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


The leading market experts have placed a mean price target of $60.71 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 $2.40 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 $58.90, and stock is trading $-3.57 points away or -6.07% from its 50-day moving average of $58.90. Further it is trading $3.19 or +6.11% away its 200-day moving average of $52.14. 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 $-7.42, it will post a 52-week high. In event of +79.88% 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 30.57.

The stock last ended the trading session at $55.33 and registered a market cap of $1.27B. 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 2.99.

1 Chart Pattern Every Investor Should Know

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