Ashtead Group plc (OTCMKTS:ASHTY - Get Free Report)'s stock price passed below its 50 day moving average during trading on Thursday . The stock has a 50 day moving average of $251.85 and traded as low as $227.79. Ashtead Group shares last traded at $230.74, with a volume of 10,810 shares traded.
Analysts Set New Price Targets
A number of equities research analysts recently issued reports on the stock. Morgan Stanley reissued an "overweight" rating on shares of Ashtead Group in a report on Wednesday, March 5th. Royal Bank of Canada upgraded Ashtead Group from a "hold" rating to a "moderate buy" rating in a report on Tuesday, December 3rd. Finally, 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. One investment analyst has rated the stock with a hold rating, one has issued a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Buy".
Get Our Latest Research Report on Ashtead Group
Ashtead Group Price Performance
The company has a market capitalization of $25.31 billion, a PE ratio of 16.51, a P/E/G ratio of 1.49 and a beta of 1.77. The company's 50-day simple moving average is $251.55 and its 200-day simple moving average is $279.60. The company has a debt-to-equity ratio of 1.09, a quick ratio of 1.22 and a current ratio of 1.31.
Ashtead Group (OTCMKTS:ASHTY - Get Free Report) last posted 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 company had revenue of $2.38 billion for the quarter, compared to analysts' expectations of $2.16 billion. As a group, sell-side analysts anticipate 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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