Buzzing Stock: Astec Industries, Inc. (NASDAQ:ASTE)


As per the research groups listed in Thomson Reuters survey, Astec Industries, Inc. (NASDAQ:ASTE), the stock can touch mean price target of $53.6300 in coming period. This price target highlights the recommendations of leading experts in the market. Thomson Reuters studies the brokerages research reports to reach this price target. The latest poll indicate that the company may record earnings of $0.3000 per share in looming quarter and $2.2800 during current fiscal. Technical Forecast While evaluating Astec Industries, Inc. on the technical side, it is seen that the firm’s shares price is at $4.6881, which is +8.5687% off 50-day MA of $54.7118. The stock is $13.6974, which is +29.9708% off $45.7025, which is 200-day MA of Astec Industries, Inc.. MA here stands for moving average. Astec Industries, Inc. (NASDAQ:ASTE) stock made a high of $59.6289 in last 12-months while the lowest level in same period was $30.7600. It entails if stock price makes a movement of over $-0.2290, it will make a new 52-week high. In the case of $+93.1076% points decline, it will touch a new 52-week low. Valuation Level The valuation of Astec Industries, Inc. is done by analysts by using price-to-earnings ratio. This ratio considers the latest price and profits for valuating a stock. The ratio is calculated by dividing stock price by annual EPS. For now, Astec Industries, Inc. (NASDAQ:ASTE) P/E ratio is 38.5714. The stakeholders can further gauge a firm’s performance by calculating Price-to-Earnings-Growth ratio, and for Astec Industries, Inc. it stands at 1.3100.

1 Chart Pattern Every Investor Should Know

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