At the time of writing, Ashland Inc [ASH] stock is trading at $65.15, up 1.34%. In order to assess the stock’s recent performance, you can check whether its short-term value is rising or falling. The ASH shares have gain 2.21% over the last week, with a monthly amount drifted -8.66%, 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.
For the past year, the stock price of Ashland Inc fluctuated between $60.60 and $102.50. Currently, Wall Street analysts expect the stock to reach $94.25 within the next 12 months. Ashland Inc [NYSE: ASH] shares were valued at $65.15 at the most recent close of the market. An investor can expect a potential return of 44.67% based on the average ASH price forecast.
Analyzing the ASH fundamentals
According to Ashland Inc [NYSE:ASH], the company’s sales were 2.05B for trailing twelve months, which represents an -14.38% plunge. Gross Profit Margin for this corporation currently stands at 0.26% with Operating Profit Margin at -0.03%, Pretax Profit Margin comes in at -0.12%, and Net Profit Margin reading is -0.01%. To continue investigating profitability, this company’s Return on Assets is posted at -0.0, Equity is -0.01 and Total Capital is -0.01. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.55.
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 64.48 points at the first support level, and at 63.82 for the second support level. However, for the 1st resistance point, the stock is sitting at 65.64, and for the 2nd resistance point, it is at 66.14.
Ratios To Look Out For
It is important to note that Ashland Inc [NYSE:ASH] has a current ratio of 2.52. In addition, the Quick Ratio stands at 1.27 and the Cash Ratio stands at 0.52. Considering the valuation of this stock, the price to sales ratio is 1.50, the price to book ratio is 1.19.
Transactions by insiders
Recent insider trading involved NOVO GUILLERMO, Chair of the Board and CEO, that happened on Jan 31 ’25 when 31294.0 shares were purchased. SVP and GM, Life Sciences, Assis Alessandra Faccin completed a deal on Jan 31 ’25 to buy 3150.0 shares. Meanwhile, VP, Finance & Prinpl Acctg Off BONI ERIC N sold 451.0 shares on Dec 05 ’24.
