Ashtead Group (OTCMKTS:ASHTY) Upgraded at Royal Bank of Canada

Ashtead Group (OTCMKTS:ASHTY) was upgraded by Royal Bank of Canada from a “hold” rating to a “moderate buy” rating in a research note issued on Tuesday,Zacks.com reports.

Separately, Berenberg Bank raised Ashtead Group to a “strong-buy” rating in a research note on Thursday, September 19th.

Ashtead Group Stock Up 1.1 %

Shares of Ashtead Group stock opened at $327.42 on Tuesday. The company has a quick ratio of 1.08, a current ratio of 1.17 and a debt-to-equity ratio of 1.08. Ashtead Group has a 12 month low of $241.34 and a 12 month high of $337.95. The business has a fifty day simple moving average of $313.18 and a 200 day simple moving average of $292.47. The stock has a market cap of $35.80 billion, a PE ratio of 23.11, a price-to-earnings-growth ratio of 1.90 and a beta of 1.64.

Ashtead Group (OTCMKTS:ASHTY) last announced its quarterly earnings data on Tuesday, September 3rd. The company reported $3.88 EPS for the quarter, topping analysts’ consensus estimates of $3.85 by $0.03. Ashtead Group had a return on equity of 23.60% and a net margin of 14.94%. The business had revenue of $2.54 billion during the quarter, compared to analysts’ expectations of $2.74 billion. Research analysts predict that Ashtead Group will post 15.38 EPS 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.