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In the latest session, Ashland Inc (NYSE: ASH) closed at $56.60 down -3.12% from its previous closing price of $58.42. In other words, the price has decreased by -$3.12 from its previous closing price. On the day, 1.53 million shares were traded.
Ratios:
For a deeper understanding of Ashland Inc’s stock, let’s take a closer look at its various ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 9.15 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 24.96. For the most recent quarter (mrq), Quick Ratio is recorded 1.27 and its Current Ratio is at 2.52. In the meantime, Its Debt-to-Equity ratio is 0.55 whereas as Long-Term Debt/Eq ratio is at 0.54.
Upgrades & Downgrades
In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for the company, JP Morgan on August 08, 2024, Upgraded its rating to Neutral and sets its target price to $89 from $90 previously.
On April 11, 2024, Wells Fargo Upgraded its rating to Overweight which previously was Equal Weight and also upped its target price recommendation from $100 to $112.
Jefferies Upgraded its Hold to Buy on March 14, 2024, whereas the target price for the stock was revised from $100 to $126.
Insider Transactions:
Additionally, insider trades can be beneficial to investors who want to learn what the management thinks about stock prices in the future. A recent insider transaction in this stock occurred on Jan 31 ’25 when NOVO GUILLERMO bought 31,294 shares for $64.24 per share. The transaction valued at 2,010,327 led to the insider holds 31,294 shares of the business.
Assis Alessandra Faccin bought 3,150 shares of ASH for $201,600 on Jan 31 ’25. The SVP and GM, Life Sciences now owns 3,150 shares after completing the transaction at $64.00 per share. On Dec 05 ’24, another insider, BONI ERIC N, who serves as the VP, Finance & Prinpl Acctg Off of the company, sold 451 shares for $78.07 each. As a result, the insider received 35,210 and left with 14,182 shares of the company.
Valuation Measures:
For the stock, the TTM Price-to-Sale (P/S) ratio is 1.31 while its Price-to-Book (P/B) ratio in mrq is 1.03.
Stock Price History:
Over the past 52 weeks, ASH has reached a high of $102.50, while it has fallen to a 52-week low of $58.34. The 50-Day Moving Average of the stock is -16.09%, while the 200-Day Moving Average is calculated to be -31.94%.
Shares Statistics:
A total of 47.18M shares are outstanding, with a floating share count of 46.63M. Insiders hold about 1.16% of the company’s shares, while institutions hold 89.47% stake in the company.
Earnings Estimates
The current rating of Ashland Inc (ASH) reflects the combined expertise of 7.0 analysts actively engaged in assessing its market performance.The consensus estimate for the next quarter is $1.51, with high estimates of $1.59 and low estimates of $1.41.
Analysts are recommending an EPS of between $5.09 and $4.1 for the fiscal current year, implying an average EPS of $4.44. EPS for the following year is $5.36, with 9.0 analysts recommending between $5.99 and $4.7.
Revenue Estimates
A total of 7 analysts believe the company’s revenue will be $515.29M this quarter.It ranges from a high estimate of $531M to a low estimate of $496.84M. As of the current estimate, Ashland Inc’s year-ago sales were $575MFor the next quarter, 7 analysts are estimating revenue of $507.66M. There is a high estimate of $517.65M for the next quarter, whereas the lowest estimate is $479M.
A total of 8 analysts have provided revenue estimates for ASH’s current fiscal year. The highest revenue estimate was $1.96B, while the lowest revenue estimate was $1.87B, resulting in an average revenue estimate of $1.93B. In the same quarter a year ago, actual revenue was $2.11BBased on 8 analysts’ estimates, the company’s revenue will be $2B in the next fiscal year. The high estimate is $2.05B and the low estimate is $1.93B.
