Ashtead Group (OTCMKTS:ASHTY) Sets New 12-Month Low – Here’s Why

Ashtead Group plc (OTCMKTS:ASHTY)’s stock price reached a new 52-week low during trading on Friday . The stock traded as low as $222.22 and last traded at $222.50, with a volume of 9175 shares trading hands. The stock had previously closed at $227.85.

Wall Street Analyst Weigh In

ASHTY has been the subject of a number of recent analyst reports. Royal Bank of Canada raised Ashtead Group from a “hold” rating to a “moderate buy” rating in a report on Tuesday, December 3rd. The Goldman Sachs Group cut Ashtead Group from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, December 10th. Finally, Morgan Stanley reiterated an “overweight” rating on shares of Ashtead Group in a research note on Wednesday, March 5th. One analyst has rated the stock with a hold rating, one has assigned a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Buy”.

Ashtead Group Stock Down 2.3 %

The stock has a market cap of $24.14 billion, a PE ratio of 15.77, a P/E/G ratio of 1.49 and a beta of 1.77. The business has a 50 day moving average of $249.14 and a 200-day moving average of $277.82. The company has a current ratio of 1.31, a quick ratio of 1.22 and a debt-to-equity ratio of 1.09.

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