ASH stock: buy or sell?

ASH stock price: $78.38 0.93% At close on July 16th, 2019

Updated on:
July 16th, 2019

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Ashland Global gained a slightly fine 0.93% and closed at $78.38.

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?

Make a decision about when to buy or sell stocks is one of the hardest parts of being a trader or investor. Trading strategies are meant for helping you in the decision process of what stocks to choose and when is the best time to buy them. There are thousands of trading strategies for you to choose, but at Stocks2.com we prefer those that are simple but successful.

Just 1 of our buy setups matches with Ashland Global stock now:

Buy setupElegible
New all-time highNo
New 52 week highNo
Price crossing up 200d MAYes
100d MA crossing up 200d MANo

Is Ashland Global stock a buy?

Everyday, hundreds of stock ratings are published by financial analysts to indicate a particular stock's attractiveness. At Stocks2.com, we collected 2 ratings published for ASH stock in the last 30 days.

Is ASH a good stock to buy?
DateAnalyst / BrokerPrevious ratingCurrent rating
2019-6-14JPMorgan Chase & Co.OverweightNeutral
2019-1-2Deutsche BankBuyBuy

ASH stock analysis

Daily outlook

Shares of Ashland Global gained a slightly fine 0.93% and closed at $78.38.

Shares of Ashland Global gained a slightly fine 0.93% and closed at $78.38. Since price and SMA200d lines crossed up on Friday, ASH climbed $1.97 (2.58%). In the last 22 days when SMA100d and SMA200d crossed up, ASH price gained $0.88 per share (1.14%).

ASH stock chart (daily)

Weekly outlook

Ashland Global appreciated a slightly good 0.77% this week.

Weekly chart tells us that price is in a simple uptrend, tested $75.26 level and now climbing back aiming its last top at $81.22. By mid June, SMA20w and SMA40w crossed up triggering a rise of 0.81%. Since early June when ASH stock price broke up the SMA40w line, it gained $3.51 (4.69%). Far behind is the all-time high Ashland Global marked by mid September 2018 but price is just -8.52% below that top.

ASH stock chart (weekly)

ASH stock price history

ASH IPO was on March 17th, 1980 at $2.14 per share1. Since then, ASH stock grew a 3,562.60%, with an average of 91.30% per year. If you had invested $1,000 in ASH stock in 1980, it would worth $35,626.00 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 $85.68.

ASH stock price target is $86.00

Predicting the price evolution of a stock or any financial instrument in a reliable and repeatable way is probably impossible. However, financial institutions invest time and resources to provide the most accurated estimations to help investors to make their decisions. We do not recommend to follow these stock price predictions without a critical thinking from your side, as their accuracy is usually low. For the last 30 days we found 2 price predictions for ASH stock:
ASH stock price predictions
DateAnalyst / BrokerActionPrevious targetCurrent targetDiff
2019-6-14JPMorgan Chase & Co.Downgradesn/a$82.00-
2019-1-2Deutsche BankLowers Target$100.00$90.00-10%
(in average)$100.00$86.00-14.0%
Moving in a range from $90.00 and $82.00, the price forecast for ASH stock is $86.00. In average, analysts' outlook on ASH price forecast is negative, downsizing the forecast by a -14.00% from previous estimations.

Financials and fundamental analysis

Earnings date and Earnings per Share

On February, Ashland Global presented its financial report, posting an outstanding climb for the Earnings per Share (EPS) ratio. Analyst were expecting $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

Compared to 2017, last anual revenues report draw a super good growth of 14.82% to $3,743.00 million dollars. Slightly worse, its earnings margin (compared to sales) stepped up to 3.05%, that is $114.00 million.

Ashland Global fiscal year ends in September, and to evaluate 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 dollars. When comparing this TTM figures with the last reported annuality, we can esteem Ashland Global business evolution since September 2018: Annual sales up to December, compared to lastest yearly report, dropped a fatal -7.11%. However, profit margin (net income/sales) stayed steady at 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 posted $576.00 million 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 sales to same quarter last year, Ashland Global sales marked a dreadful loss and collapsed a -31.59%. Looking back to recent quarterly results, Ashland Global posted 3 positive 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 worth to have a look 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:

ASHAZOCMIGPCGT
Market cap$4.9 B$28.9 B$27.1 B$15.3 B$3.6 B
Total shares62.7 M24.5 M157.5 M145.9 M240.5 M
Float shares57.3 M24.4 M156.7 M143.0 M231.5 M
  - Institutional holdings (%)94.8%96.6%84.5%77.8%91.6%
  - Insider holdings (%)0.4%0.8%0.3%2.9%0.4%
Shares in short selling0.0%0.0%0.0%0.0%0.0%

ASH summary

Tuesday, July 16th, 2019
Open$77.59
Close$78.38
Day range$77.31 - $78.65
Previous close$77.66
Session gain0.93%
Average true range$1.36
50d mov avg$76.58
100d mov avg$77.39
200d mov avg$76.84
Daily pattern
Weekly pattern lb01a

Ashland Global performance

To better understand Ashland Global performance you must compare its gains with other related stocks in same sector or industry. We compared Ashland Global against AutoZone, Cummins, Genuine Parts, The Goodyear Tire & Rubber, Huntsman, Monro and Walmart in the following table:
Stock3m6m12m
ASHAshland Global-1.23%0.90%-2.00%
AZOAutoZone12.76%39.57%64.96%
CMICummins3.42%16.14%30.80%
GPCGenuine Parts0.14%8.61%10.01%
GTThe Goodyear Tire...-25.81%-25.48%-28.14%
HUNHuntsman-17.70%-6.73%-32.63%
MNROMonro0.57%12.14%20.46%
WMTWalmart11.82%18.69%33.21%

Ashland Global competitors

One check before investing in any stock is to have a look a list of its competitors, in this case for Ashland Global. We selected 7 companies as Ashland Global competitors as they are in the same industry or have similar market objectives.