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

Shares of Ashtead Group PLC (OTCMKTS:ASHTY) have received a consensus rating of “Hold” from the six analysts that are presently covering the stock, MarketBeat.com reports. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and three have issued a buy rating on the company.

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

Ashtead Group Stock Performance

ASHTY opened at $254.61 on Friday. 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 has a 12-month low of $186.01 and a 12-month high of $310.30. The business has a 50 day moving average of $254.68 and a 200-day moving average of $268.36. The stock has a market cap of $26.64 billion and a price-to-earnings ratio of 19.26.

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 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 analyst estimates of $2.97 billion. On average, equities research analysts expect 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.