Ashtead Group (OTCMKTS:ASHTY) Sets New 52-Week High – Still a Buy?

Ashtead Group plc (OTCMKTS:ASHTY) shares hit a new 52-week high during mid-day trading on Wednesday . The company traded as high as $329.31 and last traded at $328.63, with a volume of 10550 shares. The stock had previously closed at $314.10.

Analyst Upgrades and Downgrades

Several analysts have recently commented on the stock. Berenberg Bank upgraded shares of Ashtead Group to a “strong-buy” rating in a research report on Thursday, September 19th. Barclays upgraded Ashtead Group to a “strong-buy” rating in a report on Thursday, August 1st.

Ashtead Group Stock Up 4.8 %

The stock has a market cap of $36.00 billion, a price-to-earnings ratio of 23.24, a P/E/G ratio of 1.75 and a beta of 1.64. The company has a current ratio of 1.17, a quick ratio of 1.08 and a debt-to-equity ratio of 1.08. The firm’s 50 day moving average is $299.31 and its two-hundred day moving average is $288.96.

Ashtead Group (OTCMKTS:ASHTY) last posted its quarterly earnings data on Tuesday, September 3rd. The company reported $3.88 earnings per share for the quarter, beating analysts’ consensus estimates of $3.85 by $0.03. The business had revenue of $2.54 billion during the quarter, compared to analyst estimates of $2.74 billion. Ashtead Group had a net margin of 14.94% and a return on equity of 23.60%. On average, sell-side analysts predict that Ashtead Group plc will post 15.6 EPS for the current 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.