Jefferies Group Comments on Ashtead Group PLC’s FY2019 Earnings (ASHTY)

Ashtead Group PLC (OTCMKTS:ASHTY) – Equities research analysts at Jefferies Group upped their FY2019 earnings per share estimates for Ashtead Group in a research note issued on Tuesday. Jefferies Group analyst J. Jordan now anticipates that the company will post earnings per share of $7.50 for the year, up from their previous forecast of $6.77. Jefferies Group also issued estimates for Ashtead Group’s FY2020 earnings at $8.25 EPS.

Separately, Zacks Investment Research raised shares of Ashtead Group from a “hold” rating to a “buy” rating and set a $93.00 target price for the company in a research note on Monday, August 28th.

Ashtead Group (OTCMKTS ASHTY) traded down $0.90 on Thursday, hitting $105.05. 3,095 shares of the company were exchanged, compared to its average volume of 3,614. The company has a debt-to-equity ratio of 1.23, a quick ratio of 0.97 and a current ratio of 1.04. Ashtead Group has a 1-year low of $76.15 and a 1-year high of $108.39. The company has a market cap of $14,029.44, a PE ratio of 19.90 and a beta of 1.49.

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