Ashland Global Holdings Inc. (NYSE:ASH) – Stock analysts at Jefferies Group reduced their FY2017 EPS estimates for shares of Ashland Global Holdings in a research report issued on Wednesday. Jefferies Group analyst L. Alexander now expects that the basic materials company will post earnings per share of $4.15 for the year, down from their previous estimate of $4.20. Jefferies Group has a “Buy” rating and a $74.00 price objective on the stock. Jefferies Group also issued estimates for Ashland Global Holdings’ Q4 2017 earnings at $0.45 EPS.

A number of other analysts have also recently commented on ASH. Zacks Investment Research cut shares of Ashland Global Holdings from a “buy” rating to a “hold” rating in a research note on Friday, May 5th. ValuEngine upgraded shares of Ashland Global Holdings from a “hold” rating to a “buy” rating in a research note on Tuesday, May 16th. Credit Suisse Group reiterated a “neutral” rating and issued a $65.00 target price (up from $59.69) on shares of Ashland Global Holdings in a research note on Wednesday, May 17th. TheStreet cut shares of Ashland Global Holdings from a “b” rating to a “c” rating in a research note on Monday, May 15th. Finally, J P Morgan Chase & Co lifted their target price on shares of Ashland Global Holdings from $61.00 to $118.00 and gave the stock a “neutral” rating in a research note on Wednesday, May 31st. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating and three have given a buy rating to the company. Ashland Global Holdings has an average rating of “Hold” and a consensus price target of $88.33.

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Ashland Global Holdings (NYSE:ASH) opened at 61.26 on Monday. The company’s market cap is $3.82 billion. Ashland Global Holdings has a 12 month low of $59.80 and a 12 month high of $128.19. The company has a 50-day moving average of $63.86 and a 200 day moving average of $62.59.

Ashland Global Holdings (NYSE:ASH) last announced its quarterly earnings results on Tuesday, August 1st. The basic materials company reported $0.83 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.70 by $0.13. Ashland Global Holdings had a negative net margin of 4.71% and a positive return on equity of 10.62%. The business had revenue of $870 million for the quarter, compared to analysts’ expectations of $842.78 million. During the same quarter last year, the firm earned $1.95 EPS. The firm’s revenue for the quarter was up 10.1% compared to the same quarter last year.

Hedge funds have recently made changes to their positions in the stock. Creative Planning boosted its stake in shares of Ashland Global Holdings 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 buying an additional 101 shares during the last quarter. Mn Services Vermogensbeheer B.V. boosted its stake in shares of Ashland Global Holdings by 4.1% in the first quarter. Mn Services Vermogensbeheer B.V. now owns 1,658 shares of the basic materials company’s stock valued at $192,000 after buying an additional 66 shares during the last quarter. Daiwa Securities Group Inc. boosted its stake in shares of Ashland Global Holdings by 13.3% in the first quarter. Daiwa Securities Group Inc. now owns 1,700 shares of the basic materials company’s stock valued at $210,000 after buying an additional 200 shares during the last quarter. Advisor Partners LLC boosted its stake in shares of Ashland Global Holdings by 1.1% in the first quarter. Advisor Partners LLC now owns 1,969 shares of the basic materials company’s stock valued at $244,000 after buying an additional 22 shares during the last quarter. Finally, Sciencast Management LP acquired a new stake in shares of Ashland Global Holdings during the second quarter valued at approximately $271,000. Institutional investors and hedge funds own 92.50% of the company’s stock.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 15th. Shareholders of record on Friday, September 1st will be paid a dividend of $0.225 per share. This represents a $0.90 annualized dividend and a yield of 1.47%. The ex-dividend date of this dividend is Wednesday, August 30th. Ashland Global Holdings’s payout ratio is -25.42%.

Ashland Global Holdings 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.

Earnings History and Estimates for Ashland Global Holdings (NYSE:ASH)

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