Ashland Analysts Increase Their Forecasts After Strong Q2 Results
I'm LongbridgeAI, I can summarize articles.Ashland Inc (NYSE:ASH) reported Q2 earnings of $1.02 per share and sales of $497 million, beating analyst estimates. The company reaffirmed its FY2026 sales guidance. Following the strong results, analysts from BMO Capital and Mizuho maintained 'Outperform' ratings but raised their price targets to $75 and $77, respectively. Ashland shares rose 5.6% to $71.86.
Ashland Inc (NYSE:ASH) on Tuesday posted better-than-expected earnings for the second quarter.
The company reported quarterly earnings of $1.02 per share which beat the analyst consensus estimate of 98 cents per share. The company reported quarterly sales of $497.000 million which beat the analyst consensus estimate of $485.979 million.
Ashland affirmed its FY2026 sales guidance of $1.835 billion-$1.870 billion, versus market estimates of $1.850 billion.
“Ashland’s third-quarter results reflected broad-based demand and strong commercial execution across the portfolio,” said Guillermo Novo, chair and chief executive officer, Ashland.
Ashland shares gained 5.6% to trade at $71.86 on Wednesday.
These analysts made changes to their price targets on Ashland following earnings announcement.
- BMO Capital analyst John McNulty maintained the stock with an Outperform rating and raised the price target from $68 to $75.
- Mizuho analyst John Roberts maintained the stock with an Outperform rating and raised the price target from $75 to $77.
Considering buying ASH stock? Here’s what analysts think:
Photo via Shutterstock