Ashland (ASH) is a Top-Ranked Momentum Stock: Should You Buy?

Core Insights - Zacks Premium provides tools for investors to enhance their stock market strategies, including daily updates on Zacks Rank and Style Scores [1][4] - The Zacks Style Scores categorize stocks into Value, Growth, Momentum, and VGM Scores, helping investors identify stocks with the best potential for market outperformance [2][3] Zacks Style Scores - Value Score: Focuses on identifying undervalued stocks using financial ratios like P/E and Price/Sales [2] - Growth Score: Evaluates a company's financial health and future growth potential based on earnings and sales projections [2] - Momentum Score: Assesses stocks based on price trends and earnings estimate changes to identify favorable buying opportunities [2] - VGM Score: Combines the three Style Scores to highlight stocks with attractive value, growth, and momentum characteristics [3] Zacks Rank - The Zacks Rank is a proprietary model that uses earnings estimate revisions to guide investors in stock selection, with 1 (Strong Buy) stocks achieving an average annual return of +25.41% since 1988 [4] - Investors are encouraged to focus on stocks with a Zacks Rank of 1 or 2 and Style Scores of A or B for optimal returns [5] Company Spotlight: Ashland Global Holdings Inc. (ASH) - Ashland is a leading specialty chemicals company with a diverse portfolio serving various markets, including automotive and pharmaceuticals [6] - ASH currently holds a Zacks Rank of 3 (Hold) and a VGM Score of B, with a Momentum Style Score of A [6] - The stock has seen a 1.1% increase over the past four weeks, and earnings estimates for fiscal 2024 have been revised upwards by four analysts, increasing the consensus estimate by $0.14 to$4.47 per share [6][7]