Thomson Reuters, a distinguished brokerage company, has placed a 52-week price target of $59.71 on Astec Industries, Inc. (NASDAQ:ASTE) shares after it surveyed top market analysts. Calculating estimated earnings after taking into consideration different elements, it is predicted to come at $2.41 for the next fiscal and $N/A for underway quarter.
Analysts take into account the price to earnings ratio to estimate the firm’s valuation. This ratio, which is also called as the P/E ratio evaluates the company on relative expense factor. The formula to calculate ratio is stock’s latest price/ per share earnings. The P/E ratio of Astec Industries, Inc. (NASDAQ:ASTE) stands at 31.98.
Analysts also work out Price/Earnings Growth ratio in an attempt to estimate the valuation of a firm. This ratio commonly known as the PEG ratio implies the stock’s valuation compared to earnings growth potential. Investors look to invest in the stocks with a lower PEG ratio. For Astec Industries, Inc., the PEG ratio for coming 3-5 years is 3.00.
The technical analysis highlights that Astec Industries, Inc. current is trading $0.43 points away or +0.74% from its 50-day moving average of $57.46. Further it is trading $8.68 or +17.65% away its 200-day moving average of $49.21.
The 52-week high of Astec Industries, Inc. (NASDAQ:ASTE) was $62.75 while lowest point recorded in 52-week was $30.76. It implies if stock price makes a movement of over $-4.86, it will record a new 52-week high. In the case of +88.20% drop, it will touch a new 52-week low.
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