We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Ashland (ASH) to Increase Prices for Adhesives Products
Read MoreHide Full Article
Ashland Global Holdings Inc. (ASH - Free Report) recently announced that it will increase the price for its pressure sensitive adhesives products in North America. This price increase will be effective from Mar 18, 2021 and range from 12 cents/lb to 15 cents/lb. This will include the Arocure, Aroset and Flexcryl product lines.
Ashland is committed toward managing costs and delivering top-quality products and excellent service. This price increase is in response to the continuous cost increases in feedstock, key raw materials and freight.
Shares of Ashland have gained 46.8% in the past year compared with 41.4% rise of the industry.
Ashland logged profits of $56 million in the first quarter of fiscal 2021 and saw an increase in sales of 4% year over year. Both adjusted earnings per share and sales for the quarter beat the respective Zacks Consensus Estimate. All three segments of the company also saw an increase in sales. The company’s cash and cash equivalents more than doubled year over year to $335 million at the end of the first quarter.
Ashland stated that its first-quarter results demonstrate progress toward strategic discipline, consistent organic growth, margin expansion and improved free cash flow conversion. It expects to deliver consistent results moving ahead notwithstanding the impacts of the coronavirus pandemic on global supply chains and consumers’ behaviour.
Some other top-ranked stocks in the basic materials space are Fortescue Metals GroupLimited (FSUGY - Free Report) , BHP Group (BHP - Free Report) and Impala Platinum Holdings Limited (IMPUY - Free Report) .
Fortescue has a projected earnings growth rate of 95.4% for the current fiscal. The company’s shares have surged around 223.4% in a year. It currently flaunts a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
BHP has an expected earnings growth rate of 69.2% for the current fiscal. The company’s shares have gained 119% in the past year. It currently sports a Zacks Rank #1.
Impala has an expected earnings growth rate of 186.9% for the current fiscal. The company’s shares have rallied around 148.9% in the past year. It currently sports a Zacks Rank #1.
Zacks Names “Single Best Pick to Double”
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
You know this company from its past glory days, but few would expect that it’s poised for a monster turnaround. Fresh from a successful repositioning and flush with A-list celeb endorsements, it could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in a little more than 9 months and Nvidia which boomed +175.9% in one year.
Image: Bigstock
Ashland (ASH) to Increase Prices for Adhesives Products
Ashland Global Holdings Inc. (ASH - Free Report) recently announced that it will increase the price for its pressure sensitive adhesives products in North America. This price increase will be effective from Mar 18, 2021 and range from 12 cents/lb to 15 cents/lb. This will include the Arocure, Aroset and Flexcryl product lines.
Ashland is committed toward managing costs and delivering top-quality products and excellent service. This price increase is in response to the continuous cost increases in feedstock, key raw materials and freight.
Shares of Ashland have gained 46.8% in the past year compared with 41.4% rise of the industry.
Ashland logged profits of $56 million in the first quarter of fiscal 2021 and saw an increase in sales of 4% year over year. Both adjusted earnings per share and sales for the quarter beat the respective Zacks Consensus Estimate. All three segments of the company also saw an increase in sales. The company’s cash and cash equivalents more than doubled year over year to $335 million at the end of the first quarter.
Ashland stated that its first-quarter results demonstrate progress toward strategic discipline, consistent organic growth, margin expansion and improved free cash flow conversion. It expects to deliver consistent results moving ahead notwithstanding the impacts of the coronavirus pandemic on global supply chains and consumers’ behaviour.
Ashland Global Holdings Inc. Price and Consensus
Ashland Global Holdings Inc. price-consensus-chart | Ashland Global Holdings Inc. Quote
Zacks Rank & Other Key Picks
Ashland currently carries a Zacks Rank #2 (Buy).
Some other top-ranked stocks in the basic materials space are Fortescue Metals GroupLimited (FSUGY - Free Report) , BHP Group (BHP - Free Report) and Impala Platinum Holdings Limited (IMPUY - Free Report) .
Fortescue has a projected earnings growth rate of 95.4% for the current fiscal. The company’s shares have surged around 223.4% in a year. It currently flaunts a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
BHP has an expected earnings growth rate of 69.2% for the current fiscal. The company’s shares have gained 119% in the past year. It currently sports a Zacks Rank #1.
Impala has an expected earnings growth rate of 186.9% for the current fiscal. The company’s shares have rallied around 148.9% in the past year. It currently sports a Zacks Rank #1.
Zacks Names “Single Best Pick to Double”
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
You know this company from its past glory days, but few would expect that it’s poised for a monster turnaround. Fresh from a successful repositioning and flush with A-list celeb endorsements, it could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in a little more than 9 months and Nvidia which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>