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

Shares of Ashtead Group PLC (OTCMKTS:ASHTY) have been assigned an average recommendation of “Hold” from the six brokerages that are covering the firm, Marketbeat.com reports. One investment analyst has rated the stock with a sell recommendation, two have assigned a hold recommendation and three have assigned a buy recommendation to the company.

ASHTY has been the subject of a number of recent analyst reports. Zacks Research upgraded Ashtead Group from a “strong sell” rating to a “hold” rating in a research note on Monday, January 5th. KeyCorp upgraded Ashtead Group from a “hold” rating to an “overweight” rating in a research note on Tuesday, December 16th. Finally, Morgan Stanley restated an “overweight” rating on shares of Ashtead Group in a research note on Tuesday, January 6th.

Ashtead Group Stock Performance

Ashtead Group stock opened at $254.61 on Monday. Ashtead Group has a 12-month low of $186.01 and a 12-month high of $310.30. The company has a quick ratio of 1.19, a current ratio of 1.28 and a debt-to-equity ratio of 1.04. The firm’s fifty day moving average price is $253.73 and its 200 day moving average price is $269.58.

Ashtead Group (OTCMKTS:ASHTY) last announced its earnings results on Tuesday, December 9th. The company reported $4.67 earnings per share for the quarter, beating the consensus estimate of $4.55 by $0.12. Ashtead Group had a return on equity of 20.77% and a net margin of 13.09%.The company had revenue of $2.96 billion during the quarter, compared to the consensus estimate of $2.97 billion. Analysts anticipate that Ashtead Group will post 15.51 earnings per share 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.