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

Shares of Ashtead Group PLC (OTCMKTS:ASHTY) have received an average rating of “Hold” from the six analysts that are currently covering the stock, MarketBeat reports. Two analysts have rated the stock with a sell recommendation, one has given a hold recommendation and three have issued a buy recommendation on the company.

A number of equities analysts have recently issued reports on ASHTY shares. KeyCorp upgraded Ashtead Group from a “hold” rating to an “overweight” rating in a research note on Tuesday, December 16th. BNP Paribas raised Ashtead Group from an “underperform” rating to an “outperform” rating in a report on Tuesday, September 16th. Jefferies Financial Group downgraded Ashtead Group from a “strong-buy” rating to a “hold” rating in a research note on Thursday, September 11th. Zacks Research lowered shares of Ashtead Group from a “hold” rating to a “strong sell” rating in a research report on Monday, October 27th. Finally, Royal Bank Of Canada cut shares of Ashtead Group from a “hold” rating to a “strong sell” rating in a research note on Friday, September 19th.

Ashtead Group Price Performance

ASHTY opened at $254.61 on Thursday. The firm has a 50 day moving average price of $258.52 and a 200-day moving average price of $269.19. Ashtead Group has a twelve month low of $186.01 and a twelve month 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 posted its earnings results on Tuesday, December 9th. The company reported $4.67 EPS for the quarter, topping analysts’ consensus estimates of $4.55 by $0.12. The business had revenue of $2.96 billion during 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%. As a group, equities research analysts predict that Ashtead Group will post 15.51 EPS for the current fiscal 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.