In a report released today, Michael Sison from KeyBanc reiterated a Buy rating on Ashland Inc (NYSE: ASH), with a price target of $93. The company’s shares opened today at $84, close to its 52-week high of $85.98.
According to TipRanks.com, Sison is a 5-star analyst with an average return of 16.3% and a 68.8% success rate. Sison covers the Consumer Goods sector, focusing on stocks such as Axalta Coating Systems, Pq Group Holdings Inc, and Orion Engineered.
Ashland Inc has an analyst consensus of Strong Buy, with a price target consensus of $92.67, implying a 10.3% upside from current levels. In a report released today, Credit Suisse also maintained a Buy rating on the stock with a $95 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 $878 million and had a GAAP net loss of $33 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.
