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

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

A number of brokerages have commented on ASHTY. Zacks Research raised Ashtead Group from a “strong sell” rating to a “hold” rating in a research note on Monday, January 5th. Morgan Stanley reiterated an “overweight” rating on shares of Ashtead Group in a report on Tuesday, January 6th. Finally, KeyCorp upgraded shares of Ashtead Group from a “hold” rating to an “overweight” rating in a research note on Tuesday, December 16th.

Ashtead Group Price Performance

Shares of OTCMKTS ASHTY opened at $254.61 on Friday. The company’s fifty day simple moving average is $254.61 and its 200 day simple moving average is $267.96. Ashtead Group has a 12-month low of $186.01 and a 12-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 released its quarterly earnings data on Tuesday, December 9th. The company reported $4.67 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.55 by $0.12. Ashtead Group had a net margin of 13.09% and a return on equity of 20.77%. The company had revenue of $2.96 billion for the quarter, compared to analysts’ expectations of $2.97 billion. On average, equities analysts predict that Ashtead Group will post 15.51 EPS 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.