ASH stock: buy or sell?
September 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?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.
|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?
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.
|Date||Analyst / Broker||Previous rating||Current rating|
|2019-6-14||JPMorgan Chase & Co.||Overweight||Neutral|
ASH stock analysis
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%).
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 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 $86.00How 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:
|Date||Analyst / Broker||Action||Previous target||Current target||Diff|
|2019-8-28||SunTrust Banks||Lowers Target||$95.00||$87.00||-8.4%|
|2019-8-1||Buckingham Research||Raises Target||$75.00||$85.00||13.3%|
|2019-6-14||JPMorgan Chase & Co.||Downgrades||n/a||$82.00||-|
|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 astounding climb for the Earnings per Share (EPS) ratio. Analyst 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 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%
|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 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.
|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 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:
|Market cap||$4.7 B||$28.4 B||$25.5 B||$14.2 B||$3.2 B|
|Total shares||60.5 M||24.5 M||157.8 M||146.1 M||232.5 M|
|Float shares||55.1 M||24.4 M||156.9 M||143.1 M||231.5 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 selling||0.0%||0.0%||0.0%||0.0%||0.0%|
|Friday, September 20th, 2019|
|Day range||$77.03 - $77.98|
|Average true range||$1.42|
|50d mov avg||$75.30|
|100d mov avg||$75.72|
|200d mov avg||$75.84|
Ashland Global performanceTo 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.
|GTThe Goodyear Tire...||-7.93%||-18.99%||-41.76%|