ASHTEAD GRP PLC/ADR (OTCMKTS:ASHTY) Downgraded by ValuEngine to “Sell”

ValuEngine downgraded shares of ASHTEAD GRP PLC/ADR (OTCMKTS:ASHTY) from a hold rating to a sell rating in a report published on Thursday, ValuEngine reports.

Other research analysts have also issued research reports about the company. Zacks Investment Research lowered ASHTEAD GRP PLC/ADR from a hold rating to a sell rating in a report on Tuesday, June 18th. Morgan Stanley lowered ASHTEAD GRP PLC/ADR from an overweight rating to an equal weight rating in a report on Wednesday, July 10th.

ASHTY traded down $4.26 during trading on Thursday, hitting $106.50. 5,251 shares of the stock were exchanged, compared to its average volume of 15,669. The company has a market cap of $13.10 billion, a price-to-earnings ratio of 11.77 and a beta of 1.84. ASHTEAD GRP PLC/ADR has a 1-year low of $79.77 and a 1-year high of $129.35. The company’s fifty day simple moving average is $111.40. The company has a quick ratio of 1.27, a current ratio of 1.39 and a debt-to-equity ratio of 1.34.

ASHTEAD GRP PLC/ADR (OTCMKTS:ASHTY) last released its quarterly earnings results on Tuesday, June 18th. The company reported $1.82 EPS for the quarter. The company had revenue of $1.44 billion for the quarter. ASHTEAD GRP PLC/ADR had a return on equity of 28.82% and a net margin of 27.28%. On average, analysts forecast that ASHTEAD GRP PLC/ADR will post 10.44 EPS for the current fiscal year.

About ASHTEAD GRP PLC/ADR

Ashtead Group plc, together with its subsidiaries, rents a range of construction and industrial equipment. It offers equipment for use in lifting, powering, generation, moving, digging, compacting, drilling, supporting, scrubbing, pumping, directing, heating, and ventilating works. The company provides various types of construction equipment for non-residential construction markets; and facilities management equipment for the maintenance and repair of facilities.

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To view ValuEngine’s full report, visit ValuEngine’s official website.

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