Ashland (ASH) Gets a Hold from Evercore ISI

In a report released today, Eric Boyes from Evercore ISI maintained a Hold rating on Ashland, with a price target of $62.00. The company’s shares closed yesterday at $52.98.

Elevate Your Investing Strategy:

• Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.

Boyes covers the Basic Materials sector, focusing on stocks such as Ashland, Dow Inc, and Albemarle. According to TipRanks, Boyes has an average return of -0.4% and a 44.44% success rate on recommended stocks.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Ashland with a $63.83 average price target, which is a 20.48% upside from current levels. In a report released yesterday, TR | OpenAI – 4o also reiterated a Hold rating on the stock with a $49.00 price target.

Based on Ashland’s latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of $479 million and a net profit of $18 million. In comparison, last year the company earned a revenue of $575 million and had a net profit of $120 million