Analyst Ratings for Astec Industries Inc. (ASTE)Updated: 2017-07-27
Astec Industries Inc. (NASDAQ:ASTE) was awarded an average rating of Overweight from investment analysts following the stock. Last month, ASTE received an average rating of Overweight.
3 analysts declared ASTE a buy, 1 issued an overweight rating, 4 issued a hold rating, 0 issued an underweight rating, and 1 gave a sell rating. Today, there are 0 more analysts optimistic about the company future as compared with 90 days ago. Over the same time period, there has been an increase of 0 in the number of analysts with a negative outlook on the stock.
ASTE was given price targets by several analysts. The most optimistic analyst gave a price target of 80, implying a possible profit of 53.96 percent. The most pessimistic analyst gave a price target of 44, implying a possible loss of -15.32 percent. One must be careful with overanalyzing price targets and ratings due to possible conflicts of interest among the analysts releasing them.
Analysts have revised their earnings estimates upwards for this quarter, by about 3.26 percent on average, compared to last month. The average change in earnings estimates over the last 90 days is 3.26 percent. Meanwhile, fiscal year estimates have been revised downwards by -1.85 percent, compared to last month. Expanding the time horizon to 3 months, the average change in fiscal year estimates becomes -1.85 percent.
People are often interested in whether analysts were united in the direction of their revisions. 4 analysts have revised their quarterly estimates upwards in the past 30 days, which can be compared to the 0 analysts that decreased their estimates. During this time, 1 analysts made positive revisions in their estimates for this fiscal year's earnings, compared to 4 analysts that revised their FY estimates downwards.
Analysts estimate earnings of ASTE to grow at a rate of 29.65 percent. Another measure frequently examined by investors is the PEG ratio. Smaller PEG ratios are desirable, because that is often interpreted as the company being fairly priced relative to its growth rate. PEG ratios below 1 are often considered desirable, though it could be better to see where the ratio stands relative to peers in the industry. The PEG ratio of ASTE is 0.83.
In the last 52-weeks, ASTE has achieved a high of 73.37 and a low of 47.34. The current market price is above the trailing year's low by 9.76 percent, and 29.18 percent lower than its 52-week high. ASTE has a price/earnings ratio of 24.66. Investors typically compare the P/E ratio to a company's peers in the industry. The ASTE value stock report compares ASTE to some of its peers using value stock charts. The market cap of ASTE is $1.14 billion. ASTE's next earnings release will be on 0000-00-00, which is days away.