Ashtead Technology (AT) Share Price, News & Analysis

Company Overview

Ashtead Technology Holdings Plc provides subsea equipment rental solutions for the offshore energy sector in Europe, the Americas, the Asia-Pacific, and the Middle East. The company offers survey and robotics equipment comprising geophysical, hydrographic, metocean, land surveying, positioning, ROV sensors, non-destructive testing, subsea inspection, remote visual inspection, and environmental products. It also provides mechanical solutions, consisting of subsea cutting, coating removal and cleaning, subsea dredging, ROV and diver tooling, intervention skids, topside support, recovery tools, ancillary deck equipment, and fabrication solutions. In addition, the company offers asset integrity solutions, including imaging and inspection, oceanographic, marine growth removal, monitoring, mooring and riser inspection, environmental monitoring, offshore construction and life of asset monitoring, offshore wind foundation inspection, analysis, 3D imaging and metrology, and remote operations. It serves the renewables, oil and gas, and infrastructure and industrial markets. The company was formerly known as Redhill PLC and changed its name to Ashtead Technology Holdings Plc in November 2021. Ashtead Technology Holdings Plc was founded in 1985 and is headquartered in Westhill, the United Kingdom.

Key Stats

• Today's Range: 480 to 507
• 50-Day Range: 495 to 650
• 52-Week Range: 426 to 893
• Volume: 647,761 shs
• Average Volume: N/A
• Market Capitalization: £389.46 million
• P/E Ratio: 1,616.67
• Dividend Yield: 0.21%
• Price Target: GBX 830
• Consensus Rating: Buy

Ashtead Technology Stock Analysis - MarketRank™

Ashtead Technology scored higher than 31% of companies evaluated by MarketBeat. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 3.5 / 5
• Analyst Rating: Buy

Consensus Rating

Ashtead Technology has received a consensus rating of Buy. The company's average rating score is 3.00, and is based on 2 buy ratings, no hold ratings, and no sell ratings.

Amount of Analyst Coverage

Ashtead Technology has only been the subject of 2 research reports in the past 90 days.

Earnings and Valuation

• Score: 0.0 / 5
• Proj. Earnings Growth: N/A

Price to Earnings Ratio vs. the Market

The P/E ratio of Ashtead Technology is 1,616.67, which means that it is trading at a more expensive P/E ratio than the market average P/E ratio of about 127.28.

Price to Earnings Ratio vs. Sector

The P/E ratio of Ashtead Technology is 1,616.67, which means that it is trading at a more expensive P/E ratio than the Energy sector average P/E ratio of about 108.65.

Price to Book Value per Share Ratio

Ashtead Technology has a P/B Ratio of 3.51. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

Short Interest

• Score: N/A
• Short Interest Level: N/A

Short Interest

There is no current short interest data available for AT.

Dividend

• Score: 0.0 / 5
• Dividend Strength: Weak

Dividend Yield

Ashtead Technology has a dividend yield of 0.19%, which is in the bottom 25% of all stocks that pay dividends.

Dividend Growth

Ashtead Technology does not have a long track record of dividend growth.

Dividend Coverage

The dividend payout ratio of Ashtead Technology is 333.33%. Payout ratios above 75% are not desirable because they may not be sustainable.

Sustainability and ESG

• Score: N/A
• Environmental Score: N/A

Short Interest

There is no current short interest data available for AT.

News and Social Media

• Score: 1.1 / 5
• News Sentiment: N/A

News Coverage This Week

MarketBeat has tracked 1 news article for Ashtead Technology this week, compared to 1 article on an average week.

Search Interest

17 people have searched for AT on MarketBeat in the last 30 days. This is an increase of 6% compared to the previous 30 days.

MarketBeat Follows

2 people have added Ashtead Technology to their MarketBeat watchlist in the last 30 days.

Company Ownership

• Score: 1.7 / 5
• Insider Trading: N/A

Insider Buying vs. Insider Selling

In the past three months, Ashtead Technology insiders have not sold or bought any company stock.

Percentage Held by Insiders

Only 3.28% of the stock of Ashtead Technology is held by insiders.

Percentage Held by Institutions

75.91% of the stock of Ashtead Technology is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

AT Stock Analysis - Frequently Asked Questions

How have AT shares performed this year?

Ashtead Technology's stock was trading at GBX 614 on January 1st, 2024. Since then, AT shares have decreased by 21.0% and is now trading at GBX 485.
View the best growth stocks for 2024 here.

How do I buy shares of Ashtead Technology?

Shares of AT stock and other U.K. stocks can be purchased through online brokerage accounts that support trading on the London Stock Exchange (LSX). Some U.K. companies can be purchased through major U.S. brokerages in the form of American Depository Receipts (ADRs), which are placeholder equities held in a trust by a bank that represent shares of a foreign stock.
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What other stocks do shareholders of Ashtead Technology own?

Based on aggregate information from My MarketBeat watchlists, some other companies that Ashtead Technology investors own include Oxford Biomedica (OXB), AutoZone (AZO), GSK (GSK), Intel (INTC), Oxford Instruments (OXIG), Phoenix Group (PHNX) and Prudential (PRU).

Industry, Sector and Symbol

• Stock Exchange: LON
• Sector: Energy
• Industry: Oil & Gas Equipment & Services
• Sub-Industry: Utilities
• Current Symbol: LON:AT
• CUSIP: N/A
• CIK: N/A
• Web: www.ashtead-technology.com
• Phone: 44 1224 771 888
• Fax: N/A
• Employees: 559
• Year Founded: N/A

Price Target and Rating

• Average Stock Price Target: GBX 830
• High Stock Price Target: GBX 860
• Low Stock Price Target: GBX 800
• Potential Upside/Downside: +71.1%
• Consensus Rating: Buy
• Rating Score (0-4): 3.00
• Research Coverage: 2 Analysts

Profitability

• EPS (Most Recent Fiscal Year): GBX 0.30
• Trailing P/E Ratio: 1,616.67
• Forward P/E Ratio: 11.33
• P/E Growth: N/A
• Net Income: £24.52 million
• Net Margins: 17.38%
• Pretax Margin: N/A
• Return on Equity: 25.05%
• Return on Assets: 13.14%

Debt

• Debt-to-Equity Ratio: 70.83
• Current Ratio: 1.82
• Quick Ratio: 1.46

Sales & Book Value

• Annual Sales: £141.07 million
• Price / Sales: 2.76
• Cash Flow: GBX 8.19 per share
• Price / Cash Flow: 59.20
• Book Value: GBX 138 per share
• Price / Book: 3.51

Miscellaneous

• Outstanding Shares: 80,300,000
• Free Float: N/A
• Market Cap: £389.46 million
• Optionable: Not Optionable
• Beta: 0.28