Ashtead Group’s (ASHTY) Hold Rating Reiterated at Berenberg Bank

Berenberg Bank reissued their hold rating on shares of Ashtead Group (OTCMKTS:ASHTY) in a research report report published on Wednesday, The Fly reports.

A number of other equities research analysts also recently issued reports on ASHTY. Royal Bank of Canada reaffirmed a sector perform rating on shares of Ashtead Group in a research report on Monday, June 28th. Barclays reissued an overweight rating on shares of Ashtead Group in a research report on Wednesday, June 16th. The Goldman Sachs Group restated a buy rating on shares of Ashtead Group in a research note on Thursday, July 1st. Morgan Stanley restated an equal weight rating on shares of Ashtead Group in a research note on Tuesday, July 20th. Finally, Deutsche Bank Aktiengesellschaft cut shares of Ashtead Group from a buy rating to a hold rating in a research note on Friday, June 11th. Seven equities research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of Hold and an average price target of $349.00.

Shares of OTCMKTS ASHTY opened at $324.04 on Wednesday. The company has a current ratio of 1.17, a quick ratio of 1.08 and a debt-to-equity ratio of 0.93. The firm’s 50-day moving average price is $313.18 and its 200-day moving average price is $285.30. The firm has a market capitalization of $36.24 billion, a P/E ratio of 39.57 and a beta of 1.71. Ashtead Group has a 1-year low of $140.90 and a 1-year high of $343.83.

Ashtead Group (OTCMKTS:ASHTY) last posted its earnings results on Tuesday, June 15th. The company reported $2.15 EPS for the quarter. The company had revenue of $1.76 billion during the quarter. Ashtead Group had a net margin of 13.86% and a return on equity of 24.00%. Equities research analysts forecast that Ashtead Group will post 11.4 EPS for the current year.

The business also recently disclosed a Semi-Annual dividend, which will be paid on Wednesday, October 6th. Stockholders of record on Friday, August 20th will be given a dividend of $1.893 per share. The ex-dividend date of this dividend is Thursday, August 19th. This is a boost from Ashtead Group’s previous Semi-Annual dividend of $1.69. Ashtead Group’s dividend payout ratio (DPR) is 43.36%.

Ashtead Group Company Profile

Ashtead Group Plc engages in the provision of equipment rental services. The company offers a full range of construction and industrial equipment used in lift, power, generate, move, dig, compact, drill, support, scrub, pump, direct, heat, and ventilate. It operates through the following segments: Sunbelt, A-Plant, Sunbelt Canada, and Corporate Items.

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Analyst Recommendations for Ashtead Group (OTCMKTS:ASHTY)

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