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.