Ashtead Group plc (OTCMKTS:ASHTY - Get Free Report)'s stock price reached a new 52-week low during trading on Friday . The company 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 Analysts Forecast Growth
Several brokerages recently weighed in on ASHTY. Royal Bank of Canada upgraded Ashtead Group from a "hold" rating to a "moderate buy" rating in a research note on Tuesday, December 3rd. The Goldman Sachs Group downgraded 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 report on Wednesday, March 5th. One investment analyst has rated the stock with a hold rating, one has given a buy rating and two have issued a strong buy rating to the company's stock. According to MarketBeat, Ashtead Group currently has a consensus rating of "Buy".
Get Our Latest Stock Analysis on ASHTY
Ashtead Group Stock Performance
The company has a current ratio of 1.31, a quick ratio of 1.22 and a debt-to-equity ratio of 1.09. The stock has a market cap of $23.65 billion, a price-to-earnings ratio of 15.46, a P/E/G ratio of 1.49 and a beta of 1.77. The firm's 50-day moving average is $247.10 and its two-hundred day moving average is $276.93.
Ashtead Group (OTCMKTS:ASHTY - Get Free Report) last released its earnings results 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). 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 during the quarter, compared to analysts' expectations of $2.16 billion. As a group, sell-side analysts expect that Ashtead Group plc will post 15.51 earnings per share for the current year.
About Ashtead Group
(
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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.
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