Shares of Ashtead Group plc (OTCMKTS:ASHTY - Get Free Report) passed below its 50 day moving average during trading on Thursday . The stock has a 50 day moving average of $234.80 and traded as low as $198.55. Ashtead Group shares last traded at $206.30, with a volume of 25,789 shares trading hands.
Analysts Set New Price Targets
Separately, Morgan Stanley restated an "overweight" rating on shares of Ashtead Group in a research report on Wednesday, March 5th. One 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 stock. According to data from MarketBeat.com, the stock presently has an average rating of "Buy".
Check Out Our Latest Stock Analysis on Ashtead Group
Ashtead Group Price Performance
The firm has a market capitalization of $22.72 billion, a P/E ratio of 14.86, a P/E/G ratio of 1.49 and a beta of 1.69. The stock's 50 day simple moving average is $233.16 and its 200 day simple moving average is $269.65. 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 issued its earnings results on Tuesday, March 4th. The company reported $3.09 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.47 by ($0.38). Ashtead Group had a return on equity of 22.65% and a net margin of 14.78%. The business had revenue of $2.38 billion for the quarter, compared to the consensus estimate of $2.16 billion. As a group, analysts expect that Ashtead Group plc will post 15.51 earnings per share for the current fiscal year.
About Ashtead Group
(
Get Free Report)
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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