Ashland Inc. Receives a Buy from Jefferies

By Ryan Adsit

Jefferies analyst Laurence Alexander reiterated a Buy rating on Ashland Inc. (NYSE: ASH) yesterday and set a price target of $140. The company’s shares closed yesterday at $114.97.

According to TipRanks.com, Alexander is a top 100 analyst with an average return of 10.8% and a 62.6% success rate. Alexander covers the Basic Materials sector, focusing on stocks such as Air Products and Chemicals, GCP Applied Technologies, and Axalta Coating Systems.

Ashland Inc. has an analyst consensus of Moderate Buy, with a price target consensus of $140.

Ashland Inc.’s market cap is currently $7.14B and has a P/E ratio of 39.24. The company has a book value ratio of 2.6115.

Based on the recent corporate insider activity of 44 insiders, corporate insider sentiment is negative on the stock. Earlier this month, Keith Silverman, the VP of ASH sold 3,465 shares for a total of $387,699.

Ashland Global Holdings, Inc. engages in the business of specialty chemicals. Its activities include manufacturing and distribution of specialty additives and functional ingredients including cellulose ethers and synthetic polymers. The company was founded May 6, 2016 and is headquartered in Covington. KY.