Alert: Rating Downgrade (11/29/19)-Ashland Global Holdings Inc (NYSE: ASH).


Stock Rating Downgrade

Of late the Value Trend Rating for Ashland Global Holdings Inc (NYSE: ASH) weakened from C to D reflecting eroding fundamentals and low Appreciation Potential.


Recent Price Action

On 11/29/19, Ashland Global Holdings Inc (NYSE: ASH) stock declined modestly by -0.9%, closing at $71.70. However, this decline was accompanied by unusually low trading volume at 51% of normal. The stock has performed in line with the market over the last nine months and has declined -1.6% during the last week.

Current PriceTarget Research Rating

ASH’s future returns on capital are forecasted to be above the cost of capital. Accordingly, the company is expected to be a modest Value Builder.

Ashland Glob Hldgs has a current Value Trend Rating of D (Negative). The Value Trend Rating reflects consistent signals from PTR’s two proprietary measures of a stock’s attractiveness. Ashland Glob Hldgs has a neutral Appreciation Score of 46 and a slightly negative Power Rating of 38, leading to the Negative Value Trend Rating.

About John Lafferty 122561 Articles
During his career, John has developed valuation and stock rating methodologies, managed institutional portfolios and mutual funds, and provided equity research to institutional investors on thousands of companies. He has been Director of Research at PTR since its inception in 2004.

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