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.
Many analysts weighed in on price targets for ASH. The most optimistic price target was 77, implying a possible profit of 15.72 percent. The lowest price target was 61, implying potential capital losses of -8.33 percent. One must be careful with overanalyzing price targets and ratings due to possible conflicts of interest among the analysts releasing them.
Over the past month, analysts have revised their estimates for this quarter's earnings, with a net average change of 0 percent. The average change in earnings estimates over the last 90 days is 3.03 percent. Meanwhile, fiscal year estimates have been revised upwards by 0 percent, compared to last month. Expanding the time horizon to 3 months, the average change in fiscal year estimates becomes 1.77 percent.
Another thing investors often look at is the level of agreement among analysts' revisions. Over the past month, 0 analysts increased their quarterly estimates, while 0 analysts made negative revisions. During this time, 0 analysts made positive revisions in their estimates for this fiscal year's earnings, compared to 0 analysts that revised their FY estimates downwards.
In the trailing 52-weeks, ASH hit 67.90 at the highest peak, while it's lowest trading point was 51.62. The current market price is above the trailing year's low by 28.9 percent, and below the high by 2 percent. ASH has a price/earnings 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 is estimated to release their earnings results for the quarter on 0000-00-00, days from today.