OTCMKTS:ASHTY

Ashtead Group - ASHTY Stock Forecast, Price & News

$242.28

+4.03 (+1.69%)

(As of 03/30/2023 04:09 PM ET)

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Today's Range: $242.25
▼
$245.00
50-Day Range: $235.00
▼
$281.69
52-Week Range: $161.67
▼
$285.00

Volume: 7,860 shs
Average Volume: 5,860 shs
Market Capitalization: $26.57 billion

P/E Ratio: 17.12
Dividend Yield: 0.45%
Price Target: $400.00

Ashtead Group MarketRank™ Forecast

Analyst Rating: Moderate Buy
2.75 Rating Score
Upside/Downside: 1,733.0% Upside
$4,367.20 Price Target
Short Interest: Healthy
0.00% of Shares Sold Short
Dividend Strength: Weak
Based on Four Factors
Sustainability: N/A
News Sentiment: 0.36
Based on 4 Articles This Week
Insider Trading: N/A
Proj. Earnings Growth: 17.43%
From $15.03 to $17.65 Per Share

Overall MarketRank^™

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.97 out of 5 stars

3.4

Analyst's Opinion

Consensus Rating
Ashtead Group has received a consensus rating of Buy. The company's average rating score is 2.75, and is based on 3 buy ratings, 1 hold rating, and no sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $4,367.20, Ashtead Group has a forecasted upside of 1,733.0% from its current price of $238.25.
Amount of Analyst Coverage
Ashtead Group has only been the subject of 1 research reports in the past 90 days.

5.0

Short Interest

Percentage of Shares Shorted
0.00% of the outstanding shares of Ashtead Group have been sold short.
Short Interest Ratio / Days to Cover
Ashtead Group has a short interest ratio ("days to cover") of 0.4, which is generally considered an acceptable ratio of short interest to trading volume.
Change versus previous month
Short interest in Ashtead Group has recently decreased by 75.73%, indicating that investor sentiment is improving significantly.

1.7

Dividend Strength

Dividend Yield
Ashtead Group has a dividend yield of 0.46%, which is in the bottom 25% of all stocks that pay dividends.
Dividend Growth
Ashtead Group does not have a long track record of dividend growth.
Dividend Coverage
The dividend payout ratio of Ashtead Group is 7.63%. This payout ratio is at a healthy, sustainable level, below 75%.
Dividend Sustainability
Based on earnings estimates, Ashtead Group will have a dividend payout ratio of 6.12% next year. This indicates that Ashtead Group will be able to sustain or increase its dividend.

N/A

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
There is no current Upright™ data available for ASHTY.

2.4

News and Social Media Coverage

News Sentiment
Ashtead Group has a news sentiment score of 0.36. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a lower news sentiment than the 0.63 average news sentiment score of Industrial Products companies.
News Coverage This Week
MarketBeat has tracked 4 news articles for Ashtead Group this week, compared to 1 article on an average week.
MarketBeat Follows
1 people have added Ashtead Group to their MarketBeat watchlist in the last 30 days.

0.0

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Ashtead Group insiders have not sold or bought any company stock.
Percentage Held by Institutions
Only 0.43% of the stock of Ashtead Group is held by institutions.

3.8

Earnings and Valuation

Earnings Growth
Earnings for Ashtead Group are expected to grow by 17.43% in the coming year, from $15.03 to $17.65 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Ashtead Group is 16.84, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 125.82.
Price to Earnings Ratio vs. Sector
The P/E ratio of Ashtead Group is 16.84, which means that it is trading at a more expensive P/E ratio than the Industrial Products sector average P/E ratio of about 16.50.
Price to Earnings Growth Ratio
Ashtead Group has a PEG Ratio of 0.82. PEG Ratios below 1 indicate that a company could be undervalued.
Price to Book Value per Share Ratio
Ashtead Group has a P/B Ratio of 5.24. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

See Top Rated MarketRank™ Stocks Here

About Ashtead Group (OTCMKTS:ASHTY) Stock

Ashtead Group Plc engages in the provision of equipment rental services. The company offers a full range of construction and industrial equipment. Its specialty product range includes equipment types such as pumps, power generation, heating, cooling, scaffolding, traffic management, temporary flooring, trench shoring, and lifting services. It operates through the following segments: Sunbelt, A-Plant, Sunbelt Canada, and Corporate Items. The Sunbelt segment focuses on North America operations. The A-Plant segment refers to services provided in the United Kingdom. The company was founded by Peter Donald Lewis and George Burnett on April 11, 1984 and is headquartered in London, the United Kingdom.

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ASHTY Stock News Headlines

March 29, 2023 | finance.yahoo.com

3 Industrial Services Stocks to Buy in the Flourishing Industry

March 24, 2023 | finance.yahoo.com

Are Industrial Products Stocks Lagging Terex (TEX) This Year?

March 30, 2023 | WealthPop (Ad)

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March 24, 2023 | finance.yahoo.com

Are Industrial Products Stocks Lagging Terex (TEX) This Year?

March 7, 2023 | finance.yahoo.com

Ashtead lifts profit forecast as US business surges

March 7, 2023 | finance.yahoo.com

Equipment rental firm Ashtead hikes capital spend on U.S. mega projects

March 7, 2023 | finance.yahoo.com

UPDATE 1-Equipment rental firm Ashtead hikes capital spend on U.S. mega projects

March 1, 2023 | finance.yahoo.com

SIEGY vs. ASHTY: Which Stock Is the Better Value Option?

March 30, 2023 | Weiss Ratings (Ad)

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January 4, 2023 | msn.com

Ashtead Group plc declares $0.55 dividend

December 6, 2022 | uk.finance.yahoo.com

FTSE and European stocks struggle as Fed rate rise speculation hits

December 6, 2022 | uk.finance.yahoo.com

FTSE 100: Ashtead Group reports 26% rise in revenue in half-year results

November 28, 2022 | finance.yahoo.com

HDSN or ASHTY: Which Is the Better Value Stock Right Now?

November 11, 2022 | finance.yahoo.com

Should You Be Impressed By Ashtead Group plc's (LON:AHT) ROE?

September 12, 2022 | finance.yahoo.com

Ashtead Group (LON:AHT) Has More To Do To Multiply In Value Going Forward

September 6, 2022 | uk.finance.yahoo.com

FTSE 100: Ashtead Group revenue jumps 25% to $2.25bn

August 17, 2022 | finance.yahoo.com

Should You Be Adding Ashtead Group (LON:AHT) To Your Watchlist Today?

July 6, 2022 | uk.finance.yahoo.com

ASHTEAD GROUP PLC - Director/PDMR Shareholding

June 14, 2022 | finance.yahoo.com

Ashtead benefits as supply constraints boost rental market

May 1, 2022 | finance.yahoo.com

Ashtead Group (LON:AHT) sheds 9.9% this week, as yearly returns fall more in line with earnings growth

February 18, 2022 | finance.yahoo.com

Here is Why Growth Investors Should Buy Ashtead Group PLC (ASHTY) Now

December 15, 2021 | finance.yahoo.com

Ashtead Group plc (LON:AHT) Stock's Been Sliding But Fundamentals Look Decent: Will The Market Correct The Share Price In The Future?

December 7, 2021 | finance.yahoo.com

London’s Hottest Blue-Chip Stock of 2021 Is Decidedly Low Tech

October 28, 2021 | finance.yahoo.com

Here's Why Momentum in Ashtead Group PLC (ASHTY) Should Keep going

September 14, 2021 | finance.yahoo.com

Investors Met With Slowing Returns on Capital At Ashtead Group (LON:AHT)

August 20, 2021 | barrons.com

Ashtead Group PLC ADR

June 15, 2021 | finance.yahoo.com

Ashtead: the dollarisation of the FTSE 100

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30 days | 90 days | 365 days | Advanced Chart

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ASHTY Company Calendar

Ex-Dividend for 2/24 Dividend: 1/12/2023
Dividend Payable: 2/24/2023
Today: 3/30/2023
Fiscal Year End: 4/30/2023

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Industry, Sector and Symbol

Stock Exchange: OTCMKTS
Industry: Private households
Sub-Industry: N/A
Sector: Industrial Products
Current Symbol: OTCMKTS:ASHTY
Previous Symbol: NASDAQ:ASHTY
CUSIP: N/A
CIK: 1518258
Web: www.ashtead-group.com
Phone: 442077269700
Fax: 44-0-20-7726-9705
Employees: 21,752
Year Founded: 1947

Price Target and Rating

Average Stock Price Forecast: $4,367.20
High Stock Price Forecast: $6,300.00
Low Stock Price Forecast: $400.00
Forecasted Upside/Downside: +67.9%
Consensus Rating: Moderate Buy
Rating Score (0-4): 2.75
Research Coverage: 4 Analysts

Profitability

EPS (Most Recent Fiscal Year): $14.15
Trailing P/E Ratio: 16.84
Forward P/E Ratio: 15.85
P/E Growth: 0.83
Net Income: $1.25 billion
Net Margins: 16.84%
Pretax Margin: 22.12%
Return on Equity: 31.71%
Return on Assets: 10.20%

Debt

Debt-to-Equity Ratio: 1.16
Current Ratio: 1.25
Quick Ratio: 1.13

Sales & Book Value

Annual Sales: $7.96 billion
Price / Sales: 3.28
Cash Flow: $12.53 per share
Price / Cash Flow: 19.02
Book Value: $45.47 per share
Price / Book: 5.24

Miscellaneous

Outstanding Shares: 109,670,000
Free Float: N/A
Market Cap: $26.13 billion
Optionable: Not Optionable
Beta: 1.83

Social Links

Key Executives

Brendan Horgan
Chief Executive Officer, COO & Executive Director

Michael Pratt
CFO, Treasurer & Executive Director

Richard Thomas
Chief Executive Officer-A Plant

Will Shaw
Director-Investor Relations

Eric Watkins
Secretary

Key Competitors

View All Competitors

ASHTY Stock - Frequently Asked Questions

Should I buy or sell Ashtead Group stock right now?: 4 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Ashtead Group in the last twelve months. There are currently 1 hold rating and 3 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "buy" ASHTY shares.
View ASHTY analyst ratings or view top-rated stocks.
What is Ashtead Group's stock price forecast for 2023?: 4 Wall Street research analysts have issued 12 month price targets for Ashtead Group's stock. Their ASHTY share price forecasts range from $400.00 to $6,300.00. On average, they expect the company's stock price to reach $4,367.20 in the next year. This suggests a possible upside of 1,733.0% from the stock's current price.
View analysts price targets for ASHTY or view top-rated stocks among Wall Street analysts.
How have ASHTY shares performed in 2023?: Ashtead Group's stock was trading at $226.19 at the beginning of 2023. Since then, ASHTY stock has increased by 5.3% and is now trading at $238.25.
View the best growth stocks for 2023 here.
Are investors shorting Ashtead Group?: Ashtead Group saw a decrease in short interest in the month of March. As of March 15th, there was short interest totaling 2,500 shares, a decrease of 75.7% from the February 28th total of 10,300 shares. Based on an average daily volume of 6,100 shares, the short-interest ratio is currently 0.4 days.
View Ashtead Group's Short Interest.
How often does Ashtead Group pay dividends? What is the dividend yield for Ashtead Group?: Ashtead Group announced a dividend on Wednesday, January 4th. Stockholders of record on Friday, January 13th will be given a dividend of $0.55 per share on Friday, February 24th. This represents a yield of 1.34%. The ex-dividend date of this dividend is Thursday, January 12th.
Read our dividend analysis for ASHTY.
Is Ashtead Group a good dividend stock?: Ashtead Group (OTCMKTS:ASHTY) pays an annual dividend of $1.08 per share and currently has a dividend yield of 0.46%. The dividend payout ratio is 7.63%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, ASHTY will have a dividend payout ratio of 6.12% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for ASHTY.

What is Ashtead Group's stock symbol?: Ashtead Group trades on the OTCMKTS under the ticker symbol "ASHTY."
How do I buy shares of Ashtead Group?: Shares of ASHTY stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.
What is Ashtead Group's stock price today?: One share of ASHTY stock can currently be purchased for approximately $238.25.
How much money does Ashtead Group make?: Ashtead Group (OTCMKTS:ASHTY) has a market capitalization of $26.13 billion and generates $7.96 billion in revenue each year. The company earns $1.25 billion in net income (profit) each year or $14.15 on an earnings per share basis.
How many employees does Ashtead Group have?: The company employs 21,752 workers across the globe.
Does Ashtead Group have any subsidiaries?: The following companies are subsidiares of Ashtead Group: ASTRA SITE SERVICES LIMITED, ATM Traffic Solutions Limited, Accession Group Limited, Accession Holdings Limited, Anglia Traffic Management Group Limited, Ashtead Canada Limited, Ashtead Capital Inc., Ashtead Financing (Ireland) Unlimited Company, Ashtead Financing Limited, Ashtead Holdings LLC, Ashtead Holdings PLC, Ashtead Plant Hire Company Ireland) Limited, Ashtead Plant Hire Company Limited, Ashtead US Holdings Inc., Ellerbeck Industries Limited, Eve Trakway Limited, Hoist It Limited, Inlec UK Limited, Live Trakway GmbH, Lux Traffic Controls, Opti-cal Survey Equipment Limited, Plantfinder, Plantfinder (Scotland) Limited, Precision Geometrics Limited, Pride Corporation, Sunbelt Rentals Exchange Inc, Sunbelt Rentals Inc., Sunbelt Rentals Industrial Services LLC, Sunbelt Rentals SAS, Sunbelt Rentals Scaffold Services Inc., Sunbelt Rentals Scaffold Services LLC, Sunbelt Rentals of Canada Inc., Sunbelt Rentals of the Bahamas Inc, and William F. White International.
Read More
How can I contact Ashtead Group?: Ashtead Group's mailing address is 100 Cheapside, London X0, EC2V 6DT. The official website for the company is www.ashtead-group.com. The company can be reached via phone at 442077269700, via email at wshaw@ashtead-group.com, or via fax at 44-0-20-7726-9705.

This page (OTCMKTS:ASHTY) was last updated on 3/30/2023 by MarketBeat.com Staff

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Ashtead Group - ASHTY Stock Forecast, Price & News

Ashtead Group MarketRank™ Forecast

Overall MarketRank™

Analyst's Opinion

Short Interest

Percentage of Shares Shorted

Short Interest Ratio / Days to Cover

Change versus previous month

Dividend Strength

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score

News and Social Media Coverage

News Sentiment

News Coverage This Week

MarketBeat Follows

Company Ownership

Earnings and Valuation

About Ashtead Group (OTCMKTS:ASHTY) Stock

ASHTY Stock News Headlines

ASHTY Company Calendar

Industry, Sector and Symbol

Price Target and Rating

Profitability

Debt

Sales & Book Value

Miscellaneous

Social Links

Key Executives

Key Competitors

ASHTY Stock - Frequently Asked Questions

Overall MarketRank^™