For its second fiscal quarter (ending March 31), Ashland Inc (NYSE: ASH) has reported a 40% increase in E.P.S. from $1.71 a year ago to $2.40 in the current quarter. This performance was $0.77 better than the consensus estimate of $1.63. E.P.S. were $3.58 for the latest four quarters through March 31 versus $4.54 for the same period a year ago — a decline of -21%.
Recent Price Action
On 4/30/24, Ashland Inc (NYSE: ASH) stock declined modestly by -1.7%, closing at $95.33. NORMAL trading volume accompanied the decline. Relative to the market the stock has been strong over the last nine months but is unchanged during the last week.
Current PriceTarget Research Rating
Reflecting future returns on capital that are forecasted to exceed the cost of capital, ASH is expected to continue to be a Value Builder.
Ashland has a current Value Trend Rating of C (High Neutral). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing inconsistent signals. Ashland has a neutral Appreciation Score of 41 but a good Power Rating of 77, with the High Neutral Value Trend Rating the result.
Rating Review
In light of this new information we are reviewing our current Overall Rating of C. This review will be completed in the next several days.
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