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

Ashtead Group PLC (OTCMKTS:ASHTY) has received a consensus rating of “Hold” from the six brokerages that are currently covering the company, Marketbeat reports. One analyst has rated the stock with a sell recommendation, two have given a hold recommendation and three have given a buy recommendation to the company.

A number of equities analysts have recently weighed in on the company. KeyCorp upgraded Ashtead Group from a “hold” rating to an “overweight” rating in a research note on Tuesday, December 16th. Morgan Stanley reaffirmed 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 report on Monday, January 5th.

Ashtead Group Stock Performance

OTCMKTS ASHTY opened at $254.61 on Monday. The stock has a market cap of $26.64 billion, a PE ratio of 19.26 and a beta of 1.78. The company has a debt-to-equity ratio of 1.04, a quick ratio of 1.19 and a current ratio of 1.28. The firm has a 50-day moving average of $253.91 and a 200-day moving average of $269.98. Ashtead Group has a 52-week low of $186.01 and a 52-week high of $310.30.

Ashtead Group (OTCMKTS:ASHTY) last released its quarterly 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. 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%. On average, sell-side analysts anticipate that Ashtead Group will post 15.51 EPS 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.