Ashtead Group (OTCMKTS:ASHTY) Sets New 12-Month Low – What’s Next?

Shares of Ashtead Group plc (OTCMKTS:ASHTY) hit a new 52-week low during trading on Friday . The stock traded as low as $222.22 and last traded at $222.50, with a volume of 9175 shares. The stock had previously closed at $227.85.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on ASHTY. Royal Bank of Canada raised shares of Ashtead Group from a “hold” rating to a “moderate buy” rating in a research report on Tuesday, December 3rd. The Goldman Sachs Group lowered Ashtead Group from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, December 10th. Finally, Morgan Stanley reiterated an “overweight” rating on shares of Ashtead Group in a report on Wednesday, March 5th. One equities research analyst has rated the stock with a hold rating, one has issued a buy rating and two have given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Ashtead Group has a consensus rating of “Buy”.

Ashtead Group Stock Down 2.3 %

The stock has a market cap of $24.14 billion, a price-to-earnings ratio of 15.77, a PEG ratio of 1.49 and a beta of 1.77. The company has a quick ratio of 1.22, a current ratio of 1.31 and a debt-to-equity ratio of 1.09. The business’s fifty day moving average is $249.94 and its two-hundred day moving average is $278.23.

Ashtead Group (OTCMKTS:ASHTY) last posted its quarterly earnings data on Tuesday, March 4th. The company reported $3.09 earnings per share for the quarter, missing analysts’ consensus estimates of $3.47 by ($0.38). The company had revenue of $2.38 billion for the quarter, compared to analysts’ expectations of $2.16 billion. Ashtead Group had a return on equity of 22.65% and a net margin of 14.78%. Equities analysts forecast that Ashtead Group plc will post 15.51 earnings per share for the current fiscal 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.