Posted by admin on May 13th, 2022
Zacks Investment Research upgraded shares of Ashtead Group (OTCMKTS:ASHTY – Get Rating) from a hold rating to a buy rating in a research note issued to investors on Thursday, Zacks.com reports. They currently have $210.00 price objective on the stock.
According to Zacks, “Ashtead Group Plc is an equipment company which provides rental solutions primarily in United States and United Kingdom. The company’s operating segments consists of Sunbelt Rentals and A-Plant. Sunbelt Rentals provides pump and power, climate control and scaffolding services. A-Plant business operates through Eve Trakway Limited, which constructs temporary roadways and barriers; PSS, which offers trenchless technology and fusion services and FLG services. Ashtead Group Plc is headquartered in London, the United Kingdom. “
Several other research analysts also recently issued reports on the stock. JPMorgan Chase & Co. reduced their price target on shares of Ashtead Group from GBX 6,500 ($80.14) to GBX 6,100 ($75.21) in a research report on Tuesday. Deutsche Bank Aktiengesellschaft reduced their price target on shares of Ashtead Group from GBX 5,230 ($64.48) to GBX 4,770 ($58.81) in a research report on Wednesday, April 13th. Peel Hunt upgraded shares of Ashtead Group to a hold rating in a research report on Tuesday, March 15th. Exane BNP Paribas upgraded shares of Ashtead Group from a neutral rating to an outperform rating and set a GBX 6,000 ($73.97) price target on the stock in a research report on Thursday, March 17th. Finally, Royal Bank of Canada upgraded shares of Ashtead Group from a sector perform rating to an outperform rating in a research report on Wednesday. Four analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. Based on data from MarketBeat.com, Ashtead Group has an average rating of Buy and a consensus target price of $4,406.00.
ASHTY stock traded up $0.89 on Thursday, reaching $188.75. 24,948 shares of the company were exchanged, compared to its average volume of 13,398. Ashtead Group has a 12 month low of $184.12 and a 12 month high of $349.69. The stock’s fifty day moving average price is $244.66 and its 200 day moving average price is $287.94. The firm has a market capitalization of $20.93 billion, a PE ratio of 16.29 and a beta of 1.70. The company has a debt-to-equity ratio of 1.02, a current ratio of 1.29 and a quick ratio of 1.18.
Ashtead Group (OTCMKTS:ASHTY – Get Rating) last posted its earnings results on Tuesday, March 8th. The company reported $2.90 earnings per share for the quarter. Ashtead Group had a net margin of 15.46% and a return on equity of 27.56%. The business had revenue of $2 billion for the quarter. As a group, research analysts expect that Ashtead Group will post 11.94 EPS for the current fiscal year.
About Ashtead Group (Get Rating)
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 offers range of products and services, such as general tools, air compressors and accessories, compaction and earth moving, climate control services, power and HVAC, pump solutions, remediation and restoration, flooring solutions, and lighting and grip.
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