Stock To Watch: Ashland Inc. (NYSE:ASH)


The leading market experts have placed a mean price target of $130.63 on Ashland Inc. (NYSE:ASH) stock. This price level, which is estimated to be attained in one-year, indicates the mean of stock opinions given by the companies included in the First Call survey. The renowned research firms have predicted earnings of $1.52 a share for the upcoming quarter and $6.87 for the current fiscal.

Technical View

The technical analysis of Ashland Inc. (NEW) Common Stock plainly substantiates that the 50-day moving average of Ashland Inc. (NEW) Common Stock is $116.23, and stock is trading $-3.48 points away or -2.99% from its 50-day moving average of $116.23. Further it is trading $3.66 or +3.36% away its 200-day moving average of $109.09. Ashland Inc. (NYSE:ASH) 52-week high is $123.17 and the 52-week low is $88.30.

This explains if the stock moves $-10.42, it will post a 52-week high. In event of +27.69% decline, a 52-week low will be hit.

Taking the valuation aspect to emphasize the valuation of Ashland Inc. (NEW) Common Stock, shareholders can apply financial tool known as price-to-earnings ratio. This financial ratio assesses stock’s valuation by considering the relative expense of the stock. Following this ratio, Ashland Inc. (NYSE:ASH) ratio came in at 37.62.

The stock last ended the trading session at $112.75 and registered a market cap of $7.00B. To appraise firm’s growth, the shareholders take help of the Price-to-Earnings-Growth ratio. When a stock has a higher PEG ratio, it is suggestive of lower stock appreciation in approaching sessions. A stock comes in the group of undervalued stocks when its PEG ratio falls in between 0 and 1. Ashland Inc. (NYSE:ASH) PEG ratio is at 2.39.

1 Chart Pattern Every Investor Should Know

This little-known pattern preceded moves of 578% in ARWR, 562% in LCI, 513% in ICPT, 439% in EGRX, 408% in ADDUS and more...

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