Stock of the Day: Ashland Inc (NYSE:ASH) Shifting Institutional Investors Sentiment

November 29, 2016 - By Peter Erickson   ·   0 Comments

Stock of the Day: Ashland Inc (NYSE:ASH) Shifting Institutional Investors Sentiment

Sentiment for Ashland Inc (NYSE:ASH)

Ashland Inc (NYSE:ASH) institutional sentiment decreased to 0.02 in 2016 Q2. Its down -0.85, from 0.87 in 2016Q1. The ratio dived, as 128 investment managers increased or started new equity positions, while 147 trimmed and sold stock positions in Ashland Inc. The investment managers in our partner’s database reported: 51.94 million shares, down from 53.04 million shares in 2016Q1. Also, the number of investment managers holding Ashland Inc in their top 10 equity positions was flat from 3 to 3 for the same number . Sold All: 31 Reduced: 116 Increased: 91 New Position: 37.

The stock decreased 1.51% or $1.74 during the last trading session, hitting $113.38. Ashland Global Holdings Inc. (NYSE:ASH) has declined 1.97% since April 26, 2016 and is downtrending. It has underperformed by 7.23% the S&P500.

Analysts await Ashland Global Holdings Inc. (NYSE:ASH) to report earnings on January, 23. They expect $1.12 earnings per share, down 20.57% or $0.29 from last year’s $1.41 per share. ASH’s profit will be $70.73 million for 25.31 P/E if the $1.12 EPS becomes a reality. After $1.52 actual earnings per share reported by Ashland Global Holdings Inc. for the previous quarter, Wall Street now forecasts -26.32% negative EPS growth.

According to Zacks Investment Research, “Ashland Global Holdings Inc. is engaged in providing specialty chemical solutions. It serves consumer and industrial markets which includes adhesives, architectural coatings, automotive, construction, energy, food and beverage, personal care and pharmaceutical sector. Ashland Global Holdings Inc., formerly known as Ashland Inc., is based in Covington, United States.”

Banbury Partners Llc holds 10.36% of its portfolio in Ashland Global Holdings Inc. for 246,274 shares. Holowesko Partners Ltd. owns 890,500 shares or 8.59% of their US portfolio. Moreover, Miura Global Management Llc has 3.39% invested in the company for 275,000 shares. The New York-based South Street Advisors Llc has invested 2.87% in the stock. Omega Advisors Inc., a New York-based fund reported 824,474 shares.#img1#

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

Ratings analysis reveals 80% of Ashland’s analysts are positive. Out of 5 Wall Street analysts rating Ashland, 4 give it “Buy”, 0 “Sell” rating, while 1 recommend “Hold”. The lowest target is $6 while the high is $140. The stock’s average target of $108.50 is -4.30% below today’s ($113.38) share price. ASH was included in 12 notes of analysts from July 31, 2015. TheStreet downgraded Ashland Global Holdings Inc. (NYSE:ASH) on Tuesday, September 1 to “Buy” rating. Monness Crespi & Hardt maintained Ashland Global Holdings Inc. (NYSE:ASH) rating on Wednesday, January 27. Monness Crespi & Hardt has “Buy” rating and $130 price target. The stock of Ashland Global Holdings Inc. (NYSE:ASH) has “Neutral” rating given on Wednesday, March 23 by Credit Suisse. The firm has “Buy” rating by Goldman Sachs given on Friday, October 9. Deutsche Bank maintained Ashland Global Holdings Inc. (NYSE:ASH) rating on Wednesday, September 23. Deutsche Bank has “Buy” rating and $140 price target. The firm has “Overweight” rating given on Thursday, October 15 by KeyBanc Capital Markets. On Friday, July 31 the stock rating was maintained by Deutsche Bank with “Buy”.

ASH Company Profile

Ashland Global Holdings Inc, formerly Ashland LLC, incorporated on March 15, 2004, is engaged in specialty chemicals, and through Valvoline, is a consumer-branded lubricant supplier. The Firm provides products, services and solutions to clients in various industries in over 100 countries. The Firm operates in three divisions: Ashland Specialty Ingredients (Specialty Ingredients), Ashland Performance Materials (Performance Materials) and Valvoline. The Company’s chemistry is used in various markets and applications, including architectural coatings, adhesives, automotive, construction, energy, food and beverage, personal care and pharmaceutical.

Another recent and important Ashland Global Holdings Inc. (NYSE:ASH) news was published by Marketwatch.com which published an article titled: “Ashland Global Holdings Inc.” on June 23, 2009.

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By Peter Erickson

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