Ashtead Group PLC (OTCMKTS:ASHTY) Given Average Recommendation of “Hold” by Brokerages

Shares of Ashtead Group PLC (OTCMKTS:ASHTY) have been given a consensus rating of “Hold” by the six research firms that are currently covering the company, Marketbeat Ratings reports. One research analyst has rated the stock with a sell rating, two have given a hold rating and three have given a buy rating to the company.

ASHTY has been the topic of several recent research reports. 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 upgraded shares of Ashtead Group from a “strong sell” rating to a “hold” rating in a report on Monday, January 5th.

Ashtead Group Price Performance

OTCMKTS:ASHTY opened at $254.61 on Monday. Ashtead Group has a fifty-two week low of $186.01 and a fifty-two week high of $310.30. The company’s 50-day simple moving average is $253.73 and its 200-day simple moving average is $269.68. The company has a debt-to-equity ratio of 1.04, a quick ratio of 1.19 and a current ratio of 1.28. The stock 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 issued its earnings results on Tuesday, December 9th. The company reported $4.67 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.55 by $0.12. The company had revenue of $2.96 billion during the quarter, compared to analyst estimates of $2.97 billion. Ashtead Group had a return on equity of 20.77% and a net margin of 13.09%. On average, equities analysts anticipate 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.