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

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

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

Ashtead Group Stock Performance

Shares of ASHTY opened at $254.61 on Monday. The business’s 50-day moving average is $253.74 and its 200-day moving average is $269.73. The company has a current ratio of 1.28, a quick ratio of 1.19 and a debt-to-equity ratio of 1.04. Ashtead Group has a fifty-two week low of $186.01 and a fifty-two week high of $310.30.

Ashtead Group (OTCMKTS:ASHTY) last announced its quarterly earnings data on Tuesday, December 9th. The company reported $4.67 EPS for the quarter, beating analysts’ consensus estimates of $4.55 by $0.12. The firm had revenue of $2.96 billion for the quarter, compared to the consensus estimate of $2.97 billion. Ashtead Group had a net margin of 13.09% and a return on equity of 20.77%. On average, analysts anticipate 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.