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


The leading market experts have placed a mean price target of $129.00 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 $1.85 a share for the upcoming quarter and $7.13 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 $113.95, and stock is hovering 0.90 or +0.79% distant from $113.95. It is noted that the 200-day MA is $105.69, and Ashland Inc. (NEW) Common Stock stock is $9.16 or +8.66% off from this point. Ashland Inc. (NYSE:ASH) 52-week high is $122.11 and the 52-week low is $88.30. This explains if the stock moves $-7.26, it will post a 52-week high. In event of $+30.07% points 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 33.40. The stock last ended the trading session at $114.85 and registered a market cap of $7.13B. 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 1.76.

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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