Media stories about Ashland Global (NYSE:ASH) have trended somewhat positive on Saturday, Accern Sentiment Analysis reports. The research firm identifies positive and negative press coverage by analyzing more than 20 million news and blog sources in real time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Ashland Global earned a news sentiment score of 0.08 on Accern’s scale. Accern also assigned media coverage about the basic materials company an impact score of 45.1632304118891 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the near future.
Here are some of the media headlines that may have effected Accern Sentiment Analysis’s rankings:
- Ashland to report financial results for first quarter of fiscal 2018 after NYSE closes January 29 a (nasdaq.com)
- Stock Traders Purchase Large Volume of Ashland Global Call Options (ASH) (americanbankingnews.com)
- Ashland to report financial results for first quarter of fiscal 2018 after NYSE closes January 29 and host webcast with investors at 9 a.m. EST January 30 (finance.yahoo.com)
- Ashland Global Holdings Inc. (ASH) Given Consensus Rating of “Hold” by Brokerages (americanbankingnews.com)
- Ashland Makes Waves Again and Introduces Easy Application Maxguard™ EZM Marine White Gelcoat with Excellent Weathering Performance (prweb.com)
ASH has been the subject of a number of research reports. Zacks Investment Research raised shares of Ashland Global from a “hold” rating to a “buy” rating and set a $75.00 price objective for the company in a report on Tuesday, October 24th. Deutsche Bank lifted their price objective on shares of Ashland Global from $74.00 to $78.00 and gave the stock a “buy” rating in a report on Wednesday, November 8th. SunTrust Banks lifted their price objective on shares of Ashland Global to $83.00 and gave the stock a “buy” rating in a report on Friday, December 1st. Credit Suisse Group lifted their price objective on shares of Ashland Global from $65.00 to $69.00 and gave the stock a “neutral” rating in a report on Wednesday, November 8th. Finally, UBS Group lifted their price objective on shares of Ashland Global from $74.00 to $78.00 and gave the stock a “buy” rating in a report on Tuesday, November 7th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and four have issued a buy rating to the company’s stock. Ashland Global has a consensus rating of “Hold” and a consensus price target of $82.57.
Ashland Global (NYSE:ASH) last released its quarterly earnings data on Monday, November 6th. The basic materials company reported $0.78 EPS for the quarter, topping analysts’ consensus estimates of $0.69 by $0.09. The business had revenue of $880.00 million during the quarter, compared to analyst estimates of $869.62 million. The business’s revenue for the quarter was up 16.7% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.52 EPS. equities analysts forecast that Ashland Global will post 3.42 EPS for the current year.
The company also recently declared a quarterly dividend, which was paid on Friday, December 15th. Stockholders of record on Friday, December 1st were issued a dividend of $0.225 per share. This represents a $0.90 annualized dividend and a dividend yield of 1.21%. The ex-dividend date of this dividend was Thursday, November 30th. Ashland Global’s dividend payout ratio (DPR) is -53.25%.
In other news, insider Peter Ganz sold 3,379 shares of the business’s stock in a transaction on Monday, November 20th. The shares were sold at an average price of $70.63, for a total transaction of $238,658.77. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO J Kevin Willis sold 1,352 shares of the business’s stock in a transaction on Wednesday, November 15th. The shares were sold at an average price of $66.23, for a total transaction of $89,542.96. The disclosure for this sale can be found here. In the last three months, insiders have sold 16,342 shares of company stock valued at $1,148,839. Corporate insiders own 1.14% of the company’s stock.
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Ashland Global Company Profile
Ashland Inc is engaged in specialty chemicals, and through Valvoline, is a consumer-branded lubricant supplier. The Company operates in three segments: Ashland Specialty Ingredients (Specialty Ingredients), Ashland Performance Materials (Performance Materials) and Valvoline. Its Specialty Ingredients segment is engaged in providing cellulose ethers, vinyl pyrrolidones and biofunctionals, and consists of two divisions: Consumer Specialties and Industrial Specialties.
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