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 analyst gave a price target of 77, implying a possible profit of 15.72 percent. The most pessimistic price target was 61, implying a possible loss of -8.33 percent. It is advisable to not rely only on price targets or ratings, as these can be biased for some stocks.
Over the past month, analysts have revised their estimates for this quarter's earnings, with a net average change of 0 percent. That number becomes 3.03 percent if we expand the time horizon to include the past 3 months instead of just one. 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.
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, which can be compared to the 0 analysts that decreased their estimates. Over the same time period, 0 analysts revised their FY earnings estimates upwards, 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. The current market price is above the trailing year's low by 28.9 percent, and 2 percent lower than its 52-week high. 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 will post this quarters earnings in days, on 0000-00-00.