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

Ashtead Group PLC (OTCMKTS:ASHTY) has been assigned a consensus recommendation of “Hold” from the six brokerages that are covering the company, Marketbeat.com reports. Two equities research analysts have rated the stock with a sell recommendation, two have issued a hold recommendation and two have given a buy recommendation to the company.

ASHTY has been the subject of a number of analyst reports. Zacks Research cut Ashtead Group from a “hold” rating to a “strong sell” rating in a report on Monday, October 27th. BNP Paribas upgraded Ashtead Group from an “underperform” rating to an “outperform” rating in a report on Tuesday, September 16th. Royal Bank Of Canada cut Ashtead Group from a “hold” rating to a “strong sell” rating in a report on Friday, September 19th. Finally, Jefferies Financial Group cut Ashtead Group from a “strong-buy” rating to a “hold” rating in a report on Thursday, September 11th.

Ashtead Group Stock Down 2.0%

ASHTY opened at $255.53 on Wednesday. The firm has a 50 day moving average price of $283.79 and a 200 day moving average price of $262.07. The company has a market cap of $26.91 billion, a PE ratio of 18.72 and a beta of 1.74. Ashtead Group has a 1 year low of $186.01 and a 1 year high of $337.95. The company has a debt-to-equity ratio of 0.96, a quick ratio of 1.24 and a current ratio of 1.34.

Ashtead Group (OTCMKTS:ASHTY) last released its quarterly earnings results on Wednesday, September 3rd. The company reported $3.80 earnings per share for the quarter, missing analysts’ consensus estimates of $4.76 by ($0.96). The company had revenue of $2.80 billion during the quarter, compared to analysts’ expectations of $2.79 billion. Ashtead Group had a return on equity of 20.89% and a net margin of 13.68%. Sell-side analysts expect that Ashtead Group will post 15.51 earnings per share for the current year.

About Ashtead Group

Ashtead Group plc, together with its subsidiaries, engages in the construction, industrial, and general equipment rental business in the United States, the United Kingdom, and Canada. It provides pumps, power generation, heating, cooling, scaffolding, traffic management, temporary flooring, trench shoring, and lifting services.