gave a sell rating. Today, there are 0 more analysts optimistic about the company future as compared with 90 days ago. Over the same time period, there has been an decrease of 1 in the number of analysts with a negative outlook on the stock.
ASH was given price targets by several analysts. The most optimistic price target was 77, which equates to a potential upside of 15.72 percent. The minimum price target given was 61, implying a possible loss of -8.33 percent. Many analysts are not unbiased in their coverage of stocks, including price targets and stock ratings, so care must be taken in interpreting numbers released by them.
Over the past month, analysts have revised their estimates for this quarter's earnings, with a net average change of 0 percent. This can be compared with the average change in earnings estimates over the past 3 months, which is 3.03 percent. Over the past 30 days, FY earnings estimates have also changed upwards by 0 percent. If we look at the last 90 days instead, we find a net average change of 1.77 percent in FY estimates.
Investors like to see analysts making revisions in the same direction, as that raises confidence in the revisions. 0 analysts made positive revisions to their quarterly estimates over the past month, while 0 analysts made negative revisions. Also over the last month, 0 analysts increased their estimates for the FY earnings, compared to 0 analysts that revised their FY estimates downwards.
ASH has traded between a high of 67.90 and a low of 51.62 over the past year. Currently the stock is 28.9 percent higher than its low, and 2 percent below the high. ASH has a P/E ratio of 0. Investors typically compare the P/E ratio to a company's peers in the industry. The ASH value stock report compares ASH to some of its peers using value stock charts. The stock has a market capitalization of $4.17 billion. ASH will post this quarters earnings in days, on 0000-00-00.