Stock To Watch: Astec Industries, Inc. (NASDAQ:ASTE)


The leading market experts have placed a mean price target of $53.63 on Astec Industries, Inc. (NASDAQ:ASTE) stock. This price level, which is estimated to be attained in one-year indicates the mean of stock opinions given by the companies included in the First Call survey. The renowned research firms have predicted earnings of $0.29 a share for the upcoming quarter and $2.25 for the current fiscal. Technical View The technical analysis of Astec Industries, Inc. plainly substantiates that the 50-day moving average of Astec Industries, Inc. is $51.38, and stock is hovering 4.37 or +8.51% distant from $51.38. It is noted that the 200-day MA is $43.72, and Astec Industries, Inc. stock is $12.03 or +27.50% off from this point. Astec Industries, Inc. (NASDAQ:ASTE) 52-week high is $56.38 and the 52-week low is $30.76. This explains if the stock moves $-0.63, it will post a 52-week high. In event of $+81.24% points decline, a 52-week low will be hit. Taking the Valuation Aspect To emphasize the valuation of Astec Industries, Inc., shareholders can apply financial tool known as price-to-earnings ratio. This financial ratio assesses stock’s valuation by considering the relative expense of the stock. Following this ratio, Astec Industries, Inc. (NASDAQ:ASTE) ratio came in at 36.20. The stock last ended the trading session at $55.75 and registered a market cap of $1.28B. To appraise firm’s growth, the shareholders take help of the Price-to-Earnings-Growth ratio. When a stock has a higher PEG ratio, it is suggestive of lower stock appreciation in approaching sessions. A stock comes in the group of undervalued stocks when its PEG ratio falls in between 0 and 1. Astec Industries, Inc. (NASDAQ:ASTE) PEG ratio is at 1.26.

1 Chart Pattern Every Investor Should Know

This little-known pattern preceded moves of 578% in ARWR, 562% in LCI, 513% in ICPT, 439% in EGRX, 408% in ADDUS and more...

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