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

Shares of Ashtead Group PLC (OTCMKTS:ASHTY) have been assigned an average recommendation of “Hold” from the six research firms that are currently covering the company, MarketBeat Ratings reports. Two analysts have rated the stock with a sell rating, one has issued a hold rating and three have assigned a buy rating to the company.

Several analysts have recently commented on ASHTY shares. Royal Bank Of Canada cut Ashtead Group from a “hold” rating to a “strong sell” rating in a report on Friday, September 19th. Zacks Research downgraded shares of Ashtead Group from a “hold” rating to a “strong sell” rating in a research report on Monday, October 27th. Jefferies Financial Group cut shares of Ashtead Group from a “strong-buy” rating to a “hold” rating in a research report on Thursday, September 11th. KeyCorp raised shares of Ashtead Group from a “hold” rating to an “overweight” rating in a research note on Tuesday, December 16th. Finally, BNP Paribas upgraded shares of Ashtead Group from an “underperform” rating to an “outperform” rating in a research report on Tuesday, September 16th.

Ashtead Group Stock Performance

OTCMKTS ASHTY opened at $254.61 on Thursday. Ashtead Group has a 1-year low of $186.01 and a 1-year high of $310.30. The company has a 50 day moving average of $259.24 and a 200-day moving average of $268.82. The company has a quick ratio of 1.24, a current ratio of 1.34 and a debt-to-equity ratio of 0.96.

Ashtead Group (OTCMKTS:ASHTY) last released its quarterly earnings results on Tuesday, December 9th. The company reported $4.67 EPS for the quarter, topping analysts’ consensus estimates of $4.55 by $0.12. Ashtead Group had a return on equity of 20.60% and a net margin of 13.09%.The business had revenue of $2.96 billion for the quarter, compared to analyst estimates of $2.97 billion. As a group, analysts expect that Ashtead Group will post 15.51 earnings per share for the current year.

About Ashtead Group

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.