ASH stock: buy or sell?

ASH stock price: $71.31 -1.78% At close on May 20th, 2019

Updated on:
May 20th, 2019

2

Ashland Global closed today at $71.31 and eased a tragic -1.78%.

Ashland Global Holdings Inc. provides specialty chemical solutions worldwide. Its Specialty Ingredients segment provides products, technologies, and resources for solving formulation and product-performance challenges.

Should I buy ASH stock?

Trading stocks requires experience and discipline, and your buying and selling decisions must come following a methodology. Having a trading strategy helps to make decisions easier, quicker and with less hesitations. At Stocks2.com, we like to use very simple but trusted and powerful trend following trading strategies. Simple things usually work the best.

None of our preferred buy setups matches with Ashland Global stock situation right now, therefore this is not a suitable entry point.

Buy setupElegible
New all-time highNo
New 52 week highNo
Price crossing up 200d MANo
100d MA crossing up 200d MANo
This doesn't mean ASH will slide in coming sessions, or it will not rise higher. Simply, it doesn't match our recommended trading systems.

Is Ashland Global stock a buy?

Financial institutions and banks post stock ratings everyday. At Stocks2.com, we found 1 rating published for ASH stock in the last month.

Is ASH a good stock to buy?
DateAnalyst / BrokerPrevious ratingCurrent rating
2019-1-2Deutsche BankBuyBuy

ASH stock analysis

Daily outlook

Shares of Ashland Global ended today at $71.31 and eased a tragic -1.78%.

Shares of Ashland Global eased a tragic -1.78% and closed at $71.31.

ASH stock chart (daily)

Weekly outlook

Ashland Global closed this week at $71.31 and declined a fatal -1.78%. This was the fourth red week in a row, sliding in full a -10.55%.

Since price and 40-weeks moving average lines crossed down late April, ASH fell $-8.40 per share (-10.54%). Trading stocks that are below the 40-weeks (that is, 200-days) moving average mark is not recommended by many experts, as it indicates that the stock has not enough institutional support. Far behind is the all-time high Ashland Global hit by mid September 2018 and since then the price is -17.07% below that top.

ASH stock chart (weekly)

ASH stock price history

ASH IPO was on March 17th, 1980 at $0.54 per share1. Since then, ASH stock grew a 13,105.60%, with a yearly average of 336.00%. If you had invested right after ASH's IPO a $1,000 in ASH stock in 1980, it would worth $131,056.00 today.

1: Adjusted price after possible price splits or reverse-splits.

ASH stock historical price chart

ASH stock reached all-time highs on September with a price of $85.99.

ASH stock price target is $90.00

How much a stock will be priced tomorrow or next week is quite unpredictable However, many stock price predictions are published every day by banks, financial institutions and independent analysts. You should not follow the analysts' ASH stock price predictions in the hope that they will be met as they may be wrong and not met. For the last 30 days we only found 1 price target for Ashland Global stock:
ASH stock price predictions
DateAnalyst / BrokerActionPrevious targetCurrent targetDiff
2019-1-2Deutsche BankLowers Target$100.00$90.00-10%
(in average)$100.00$90.00-10.0%

Financials and fundamental analysis

Earnings date and Earnings per Share

On February, Ashland Global presented its financial report, posting an exceptional growth for the Earnings per Share (EPS) ratio. Experts expected $0.11 per share, but Ashland Global posted $0.14.
ASH earnings date and EPS evolution
QuarterReporting dateEstimated EPSActual EPSSurprise
2017-Q2-n/an/an/a
2017-Q3-n/an/an/a
2017-Q4-n/an/an/a
2018-Q12018-05-010.841.0626.2%
2018-Q22018-07-311.031.139.7%
2018-Q32018-11-060.980.97-1.0%
2018-Q42019-02-050.110.1427.3%
2019-Q1-n/an/an/a
2019-Q2-n/an/an/a
2019-Q3-n/an/an/a

Annual financial results

In 2018, Ashland Global annual sales boosted an astounding 14.82% to $3,743.00 million USD from $3,260.00 marked in 2017. However, its earnings margin (compared to revenues) grew to 3.05%, that is $114.00 million.

Ashland Global presents anual results in September, and to compare its evolution since then, we estimate annual sales and income figures by adding results from the last 4 quarters. This is called TTM (or Twelve Trailing Months). So, Ashland Global TTM sales up to December 2018 were $3,477.00 and income $71.00 M USD. If we compare this TTM figures with the last reported annuality, we can review Ashland Global business evolution since September 2018: Annual sales up to December, compared to lastest yearly report, fell a fateful -7.11%. Regarding profit margin, Ashland Global stayed constant -1.00% to 3.05%

ASH annual Sales and Income evolution
YearSalesYoYIncome/(margin)YoY
2013$7,810 M-$677 M8.7%-
2014$6,121 M-21.63%$233 M3.8%-65.58%
2015$5,387 M-11.99%$309 M5.7%32.62%
2016$4,948 M-8.15%$-29.00 M-0.6%-109.39%
2017$3,260 M-34.11%$1.00 M0.0%-103.45%
2018$3,743 M14.82%$114 M3.0%11,300.00%
TTM $3,477 M-7.11%$71 M2.0%-37.72%

Quarterly financial results

Ashland Global reported $576.00 M in revenues for 2018-Q4, a -39.75% decline compared to previous quarter. Reported quarter income marked $-48.00 M with a profit margin of -8.33%. Profit margin fell a -9.38% compared to previous quarter when profit margin was 1.05%. When comparing turnover to same quarter last year, Ashland Global sales marked a dreadful slide and plunged a -31.59%. Looking back to recent quarterly results, Ashland Global posted 3 negative quarters in a row.
ASH quarterly Sales and Income evolution
QuarterSales1QoQ2Income1/(margin)QoQ2
2017-Q2$878 M-$-19 M-2.2%-
2017-Q3$880 M0.23%$-57 M-6.5%200.00%
2017-Q4$842 M-4.32%$-4 M-0.5%-92.98%
2018-Q1$974 M15.68%$73 M7.5%-1,925.00%
2018-Q2$971 M-0.31%$36 M3.7%-50.68%
2018-Q3$956 M-1.54%$10 M1.0%-72.22%
2018-Q4$576 M-39.75%$-48 M-8.3%-580.00%
2019-Q1$667 M15.80%$76 M11.4%-258.33%

Ashland Global ownership

When you are planning to buy a company, it's always worth to review its ownership structure.

Ashland Global shares owned by insiders (that is, founders, CEO, CTO, main executives or other management staff) currently counts a 0.40% of all shares.

Bearish positions for ASH stock account 0.00%, no big difference from last month.

The following table compares ownership indicators for other stocks related to Ashland Global:

ASHAZOCMIDWDPGPC
Market cap$4.5 B$24.5 B$25.4 B$69.8 B$14.3 B
Total shares62.7 M24.9 M157.5 M2,250.0 M146.1 M
Float shares62.4 M24.7 M156.7 M2,240.0 M143.2 M
  - Institutional holdings (%)94.8%96.6%84.5%72.7%77.8%
  - Insider holdings (%)0.4%0.8%0.3%0.5%2.9%
Shares in short selling0.0%0.0%0.0%0.0%0.0%

ASH summary

Monday, May 20th, 2019
Open$71.94
Close$71.31
Day range$71.04 - $72.39
Previous close$72.60
Session gain-1.78%
Average true range$1.71
50d mov avg$77.72
100d mov avg$76.81
200d mov avg$78.43
Daily patternlt03c
Weekly pattern

Ashland Global performance

Stocks performance is always measured in comparision to the market or competitors and related stocks in the same industry. In the following table, we compare Ashland Global to AutoZone, Cummins, DowDuPont, Genuine Parts, The Goodyear Tire & Rubber, Huntsman, Monro and Walmart:
Stock3m6m12m
ASHAshland Global-8.34%-12.13%-8.64%
AZOAutoZone7.00%18.85%50.79%
CMICummins3.70%12.13%12.57%
DWDPDowDuPont-14.56%-15.95%-26.59%
GPCGenuine Parts-8.18%-2.86%9.30%
GTThe Goodyear Tire...-20.22%-30.97%-37.41%
HUNHuntsman-12.89%-2.18%-35.41%
MNROMonro4.14%5.74%44.61%
WMTWalmart3.08%8.48%25.85%

Ashland Global competitors

We selected a few stocks to conform a list of Ashland Global competitors to watch if you are interested in investing in ASH: