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ASHLAND INC.

(ASH)
  Report
Delayed Nyse  -  04:00 2022-09-23 pm EDT
97.12 USD   +0.09%
09/23Stifel Adjusts Ashland's Price Target to $148 From $143, Maintains Buy Rating
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09/22Swiss-Based AOG Funded Joint Accounts With Nigerian Politicians, Others
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09/21Ashland to Raise Product Prices up to 15%
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Ashland completes sale of land located in Ajax, Canada to Sunray Group of Hotels Inc, for CAD $12.25 million

08/08/2022 | 10:00pm EDT

WILMINGTON, Del., Aug. 08, 2022 (GLOBE NEWSWIRE) -- Ashland, Inc. (NYSE: ASH) today announced it has completed the sale of approximately six acres of land located in Ajax, Canada to Sunray Group of Hotels Inc., a leading real estate developer with a significant portfolio across Canada, in a transaction of (CAD) $12.25 million, with net proceeds of (CAD) $9.2 million.  

As previously communicated, Ashland is selling unutilized land to fund the newly established environmental trust.

“We are continuing to execute our plan to sell valuable land that is not being utilized by the company, and we will place the proceeds in an environmental trust,” said Guillermo Novo, chair and chief executive officer, Ashland. “Our environmental trust is an integral part of our core values and strategy and a clear example of our environment, social and governance (ESG) commitment.”

About Ashland 
Ashland, Inc. (NYSE: ASH) is a global additives and specialty ingredients company with a conscious and proactive mindset for sustainability. The company serves customers in a wide range of consumer and industrial markets, including architectural coatings, automotive, construction, energy, food and beverage, nutraceuticals, personal care and pharmaceutical. Approximately 3,800 passionate, tenacious solvers – from renowned scientists and research chemists to talented engineers and plant operators – thrive on developing practical, innovative and elegant solutions to complex problems for customers in more than 100 countries. Visit Ashland at ashland.com and ashland.com/sustainability to learn more. 

™ Trademark, Ashland or its subsidiaries, registered in various countries.

FOR FURTHER INFORMATION:

Investor Relations:Media Relations:
Seth A. MrozekCarolmarie C. Brown
+1 (302) 594-5010+1 (302) 995-3158
samrozek@ashland.comccbrown@ashland.com

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Source: Ashland Global Holdings Inc.

2022 GlobeNewswire, Inc., source Press Releases

All news about ASHLAND INC.
09/23Stifel Adjusts Ashland's Price Target to $148 From $143, Maintains Buy Rating
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09/22Swiss-Based AOG Funded Joint Accounts With Nigerian Politicians, Others
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09/21Ashland to Raise Product Prices up to 15%
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Analyst Recommendations on ASHLAND INC.
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Financials (USD)
Sales 2022 2 386 M - -
Net income 2022 912 M - -
Net Debt 2022 611 M - -
P/E ratio 2022 6,00x
Yield 2022 1,34%
Capitalization 5 258 M 5 258 M -
EV / Sales 2022 2,46x
EV / Sales 2023 2,38x
Nbr of Employees 3 800
Free-Float 99,6%
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Technical analysis trends ASHLAND INC.
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Income Statement Evolution
Consensus
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Mean consensus BUY
Number of Analysts 13
Last Close Price 97,12 $
Average target price 124,00 $
Spread / Average Target 27,7%
EPS Revisions
Managers and Directors
Guillermo Novo Chairman & Chief Executive Officer
J. Kevin Willis Chief Financial Officer & Senior Vice President
Osama M. Musa Chief Technology Officer & Senior Vice President
Brendan Matthew Cummins Independent Director
William G. Dempsey Independent Director
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