Ashland Inc (ASH) Receives a Buy from Credit Suisse
In a report released yesterday, Chris Parkinson from Credit Suisse maintained a Buy rating on Ashland Inc (ASH), with a price target of $95. The company’s shares closed on Friday at $76.33.
Parkinson has an average return of 2.3% when recommending Ashland Inc.
According to TipRanks.com, Parkinson is ranked #3752 out of 4904 analysts.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Ashland Inc with a $97.50 average price target.
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Based on Ashland Inc’s latest earnings release for the quarter ending June 30, the company reported a quarterly revenue of $971 million and net profit of $36 million. In comparison, last year the company earned revenue of $880 million and had a GAAP net loss of $58 million.
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Ashland Global Holdings, Inc. is a global specialty chemicals company, which engages in the manufacture and distribution of adhesives, architectural coatings, automotive, construction, energy, food and beverage, personal care and pharmaceutical. It operates through three segments: Specialty Ingredients, Composites, and Intermediates & Solvents.