Analyst Rating Update on Ashland (ASH)

Ashland (NYSE:ASH) : 6 brokerage houses believe that Ashland (NYSE:ASH) is a Strong Buy at current levels. Zacks Investment Research suggests a Hold with a rank of 3.The median of all the 6 Wall Street Analysts endorse the stock as a Strong Buy with a rating of 1.

Ashland (NYSE:ASH) : 5 Wall Street analysts covering Ashland (NYSE:ASH) believe that the average level the stock could reach for the short term is $130. The maximum price target given is $135 and the minimum target for short term is around $125, hence the standard deviation is calculated at $5.

For the current week, the company shares have a recommendation consensus of Buy.

Ashland (NYSE:ASH): On Tuesdays trading session , Opening price of the stock was $112 with an intraday high of $112. The bears continued to sell at higher levels and eventually sold the stock down to an intraday low of $108.91. However, the stock managed to close at $110.09, a loss of 0.61% for the day. On the previous day, the stock had closed at $110.77. The total traded volume of the day was 684,979 shares.

In an insider trading activity,The officer (Chief Financial Officer) of Ashland Inc., Willis J Kevin sold 1,183 shares at $110.99 on May 4, 2016. The Insider selling transaction had a total value worth of $131,301. The Insider information was disclosed with the Securities and Exchange Commission in a Form 4 filing.

Ashland Inc. (Ashland) is a specialty chemical company that provides products, services and solutions to industries. The Companys segments are: Ashland Specialty Ingredients offers products, technologies and resources in key markets including personal and home care, pharmaceutical, food and beverage, coatings, construction, energy and other industries; Ashland Water Technologies is a supplier of specialty chemicals and services to the pulp, paper, mining, food and beverage, power generation, refining, chemical processing, general manufacturing and municipal markets. Ashland Performance Materials helps customers to create substitutes for traditional materials through higher performing, cost-efficient resin and adhesive technologies that improve the manufacturing, fabrication and design process, and Ashland Consumer Markets delivers premium-branded automotive, commercial and industrial lubricants, automotive chemicals and car-care products.

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