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


The leading market experts have placed a mean price target of $58.00 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 $0.49 a share for the upcoming quarter and $2.35 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 $56.17, and stock is hovering 4.00 or +7.12% distant from $56.17. It is noted that the 200-day MA is $47.39, and Astec Industries, Inc. stock is $12.78 or +26.97% off from this point. Astec Industries, Inc. (NASDAQ:ASTE) 52-week high is $62.75 and the 52-week low is $30.76. This explains if the stock moves $-2.58, it will post a 52-week high. In event of $+95.61% 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 33.24. The stock last ended the trading session at $60.17 and registered a market cap of $1.38B. 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 1.58.

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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