Astec Industries Inc. (NASDAQ: ASTE) is -38.03% lower on its value in year-to-date trading and has touched a low of $31.04 and a high of $72.96 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The ASTE stock was last observed hovering at around $42.59 in the last trading session, with the day’s gains setting it 0.34% off its average median price target of $51.00 for the next 12 months. It is also 25.98% off the consensus price target high of $58.00 offered by 4 analysts, but current levels are -19.25% lower than the price target low of $36.00 for the same period.
Currently trading at $42.93, the stock is 0.10% and 13.76% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.23 million and changing 0.80% at the moment leaves the stock 1.54% off its SMA200. ASTE registered -37.89% loss for a year compared to 6-month loss of -5.61%.
The stock witnessed a 11.30% gain in the last 1 month and extending the period to 3 months gives it a 2.73%, and is 1.39% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 4.80% over the week and 4.88% over the month.
Astec Industries Inc. (ASTE) has around 4041 employees, a market worth around $984.81M and $1.19B in sales. Fwd P/E is 19.23. Profit margin for the company is -0.70%. Distance from 52-week low is 38.31% and -41.16% from its 52-week high. The company has generated returns on investments over the last 12 months (3.60%).
Astec Industries Inc. (ASTE) Analyst Forecasts
Analyst recommendations provided by FactSet shows that the consensus forecast for Astec Industries Inc. (ASTE) is a “Overweight”. 4 analysts offering their recommendations for the stock have an average rating of 2.00, where 2 rate it as a Hold and 0 think it is a “Overweight”. 2 of the analysts rate the stock as a “Buy”. 0 analysts have rated the stock as a Sell or Underperform.
Astec Industries Inc. is expected to release its quarterly report on 02/27/2023.The EPS is expected to shrink by -52.60% this year
Astec Industries Inc. (ASTE) Top Institutional Holders
The shares outstanding are 22.84M, and float is at 22.38M with Short Float at 1.88%.
Astec Industries Inc. (ASTE) Insider Activity
A total of 41 insider transactions have happened at Astec Industries Inc. (ASTE) in the last six months, with sales accounting for 2 and purchases happening 39 times.
Astec Industries Inc. (ASTE): Who are the competitors?
The company’s main competitors (and peers) include Taylor Devices Inc. (TAYD) that is trading 15.68% up over the past 12 months and Caterpillar Inc. (CAT) that is 15.38% higher over the same period. The Manitowoc Company Inc. (MTW) is -53.50% down on the 1-year trading charts.