Zacks: Ashtead Group (ASHTY) Given Consensus Recommendation of “Strong Buy” by Analysts

Ashtead Group (NASDAQ:ASHTY) has been assigned an average broker rating score of 1.00 (Strong Buy) from the three analysts that cover the company, Zacks Investment Research reports. Three investment analysts have rated the stock with a strong buy rating.

Zacks has also assigned Ashtead Group an industry rank of 210 out of 265 based on the ratings given to its competitors.

Separately, Zacks Investment Research upgraded Ashtead Group from a “hold” rating to a “buy” rating and set a $96.00 target price on the stock in a research report on Wednesday, February 22nd.

Shares of Ashtead Group (NASDAQ:ASHTY) traded up 0.67% during mid-day trading on Wednesday, reaching $82.78. The company had a trading volume of 2,175 shares. The stock has a market capitalization of $10.30 billion and a P/E ratio of 17.25. The firm has a 50 day moving average of $83.82 and a 200-day moving average of $77.68. Ashtead Group has a one year low of $50.06 and a one year high of $87.66.

Ashtead Group (NASDAQ:ASHTY) last posted its earnings results on Tuesday, March 7th. The company reported $1.14 EPS for the quarter, topping analysts’ consensus estimates of $1.13 by $0.01. The firm earned $999.64 million during the quarter, compared to analysts’ expectations of $929.87 million. Analysts forecast that Ashtead Group will post $98.08 EPS for the current fiscal year.

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