Ashland Inc [ASH] stock prices are down -0.38% to $72.80 at the moment. It is a good measure of the stock’s recent performance to check whether the stock’s short-term value is rising or falling. The ASH shares have lost -2.86% over the last week, with a monthly amount drifted -5.49%, and not seem to be holding up well over a long-time horizon.
From an analyst’s perspective:
Ashland Inc [NYSE: ASH] stock has seen the most recent analyst activity on August 08, 2024, when JP Morgan upgraded its rating to a Neutral and also revised its price target to $89 from $90. Previously, Wells Fargo upgraded its rating to Overweight on April 11, 2024, and elevated its price target to $112. On March 14, 2024, upgrade upgraded it’s rating to Buy and revised its price target to $126 on the stock. Wolfe Research started tracking the stock assigning a Outperform rating and suggested a price target of $108 on March 01, 2024. Evercore ISI downgraded its rating to a In-line. BMO Capital Markets downgraded its rating to Market Perform for this stock on June 26, 2023, and downed its price target to $90. In a note dated February 02, 2023, JP Morgan downgraded an Underweight rating on this stock and boosted its target price from $104 to $105.
The stock price of Ashland Inc [ASH] has been fluctuating between $72.83 and $102.50 over the past year. Currently, Wall Street analysts expect the stock to reach $94.25 within the next 12 months. Ashland Inc [NYSE: ASH] shares were valued at $72.80 at the most recent close of the market. An investor can expect a potential return of 29.46% based on the average ASH price forecast.
Analyzing the ASH fundamentals
The Ashland Inc [NYSE:ASH] reported sales of 2.11B for trailing twelve months, representing a surge of 0.97%. Gross Profit Margin for this corporation currently stands at 0.21% with Operating Profit Margin at 0.04%, Pretax Profit Margin comes in at -0.01%, and Net Profit Margin reading is 0.07%. To continue investigating profitability, this company’s Return on Assets is posted at 0.03, Equity is 0.06 and Total Capital is 0.02. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.48.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 71.94 points at the first support level, and at 71.09 for the second support level. However, for the 1st resistance point, the stock is sitting at 74.11, and for the 2nd resistance point, it is at 75.43.
Ratios To Look Out For
It’s worth pointing out that Ashland Inc [NYSE:ASH]’s Current Ratio is 2.44. Further, the Quick Ratio stands at 1.33, while the Cash Ratio is 0.61. Considering the valuation of this stock, the price to sales ratio is 1.62, the price to book ratio is 1.19 and price to earnings (TTM) ratio is 20.67.
Transactions by insiders
Recent insider trading involved BONI ERIC N, VP, Finance & Prinpl Acctg Off, that happened on Dec 05 ’24 when 451.0 shares were sold. Officer, BONI ERIC N completed a deal on Dec 05 ’24 to buy 451.0 shares. Meanwhile, SVP, Gen Counsel and Secrty. LAMPKIN ROBIN E. sold 162.0 shares on Nov 19 ’24.
