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 price target was 80, which equates to a potential upside of 53.96 percent. The lowest price target was 44, implying potential capital losses of -15.32 percent. It is advisable to not rely only on price targets or ratings, as these can be biased for some stocks.
In the last 30 days, analysts have changed their quarterly earnings estimates upwards by an average of 3.26 percent. The average change in earnings estimates over the last 90 days is 3.26 percent. Over the past 30 days, FY earnings estimates have also changed downwards by -1.85 percent. If we look at the last 90 days instead, we find a net average change of -1.85 percent in FY estimates.
People are often interested in whether analysts were united in the direction of their revisions. 4 analysts made positive revisions to their quarterly estimates over the past month, while 0 analysts made negative revisions. Also over the last month, 1 analysts increased their estimates for the FY earnings, while 4 analysts decreased their estimates.
The growth rate of ASTE's earnings is estimated by analysts to be 29.65 percent. People on Wall Street often look at a company's PEG ratio. Smaller PEG ratios are desirable, because people typically see that as an indicator of higher growth relative to stock price. Wall Street investors typically prefer a PEG ratio to be smaller than 1, although it is frequently more appropriate to compare PEG ratios to the company's peers. ASTE has a PEG ratio of 0.83.
ASTE has a 52-week high of 73.37 and a 52-week 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 P/E 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 stock has a market capitalization of $1.14 billion. ASTE's next earnings release will be on 0000-00-00, which is days away.