Ashtead (AHT) ... United Rentals (URI) downgrades appear ominous

9th February 2015

Pursuant to a series of downgrades over recent months to United Rentals (URI US, mkt cap $8.7 billion), I shorted a little Ashtead (AHT LN, mkt cap £5.5 billion). After all, one would imagine that those closer to home know the score.

United Rentals and Ashtead consensus 2016 sales forecast
Source: Bloomberg

United Rentals and Ashtead consensus 2016 EBITDA forecast
Source: Bloomberg

United Rentals and Ashtead consensus 2016 EPS forecast
Source: Bloomberg

United Rentals and Ashtead consensus forward P/E
Source: Bloomberg

United Rentals and Ashtead longer term share price performance,
currency adjusted to Sterling
Source: Bloomberg

United Rentals and Ashtead shorter term share price performance,
currency adjusted to Sterling
Source: Bloomberg

Ashtead six month share price performance
Source: Bloomberg

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