ASH stock: buy or sell?
May 20th, 2019
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.
|New all-time high||No|
|New 52 week high||No|
|Price crossing up 200d MA||No|
|100d MA crossing up 200d MA||No|
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.
|Date||Analyst / Broker||Previous rating||Current rating|
ASH stock analysis
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.
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 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 $90.00How 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:
|Date||Analyst / Broker||Action||Previous target||Current target||Diff|
|2019-1-2||Deutsche Bank||Lowers Target||$100.00||$90.00||-10%|
Financials and fundamental analysis
Earnings date and Earnings per ShareOn 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.
|Quarter||Reporting date||Estimated EPS||Actual EPS||Surprise|
Annual financial resultsIn 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%
|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 M||14.82%||$114 M3.0%||11,300.00%|
|TTM||$3,477 M||-7.11%||$71 M2.0%||-37.72%|
Quarterly financial resultsAshland 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.
|2017-Q2||$878 M||-||$-19 M-2.2%||-|
|2017-Q3||$880 M||0.23%||$-57 M-6.5%||200.00%|
|2017-Q4||$842 M||-4.32%||$-4 M-0.5%||-92.98%|
|2018-Q1||$974 M||15.68%||$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 M||15.80%||$76 M11.4%||-258.33%|
Ashland Global ownershipWhen 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:
|Market cap||$4.5 B||$24.5 B||$25.4 B||$69.8 B||$14.3 B|
|Total shares||62.7 M||24.9 M||157.5 M||2,250.0 M||146.1 M|
|Float shares||62.4 M||24.7 M||156.7 M||2,240.0 M||143.2 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 selling||0.0%||0.0%||0.0%||0.0%||0.0%|
|Monday, May 20th, 2019|
|Day range||$71.04 - $72.39|
|Average true range||$1.71|
|50d mov avg||$77.72|
|100d mov avg||$76.81|
|200d mov avg||$78.43|
Ashland Global performanceStocks 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:
|GTThe Goodyear Tire...||-20.22%||-30.97%||-37.41%|