Deutsche Bank analyst David Begleiter reiterated a Buy rating on Ashland (ASH) yesterday and set a price target of $100.00. The company’s shares closed last Thursday at $88.78, close to its 52-week high of $95.20.
According to TipRanks.com, Begleiter is a 5-star analyst with an average return of 16.9% and a 75.8% success rate. Begleiter covers the Basic Materials sector, focusing on stocks such as Compass Minerals International, Air Products and Chemicals, and Sherwin-Williams Company.
Ashland has an analyst consensus of Strong Buy, with a price target consensus of $106.00.
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The company has a one-year high of $95.20 and a one-year low of $55.41. Currently, Ashland has an average volume of 469.1K.
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Ashland Global Holdings, Inc. is a global specialty chemicals company. The company engages in the manufacture and distribution of adhesives, architectural coatings, automotive, construction, energy, food and beverage, personal care, and pharmaceutical. It operates through the following segments: Specialty Ingredients, and Intermediates and Solvents. The Specialty Ingredients segment offers industry products, technologies, and resources for solving formulation and product-performance challenges. The Intermediates and Solvents segment produces butanediol and related derivatives, including tetrahydrofuran and n-methylpyrrolidone. The company was founded in 1924 and is headquartered in Covington. KY.
