Ashtead Group PLC (OTCMKTS:ASHTY) Receives Consensus Recommendation of “Hold” from Analysts

Shares of Ashtead Group PLC (OTCMKTS:ASHTY) have been given an average recommendation of “Hold” by the six ratings firms that are presently covering the firm, MarketBeat reports. Two investment 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 equities analysts have issued reports on the company. Jefferies Financial Group lowered Ashtead Group from a “strong-buy” rating to a “hold” rating in a report on Thursday, September 11th. BNP Paribas raised shares of Ashtead Group from an “underperform” rating to an “outperform” rating in a research report on Tuesday, September 16th. KeyCorp raised shares of Ashtead Group from a “hold” rating to an “overweight” rating in a report on Tuesday, December 16th. Royal Bank Of Canada downgraded Ashtead Group from a “hold” rating to a “strong sell” rating in a research note on Friday, September 19th. Finally, Zacks Research cut Ashtead Group from a “hold” rating to a “strong sell” rating in a research report on Monday, October 27th.

Ashtead Group Price 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 quick ratio of 1.24, a current ratio of 1.34 and a debt-to-equity ratio of 0.96. The stock has a 50-day simple moving average of $260.68 and a 200-day simple moving average of $268.55.

Ashtead Group (OTCMKTS:ASHTY) last posted its earnings results on Tuesday, December 9th. The company reported $4.67 earnings per share for the quarter, topping the consensus estimate of $4.55 by $0.12. The firm had revenue of $2.96 billion during the quarter, compared to analysts’ expectations of $2.97 billion. Ashtead Group had a return on equity of 20.60% and a net margin of 13.09%. On average, equities analysts forecast that Ashtead Group will post 15.51 earnings per share for the current 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.