ASH - Ashland Global Holdings Inc.
78.40 0.00 (0.00%)
After hours: 4:17PM EST
| Previous Close | 77.90 |
| Open | 77.68 |
| Bid | 78.37 x 1300 |
| Ask | 78.38 x 800 |
| Day's Range | 77.59 - 78.45 |
| 52 Week Range | 64.94 - 83.40 |
| Volume | 391,087 |
| Avg. Volume | 437,958 |
| Market Cap | 4.708B |
| Beta (3Y Monthly) | 1.23 |
| PE Ratio (TTM) | 47.49 |
| EPS (TTM) | N/A |
| Earnings Date | N/A |
| Forward Dividend & Yield | 1.10 (1.41%) |
| Ex-Dividend Date | 2019-08-29 |
| 1y Target Est | N/A |
- Simply Wall St.
Ashland Global Holdings Inc. (NYSE:ASH) Might Not Be A Great Investment
Today we'll look at Ashland Global Holdings Inc. (NYSE:ASH) and reflect on its potential as an investment. In...
- Zacks
Ashland (ASH) Reports Next Week: Wall Street Expects Earnings Growth
Ashland (ASH) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
- TipRanks
Wells Fargo: 3 Top Chemical Stocks to Buy Now
Which stocks are primed for positive reactions? While less trendy than biotechs, Wall Street pros point to chemical stocks as capable of rewarding investors handsomely in the years to come. Not only has this sector generated double-digit returns in the last five years, but names in this space also typically perform well in an economic downturn.“Even during the financial crisis, the chemicals industry outperformed other industries. And the difference in value creation is substantial: where a $100 investment in telecoms in 2000 would have returned a meager $164 by 2018, the same investment in chemicals would have returned over $500,” wrote Arthur D Little consultants Michael Kolk, Koji Uchida and Marc de Pater.With the consultants noting that the demand for chemical-based solutions is likely to persist, we turned to one of the Street’s best-performing analysts, Wells Fargo’s Michael Sison, to find compelling investments in the sector.Using TipRanks, we were able to take an in-depth look at his top picks in the chemical industry. On top of getting a vote of confidence from Sison, each of the names has amassed enough support from other Wall Street analysts in the last three months to warrant a “Strong Buy” consensus rating.Ingevity Corporation (NGVT)Performance materials and chemicals company Ingevity provides specialty chemicals and high performance carbon materials. While investors have expressed concerns related to the demand for pine chemicals, Sison remains optimistic about NGVT.The five-star analyst tells investors that NGVT is a stand-out as it’s the only major global player that can meet the new Vapor Emission regulatory road map. This is necessary to be compliant with stricter standards in the U.S., China and Canada.“We believe NGVT is the only player serving the U.S. and Canada changes and market share in China could double in the term. Performance materials has grown well above 20% annually for the last three years including 2019 and we expect double digit growth through 2021,” Sison commented.It also doesn’t hurt that regulatory requirements in China as well as sales of its honeycomb scrubber products drove a third quarter earnings beat. In addition, given the company’s recent purchase of Perstorp Holding AB’s Capa segment and its pine chemicals stabilization, Sison is convinced that NGVT will be a long-term winner. As a result, the analyst reiterated his Buy rating and $100 price target, which implies about 15% upside from current levels.Similarly, the rest of the Street takes a bullish approach when it comes to NGVT. 4 Buy ratings and 1 Hold received in the last three months add up to a ‘Strong Buy’ analyst consensus. Not to mention its $108 average price target implies 23% upside potential. (See Ingevity stock analysis on TipRanks)Ashland Global Holdings (ASH)On the heels of recent divestitures, Sison argues that now is the ideal time to buy chemical company Ashland.Over the last decade, ASH has placed a significant focus on tailoring its product portfolio to become a pure play specialty chemical and ingredient company. Sison believes this shift away from non-chemical and more commoditized assets, which included divesting from Composites and its Marl BDO facility, was strategic as it could drive substantial gains.“With recent divestitures, ASH is now a pure-play specialty chemical company with EBITDA margins firmly in the low 20s, with a pathway to move to the mid-20s. We see growth for the next couple years anchored by cost savings initiatives, improved organic growth and bolt-on acquisitions,” the analyst explained.Sison also highlights ASH for its long-term goal of improving EBITDA margins. He adds that this improvement could be fueled by “a combination of more productivity/cost savings initiatives and more capital deployed to its consumer and personal care franchises to drive more consistent organic sales growth."All of the above factors prompted the analyst to initiate his ASH coverage with a bullish call. On top of this, Sison’s $90 price target indicates that he sees shares rising 15% over the next twelve months.As only Buy recommendations have been issued in the last three months, the message is clear: ASH is a ‘Strong Buy’. The average price target of $90 has the upside potential falling right in line with Sison’s projection. (See Ashland stock analysis on TipRanks)Linde (LIN)Sison maintains that Linde is a solid bet in the space thanks to the fact that its strong long-term growth narrative is supported by integration synergies, positive pricing and several new projects.Back in October 2018, the company merged with Praxair to become the largest industrial gas company in the world. With the expected cost and capex synergies resulting from the merger landing at $1.1 billion, it’s no wonder Sison is excited about this name. Not to mention he adds that the upside potential from cross selling offerings as well as improved focus on applications and technology could bring EBITDA margins back to the low 30s. If that wasn’t enough, the analyst sees EPS growth being driven by the $4.7 billion worth of backlogged projects it had as of Q2 2019.Sison reminds investors that the industry as a whole remains attractive with “four global players where pricing power is accelerating, margins are high, customer contracts are long term in nature with some having take or pay provisions and all focused on improving returns on capital”.Based on all of these positives, the five-star analyst gave LIN his stamp of approval by starting coverage with a Buy rating. According to his $223 price target, the upside potential comes in at about 12%.Other Wall Street analysts appear to mirror the analyst’s sentiment. As a result of the 3 Buy ratings and 1 Hold it racked up over the last three months, LIN is a ‘Strong Buy’. (See Linde stock analysis on TipRanks)
- Zacks
Ashland (ASH) Earnings Expected to Grow: What to Know Ahead of Q4 Release
Ashland (ASH) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
- Simply Wall St.
Ashland Global Holdings (NYSE:ASH) Shareholders Received A Total Return Of 45% In The Last Three Years
For many investors, the main point of stock picking is to generate higher returns than the overall market. But if you...
- Insider Monkey
Is Ashland Global Holdings Inc. (ASH) A Good Stock To Buy ?
Hedge funds and other investment firms run by legendary investors like Israel Englander, Jeffrey Talpins and Ray Dalio are entrusted to manage billions of dollars of accredited investors' money because they are without peer in the resources they use to identify the best investments for their chosen investment horizon. Moreover, they are more willing to […]
- American City Business Journals
Greater Cincinnati public company CEO sets exit
The CEO of one of Greater Cincinnati’s largest public companies will leave his post before the end of the year.
- Simply Wall St.
Does Ashland Global Holdings Inc.'s (NYSE:ASH) CEO Salary Compare Well With Others?
Bill Wulfsohn has been the CEO of Ashland Global Holdings Inc. (NYSE:ASH) since 2015. This report will, first, examine...
- Simply Wall St.
We Wouldn't Be Too Quick To Buy Ashland Global Holdings Inc. (NYSE:ASH) Before It Goes Ex-Dividend
Readers hoping to buy Ashland Global Holdings Inc. (NYSE:ASH) for its dividend will need to make their move shortly...
- Simply Wall St.
Should You Be Worried About Ashland Global Holdings Inc.'s (NYSE:ASH) 2.5% Return On Equity?
Many investors are still learning about the various metrics that can be useful when analysing a stock. This article is...
- Insider Monkey
Luminus Management’s Top Stock Picks
Luminus Management was founded in 2002 by Paul Segal, who was the fund’s Management’s President and Portfolio Manager until 2011, when Jonathan Dan Barrett took over the positions. Jonathan Barrett graduated in Accounting from University of Witwatersrand. He started off working in real estate investment, and later he held a position of Director of Merger […]
- GuruFocus.com
Diamond Hill Capital's Top 4 Buys in 2nd Quarter
Fund’s top buy is in travel reservation giant Booking Holdings, fund also exits Buffett’s Apple Continue reading...
- Simply Wall St.
These 4 Measures Indicate That Ashland Global Holdings (NYSE:ASH) Is Using Debt Extensively
Some say volatility, rather than debt, is the best way to think about risk as an investor, but Warren Buffett famously...
- Thomson Reuters StreetEvents
Edited Transcript of ASH.N earnings conference call or presentation 31-Jul-19 2:00pm GMT
Q3 2019 Ashland Global Holdings Inc Earnings Call
Motley FoolAshland Global Holdings Inc. (ASH) Q3 2019 Earnings Call Transcript
ASH earnings call for the period ending July 30, 2019.
- Zacks
Ashland (ASH) Q3 Earnings Meet Estimates
Ashland (ASH) delivered earnings and revenue surprises of 0.00% and 0.19%, respectively, for the quarter ended June 2019. Do the numbers hold clues to what lies ahead for the stock?
- Zacks
New Strong Sell Stocks for July 24th
Here are 5 stocks added to the Zacks Rank 5 (Strong Sell) List today
- Zacks
Analysts Estimate Ashland (ASH) to Report a Decline in Earnings: What to Look Out for
Ashland (ASH) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
- Simply Wall St.
Does Ashland Global Holdings Inc. (NYSE:ASH) Have A High Beta?
Anyone researching Ashland Global Holdings Inc. (NYSE:ASH) might want to consider the historical volatility of the...
- Simply Wall St.
Is It Too Late To Consider Buying Ashland Global Holdings Inc. (NYSE:ASH)?
Ashland Global Holdings Inc. (NYSE:ASH), which is in the chemicals business, and is based in United States, received a...
- Simply Wall St.
An Intrinsic Calculation For Ashland Global Holdings Inc. (NYSE:ASH) Suggests It's 32% Undervalued
How far off is Ashland Global Holdings Inc. (NYSE:ASH) from its intrinsic value? Using the most recent financial data...
- Insider Monkey
Here’s What Hedge Funds Think About Ashland Global Holdings Inc.. (ASH)
It was a rough fourth quarter for many hedge funds, which were naturally unable to overcome the big dip in the broad market, as the S&P 500 fell by about 4.8% during 2018 and average hedge fund losing about 1%. The Russell 2000, composed of smaller companies, performed even worse, trailing the S&P by more […]
- Investopedia
Materials ETFs Surge Amid Rate Cut Hopes
Basic materials stocks have rallied in the first week of June on dollar weakness. Play for continued strength using these ETFs.
