An issue of Ashland Global Holdings Inc. (NYSE:ASH) bonds fell 1% against their face value during trading on Tuesday. The debt issue has a 6.875% coupon and will mature on May 15, 2043. The bonds in the issue are now trading at $111.00 and were trading at $112.25 last week. Price moves in a company’s bonds in credit markets sometimes predict parallel moves in its stock price.

A number of research firms have commented on ASH. SunTrust Banks boosted their target price on Ashland Global to $83.00 and gave the stock a “buy” rating in a research report on Friday, December 1st. UBS boosted their target price on Ashland Global from $74.00 to $78.00 and gave the stock a “buy” rating in a research report on Tuesday, November 7th. Zacks Investment Research upgraded Ashland Global from a “hold” rating to a “buy” rating and set a $75.00 target price on the stock in a research report on Tuesday, October 24th. Credit Suisse Group boosted their target price on Ashland Global from $65.00 to $69.00 and gave the stock a “neutral” rating in a research report on Wednesday, November 8th. Finally, Deutsche Bank boosted their target price on Ashland Global from $74.00 to $78.00 and gave the stock a “buy” rating in a research report on Wednesday, November 8th. One analyst has rated the stock with a sell rating, four have given a hold rating and four have given a buy rating to the company’s stock. Ashland Global currently has an average rating of “Hold” and an average price target of $82.57.

Shares of Ashland Global Holdings Inc. (NYSE ASH) traded up $0.31 during trading hours on Tuesday, hitting $71.03. The stock had a trading volume of 385,412 shares, compared to its average volume of 897,477. The company has a debt-to-equity ratio of 0.76, a current ratio of 1.97 and a quick ratio of 1.31. Ashland Global Holdings Inc. has a twelve month low of $53.79 and a twelve month high of $74.75. The stock has a market capitalization of $4,364.45, a P/E ratio of 15.66, a P/E/G ratio of 2.05 and a beta of 1.10.

Ashland Global (NYSE:ASH) last issued its quarterly earnings data on Monday, November 6th. The basic materials company reported $0.78 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.69 by $0.09. The company had revenue of $880.00 million during the quarter, compared to analysts’ expectations of $869.62 million. During the same quarter in the prior year, the company earned $1.52 earnings per share. The firm’s revenue was up 16.7% compared to the same quarter last year. sell-side analysts forecast that Ashland Global Holdings Inc. will post 3.42 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 15th. Stockholders of record on Friday, December 1st will be given a $0.225 dividend. The ex-dividend date of this dividend is Thursday, November 30th. This represents a $0.90 annualized dividend and a dividend yield of 1.27%. Ashland Global’s dividend payout ratio is currently -9,000,000.00%.

In other news, insider Peter Ganz sold 3,379 shares of the company’s stock in a transaction on Monday, November 20th. The stock was sold at an average price of $70.63, for a total value of $238,658.77. The sale was disclosed in a filing with the SEC, which is available through this link. Also, CFO J Kevin Willis sold 916 shares of the company’s stock in a transaction on Friday, November 17th. The shares were sold at an average price of $70.61, for a total value of $64,678.76. The disclosure for this sale can be found here. Insiders sold 16,342 shares of company stock worth $1,148,839 over the last 90 days. Company insiders own 1.14% of the company’s stock.

Institutional investors have recently added to or reduced their stakes in the stock. Creative Planning increased its stake in Ashland Global by 7.1% in the second quarter. Creative Planning now owns 1,527 shares of the basic materials company’s stock valued at $101,000 after purchasing an additional 101 shares during the last quarter. Chicago Partners Investment Group LLC increased its stake in Ashland Global by 600.3% in the third quarter. Chicago Partners Investment Group LLC now owns 2,332 shares of the basic materials company’s stock valued at $152,000 after purchasing an additional 1,999 shares during the last quarter. Commonwealth Equity Services Inc acquired a new position in Ashland Global in the third quarter valued at $234,000. Sciencast Management LP acquired a new position in Ashland Global in the second quarter valued at $271,000. Finally, Trexquant Investment LP acquired a new position in Ashland Global in the second quarter valued at $290,000. Hedge funds and other institutional investors own 91.82% 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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