Ashtead Group PLC
AHT: XLON (GBR)
Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
---|---|---|---|
GBX 3,127.00 | Cqr | Tmsyjstgr |
Ashtead Raises Revenue Guidance for Second Consecutive Quarter; FVE Unchanged
No-moat Ashtead raised its revenue guidance for the second consecutive quarter after delivering strong quarterly results. Second-quarter revenue grew 25% and continues to outperform the broader market due to market share gains through store expansion and bolt-on acquisitions. While we plan to tweak our short-term forecasts, we’re maintaining our GBX 4,350 fair value estimate as top-line growth is offset by further investments in its fleet. Shares are fairly valued.