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.

Several price targets were given for ASTE by the analysts covering the stock. The maximum price target given was 80, which equates to a potential upside of 53.96 percent. The minimum price target given was 44, which equates to a potential downside of -15.32 percent. It is crucial to not blindly accept any price targets or stock ratings, because many analysts have it in their best interest to give positive coverage of certain stocks.

Analysts have revised their earnings estimates upwards for this quarter, by about 3.26 percent on average, compared to last month. This can be compared with the average change in earnings estimates over the past 3 months, which is 3.26 percent. On the other hand, earnings estimates for the fiscal year have been revised downwards by -1.85 percent, as compared to a month ago. 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. Over the past month, 4 analysts increased their quarterly estimates, while 0 analysts revised their estimates downwards. Also over the last month, 1 analysts increased their estimates for the FY earnings, compared to 4 analysts that revised their FY estimates downwards.

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, as that can indicate whether the high price level of a stock is warranted by high growth. 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.

In the last 52-weeks, ASTE has achieved a high of 73.37 and a low of 47.34. Today's price is 9.76 percent above the 52-week low, and below the high by 29.18 percent. 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.