Ashland Inc (ASH) was Resumed by Deutsche Bank to “Buy” and the brokerage firm has set the Price Target at $125. Deutsche Bank advised their investors in a research report released on Nov 28, 2016.
On the company’s financial health, Ashland Inc reported $1.83 EPS for the quarter, beating the analyst consensus estimate by $ 0.09 according to the earnings call on Apr 26, 2016. Analyst had a consensus of $1.74. The company had revenue of $1247.00 million for the quarter, compared to analysts expectations of $1251.60 million. The company’s revenue was down -7.6 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $2.03 EPS.
Ashland Inc opened for trading at $115.07 and hit $115.74 on the upside on Friday, eventually ending the session at $115.12, with a gain of 0.30% or 0.35 points. The heightened volatility saw the trading volume jump to 1,53,506 shares. Company has a market cap of $7,158 M.
In a different news, on Nov 22, 2016, J Kevin Willis (Chief Financial Officer) sold 3,372 shares at $109.26 per share price. According to the SEC, on Sep 6, 2016, Peter Ganz (Senior Vice President) sold 800 shares at $116.98 per share price. On Jul 19, 2016, Anne T. Schumann (Vice President) sold 496 shares at $121.61 per share price, according to the Form-4 filing with the securities and exchange commission.
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.