SunTrust Robinson analyst James Sheehan reiterated a Buy rating on Ashland Inc (NYSE: ASH) yesterday and set a price target of $95. The company’s shares opened today at $84, close to its 52-week high of $85.98.
According to TipRanks.com, Sheehan is a 5-star analyst with an average return of 15.5% and a 74.7% success rate. Sheehan covers the Consumer Goods sector, focusing on stocks such as Venator Materials Plc, Kronos Worldwide Inc, and Nexeo Solutions Inc.
Ashland Inc has an analyst consensus of Strong Buy, with a price target consensus of $92.67, representing a 10.3% upside. 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.
