Ashtead Group (OTCMKTS:ASHTY) Rating Increased to Strong-Buy at Barclays

Ashtead Group (OTCMKTS:ASHTY) was upgraded by investment analysts at Barclays to a “strong-buy” rating in a research report issued on Thursday, Zacks.com reports.

Ashtead Group Trading Down 3.4 %

Shares of ASHTY opened at $270.52 on Thursday. The firm has a market cap of $29.57 billion, a price-to-earnings ratio of 18.23, a PEG ratio of 1.61 and a beta of 1.63. The company has a debt-to-equity ratio of 1.24, a quick ratio of 1.24 and a current ratio of 1.36. Ashtead Group has a fifty-two week low of $221.86 and a fifty-two week high of $316.06. The firm has a 50 day moving average price of $279.74 and a 200-day moving average price of $280.47.

Ashtead Group (OTCMKTS:ASHTY) last issued its earnings results on Tuesday, June 18th. The company reported $3.15 EPS for the quarter, missing the consensus estimate of $3.17 by ($0.02). Ashtead Group had a return on equity of 25.53% and a net margin of 15.61%. The firm had revenue of $2.63 billion during the quarter, compared to analysts’ expectations of $2.35 billion. As a group, equities research analysts forecast that Ashtead Group will post 15.67 earnings per share 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.