Credit Suisse analyst Chris Parkinson maintained a Buy rating on Ashland Inc (NYSE: ASH) yesterday and set a price target of $86. The company’s shares opened today at $74.38, close to its 52-week high of $77.16.
According to TipRanks.com, Parkinson is a 1-star analyst with an average return of -0.4% and a 53.6% success rate. Parkinson covers the Consumer Goods sector, focusing on stocks such as Compass Minerals International Inc, Air Products and Chemicals, and Sherwin-Williams Company.
Currently, the analyst consensus on Ashland Inc is Strong Buy and the average price target is $85, representing a 14.3% upside.
In a report issued on May 3, KeyBanc also maintained a Buy rating on the stock with a $87 price target.
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Based on Ashland Inc’s latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of $974 million and net profit of $73 million. In comparison, last year the company earned revenue of $1.33 billion and had a net profit of $92 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.
