Ashtead Group PLC (OTCMKTS:ASHTY) Receives Average Rating of “Hold” from Brokerages

Ashtead Group PLC (OTCMKTS:ASHTY) has been given an average rating of “Hold” by the six research firms that are presently covering the firm, MarketBeat.com reports. One investment analyst has rated the stock with a sell rating, two have given a hold rating and three have issued a buy rating on the company.

A number of research analysts recently commented on the company. Morgan Stanley reaffirmed an “overweight” rating on shares of Ashtead Group in a research note on Tuesday, January 6th. KeyCorp upgraded shares of Ashtead Group from a “hold” rating to an “overweight” rating in a research report on Tuesday, December 16th. Finally, Zacks Research raised shares of Ashtead Group from a “strong sell” rating to a “hold” rating in a report on Monday, January 5th.

Ashtead Group Stock Performance

Shares of OTCMKTS:ASHTY opened at $254.61 on Monday. The business’s 50 day simple moving average is $253.91 and its 200 day simple moving average is $269.98. Ashtead Group has a 1 year low of $186.01 and a 1 year high of $310.30. The company has a debt-to-equity ratio of 1.04, a current ratio of 1.28 and a quick ratio of 1.19. The company has a market capitalization of $26.64 billion, a P/E ratio of 19.26 and a beta of 1.78.

Ashtead Group (OTCMKTS:ASHTY) last announced its quarterly earnings data on Tuesday, December 9th. The company reported $4.67 earnings per share for the quarter, beating the consensus estimate of $4.55 by $0.12. The firm had revenue of $2.96 billion during the quarter, compared to analysts’ expectations of $2.97 billion. Ashtead Group had a return on equity of 20.77% and a net margin of 13.09%. On average, research analysts anticipate that Ashtead Group will post 15.51 EPS for the current fiscal year.

Ashtead Group Company Profile

Ashtead Group plc is a multinational equipment rental company that provides a broad range of rental solutions to construction, industrial, infrastructure and specialty markets. The business supplies temporary access, earthmoving, material handling, power and climate control equipment, tools and ancillaries to contractors, facilities managers and industrial customers. Its model emphasizes short- and long-term equipment hire as an alternative to capital ownership, supported by logistics, maintenance and on-site support to keep customer projects running.

The company’s product and service offering spans general-purpose and specialist equipment categories, including aerial work platforms, excavators and skid steers, generators and power distribution, HVAC and dewatering solutions, and hand and power tools.