Ashtead Group (OTCMKTS:ASHTY) Upgraded at Barclays

Barclays upgraded shares of Ashtead Group (OTCMKTS:ASHTY) to a strong-buy rating in a report published on Thursday morning, Zacks.com reports.

Ashtead Group Stock Down 3.4 %

Shares of OTCMKTS:ASHTY opened at $270.52 on Thursday. The firm has a fifty day moving average price of $279.74 and a two-hundred day moving average price of $280.95. The company has a debt-to-equity ratio of 1.24, a current ratio of 1.36 and a quick ratio of 1.24. Ashtead Group has a one year low of $221.86 and a one year high of $316.06. The company has a market cap of $29.57 billion, a price-to-earnings ratio of 18.55, a PEG ratio of 1.61 and a beta of 1.63.

Ashtead Group (OTCMKTS:ASHTY) last announced its quarterly earnings results on Tuesday, June 18th. The company reported $3.15 EPS for the quarter, missing the consensus estimate of $3.17 by ($0.02). Ashtead Group had a net margin of 15.61% and a return on equity of 25.53%. The firm had revenue of $2.63 billion during the quarter, compared to the consensus estimate of $2.35 billion. Analysts anticipate that Ashtead Group will post 15.67 EPS for the current fiscal year.

Ashtead Group Increases Dividend

The business also recently disclosed a dividend, which will be paid on Wednesday, September 25th. Stockholders of record on Friday, August 9th will be given a dividend of $3.52 per share. The ex-dividend date of this dividend is Friday, August 9th. This is a boost from Ashtead Group’s previous dividend of $0.58. Ashtead Group’s dividend payout ratio (DPR) is 7.89%.

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.