Valuing 2 Stocks Using Ratios and Multiples: Myriad Genetics Inc. (MYGN), Ashland Global Holdings Inc. (ASH)

You should consider shares of Myriad Genetics Inc. (NASDAQ:MYGN) and Ashland Global Holdings Inc. (NYSE:ASH) if you are looking for a great stocks to invest in. Starting with the MYGN shares, which traded at $24.78 at the close of the recent session, dropping -1.63%. On Tuesday, the company’s shares shed -$0.41 from its value which represented in intraday trading. The stock is now -23.14% lower in year-to-date (YTD) trading. MYGN’s intraday high was $25.46 while its lowest price touched $24.5914. The stock’s 52-week high price is $48.40, which means the current price is at -48.80%. In terms of trading activity, the daily trading volume fell to 989209 against 200-day average trading volume of 1,128,022 shares.

What are analyst forecasts for Myriad Genetics Inc. (NASDAQ:MYGN)?

At a consensus rating of 2.63, MYGN is trending as a streaking Hold, as it has been the case a month ago when 8 analysts called it a Hold. Two months ago, 8 analysts recommended, on average, that MYGN stock is a Hold. The Services company’s shares’ overall bearish trend saw it close lower on Tuesday compared to its opening price of $25.29 on the day.

Forecasts for Myriad Genetics Inc. (NASDAQ:MYGN) give the stock a fair value for the growth of -12.64% from its last price. The 12-month price forecast for the stock by analysts puts the stock’s mean price target at $22.00, which means the price per share could fall by nearly -$2.78. The price range target is between a low of $18.00 and a high of $28.00. The stock would need to gain by about $11.5 to hit the estimated high or 0.81% from its 12-month low.

The consensus among 9 analysts is that it is a good time for one to Underweight in the Myriad Genetics Inc. 0 analysts rate MYGN as a Buy, with 2 of 9 analysts rate it as a Sell. 0 have valued the stock as Overweight and 5 have recommended that investors Hold.

Myriad Genetics Inc. (NASDAQ:MYGN) Upgrades and Downgrades

In terms of rating changes, BofA/Merrill on September 26, 2019, Downgrade Myriad Genetics Inc. (MYGN) at Underperform. They believe the stock could reach $28 in the near term. Analysts at Piper Jaffray have assigned a Neutral rating for the stock in their research note on August 14, 2019 with an estimated price target of $40. Moreover, BofA/Merrill analysts issued a rating of Neutral for the stock on August 02, 2019. On August 01, 2019, the stock earned a Equal Weight rating due to an analyst call from Barclays, while analysts from Needham on July 29, 2019 suggested that the stock is Hold.

Ashland Global Holdings Inc. (NYSE:ASH) adds $0.22 on Tuesday

The ASH stock has risen 1.20% year-to-date and is currently trading at $71.81, which is -13.86% below its 52-week high. The company shares gained 0.31% on the day and have risen nearly 10.59% off a low hit. At current levels, Ashland Global Holdings Inc. has a valuation of about $2.49B. As of 12/03/19, this stock has risen 0.01% during the week and closed at $71.59 in the previous session. However, recent Ashland Global Holdings Inc. stock performance shows that ASH shares are -7.95% down over the last month, and -2.31% down for the last three months.

Earnings per share (EPS) estimates for the current quarter are $0.12, with the trailing 12-month share earnings at $0.84. The ratio is expected to be up by 26.40% for the current year 2019 and 19.90% for next year. Over the next 5-year period, earnings per share will be 5.67%. But will the ASH stock surprise in the current quarter results, where the $0.77 actual EPS reported on 9/29/2019 surprised by -18.90% or was lower by -$0.18 from the estimated $0.95.

Sales Growth to climb 3.40% for the year

How well will Ashland Global Holdings Inc. perform as a business over the current quarter, year and next 5-year period? Compared to the year-ago quarter, analysts forecast the company to bring in between $530M and $565.46M in current quarter sales. The consensus estimated for the current quarter is $544.75M from sales. Forecasts for this fiscal year are between $2.4B and $2.56B and the consensus estimate for sales is at $2.47B.

Who owns shares in Ashland Global Holdings Inc. (ASH)?

Let’s briefly focus on the share ownership of the Ashland Global Holdings Inc. (NYSE:ASH) stock, where we find that 94.80% of shares are held by institutions. Blackrock Inc. tops the list of institutional owners as it is holding 5.7 million shares or 9.42% of shares outstanding. Vanguard Group, Inc. (The) and Eminence Capital, LP held 5.63 million and 5.22 million representing 9.31% and 8.63% respectively at the close of the last trading session. As of Sep 29, 2019, Neuberger Berman Group, LLC accounted for 2.24 million shares at over 172.9 million. This represented 3.71% of shares outstanding. Naya Capital Management Uk Ltd held 2.07 million shares at over 159.22 million representing 3.41% of shares outstanding.

ASH Insider Activity

Insider activity can also give a signal in terms of price direction. Looking at Ashland Global Holdings Inc. (ASH), a total of 18418 shares have been sold by insiders over the last 6 months while 67794 shares were added in the same time span. On 11/18/2019, Chief Executive Officer by the name Wulfsohn William A sold 15196.0 shares worth $1.2 million at the price of $78.65 per share. Filings also show that Musa Osama M bought a total of 6504.0 shares on 6/13/2019 valued at $520900.0. Since the last insider activity, the company’s share price has dropped -10.61%.