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

Ashtead Group PLC (OTCMKTS:ASHTY) has earned an average recommendation of “Hold” from the six ratings firms that are currently covering the firm, Marketbeat reports. One equities research analyst has rated the stock with a sell recommendation, two have issued a hold recommendation and three have assigned a buy recommendation to the company.

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

Ashtead Group Stock Performance

OTCMKTS ASHTY opened at $254.61 on Friday. Ashtead Group has a 1-year low of $186.01 and a 1-year high of $310.30. The stock has a 50-day moving average of $254.68 and a 200-day moving average of $268.59. The company has a debt-to-equity ratio of 1.04, a current ratio of 1.28 and a quick ratio of 1.19.

Ashtead Group (OTCMKTS:ASHTY) last announced 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 20.77% and a net margin of 13.09%.The business had revenue of $2.96 billion for the quarter, compared to analysts’ expectations of $2.97 billion. Research analysts expect that Ashtead Group will post 15.51 earnings per share for the current fiscal 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.