Ashtead Group plc (OTCMKTS:ASHTY) Short Interest Update

Ashtead Group plc (OTCMKTS:ASHTY) was the recipient of a significant growth in short interest in the month of March. As of March 15th, there was short interest totalling 4,900 shares, a growth of 1,125.0% from the February 28th total of 400 shares. Based on an average trading volume of 83,800 shares, the short-interest ratio is currently 0.1 days. Approximately 0.0% of the shares of the company are short sold.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on the stock. 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. Morgan Stanley reissued an “overweight” rating on shares of Ashtead Group in a report on Wednesday, March 5th. Finally, Royal Bank of Canada upgraded shares of Ashtead Group from a “hold” rating to a “moderate buy” rating in a report on Tuesday, December 3rd. 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 stock. Based on data from MarketBeat, the stock presently has an average rating of “Buy”.

Ashtead Group Stock Down 2.1 %

ASHTY opened at $227.42 on Thursday. The firm has a 50 day moving average price of $250.52 and a 200-day moving average price of $278.59. The stock has a market capitalization of $24.70 billion, a price-to-earnings ratio of 16.12, a PEG ratio of 1.49 and a beta of 1.77. Ashtead Group has a twelve month low of $222.43 and a twelve month high of $337.95. The company has a quick ratio of 1.22, a current ratio of 1.31 and a debt-to-equity ratio of 1.09.

Ashtead Group (OTCMKTS:ASHTY) last announced its quarterly earnings data 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 firm had revenue of $2.38 billion for the quarter, compared to the consensus estimate of $2.16 billion. Equities research analysts forecast that Ashtead Group 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.