Ashtead Group PLC (OTCMKTS:ASHTY) Given Consensus Rating of “Hold” by Analysts

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

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

Ashtead Group Stock Performance

ASHTY stock opened at $254.61 on Tuesday. The business has a 50 day moving average of $254.61 and a 200 day moving average of $265.48. Ashtead Group has a twelve month low of $186.01 and a twelve month high of $310.30. The company has a quick ratio of 1.19, a current ratio of 1.28 and a debt-to-equity ratio of 1.04.

Ashtead Group (OTCMKTS:ASHTY) last released its earnings results on Tuesday, December 9th. The company reported $4.67 EPS for the quarter, topping the consensus estimate 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 the consensus estimate of $2.97 billion. Analysts predict 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.