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Ashland (ASH) Stock Price, News & Analysis

Ashland logo
$76.23 -0.16 (-0.21%)
(As of 11/20/2024 ET)

About Ashland Stock (NYSE:ASH)

Key Stats

Today's Range
$75.04
$76.25
50-Day Range
$76.23
$88.00
52-Week Range
$75.04
$102.50
Volume
350,357 shs
Average Volume
461,900 shs
Market Capitalization
$3.59 billion
P/E Ratio
22.76
Dividend Yield
2.13%
Price Target
$103.29
Consensus Rating
Moderate Buy

Company Overview

Ashland Inc. provides additives and specialty ingredients in the North and Latin America, Europe, Asia Pacific, and internationally. It operates through Life Sciences, Personal Care, Specialty Additives, and Intermediates segments. The Life Sciences segment offers pharmaceutical solutions, including controlled release polymers, disintegrants, tablet coatings, thickeners, solubilizers, and tablet binders; nutrition solutions, such as thickeners, stabilizers, emulsifiers, and additives; and nutraceutical solutions comprising products for weight management, joint comfort, stomach and intestinal health, sports nutrition, and general wellness, as well as custom formulation, toll processing, and particle engineering solutions. Its Personal Care segment provides a range of nature-based, biodegradable, and performance ingredients; solutions for toothpastes, mouth washes and rinses, denture cleaning, and care for teeth; and household supplies nature-derived rheology ingredients, biodegradable surface wetting agents, performance encapsulates, and specialty polymers. The Specialty Additives segment offers rheology modifiers, foam control agents, surfactants and wetting agents, pH neutralizers, advanced ceramics used in catalytic converters, environmental filters, ingredients for the manufacturing of ceramic capacitors, plasma display panels and solar cells, ingredients for textile printing, thermoplastic metals, and alloys for welding. Its Intermediates segment produces 1,4 butanediol and related derivatives, including n-methylpyrrolidone. It offers its products to customers in a range of consumer and industrial markets, such as architectural coatings, construction, energy, food and beverage, nutraceuticals, personal care, and pharmaceutical. The company was formerly known as Ashland Global Holdings Inc. and changed its name to Ashland Inc. in August 2022. Ashland Inc. was founded in 1924 and is headquartered in Wilmington, Delaware.

Ashland Stock Analysis - MarketRank™

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99th Percentile Overall Score

ASH MarketRank™: 

Ashland scored higher than 99% of companies evaluated by MarketBeat, and ranked 8th out of 193 stocks in the basic materials sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

  • Consensus Rating

    Ashland has received a consensus rating of Moderate Buy. The company's average rating score is 2.71, and is based on 5 buy ratings, 2 hold ratings, and no sell ratings.

  • Amount of Analyst Coverage

    Ashland has only been the subject of 1 research reports in the past 90 days.

  • Read more about Ashland's stock forecast and price target.
  • Earnings Growth

    Earnings for Ashland are expected to grow by 19.09% in the coming year, from $4.82 to $5.74 per share.

  • Price to Earnings Ratio vs. the Market

    The P/E ratio of Ashland is 22.76, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 127.65.

  • Price to Earnings Ratio vs. Sector

    The P/E ratio of Ashland is 22.76, which means that it is trading at a less expensive P/E ratio than the Basic Materials sector average P/E ratio of about 111.95.

  • Price to Earnings Growth Ratio

    Ashland has a PEG Ratio of 1.11. PEG Ratios above 1 indicate that a company could be overvalued.

  • Price to Book Value per Share Ratio

    Ashland has a P/B Ratio of 1.30. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

  • Read more about Ashland's valuation and earnings.
  • Percentage of Shares Shorted

    2.11% of the float of Ashland has been sold short.
  • Short Interest Ratio / Days to Cover

    Ashland has a short interest ratio ("days to cover") of 2.3, which is generally considered an acceptable ratio of short interest to trading volume.
  • Change versus previous month

    Short interest in Ashland has recently decreased by 9.73%, indicating that investor sentiment is improving significantly.
  • Dividend Yield

    Ashland pays a meaningful dividend of 2.11%, higher than the bottom 25% of all stocks that pay dividends.

  • Dividend Growth

    Ashland has been increasing its dividend for 15 years.

  • Dividend Coverage

    The dividend payout ratio of Ashland is 48.36%. This payout ratio is at a healthy, sustainable level, below 75%.

  • Dividend Sustainability

    Based on earnings estimates, Ashland will have a dividend payout ratio of 28.22% next year. This indicates that Ashland will be able to sustain or increase its dividend.

  • Read more about Ashland's dividend.
  • Percentage of Shares Shorted

    2.11% of the float of Ashland has been sold short.
  • Short Interest Ratio / Days to Cover

    Ashland has a short interest ratio ("days to cover") of 2.3, which is generally considered an acceptable ratio of short interest to trading volume.
  • Change versus previous month

    Short interest in Ashland has recently decreased by 9.73%, indicating that investor sentiment is improving significantly.
  • News Sentiment

    Ashland has a news sentiment score of 0.24. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a lower news sentiment than the 0.52 average news sentiment score of Basic Materials companies.
  • News Coverage This Week

    MarketBeat has tracked 27 news articles for Ashland this week, compared to 18 articles on an average week.
  • Search Interest

    2 people have searched for ASH on MarketBeat in the last 30 days. This is an increase of 100% compared to the previous 30 days.
  • MarketBeat Follows

    Only 1 people have added Ashland to their MarketBeat watchlist in the last 30 days. This is a decrease of 0% compared to the previous 30 days.
  • Insider Buying vs. Insider Selling

    In the past three months, Ashland insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $67,617.00 in company stock.

  • Percentage Held by Insiders

    Only 0.69% of the stock of Ashland is held by insiders.

  • Percentage Held by Institutions

    93.95% of the stock of Ashland is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

  • Read more about Ashland's insider trading history.
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ASH Stock News Headlines

Ashland Inc. (NYSE:ASH) SVP Sells $67,617.20 in Stock
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ASH Stock Analysis - Frequently Asked Questions

Ashland's stock was trading at $84.31 at the beginning of 2024. Since then, ASH stock has decreased by 9.6% and is now trading at $76.23.
View the best growth stocks for 2024 here
.

Ashland Inc. (NYSE:ASH) posted its quarterly earnings results on Wednesday, November, 6th. The basic materials company reported $1.26 EPS for the quarter, missing the consensus estimate of $1.28 by $0.02. The firm's quarterly revenue was up .8% compared to the same quarter last year.

Ashland's Board of Directors approved a stock buyback plan on Wednesday, June 28th 2023, which allows the company to buy back $1,000,000,000 in shares, according to EventVestor. This means that the company could repurchase up to 21.2% of its shares through open market purchases. Shares repurchase plans are often a sign that the company's management believes its stock is undervalued.

The following companies are subsidiaries of Ashland: Schülke & Mayr - Personal Care Business, Vornia, Pharmachem Laboratories, Oil Can Henry’s, International Specialty Products, Hercules, Northwest Coatings, and others.

Ashland's top institutional investors include Massachusetts Financial Services Co. MA (5.32%), Diamond Hill Capital Management Inc. (3.94%), Allspring Global Investments Holdings LLC (3.47%) and State Street Corp (3.10%). Insiders that own company stock include Eric N Boni, J Kevin Willis and Robin E Lampkin.
View institutional ownership trends
.

Shares of ASH stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

Based on aggregate information from My MarketBeat watchlists, some other companies that Ashland investors own include Netflix (NFLX), Advanced Micro Devices (AMD), JPMorgan Chase & Co. (JPM), Meta Platforms (META), Chevron (CVX), Intel (INTC) and NVIDIA (NVDA).

Company Calendar

Ex-Dividend for 9/15 Dividend
8/30/2024
Dividend Payable
9/15/2024
Last Earnings
11/06/2024
Today
11/21/2024
Ex-Dividend for 12/15 Dividend
11/29/2024
Dividend Payable
12/15/2024
Next Earnings (Estimated)
2/04/2025
Fiscal Year End
9/30/2025

Industry, Sector and Symbol

Industry
Chemicals & allied products
Sub-Industry
Specialty Chemicals
CUSIP
04420910
Employees
3,800
Year Founded
1924

Price Target and Rating

Average Stock Price Target
$103.29
High Stock Price Target
$126.00
Low Stock Price Target
$83.00
Potential Upside/Downside
+35.5%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.71
Research Coverage
7 Analysts

Profitability

Net Income
$169 million
Pretax Margin
-1.14%

Debt

Sales & Book Value

Annual Sales
$2.11 billion
Cash Flow
$10.30 per share
Book Value
$60.88 per share

Miscellaneous

Free Float
48,495,000
Market Cap
$3.59 billion
Optionable
Optionable
Beta
0.88

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This page (NYSE:ASH) was last updated on 11/21/2024 by MarketBeat.com Staff
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