Is Ashland Global Holdings Inc. (ASH)’s Fuel Running Low? The Stock Reaches All Time High Today

July 16, 2018 - By Mark Babin

Ashland Global Holdings Inc. (NYSE:ASH) Logo

Investors sentiment is 0 in Q1 2018. Its the same as in 2017Q4. It is the same, as 0 investors sold Ashland Global Holdings Inc. shares while 1 reduced holdings. only 0 funds opened positions while 0 raised stakes. 42,789 shares or 0.41% less from 42,964 shares in 2017Q4 were reported.
Moreover, Gemmer Asset Management Ltd Liability Corporation has 0% invested in Ashland Global Holdings Inc. (NYSE:ASH) for 133 shares. Novare Capital Mgmt Ltd Liability holds 14,350 shares or 0.18% of its portfolio. Bruce Communications Inc holds 0.36% of its portfolio in Ashland Global Holdings Inc. (NYSE:ASH) for 25,000 shares. 3,200 were accumulated by Fruth Inv Mgmt. Alphamark Ltd Liability has invested 0% in Ashland Global Holdings Inc. (NYSE:ASH).

The stock of Ashland Global Holdings Inc. (NYSE:ASH) reached all time high today, Jul, 16 and still has $84.60 target or 6.00 % above today’s $79.81 share price. This indicates more upside for the $4.98B company. This technical setup was reported by Barchart.com. If the $84.60 PT is reached, the company will be worth $298.80 million more.
Trading stocks at an all time highs is usually a winning strategy. An all time high points to a stock which has the most positive fundamentals ever. Even thought the pullback rate is high, if correct risk management is utilized, investors can trade very well such events.

The stock decreased 1.69% or $1.37 during the last trading session, reaching $79.81. About 268,660 shares traded. Ashland Global Holdings Inc. (NYSE:ASH) has risen 18.52% since July 16, 2017 and is uptrending. It has outperformed by 5.95% the S&P500.

Analysts await Ashland Global Holdings Inc. (NYSE:ASH) to report earnings on August, 7. They expect $1.03 EPS, up 24.10 % or $0.20 from last year’s $0.83 per share. ASH’s profit will be $64.27M for 19.37 P/E if the $1.03 EPS becomes a reality. After $1.06 actual EPS reported by Ashland Global Holdings Inc. for the previous quarter, Wall Street now forecasts -2.83 % negative EPS growth.

Ashland Global Holdings Inc. (NYSE:ASH) Ratings Coverage

Among 8 analysts covering Ashland Inc (NYSE:ASH), 6 have Buy rating, 0 Sell and 2 Hold. Therefore 75% are positive. Ashland Inc had 9 analyst reports since January 30, 2018 according to SRatingsIntel. The stock of Ashland Global Holdings Inc. (NYSE:ASH) earned “Buy” rating by Longbow on Monday, March 26. The rating was downgraded by Monness Crespi & Hardt on Wednesday, January 31 to “Neutral”. The stock has “Overweight” rating by KeyBanc Capital Markets on Thursday, May 3. The firm has “Outperform” rating by Credit Suisse given on Friday, March 23. The stock has “Neutral” rating by Credit Suisse on Wednesday, January 31. Seaport Global maintained Ashland Global Holdings Inc. (NYSE:ASH) rating on Wednesday, January 31. Seaport Global has “Buy” rating and $81.0 target. The rating was maintained by Jefferies with “Buy” on Tuesday, January 30. As per Friday, June 15, the company rating was maintained by JP Morgan. The stock of Ashland Global Holdings Inc. (NYSE:ASH) earned “Buy” rating by BMO Capital Markets on Tuesday, March 27.

Another recent and important Ashland Global Holdings Inc. (NYSE:ASH) news was published by Nasdaq.com which published an article titled: “Report: Developing Opportunities within HealthEquity, Sonic, FLIR, Nustar GP, Ashland Global, and Buckeye Partners …” on June 19, 2018.

Ashland Global Holdings Inc. provides specialty chemical solutions worldwide. The company has market cap of $4.98 billion. The Company’s Specialty Ingredients segment provides products, technologies, and resources for solving formulation and product-performance challenges. It currently has negative earnings. It offers solutions using natural, synthetic, and semisynthetic polymers derived from plant and seed extract, cellulose ethers, vinyl pyrrolidones, and acrylic polymers, as well as polyester and polyurethane adhesives.

Ashland Global Holdings Inc. (NYSE:ASH) Ratings Chart

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