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

Shares of Ashtead Group plc (OTCMKTS:ASHTY) hit a new 52-week low 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 equities analysts have recently issued reports on the stock. Morgan Stanley restated an “overweight” rating on shares of Ashtead Group in a report on Wednesday, March 5th. The Goldman Sachs Group cut shares of Ashtead Group from a “strong-buy” rating to a “hold” rating in a report on Tuesday, December 10th. One equities research analyst has rated the stock with a hold rating, one has assigned a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat.com, Ashtead Group currently has a consensus rating of “Buy”.

Ashtead Group Stock Up 0.5 %

The firm has a market capitalization of $23.76 billion, a price-to-earnings ratio of 15.54, a price-to-earnings-growth 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. The business has a fifty day moving average price of $246.07 and a two-hundred day moving average price of $276.52.

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