Ashtead Group (OTCMKTS:ASHTY) Hits New 12-Month Low – Here’s What Happened

Ashtead Group plc (OTCMKTS:ASHTY) reached a new 52-week low during trading on Thursday . The company traded as low as $214.13 and last traded at $219.20, with a volume of 11610 shares. The stock had previously closed at $218.17.

Analyst Upgrades and Downgrades

Several research analysts recently commented on ASHTY shares. Morgan Stanley reaffirmed an “overweight” rating on shares of Ashtead Group in a research note on Wednesday, March 5th. The Goldman Sachs Group downgraded shares of Ashtead Group from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, December 10th. One investment analyst has rated the stock with a hold rating, one has given a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Buy”.

Ashtead Group Price Performance

The firm has a fifty day moving average of $246.07 and a two-hundred day moving average of $276.52. The stock has a market capitalization of $23.76 billion, a P/E ratio of 15.54, a P/E/G ratio of 1.49 and a beta of 1.77. The company has a debt-to-equity ratio of 1.09, a current ratio of 1.31 and a quick ratio of 1.22.

Ashtead Group (OTCMKTS:ASHTY) last posted its quarterly earnings results on Tuesday, March 4th. The company reported $3.09 EPS for the quarter, missing the consensus estimate of $3.47 by ($0.38). Ashtead Group had a net margin of 14.78% and a return on equity of 22.65%. The business had revenue of $2.38 billion during the quarter, compared to the consensus estimate of $2.16 billion. On average, analysts predict that Ashtead Group plc will post 15.51 EPS for the current year.

Ashtead Group Company Profile

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.