ASH stock: buy or sell?

ASH stock price: $77.65 0.92% At close on September 20th, 2019

Updated on:
September 20th, 2019

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Shares of Ashland Global inched a slightly fine 0.92% and closed at $77.65.

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. That's why is so important to define your own trading strategy that matches with your character as inversor. 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 is not a selling recommendation at all, just it's not the best moment to buy if you follow any of these trading strategies.

Is Ashland Global stock a buy?

Banks and financial institutions publish stock ratings everyday. At Stocks2.com, we detected 4 ratings published for ASH stock in the last month.

The general sentiment of these ratings is bullish for ASH stock, with 2 positive ratings.
Is ASH a good stock to buy?
DateAnalyst / BrokerPrevious ratingCurrent rating
2019-8-28SunTrust Banksn/aBuy
2019-8-1Buckingham Researchn/aNeutral
2019-6-14JPMorgan Chase & Co.OverweightNeutral
2019-1-2Deutsche BankBuyBuy

ASH stock analysis

Daily outlook

Ashland Global shares inched 0.92% to $77.65 today.

Ashland Global ended today at $77.65 and inched a slightly fine 0.92%. Since price and SMA200d lines crossed up on September/11, ASH climbed $1.74 (2.29%).

ASH stock chart (daily)

Weekly outlook

After boosting a cool 5.57% in a week last week, Ashland Global closed this week at $77.65 and decreased an unpleasant -0.87%.

The downtrend marked by ASH has left successive falling peaks and bottoms. If the support holds the price, this might mark a double bottom pattern and create a flat-base to reverse this downtrend. Since last week when ASH stock price broke up the SMA40w line, it gained $3.68 (4.97%).

ASH stock chart (weekly)

ASH stock price history

ASH IPO was on March 17th, 1980 at $0.57 per share1. Since then, ASH stock surged a 13,522.80%, with an average of 346.70% per year. If you had invested right after ASH's IPO a $1,000 in ASH stock in 1980, it would worth $135,228.00 today.

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

ASH stock historical price chart

ASH stock reached all-time highs with a price of $85.36.

ASH stock price target is $86.00

How much a stock will be priced tomorrow or next week is quite unpredictable However, banks and other financial institutions analysts, with the help of lots of data and algorithms do their best to predict the stock prices movement. 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 found 4 price predictions for ASH stock:
ASH stock price predictions
DateAnalyst / BrokerActionPrevious targetCurrent targetDiff
2019-8-28SunTrust BanksLowers Target$95.00$87.00-8.4%
2019-8-1Buckingham ResearchRaises Target$75.00$85.0013.3%
2019-6-14JPMorgan Chase & Co.Downgradesn/a$82.00-
2019-1-2Deutsche BankLowers Target$100.00$90.00-10%
(in average)$90.00$86.00-4.0%
The price forecast for Ashland Global stock is $86.00, moving in a range between $90.00 and $82.00. In average, analysts' outlook on ASH price forecast is negative, reducing the forecast by a -4.00% from previous estimations.

Financials and fundamental analysis

Earnings date and Earnings per Share

On February, Ashland Global presented its financial report, posting an astounding climb for the Earnings per Share (EPS) ratio. Analyst 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 turnover rocketed a super good 14.82% to $3,743.00 M dollars from $3,260.00 marked in 2017. When comparing 2018 vs 2017, on the other hand, profit margin (that is, the net income divided by revenues) gained a 3.02% to 3.05%.

Ashland Global fiscal year ends 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 million 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, eased a rough -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 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 drop down and plummed 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 invest in a stock, it's always worth to check 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.

For a better context understanding, the next table shows ownership data compared to other related stocks:

ASHAZOCMIGPCGT
Market cap$4.7 B$28.4 B$25.5 B$14.2 B$3.2 B
Total shares60.5 M24.5 M157.8 M146.1 M232.5 M
Float shares55.1 M24.4 M156.9 M143.1 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

Friday, September 20th, 2019
Open$77.03
Close$77.65
Day range$77.03 - $77.98
Previous close$76.94
Session gain0.92%
Average true range$1.42
50d mov avg$75.30
100d mov avg$75.72
200d mov avg$75.84
Daily pattern
Weekly pattern lt02a

Ashland Global performance

To better understand Ashland Global performance you must becnhmark its gains with other related stocks in same sector or industry. We selected AutoZone, Cummins, Genuine Parts, The Goodyear Tire & Rubber, Huntsman, Monro and Walmart as the bechmarking frame for Ashland Global stock.
Stock3m6m12m
ASHAshland Global0.57%2.00%-8.12%
AZOAutoZone3.66%18.15%50.59%
CMICummins-4.20%5.35%10.24%
GPCGenuine Parts-5.44%-7.83%-0.66%
GTThe Goodyear Tire...-7.93%-18.99%-41.76%
HUNHuntsman16.93%6.74%-18.75%
MNROMonro-11.85%-2.32%7.73%
WMTWalmart5.78%20.25%24.57%

Ashland Global competitors

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