Ashtead Group PLC (OTCMKTS:ASHTY) Receives Average Recommendation of “Hold” from Brokerages

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

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

Ashtead Group Price Performance

Shares of OTCMKTS:ASHTY opened at $254.61 on Tuesday. The firm has a fifty day simple moving average of $254.61 and a two-hundred day simple moving average of $265.04. Ashtead Group has a 52 week low of $186.01 and a 52 week high of $310.30. The company has a debt-to-equity ratio of 1.04, a current ratio of 1.28 and a quick ratio of 1.19.

Ashtead Group (OTCMKTS:ASHTY) last announced its earnings results on Tuesday, December 9th. The company reported $4.67 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.55 by $0.12. The firm had revenue of $2.96 billion for the quarter, compared to analysts’ expectations of $2.97 billion. Ashtead Group had a net margin of 13.09% and a return on equity of 20.77%. As a group, sell-side analysts predict that Ashtead Group will post 15.51 earnings per share for the current 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.