ASH Should I Buy
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Ashland Inc (ASH) is not a strong buy at the moment for a beginner investor with a long-term strategy. The company's financial performance is weak, with significant declines in revenue, net income, and EPS. While analysts have raised price targets recently, the stock's technical indicators and options data do not suggest a strong upward momentum. Given the investor's background and preference for long-term investments, it is better to hold off on buying this stock until there are clearer signs of financial recovery or stronger growth catalysts.
The MACD is negative and expanding downward, indicating bearish momentum. RSI is at 36.647, which is neutral but leaning towards oversold territory. Moving averages are converging, showing no clear trend. Key support levels are at 58.996, with resistance at 64.936. Overall, the technical indicators suggest a weak or uncertain trend.
The U.S. Environmental Protection Agency's approval of Ashland's agrimer™ eco-coat polymer seed coating could expand its market applications and drive future growth.
is down 1.54%, indicating a bearish sentiment.
In Q1 2026, Ashland's revenue dropped to $386 million (-4.69% YoY), net income fell to -$12 million (-92.73% YoY), and EPS decreased to -0.26 (-92.59% YoY). However, gross margin improved to 25.39%, up 6.01% YoY.
Analysts have mixed views. Recent upgrades include Deutsche Bank raising the price target to $70 with a Buy rating and UBS raising it to $73 with a Buy rating. However, JPMorgan lowered its target to $70 from $77 while maintaining an Overweight rating. Overall, analysts are cautiously optimistic but not overwhelmingly bullish.
