In the past year, many analysts have looked with great skeptic | 🚀 Robin Rocket

In the past year, many analysts have looked with great skepticism at this company, which had been hit hard by the pandemic.

But now the opinion has changed in the opposite direction.

Ashland Global Holdings Inc., $ASH

Current price: $89.31
Target price: $95-97

Ashland Global Holdings is a manufacturer of a diverse range of industrial and specialty chemicals with facilities in over 100 countries around the world. Special materials, adhesives, various coatings are used in the food, automotive and energy industries.

The company is showing good earnings and free cash flow, with an annualized forecast for the fourth quarter to have the highest EBITDA in a full year.

This is fueling heightened expectations for fiscal 2022, especially as Ashland wants to increase its EBITDA to free cash flow conversion rate to 60% over the long term.

Analysts' consensus forecasts $110-118.

Not an investment recommendation.